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SCHX vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHX vs. XSVM

Last updated Jun 13, 2026

SCHX (Schwab U.S. Large-Cap ETF) and XSVM (Invesco S&P SmallCap Value with Momentum 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 XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, SCHX returned 15.35%/yr vs 13.23%/yr for XSVM. A 0.74 correlation means they provide meaningful diversification when combined. SCHX charges 0.03%/yr vs 0.37%/yr for XSVM.

Performance

SCHX vs. XSVM - 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 SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHX achieves a 8.86% return, which is significantly lower than XSVM's 21.88% return. Over the past 10 years, SCHX has outperformed XSVM with an annualized return of 15.35%, while XSVM has yielded a comparatively lower 13.23% annualized return.

SCHX

1D
0.48%
1M
-0.68%
YTD
8.86%
6M
9.10%
1Y
25.11%
3Y*
20.84%
5Y*
12.76%
10Y*
15.35%

XSVM

1D
1.17%
1M
5.46%
YTD
21.88%
6M
18.48%
1Y
42.01%
3Y*
16.38%
5Y*
7.44%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHX vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHX
Schwab U.S. Large-Cap ETF		8.86%17.46%24.88%26.84%-19.41%26.81%20.81%31.22%-4.66%21.95%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		21.88%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between SCHX and XSVM is 0.61, 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

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.74

The correlation between SCHX and XSVM shifts across timeframes, from 0.61 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

SCHX vs. XSVM - Sectors Allocation Comparison

Sectors
SCHX
XSVM

Technology

38.3%
7.8%

Communication Services

10.1%
2.9%

Financial Services

9.9%
38.8%

Consumer Cyclical

9.7%
17.0%

Industrials

8.4%
6.7%

Healthcare

8.4%
1.4%

Consumer Defensive

4.4%
7.3%

Energy

3.2%
9.9%

Utilities

2.5%
1.3%

Real Estate

2.0%
5.0%

Basic Materials

1.8%
1.9%

Technology

SCHX
38.3%
XSVM
7.8%

Communication Services

SCHX
10.1%
XSVM
2.9%

Financial Services

SCHX
9.9%
XSVM
38.8%

Consumer Cyclical

SCHX
9.7%
XSVM
17.0%

Industrials

SCHX
8.4%
XSVM
6.7%

Healthcare

SCHX
8.4%
XSVM
1.4%

Consumer Defensive

SCHX
4.4%
XSVM
7.3%

Energy

SCHX
3.2%
XSVM
9.9%

Utilities

SCHX
2.5%
XSVM
1.3%

Real Estate

SCHX
2.0%
XSVM
5.0%

Basic Materials

SCHX
1.8%
XSVM
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab U.S. Large-Cap ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with SCHX:
SCHX vs. VOOSCHX vs. SWPPXSCHX vs. SCHGSCHX vs. SCHBSCHX vs. SCHDSCHX vs. SPYSCHX vs. FNDX
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

SCHX vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHX
SCHX Risk / Return Rank: 6666
Overall Rank
SCHX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SCHX Sortino Ratio Rank: 6565
Sortino Ratio Rank
SCHX Omega Ratio Rank: 6767
Omega Ratio Rank
SCHX Calmar Ratio Rank: 6161
Calmar Ratio Rank
SCHX Martin Ratio Rank: 7272
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7676
Overall Rank
XSVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
XSVM Omega Ratio Rank: 7272
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7373
Martin Ratio Rank
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. XSVM - 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 SmallCap Value with Momentum ETF (XSVM). 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.

SCHXXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.91
2.09

-0.19

Sortino ratioReturn per unit of downside risk
2.58
3.00

-0.41

Omega ratioGain probability vs. loss probability

1.34

1.37

-0.02

Calmar ratioReturn relative to maximum drawdown

2.63

3.86

-1.23

Martin ratioReturn relative to average drawdown

11.65

11.98

-0.34

SCHX vs. XSVM - Sharpe Ratio Comparison

The current SCHX Sharpe Ratio is 1.91, which is comparable to the XSVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SCHX and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHX vs. XSVM - Drawdown Comparison

The maximum SCHX drawdown since its inception was -34.33%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for SCHX and XSVM.

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Drawdown Indicators

SCHXXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-34.33%

-62.57%

+28.24%

Max Drawdown (1Y)

Largest decline over 1 year

-9.02%

-10.08%

+1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.04%

-26.21%

+7.17%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-26.21%

+0.80%

Max Drawdown (10Y)

Largest decline over 10 years

-34.33%

-49.02%

+14.69%

Current Drawdown

Current decline from peak

-2.37%

0.00%

-2.37%

Average Drawdown

Average peak-to-trough decline

-3.96%

-11.55%

+7.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

3.26%

-1.22%

Volatility

SCHX vs. XSVM - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap ETF (SCHX) is 4.47%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 5.09%. This indicates that SCHX experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHXXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

5.09%

-0.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.71%

12.03%

-2.32%

Volatility (1Y)

Calculated over the trailing 1-year period

12.47%

18.60%

-6.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.19%

22.61%

-5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.17%

25.08%

-6.91%

SCHX vs. XSVM - Expense Ratio Comparison

SCHX has a 0.03% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

SCHX vs. XSVM - Dividend Comparison

SCHX's dividend yield for the trailing twelve months is around 1.02%, less than XSVM's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.74%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

SCHX and XSVM have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.09%) compared to SCHX (4.47%). In terms of maximum drawdown, SCHX dropped -34.33% vs XSVM's -62.57%.

On 10-year performance, SCHX leads with 15.35% vs 13.23% for XSVM. On fees, SCHX is cheaper at 0.03% per year. On volatility, SCHX has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHX has performed better with a 15.35% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHX is cheaper with a 0.03% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.74%, compared with 1.02% for SCHX.

SCHX is categorized as Large Cap Blend Equities, while XSVM is Momentum. SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.03% for SCHX and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.09 vs 1.91), 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.

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