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SCHV vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SCHV and SPY is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

SCHV vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Value ETF (SCHV) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

500.00%550.00%600.00%NovemberDecember2025FebruaryMarchApril
571.86%
558.36%
SCHV
SPY

Key characteristics

Sharpe Ratio

SCHV:

0.59

SPY:

0.51

Sortino Ratio

SCHV:

0.91

SPY:

0.86

Omega Ratio

SCHV:

1.13

SPY:

1.13

Calmar Ratio

SCHV:

0.61

SPY:

0.55

Martin Ratio

SCHV:

2.38

SPY:

2.26

Ulcer Index

SCHV:

3.89%

SPY:

4.55%

Daily Std Dev

SCHV:

15.83%

SPY:

20.08%

Max Drawdown

SCHV:

-37.08%

SPY:

-55.19%

Current Drawdown

SCHV:

-8.07%

SPY:

-9.89%

Returns By Period

In the year-to-date period, SCHV achieves a -1.48% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, SCHV has underperformed SPY with an annualized return of 11.37%, while SPY has yielded a comparatively higher 11.99% annualized return.


SCHV

YTD

-1.48%

1M

-4.34%

6M

-3.25%

1Y

9.46%

5Y*

15.75%

10Y*

11.37%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

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SCHV vs. SPY - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%
Expense ratio chart for SCHV: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SCHV: 0.04%

Risk-Adjusted Performance

SCHV vs. SPY — Risk-Adjusted Performance Rank

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

SCHV
The Risk-Adjusted Performance Rank of SCHV is 6363
Overall Rank
The Sharpe Ratio Rank of SCHV is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHV is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SCHV is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SCHV is 6868
Calmar Ratio Rank
The Martin Ratio Rank of SCHV is 6464
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SCHV vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for SCHV, currently valued at 0.59, compared to the broader market-1.000.001.002.003.004.00
SCHV: 0.59
SPY: 0.51
The chart of Sortino ratio for SCHV, currently valued at 0.91, compared to the broader market-2.000.002.004.006.008.00
SCHV: 0.91
SPY: 0.86
The chart of Omega ratio for SCHV, currently valued at 1.13, compared to the broader market0.501.001.502.00
SCHV: 1.13
SPY: 1.13
The chart of Calmar ratio for SCHV, currently valued at 0.61, compared to the broader market0.002.004.006.008.0010.0012.00
SCHV: 0.61
SPY: 0.55
The chart of Martin ratio for SCHV, currently valued at 2.38, compared to the broader market0.0020.0040.0060.00
SCHV: 2.38
SPY: 2.26

The current SCHV Sharpe Ratio is 0.59, which is comparable to the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of SCHV and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.59
0.51
SCHV
SPY

Dividends

SCHV vs. SPY - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 2.34%, more than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
SCHV
Schwab U.S. Large-Cap Value ETF
2.34%2.25%2.42%2.38%1.93%3.03%3.02%3.05%2.37%3.96%2.69%2.38%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

SCHV vs. SPY - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCHV and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.07%
-9.89%
SCHV
SPY

Volatility

SCHV vs. SPY - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Value ETF (SCHV) is 11.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that SCHV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
11.67%
15.12%
SCHV
SPY