SCHX vs. SCHZ

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab U.S. Large-Cap ETF (SCHX) and Schwab U.S. Aggregate Bond ETF (SCHZ).

SCHX and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011. Both SCHX and SCHZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SCHX vs. SCHZ - Performance Comparison

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

SCHX vs. SCHZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHX Schwab U.S. Large-Cap ETF	-3.70%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%
SCHZ Schwab U.S. Aggregate Bond ETF	0.13%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	-0.26%	3.50%

Returns By Period

In the year-to-date period, SCHX achieves a -3.70% return, which is significantly lower than SCHZ's 0.13% return. Over the past 10 years, SCHX has outperformed SCHZ with an annualized return of 14.02%, while SCHZ has yielded a comparatively lower 1.62% annualized return.

SCHX

• 1D: 0.78%
• 1M: -4.31%
• YTD: -3.70%
• 6M: -1.70%
• 1Y: 17.91%
• 3Y*: 18.55%
• 5Y*: 11.30%
• 10Y*: 14.02%

SCHZ

• 1D: 0.08%
• 1M: -1.32%
• YTD: 0.13%
• 6M: 0.79%
• 1Y: 4.07%
• 3Y*: 3.59%
• 5Y*: 0.21%
• 10Y*: 1.62%

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

SCHX vs. SCHZ - Expense Ratio Comparison

Both SCHX and SCHZ 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%.

SCHX

Schwab U.S. Large-Cap ETF

SCHZ

Schwab U.S. Aggregate Bond ETF

Return for Risk

SCHX vs. SCHZ — Risk / Return Rank

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

SCHX

SCHX Risk / Return Rank: 58
SCHX Sharpe Ratio Rank: 52
SCHX Sortino Ratio Rank: 56
SCHX Omega Ratio Rank: 59
SCHX Calmar Ratio Rank: 57
SCHX Martin Ratio Rank: 67

SCHZ

SCHZ Risk / Return Rank: 52
SCHZ Sharpe Ratio Rank: 51
SCHZ Sortino Ratio Rank: 48
SCHZ Omega Ratio Rank: 41
SCHZ Calmar Ratio Rank: 68
SCHZ Martin Ratio Rank: 51

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. SCHZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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	SCHZ	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.96	+0.02
Sortino ratio Return per unit of downside risk	1.50	1.36	+0.14
Omega ratio Gain probability vs. loss probability	1.23	1.17	+0.06
Calmar ratio Return relative to maximum drawdown	1.51	1.79	-0.28
Martin ratio Return relative to average drawdown	7.02	5.11	+1.91
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. SCHZ - Sharpe Ratio Comparison

The current SCHX Sharpe Ratio is 0.98, which is comparable to the SCHZ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SCHX and SCHZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCHX	SCHZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.96	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.04	+0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.30	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.44	+0.36

Correlation

The correlation between SCHX and SCHZ is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SCHX vs. SCHZ - Dividend Comparison

SCHX's dividend yield for the trailing twelve months is around 1.16%, less than SCHZ's 4.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHX Schwab U.S. Large-Cap ETF	1.16%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
SCHZ Schwab U.S. Aggregate Bond ETF	4.10%	4.05%	3.96%	3.28%	2.63%	2.16%	2.43%	2.79%	2.56%	2.40%	2.24%	2.11%

Drawdowns

SCHX vs. SCHZ - Drawdown Comparison

The maximum SCHX drawdown since its inception was -34.33%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for SCHX and SCHZ.

Drawdown Indicators

	SCHX	SCHZ	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-18.74%	-15.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-2.51%	-9.68%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-18.01%	-7.40%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	-18.74%	-15.59%
Current Drawdown Current decline from peak	-5.67%	-2.63%	-3.04%
Average Drawdown Average peak-to-trough decline	-4.00%	-3.70%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	0.88%	+1.74%

Volatility

SCHX vs. SCHZ - Volatility Comparison

Schwab U.S. Large-Cap ETF (SCHX) has a higher volatility of 5.36% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.66%. This indicates that SCHX's price experiences larger fluctuations and is considered to be riskier than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHX	SCHZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	1.66%	+3.70%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	2.50%	+7.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.33%	4.29%	+14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	6.06%	+11.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	5.40%	+12.73%