SPYGX vs. SCHD
SPYGX (Spyglass Growth Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - SPYGX is a Mid Cap Growth Equities fund managed by Spyglass Capital Management, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 5 years, SPYGX returned -0.50%/yr vs 9.66%/yr for SCHD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SPYGX charges 1.05%/yr vs 0.06%/yr for SCHD.
Performance
SPYGX vs. SCHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYGX achieves a -8.86% return, which is significantly lower than SCHD's 24.36% return.
SPYGX
- 1D
- 0.19%
- 1M
- -4.51%
- 6M
- 1.05%
- YTD
- -8.86%
- 1Y
- 1.05%
- 3Y*
- 19.03%
- 5Y*
- -0.50%
- 10Y*
- —
- ALL TIME*
- 11.02%
SCHD
- 1D
- 0.27%
- 1M
- 3.61%
- 6M
- 13.71%
- YTD
- 24.36%
- 1Y
- 31.89%
- 3Y*
- 14.88%
- 5Y*
- 9.66%
- 10Y*
- 12.70%
- ALL TIME*
- 13.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $806.58M | $724.91M | $690.35M | |
SPYGX Spyglass Growth Fund | $0.00 | $0.00 | $0.00 |
SPYGX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYGX Spyglass Growth Fund | -8.86% | 15.74% | 38.10% | 54.03% | -47.17% | -11.45% | 61.87% | 34.27% | 7.19% |
SCHD Schwab U.S. Dividend Equity ETF | 24.36% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -7.37% |
Correlation
The correlation between SPYGX and SCHD is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018 | 0.52 |
Over the past year, the correlation between SPYGX and SCHD has dropped to 0.11 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYGX vs. SCHD — Risk / Return Rank
SPYGX
SCHD
SPYGX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spyglass Growth Fund (SPYGX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| SPYGX | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.52 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 6.94 | -7.03 |
| Martin ratioReturn relative to average drawdown | -0.19 | 17.53 | -17.71 |
Loading charts...
Drawdowns
SPYGX vs. SCHD - Drawdown Comparison
The maximum SPYGX drawdown since its inception was -60.08%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPYGX and SCHD.
Loading charts...
Drawdown Indicators
| SPYGX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -33.37% | -26.71% |
Max Drawdown (1Y)Largest decline over 1 year | -30.05% | -4.61% | -25.44% |
Max Drawdown (3Y)Largest decline over 3 years | -32.90% | -16.13% | -16.77% |
Max Drawdown (5Y)Largest decline over 5 years | -59.08% | -16.85% | -42.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -12.44% | -0.97% | -11.47% |
Average DrawdownAverage peak-to-trough decline | -19.52% | -3.29% | -16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.37% | 1.82% | +11.55% |
Volatility
SPYGX vs. SCHD - Volatility Comparison
Spyglass Growth Fund (SPYGX) has a higher volatility of 5.81% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.82%. This indicates that SPYGX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYGX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 3.82% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 7.99% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 11.06% | +15.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.76% | 14.39% | +16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.17% | 16.73% | +12.44% |
SPYGX vs. SCHD - Expense Ratio Comparison
SPYGX has a 1.05% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
SPYGX vs. SCHD - Dividend Comparison
SPYGX has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.12% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SPYGX Spyglass Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 10.07% | 2.71% | 0.25% | 4.95% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYGX and SCHD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYGX has higher volatility (5.81%) compared to SCHD (3.82%). In terms of maximum drawdown, SPYGX dropped -60.08% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.90 vs -0.09), 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.
Find the right allocation for SPYGX and SCHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer