SCHX vs. SCHK

Last updated Jun 6, 2026

SCHX (Schwab U.S. Large-Cap ETF) and SCHK (Schwab 1000 Index ETF) are both exchange-traded funds - SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index, while SCHK is a Large Cap Growth Equities fund tracking the Schwab 1000 Index. Both are passively managed. Over the past 5 years, SCHX returned 12.78%/yr vs 12.63%/yr for SCHK. With a 1.00 correlation, they move nearly in lockstep. SCHX charges 0.03%/yr vs 0.05%/yr for SCHK.

Performance

SCHX vs. SCHK - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SCHX having a 8.26% return and SCHK slightly higher at 8.60%.

SCHX

• 1D: -2.65%
• 1M: 0.55%
• YTD: 8.26%
• 6M: 7.86%
• 1Y: 25.11%
• 3Y*: 21.43%
• 5Y*: 12.78%
• 10Y*: 15.08%

SCHK

• 1D: -2.68%
• 1M: 0.48%
• YTD: 8.60%
• 6M: 8.17%
• 1Y: 25.52%
• 3Y*: 21.35%
• 5Y*: 12.63%
• 10Y*: —

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

SCHX vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHX Schwab U.S. Large-Cap ETF	8.26%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	5.14%
SCHK Schwab 1000 Index ETF	8.60%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	31.31%	-5.09%	5.07%

Correlation

The correlation between SCHX and SCHK 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 12, 2017	1.00

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

SCHX vs. SCHK - Sectors Allocation Comparison

Sectors	SCHX	SCHK
Technology	37.5%	35.1%
Communication Services	10.3%	10.3%
Financial Services	9.9%	12.0%
Consumer Cyclical	9.7%	10.1%
Industrials	8.5%	9.2%
Healthcare	8.4%	8.6%
Consumer Defensive	4.5%	4.7%
Energy	3.4%	3.6%
Utilities	2.6%	2.3%
Real Estate	2.0%	2.2%
Basic Materials	1.8%	2.0%

Return for Risk

SCHX vs. SCHK — Risk / Return Rank

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

SCHX

SCHX Risk / Return Rank: 62
SCHX Sharpe Ratio Rank: 62
SCHX Sortino Ratio Rank: 60
SCHX Omega Ratio Rank: 62
SCHX Calmar Ratio Rank: 58
SCHX Martin Ratio Rank: 69

SCHK

SCHK Risk / Return Rank: 64
SCHK Sharpe Ratio Rank: 63
SCHK Sortino Ratio Rank: 61
SCHK Omega Ratio Rank: 63
SCHK Calmar Ratio Rank: 59
SCHK Martin Ratio Rank: 72

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.

SCHX vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) and Schwab 1000 Index ETF (SCHK). 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.

	SCHX	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.06	0.00
Sortino ratio: Return per unit of downside risk	2.77	2.78	0.00
Omega ratio: Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	2.80	2.86	-0.06
Martin ratio: Return relative to average drawdown	12.66	13.14	-0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHX vs. SCHK - Sharpe Ratio Comparison

The current SCHX Sharpe Ratio is 2.05, which is comparable to the SCHK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SCHX and SCHK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHX	SCHK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.06	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.73	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.76	+0.08

Drawdowns

SCHX vs. SCHK - Drawdown Comparison

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

Drawdown Indicators

	SCHX	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-34.80%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-8.97%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.04%	-19.21%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-25.44%	+0.03%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	—	—
Current Drawdown Current decline from peak	-2.91%	-2.92%	+0.01%
Average Drawdown Average peak-to-trough decline	-3.97%	-5.18%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.95%	+0.04%

Volatility

SCHX vs. SCHK - Volatility Comparison

Schwab U.S. Large-Cap ETF (SCHX) and Schwab 1000 Index ETF (SCHK) have volatilities of 3.85% and 3.92%, 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

	SCHX	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.92%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	9.60%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	12.47%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	17.27%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	19.13%	-0.97%

SCHX vs. SCHK - Expense Ratio Comparison

SCHX has a 0.03% expense ratio, which is lower than SCHK's 0.05% 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%.

Dividends

SCHX vs. SCHK - Dividend Comparison

SCHX's dividend yield for the trailing twelve months is around 1.03%, which matches SCHK'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 SCHX and SCHK in my portfolio?

With a correlation of 1.00, SCHX and SCHK 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, SCHX or SCHK?

SCHK has higher volatility (3.92%) compared to SCHX (3.85%). In terms of maximum drawdown, SCHX dropped -34.33% vs SCHK's -34.80%.

Which ETF is better, SCHX or SCHK?

On 5-year performance, SCHX leads with 12.78% vs 12.63% for SCHK. On fees, SCHX is cheaper at 0.03% per year. 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, SCHX or SCHK?

Over the 5-year period, SCHX has performed better with a 12.78% return vs 12.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHX or SCHK?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.05% for SCHK.

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

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

What is the main difference between SCHX and SCHK?

SCHX is categorized as Large Cap Blend Equities, while SCHK is Large Cap Growth Equities. SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index, while SCHK tracks Schwab 1000 Index. Their fees differ too: 0.03% for SCHX and 0.05% for SCHK.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (2.06 vs 2.05), 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.