SPLG vs. SCHX
Compare and contrast key facts about SPDR Portfolio S&P 500 ETF (SPLG) and Schwab U.S. Large-Cap ETF (SCHX).
SPLG and SCHX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. 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 SPLG 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPLG or SCHX.
Key characteristics
| SPLG | SCHX | |
|---|---|---|
| YTD Return | 6.01% | 5.89% |
| 1Y Return | 22.69% | 23.36% |
| 3Y Return (Ann) | 8.05% | 7.16% |
| 5Y Return (Ann) | 13.42% | 13.20% |
| 10Y Return (Ann) | 12.55% | 12.31% |
| Sharpe Ratio | 1.95 | 1.96 |
| Daily Std Dev | 11.63% | 11.89% |
| Max Drawdown | -54.50% | -34.33% |
| Current Drawdown | -4.01% | -4.11% |
Correlation
The correlation between SPLG and SCHX is 0.89, 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.
Performance
SPLG vs. SCHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPLG having a 6.01% return and SCHX slightly lower at 5.89%. Both investments have delivered pretty close results over the past 10 years, with SPLG having a 12.55% annualized return and SCHX not far behind at 12.31%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPLG vs. SCHX - Expense Ratio Comparison
Both SPLG 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%.
Risk-Adjusted Performance
SPLG vs. SCHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 ETF (SPLG) 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.
Dividends
SPLG vs. SCHX - Dividend Comparison
SPLG's dividend yield for the trailing twelve months is around 1.40%, more than SCHX's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLG SPDR Portfolio S&P 500 ETF | 1.40% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
SCHX Schwab U.S. Large-Cap ETF | 1.35% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 2.39% | 2.04% | 1.76% | 1.65% |
Drawdowns
SPLG vs. SCHX - Drawdown Comparison
The maximum SPLG drawdown since its inception was -54.50%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SPLG and SCHX. For additional features, visit the drawdowns tool.
Volatility
SPLG vs. SCHX - Volatility Comparison
SPDR Portfolio S&P 500 ETF (SPLG) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 3.90% and 3.94%, 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.