UNCRY vs. SCHA

Last updated Jul 17, 2026

UNCRY (UniCredit SpA ADR) is a stock, while SCHA (Schwab U.S. Small-Cap ETF) is Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index. Over the past 5 years, UNCRY returned 61.66%/yr vs 8.40%/yr for SCHA. At a 0.43 correlation, their price movements are largely independent.

Performance

UNCRY vs. SCHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UniCredit SpA ADR (UNCRY) and Schwab U.S. Small-Cap ETF (SCHA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNCRY achieves a 16.33% return, which is significantly lower than SCHA's 20.77% return.

UNCRY

• 1D: 1.12%
• 1M: 4.57%
• 6M: 15.64%
• YTD: 16.33%
• 1Y: 46.60%
• 3Y*: 64.13%
• 5Y*: 61.66%
• 10Y*: —

SCHA

• 1D: -0.78%
• 1M: -1.30%
• 6M: 12.51%
• YTD: 20.77%
• 1Y: 34.13%
• 3Y*: 16.46%
• 5Y*: 8.40%
• 10Y*: 10.84%

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

UNCRY vs. SCHA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UNCRY UniCredit SpA ADR	16.33%	118.78%	57.92%	103.38%	-2.49%	71.06%	-37.52%	30.84%	-40.77%	-1.23%
SCHA Schwab U.S. Small-Cap ETF	20.77%	11.60%	11.16%	18.46%	-19.81%	16.45%	19.34%	26.50%	-11.79%	-0.50%

Correlation

The correlation between UNCRY and SCHA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.43

Return for Risk

UNCRY vs. SCHA — Risk / Return Rank

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

UNCRY

UNCRY Risk / Return Rank: 79
UNCRY Sharpe Ratio Rank: 83
UNCRY Sortino Ratio Rank: 79
UNCRY Omega Ratio Rank: 77
UNCRY Calmar Ratio Rank: 76
UNCRY Martin Ratio Rank: 79

SCHA

SCHA Risk / Return Rank: 74
SCHA Sharpe Ratio Rank: 70
SCHA Sortino Ratio Rank: 71
SCHA Omega Ratio Rank: 63
SCHA Calmar Ratio Rank: 84
SCHA Martin Ratio Rank: 82

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.

UNCRY vs. SCHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UniCredit SpA ADR (UNCRY) and Schwab U.S. Small-Cap ETF (SCHA). 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.

	UNCRY	SCHA	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.81	-0.41
Sortino ratio: Return per unit of downside risk	2.02	2.59	-0.58
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	1.72	3.61	-1.89
Martin ratio: Return relative to average drawdown	4.85	12.59	-7.75

UNCRY vs. SCHA - Sharpe Ratio Comparison

The current UNCRY Sharpe Ratio is 1.40, which is comparable to the SCHA Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of UNCRY and SCHA, 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

UNCRY vs. SCHA - Drawdown Comparison

The maximum UNCRY drawdown since its inception was -70.20%, which is greater than SCHA's maximum drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for UNCRY and SCHA.

Drawdown Indicators

	UNCRY	SCHA	Difference
Max Drawdown Largest peak-to-trough decline	-70.20%	-42.41%	-27.79%
Max Drawdown (1Y) Largest decline over 1 year	-27.25%	-9.50%	-17.75%
Max Drawdown (3Y) Largest decline over 3 years	-27.25%	-27.29%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-50.77%	-30.79%	-19.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.41%	—
Current Drawdown Current decline from peak	-0.86%	-5.20%	+4.34%
Average Drawdown Average peak-to-trough decline	-27.17%	-7.54%	-19.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	2.72%	+6.92%

Volatility

UNCRY vs. SCHA - Volatility Comparison

UniCredit SpA ADR (UNCRY) has a higher volatility of 8.71% compared to Schwab U.S. Small-Cap ETF (SCHA) at 5.98%. This indicates that UNCRY's price experiences larger fluctuations and is considered to be riskier than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNCRY	SCHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	5.98%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	28.57%	14.41%	+14.16%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	18.97%	+14.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.24%	22.07%	+17.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.15%	22.73%	+19.42%

Dividends

UNCRY vs. SCHA - Dividend Comparison

UNCRY's dividend yield for the trailing twelve months is around 3.85%, more than SCHA's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHA Schwab U.S. Small-Cap ETF	1.04%	1.26%	1.51%	1.42%	1.37%	1.19%	1.05%	1.39%	1.58%	1.24%	1.50%	1.48%
UNCRY UniCredit SpA ADR	3.85%	4.00%	7.31%	3.91%	4.01%	0.94%	0.00%	1.37%	2.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNCRY and SCHA in my portfolio?

UNCRY and SCHA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UNCRY or SCHA?

UNCRY has higher volatility (8.71%) compared to SCHA (5.98%). In terms of maximum drawdown, UNCRY dropped -70.20% vs SCHA's -42.41%.

Which has better risk-adjusted returns?

SCHA currently has the higher Sharpe Ratio (1.81 vs 1.40), 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.