SNXFX vs. DGRO

Last updated Jul 15, 2026

SNXFX (Schwab 1000 Index Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, SNXFX returned 14.82%/yr vs 13.16%/yr for DGRO. Their correlation of 0.89 suggests significant overlap in exposure. SNXFX charges 0.05%/yr vs 0.08%/yr for DGRO.

Performance

SNXFX vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1000 Index Fund (SNXFX) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SNXFX having a 10.72% return and DGRO slightly higher at 11.23%. Over the past 10 years, SNXFX has outperformed DGRO with an annualized return of 14.82%, while DGRO has yielded a comparatively lower 13.16% annualized return.

SNXFX

• 1D: -0.80%
• 1M: 1.19%
• 6M: 8.56%
• YTD: 10.72%
• 1Y: 21.01%
• 3Y*: 19.96%
• 5Y*: 12.30%
• 10Y*: 14.82%

DGRO

• 1D: -0.89%
• 1M: 1.24%
• 6M: 8.84%
• YTD: 11.23%
• 1Y: 20.47%
• 3Y*: 16.57%
• 5Y*: 10.85%
• 10Y*: 13.16%

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

SNXFX vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNXFX Schwab 1000 Index Fund	10.72%	17.23%	24.46%	26.53%	-19.46%	26.10%	20.71%	31.43%	-5.04%	21.71%
DGRO iShares Core Dividend Growth ETF	11.23%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between SNXFX and DGRO is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.89

Over the past year, the correlation between SNXFX and DGRO has dropped to 0.63 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

SNXFX vs. DGRO - Sectors Allocation Comparison

Sectors	SNXFX	DGRO
Technology	38.1%	22.0%
Financial Services	11.2%	20.6%
Communication Services	10.1%	0.1%
Consumer Cyclical	9.8%	5.4%
Industrials	8.9%	10.4%
Healthcare	8.4%	16.5%
Consumer Defensive	4.3%	11.1%
Energy	3.2%	5.1%
Utilities	2.1%	6.4%
Real Estate	2.0%	-
Basic Materials	1.9%	2.4%

Return for Risk

SNXFX vs. DGRO — Risk / Return Rank

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

SNXFX

SNXFX Risk / Return Rank: 59
SNXFX Sharpe Ratio Rank: 56
SNXFX Sortino Ratio Rank: 52
SNXFX Omega Ratio Rank: 53
SNXFX Calmar Ratio Rank: 61
SNXFX Martin Ratio Rank: 71

DGRO

DGRO Risk / Return Rank: 83
DGRO Sharpe Ratio Rank: 85
DGRO Sortino Ratio Rank: 87
DGRO Omega Ratio Rank: 83
DGRO Calmar Ratio Rank: 77
DGRO Martin Ratio Rank: 81

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.

SNXFX vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index Fund (SNXFX) and iShares Core Dividend Growth ETF (DGRO). 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.

	SNXFX	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.16	-0.49
Sortino ratio: Return per unit of downside risk	2.30	3.14	-0.84
Omega ratio: Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	2.39	3.18	-0.79
Martin ratio: Return relative to average drawdown	10.42	12.28	-1.86

SNXFX vs. DGRO - Sharpe Ratio Comparison

The current SNXFX Sharpe Ratio is 1.67, which is comparable to the DGRO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SNXFX and DGRO, 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

SNXFX vs. DGRO - Drawdown Comparison

The maximum SNXFX drawdown since its inception was -55.08%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SNXFX and DGRO.

Drawdown Indicators

	SNXFX	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-55.08%	-35.10%	-19.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-6.47%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-14.03%	-5.18%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-19.31%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-34.58%	-35.10%	+0.52%
Current Drawdown Current decline from peak	-1.04%	-1.39%	+0.35%
Average Drawdown Average peak-to-trough decline	-8.74%	-3.42%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.67%	+0.37%

Volatility

SNXFX vs. DGRO - Volatility Comparison

Schwab 1000 Index Fund (SNXFX) has a higher volatility of 4.03% compared to iShares Core Dividend Growth ETF (DGRO) at 2.63%. This indicates that SNXFX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNXFX	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	2.63%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	7.00%	+3.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	9.53%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	13.80%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	16.57%	+2.15%

SNXFX vs. DGRO - Expense Ratio Comparison

SNXFX has a 0.05% expense ratio, which is lower than DGRO's 0.08% 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%.

Dividends

SNXFX vs. DGRO - Dividend Comparison

SNXFX's dividend yield for the trailing twelve months is around 1.31%, less than DGRO's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.93%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
SNXFX Schwab 1000 Index Fund	1.31%	1.45%	1.23%	1.41%	1.61%	1.74%	2.76%	3.01%	6.49%	4.23%	3.41%	6.31%

Frequently Asked Questions

Can I hold both SNXFX and DGRO in my portfolio?

SNXFX and DGRO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNXFX or DGRO?

SNXFX has higher volatility (4.03%) compared to DGRO (2.63%). In terms of maximum drawdown, SNXFX dropped -55.08% vs DGRO's -35.10%.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.16 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.