SCHX vs. XLG

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab U.S. Large-Cap ETF (SCHX) and Invesco S&P 500 Top 50 ETF (XLG).

SCHX and XLG 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. XLG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Top 50 Index. It was launched on May 4, 2005. Both SCHX and XLG 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. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap ETF (SCHX) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

SCHX vs. XLG - 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%
XLG Invesco S&P 500 Top 50 ETF	-7.18%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%

Returns By Period

In the year-to-date period, SCHX achieves a -3.70% return, which is significantly higher than XLG's -7.18% return. Over the past 10 years, SCHX has underperformed XLG with an annualized return of 14.02%, while XLG has yielded a comparatively higher 15.72% 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%

XLG

• 1D: 0.70%
• 1M: -3.74%
• YTD: -7.18%
• 6M: -4.55%
• 1Y: 19.62%
• 3Y*: 21.92%
• 5Y*: 13.96%
• 10Y*: 15.72%

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

SCHX vs. XLG - Expense Ratio Comparison

SCHX has a 0.03% expense ratio, which is lower than XLG's 0.20% 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%.

XLG

Invesco S&P 500 Top 50 ETF

SCHX

Schwab U.S. Large-Cap ETF

Return for Risk

SCHX vs. XLG — 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

XLG

XLG Risk / Return Rank: 57
XLG Sharpe Ratio Rank: 53
XLG Sortino Ratio Rank: 57
XLG Omega Ratio Rank: 58
XLG Calmar Ratio Rank: 62
XLG Martin Ratio Rank: 56

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. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) and Invesco S&P 500 Top 50 ETF (XLG). 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	XLG	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.99	-0.01
Sortino ratio Return per unit of downside risk	1.50	1.54	-0.04
Omega ratio Gain probability vs. loss probability	1.23	1.22	0.00
Calmar ratio Return relative to maximum drawdown	1.51	1.63	-0.12
Martin ratio Return relative to average drawdown	7.02	5.71	+1.31
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. XLG - Sharpe Ratio Comparison

The current SCHX Sharpe Ratio is 0.98, which is comparable to the XLG Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of SCHX and XLG, 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	XLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.99	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.75	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.84	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.59	+0.22

Correlation

The correlation between SCHX and XLG is 0.95, 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.

Dividends

SCHX vs. XLG - Dividend Comparison

SCHX's dividend yield for the trailing twelve months is around 1.16%, more than XLG's 0.70% 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%
XLG Invesco S&P 500 Top 50 ETF	0.70%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Drawdowns

SCHX vs. XLG - Drawdown Comparison

The maximum SCHX drawdown since its inception was -34.33%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for SCHX and XLG.

Drawdown Indicators

	SCHX	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-52.39%	+18.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-12.41%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-28.02%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	-30.46%	-3.87%
Current Drawdown Current decline from peak	-5.67%	-8.93%	+3.26%
Average Drawdown Average peak-to-trough decline	-4.00%	-7.69%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.54%	-0.92%

Volatility

SCHX vs. XLG - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap ETF (SCHX) is 5.36%, while Invesco S&P 500 Top 50 ETF (XLG) has a volatility of 5.82%. This indicates that SCHX experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHX	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	5.82%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	10.65%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.33%	19.97%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	18.68%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	18.81%	-0.68%