SMBS vs. SCHX
Compare and contrast key facts about Schwab Mortgage-Backed Securities ETF (SMBS) and Schwab U.S. Large-Cap ETF (SCHX).
SMBS and SCHX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMBS is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US MBS Float Adjusted Total Return Index. It was launched on Nov 18, 2024. 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. Both SMBS and SCHX 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
SMBS vs. SCHX - Performance Comparison
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SMBS vs. SCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMBS Schwab Mortgage-Backed Securities ETF | 0.47% | 8.15% | -0.07% |
SCHX Schwab U.S. Large-Cap ETF | -3.70% | 17.46% | -0.61% |
Returns By Period
In the year-to-date period, SMBS achieves a 0.47% return, which is significantly higher than SCHX's -3.70% return.
SMBS
- 1D
- 0.11%
- 1M
- -1.15%
- YTD
- 0.47%
- 6M
- 1.88%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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SMBS vs. SCHX - Expense Ratio Comparison
Both SMBS and SCHX 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%.
Return for Risk
SMBS vs. SCHX — Risk / Return Rank
SMBS
SCHX
SMBS vs. SCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Mortgage-Backed Securities ETF (SMBS) and Schwab U.S. Large-Cap ETF (SCHX). 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.
| SMBS | SCHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.98 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.50 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.51 | +0.42 |
Martin ratioReturn relative to average drawdown | 5.53 | 7.02 | -1.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMBS | SCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.98 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.80 | +0.48 |
Correlation
The correlation between SMBS and SCHX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMBS vs. SCHX - Dividend Comparison
SMBS's dividend yield for the trailing twelve months is around 4.82%, more than SCHX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMBS Schwab Mortgage-Backed Securities ETF | 4.82% | 4.83% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
SMBS vs. SCHX - Drawdown Comparison
The maximum SMBS drawdown since its inception was -3.20%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SMBS and SCHX.
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Drawdown Indicators
| SMBS | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -34.33% | +31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -12.19% | +9.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.33% | — |
Current DrawdownCurrent decline from peak | -1.56% | -5.67% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -4.00% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.62% | -1.63% |
Volatility
SMBS vs. SCHX - Volatility Comparison
The current volatility for Schwab Mortgage-Backed Securities ETF (SMBS) is 1.83%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 5.36%. This indicates that SMBS experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMBS | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 5.36% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 9.67% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 18.33% | -13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 17.13% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 18.13% | -13.22% |