SCHLX vs. VGHCX

Last updated Jun 23, 2026

SCHLX (DWS Health and Wellness Fund) and VGHCX (Vanguard Health Care Fund Investor Shares) are both Health & Biotech Equities funds. Over the past 10 years, SCHLX returned 7.73%/yr vs 9.42%/yr for VGHCX. Their correlation of 0.92 suggests significant overlap in exposure. SCHLX charges 0.84%/yr vs 0.33%/yr for VGHCX.

Performance

SCHLX vs. VGHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Health and Wellness Fund (SCHLX) and Vanguard Health Care Fund Investor Shares (VGHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHLX achieves a -6.63% return, which is significantly lower than VGHCX's -1.85% return. Over the past 10 years, SCHLX has underperformed VGHCX with an annualized return of 7.73%, while VGHCX has yielded a comparatively higher 9.42% annualized return.

SCHLX

• 1D: -0.69%
• 1M: -0.81%
• YTD: -6.63%
• 6M: -7.02%
• 1Y: 9.01%
• 3Y*: 4.45%
• 5Y*: 3.42%
• 10Y*: 7.73%

VGHCX

• 1D: -0.50%
• 1M: -0.39%
• YTD: -1.85%
• 6M: -2.28%
• 1Y: 21.03%
• 3Y*: 8.94%
• 5Y*: 6.85%
• 10Y*: 9.42%

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

SCHLX vs. VGHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHLX DWS Health and Wellness Fund	-6.63%	12.67%	3.62%	5.56%	-7.22%	15.43%	15.40%	22.40%	3.50%	19.37%
VGHCX Vanguard Health Care Fund Investor Shares	-1.85%	19.63%	8.99%	5.46%	-1.05%	14.36%	12.57%	22.93%	1.03%	19.59%

Correlation

The correlation between SCHLX and VGHCX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.92

The correlation between SCHLX and VGHCX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

SCHLX vs. VGHCX — Risk / Return Rank

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

SCHLX

SCHLX Risk / Return Rank: 7
SCHLX Sharpe Ratio Rank: 7
SCHLX Sortino Ratio Rank: 8
SCHLX Omega Ratio Rank: 7
SCHLX Calmar Ratio Rank: 7
SCHLX Martin Ratio Rank: 6

VGHCX

VGHCX Risk / Return Rank: 29
VGHCX Sharpe Ratio Rank: 25
VGHCX Sortino Ratio Rank: 29
VGHCX Omega Ratio Rank: 24
VGHCX Calmar Ratio Rank: 37
VGHCX Martin Ratio Rank: 27

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.

SCHLX vs. VGHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Health and Wellness Fund (SCHLX) and Vanguard Health Care Fund Investor Shares (VGHCX). 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.

	SCHLX	VGHCX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.35	-0.78
Sortino ratio: Return per unit of downside risk	0.96	2.09	-1.13
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	0.65	2.20	-1.54
Martin ratio: Return relative to average drawdown	1.49	5.88	-4.39

SCHLX vs. VGHCX - Sharpe Ratio Comparison

The current SCHLX Sharpe Ratio is 0.57, which is lower than the VGHCX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SCHLX and VGHCX, 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

SCHLX vs. VGHCX - Drawdown Comparison

The maximum SCHLX drawdown since its inception was -45.46%, which is greater than VGHCX's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SCHLX and VGHCX.

Drawdown Indicators

	SCHLX	VGHCX	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	-36.93%	-8.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-9.20%	-3.88%
Max Drawdown (3Y) Largest decline over 3 years	-17.73%	-16.08%	-1.65%
Max Drawdown (5Y) Largest decline over 5 years	-18.62%	-16.95%	-1.67%
Max Drawdown (10Y) Largest decline over 10 years	-27.47%	-27.18%	-0.29%
Current Drawdown Current decline from peak	-9.83%	-4.87%	-4.96%
Average Drawdown Average peak-to-trough decline	-9.17%	-5.24%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	3.43%	+2.27%

Volatility

SCHLX vs. VGHCX - Volatility Comparison

DWS Health and Wellness Fund (SCHLX) has a higher volatility of 5.14% compared to Vanguard Health Care Fund Investor Shares (VGHCX) at 4.69%. This indicates that SCHLX's price experiences larger fluctuations and is considered to be riskier than VGHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHLX	VGHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	4.69%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	10.62%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	14.92%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	18.24%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	17.65%	-0.94%

SCHLX vs. VGHCX - Expense Ratio Comparison

SCHLX has a 0.84% expense ratio, which is higher than VGHCX's 0.33% expense ratio.

Dividends

SCHLX vs. VGHCX - Dividend Comparison

SCHLX's dividend yield for the trailing twelve months is around 5.58%, less than VGHCX's 6.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHLX DWS Health and Wellness Fund	5.58%	5.21%	1.19%	5.29%	1.77%	9.02%	9.13%	9.88%	11.48%	6.52%	2.84%	16.39%
VGHCX Vanguard Health Care Fund Investor Shares	6.73%	6.00%	22.72%	7.17%	5.44%	8.31%	7.96%	11.82%	9.10%	7.30%	8.54%	8.16%

Frequently Asked Questions

Can I hold both SCHLX and VGHCX in my portfolio?

With a correlation of 0.93, SCHLX and VGHCX 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, SCHLX or VGHCX?

SCHLX has higher volatility (5.14%) compared to VGHCX (4.69%). In terms of maximum drawdown, SCHLX dropped -45.46% vs VGHCX's -36.93%.

Which has better risk-adjusted returns?

VGHCX currently has the higher Sharpe Ratio (1.35 vs 0.57), 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.