SCHX vs. SIXA

Last updated Jul 15, 2026

SCHX (Schwab U.S. Large-Cap ETF) and SIXA (6 Meridian Mega Cap Equity ETF) are both Large Cap Blend Equities funds. SCHX is passively managed, while SIXA is actively managed. Over the past 5 years, SCHX returned 12.57%/yr vs 12.50%/yr for SIXA. Their correlation of 0.80 suggests significant overlap in exposure. SCHX charges 0.03%/yr vs 0.86%/yr for SIXA.

Performance

SCHX vs. SIXA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap ETF (SCHX) and 6 Meridian Mega Cap Equity ETF (SIXA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHX achieves a 10.71% return, which is significantly lower than SIXA's 13.49% return.

SCHX

• 1D: 0.34%
• 1M: 1.71%
• 6M: 8.69%
• YTD: 10.71%
• 1Y: 21.07%
• 3Y*: 20.16%
• 5Y*: 12.57%
• 10Y*: 15.06%

SIXA

• 1D: -0.73%
• 1M: -0.26%
• 6M: 11.49%
• YTD: 13.49%
• 1Y: 17.81%
• 3Y*: 19.96%
• 5Y*: 12.50%
• 10Y*: —

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

SCHX vs. SIXA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SCHX Schwab U.S. Large-Cap ETF	10.71%	17.46%	24.88%	26.84%	-19.41%	26.81%	32.04%
SIXA 6 Meridian Mega Cap Equity ETF	13.49%	15.52%	22.70%	11.98%	-5.72%	23.87%	19.04%

Correlation

The correlation between SCHX and SIXA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since May 11, 2020	0.80

Over the past year, the correlation between SCHX and SIXA has dropped to 0.54 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

SCHX vs. SIXA - Sectors Allocation Comparison

Sectors	SCHX	SIXA
Technology	38.3%	19.2%
Financial Services	11.1%	7.7%
Communication Services	10.3%	13.9%
Consumer Cyclical	9.8%	3.9%
Industrials	8.6%	6.5%
Healthcare	8.4%	14.5%
Consumer Defensive	4.4%	23.2%
Energy	3.2%	4.8%
Utilities	2.1%	5.0%
Real Estate	2.0%	1.3%
Basic Materials	1.8%	-

Return for Risk

SCHX vs. SIXA — Risk / Return Rank

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

SCHX

SCHX Risk / Return Rank: 63
SCHX Sharpe Ratio Rank: 64
SCHX Sortino Ratio Rank: 62
SCHX Omega Ratio Rank: 63
SCHX Calmar Ratio Rank: 59
SCHX Martin Ratio Rank: 70

SIXA

SIXA Risk / Return Rank: 80
SIXA Sharpe Ratio Rank: 80
SIXA Sortino Ratio Rank: 85
SIXA Omega Ratio Rank: 76
SIXA Calmar Ratio Rank: 77
SIXA Martin Ratio Rank: 80

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. SIXA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) and 6 Meridian Mega Cap Equity ETF (SIXA). 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.

	SCHX	SIXA	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.01	-0.34
Sortino ratio: Return per unit of downside risk	2.31	3.02	-0.71
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.35	3.20	-0.86
Martin ratio: Return relative to average drawdown	10.05	12.13	-2.08

SCHX vs. SIXA - Sharpe Ratio Comparison

The current SCHX Sharpe Ratio is 1.67, which is comparable to the SIXA Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of SCHX and SIXA, 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

SCHX vs. SIXA - Drawdown Comparison

The maximum SCHX drawdown since its inception was -34.33%, which is greater than SIXA's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for SCHX and SIXA.

Drawdown Indicators

	SCHX	SIXA	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-18.38%	-15.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-5.59%	-3.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.04%	-11.22%	-7.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-18.38%	-7.03%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.73%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.95%	-2.95%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.47%	+0.63%

Volatility

SCHX vs. SIXA - Volatility Comparison

Schwab U.S. Large-Cap ETF (SCHX) has a higher volatility of 3.70% compared to 6 Meridian Mega Cap Equity ETF (SIXA) at 2.35%. This indicates that SCHX's price experiences larger fluctuations and is considered to be riskier than SIXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHX	SIXA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	2.35%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	6.94%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	8.89%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	12.78%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	13.28%	+4.86%

SCHX vs. SIXA - Expense Ratio Comparison

SCHX has a 0.03% expense ratio, which is lower than SIXA's 0.86% expense ratio.

Dividends

SCHX vs. SIXA - Dividend Comparison

SCHX's dividend yield for the trailing twelve months is around 1.02%, less than SIXA's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHX Schwab U.S. Large-Cap ETF	1.02%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
SIXA 6 Meridian Mega Cap Equity ETF	2.02%	2.31%	1.62%	2.12%	2.23%	1.63%	1.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCHX and SIXA in my portfolio?

SCHX and SIXA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHX or SIXA?

SCHX has higher volatility (3.70%) compared to SIXA (2.35%). In terms of maximum drawdown, SCHX dropped -34.33% vs SIXA's -18.38%.

Which ETF is better, SCHX or SIXA?

On 5-year performance, SCHX leads with 12.57% vs 12.50% for SIXA. On fees, SCHX is cheaper at 0.03% per year. On volatility, SIXA has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHX or SIXA?

Over the 5-year period, SCHX has performed better with a 12.57% return vs 12.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHX or SIXA?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.86% for SIXA.

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

SIXA has the higher dividend yield at 2.02%, compared with 1.02% for SCHX.

What is the main difference between SCHX and SIXA?

They also come from different issuers: Charles Schwab and Exchange Traded Concepts. Their fees differ too: 0.03% for SCHX and 0.86% for SIXA.

Which has better risk-adjusted returns?

SIXA currently has the higher Sharpe Ratio (2.01 vs 1.67), 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.