TILT vs. SCHX

Last updated Aug 2, 2026

TILT (FlexShares Morningstar US Market Factor Tilt Index Fund) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds - TILT tracks the Morningstar US Market Factor Tilt Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, TILT returned 13.76%/yr vs 15.00%/yr for SCHX. Their correlation of 0.93 means they have usually moved in the same direction. TILT charges 0.25%/yr vs 0.03%/yr for SCHX.

Performance

TILT vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TILT achieves a 11.94% return, which is significantly higher than SCHX's 10.00% return. Over the past 10 years, TILT has underperformed SCHX with an annualized return of 13.76%, while SCHX has yielded a comparatively higher 15.00% annualized return.

TILT

• 1D: 0.48%
• 1M: 0.57%
• 6M: 9.63%
• YTD: 11.94%
• 1Y: 24.72%
• 3Y*: 17.95%
• 5Y*: 11.57%
• 10Y*: 13.76%
• ALL TIME*: 14.47%

SCHX

• 1D: 0.65%
• 1M: 0.14%
• 6M: 8.67%
• YTD: 10.00%
• 1Y: 20.88%
• 3Y*: 19.25%
• 5Y*: 12.20%
• 10Y*: 15.00%
• ALL TIME*: 14.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHX Schwab U.S. Large-Cap ETF	$249.37M	$278.95M	$371.79M
TILT FlexShares Morningstar US Market Factor Tilt Index Fund	$630.91K	$1.40M	$1.78M

TILT vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TILT FlexShares Morningstar US Market Factor Tilt Index Fund	11.94%	16.59%	19.88%	24.70%	-17.25%	27.61%	16.05%	29.01%	-8.93%	18.33%
SCHX Schwab U.S. Large-Cap ETF	10.00%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%

Correlation

The correlation between TILT and SCHX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011	0.93

The correlation between TILT and SCHX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

TILT vs. SCHX - Sectors Allocation Comparison

Sectors	TILT	SCHX
Technology	29.8%	36.7%
Financial Services	16.3%	11.7%
Consumer Cyclical	10.5%	9.6%
Industrials	9.9%	9.4%
Healthcare	9.8%	9.2%
Communication Services	8.0%	9.7%
Consumer Defensive	4.6%	4.6%
Energy	3.9%	3.1%
Real Estate	2.9%	2.1%
Utilities	2.3%	2.2%
Basic Materials	2.1%	1.8%

Return for Risk

TILT vs. SCHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TILT

TILT Risk / Return Rank: 78
TILT Sharpe Ratio Rank: 78
TILT Sortino Ratio Rank: 77
TILT Omega Ratio Rank: 77
TILT Calmar Ratio Rank: 76
TILT Martin Ratio Rank: 84

SCHX

SCHX Risk / Return Rank: 64
SCHX Sharpe Ratio Rank: 64
SCHX Sortino Ratio Rank: 61
SCHX Omega Ratio Rank: 62
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TILT vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) 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.

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.

	TILT	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.47	+0.32
Sortino ratio: Return per unit of downside risk	2.49	2.04	+0.44
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	2.68	2.10	+0.58
Martin ratio: Return relative to average drawdown	11.54	8.86	+2.68

TILT vs. SCHX - Sharpe Ratio Comparison

The current TILT Sharpe Ratio is 1.79, which is comparable to the SCHX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of TILT and SCHX, 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

TILT vs. SCHX - Drawdown Comparison

The maximum TILT drawdown since its inception was -38.46%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for TILT and SCHX.

Drawdown Indicators

	TILT	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-38.46%	-34.33%	-4.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-9.02%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-19.04%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.12%	-25.41%	+1.29%
Max Drawdown (10Y) Largest decline over 10 years	-38.46%	-34.33%	-4.13%
Current Drawdown Current decline from peak	-0.36%	-1.34%	+0.98%
Average Drawdown Average peak-to-trough decline	-4.19%	-3.95%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.14%	-0.17%

Volatility

TILT vs. SCHX - Volatility Comparison

The current volatility for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) is 3.08%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 3.39%. This indicates that TILT 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.

Volatility by Period

	TILT	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.39%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	10.11%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	12.93%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	17.23%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	18.15%	+0.55%

TILT vs. SCHX - Expense Ratio Comparison

TILT has a 0.25% expense ratio, which is higher than SCHX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TILT vs. SCHX - Dividend Comparison

TILT's dividend yield for the trailing twelve months is around 1.07%, more than SCHX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
TILT FlexShares Morningstar US Market Factor Tilt Index Fund	1.07%	1.15%	1.23%	1.44%	1.60%	1.16%	1.49%	1.54%	1.97%	1.55%	1.60%	1.98%

Frequently Asked Questions

Can I hold both TILT and SCHX in my portfolio?

With a correlation of 0.96, TILT and SCHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TILT or SCHX?

SCHX has higher volatility (3.39%) compared to TILT (3.08%). In terms of maximum drawdown, TILT dropped -38.46% vs SCHX's -34.33%.

Which ETF is better, TILT or SCHX?

On 10-year performance, SCHX leads with 15.00% vs 13.76% for TILT. On fees, SCHX is cheaper at 0.03% per year. On volatility, TILT has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TILT or SCHX?

Over the 10-year period, SCHX has performed better with a 15.00% return vs 13.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TILT or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.25% for TILT.

Which ETF pays a higher dividend yield, TILT or SCHX?

TILT has the higher dividend yield at 1.07%, compared with 1.03% for SCHX.

What is the main difference between TILT and SCHX?

TILT tracks Morningstar US Market Factor Tilt Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: FlexShares and Charles Schwab. Their fees differ too: 0.25% for TILT and 0.03% for SCHX.

Which has better risk-adjusted returns?

TILT currently has the higher Sharpe Ratio (1.79 vs 1.47), 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.