SCHX vs. SPY
Compare and contrast key facts about Schwab U.S. Large-Cap ETF (SCHX) and SPDR S&P 500 ETF (SPY).
SCHX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SCHX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHX or SPY.
Performance
SCHX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SCHX having a 25.34% return and SPY slightly lower at 24.40%. Over the past 10 years, SCHX has outperformed SPY with an annualized return of 14.79%, while SPY has yielded a comparatively lower 13.04% annualized return.
SCHX
25.34%
0.87%
12.25%
33.49%
16.83%
14.79%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| SCHX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.71 | 2.64 |
| Sortino Ratio | 3.62 | 3.53 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 3.93 | 3.81 |
| Martin Ratio | 17.65 | 17.21 |
| Ulcer Index | 1.90% | 1.86% |
| Daily Std Dev | 12.37% | 12.15% |
| Max Drawdown | -34.33% | -55.19% |
| Current Drawdown | -2.19% | -2.17% |
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SCHX vs. SPY - Expense Ratio Comparison
SCHX has a 0.03% 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%.
Correlation
The correlation between SCHX and SPY is 0.99, 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.
Risk-Adjusted Performance
SCHX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) 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.
Dividends
SCHX vs. SPY - Dividend Comparison
SCHX's dividend yield for the trailing twelve months is around 1.20%, which matches SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHX Schwab U.S. Large-Cap ETF | 1.20% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.92% | 2.04% | 1.76% | 1.65% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SCHX vs. SPY - Drawdown Comparison
The maximum SCHX drawdown since its inception was -34.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCHX and SPY. For additional features, visit the drawdowns tool.
Volatility
SCHX vs. SPY - Volatility Comparison
Schwab U.S. Large-Cap ETF (SCHX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.23% and 4.08%, 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.