SCHK vs. SCHX

Last updated Jun 25, 2026

SCHK (Schwab 1000 Index ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds from Charles Schwab - SCHK tracks the Schwab 1000 Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 5 years, SCHK returned 12.15%/yr vs 12.29%/yr for SCHX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

SCHK vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1000 Index ETF (SCHK) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHK achieves a 8.17% return, which is significantly higher than SCHX's 7.70% return.

SCHK

• 1D: -0.34%
• 1M: -1.28%
• YTD: 8.17%
• 6M: 6.80%
• 1Y: 21.87%
• 3Y*: 20.60%
• 5Y*: 12.15%
• 10Y*: —

SCHX

• 1D: -0.31%
• 1M: -1.47%
• YTD: 7.70%
• 6M: 6.36%
• 1Y: 21.22%
• 3Y*: 20.63%
• 5Y*: 12.29%
• 10Y*: 15.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHK vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHK Schwab 1000 Index ETF	8.17%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	31.31%	-5.09%	5.24%
SCHX Schwab U.S. Large-Cap ETF	7.70%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	5.31%

Correlation

The correlation between SCHK and SCHX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017	1.00

The correlation between SCHK and SCHX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

SCHK vs. SCHX - Sectors Allocation Comparison

Sectors	SCHK	SCHX
Technology	38.0%	37.8%
Financial Services	11.2%	10.4%
Communication Services	10.1%	9.8%
Consumer Cyclical	9.8%	9.4%
Industrials	8.9%	8.8%
Healthcare	8.4%	8.5%
Consumer Defensive	4.3%	4.5%
Energy	3.2%	3.1%
Utilities	2.1%	2.6%
Real Estate	2.0%	2.0%
Basic Materials	1.9%	1.8%

Return for Risk

SCHK vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 56
SCHK Sortino Ratio Rank: 54
SCHK Omega Ratio Rank: 55
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 66

SCHX

SCHX Risk / Return Rank: 56
SCHX Sharpe Ratio Rank: 55
SCHX Sortino Ratio Rank: 53
SCHX Omega Ratio Rank: 54
SCHX Calmar Ratio Rank: 53
SCHX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHK vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index ETF (SCHK) and Schwab U.S. Large-Cap ETF (SCHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SCHK	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.69	+0.03
Sortino ratio: Return per unit of downside risk	2.36	2.33	+0.03
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.45	2.36	+0.09
Martin ratio: Return relative to average drawdown	10.86	10.29	+0.56

SCHK vs. SCHX - Sharpe Ratio Comparison

The current SCHK Sharpe Ratio is 1.72, which is comparable to the SCHX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SCHK and SCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHK vs. SCHX - Drawdown Comparison

The maximum SCHK drawdown since its inception was -34.80%, roughly equal to the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SCHK and SCHX.

Drawdown Indicators

	SCHK	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-34.33%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-9.02%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-19.04%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-25.41%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-3.31%	-3.41%	+0.10%
Average Drawdown Average peak-to-trough decline	-5.16%	-3.96%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.07%	-0.05%

Volatility

SCHK vs. SCHX - Volatility Comparison

Schwab 1000 Index ETF (SCHK) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 4.95% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHK	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.87%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	9.90%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	12.63%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	17.22%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	18.16%	+0.96%

SCHK vs. SCHX - Expense Ratio Comparison

Both SCHK and SCHX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SCHK vs. SCHX - Dividend Comparison

SCHK's dividend yield for the trailing twelve months is around 1.03%, which matches SCHX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%	0.00%	0.00%
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both SCHK and SCHX in my portfolio?

With a correlation of 1.00, SCHK and SCHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCHK or SCHX?

SCHK has higher volatility (4.95%) compared to SCHX (4.87%). In terms of maximum drawdown, SCHK dropped -34.80% vs SCHX's -34.33%.

Which ETF is better, SCHK or SCHX?

On 5-year performance, SCHX leads with 12.29% vs 12.15% for SCHK. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHK or SCHX?

Over the 5-year period, SCHX has performed better with a 12.29% return vs 12.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHK or SCHX?

SCHK and SCHX have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, SCHK or SCHX?

SCHK and SCHX have nearly identical dividend yields, around 1.03%.

What is the main difference between SCHK and SCHX?

SCHK tracks Schwab 1000 Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (1.72 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.