USEW vs. SCHK

Last updated Jul 12, 2026

USEW (Cambria U.S. Equal Weight ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds. USEW is actively managed, while SCHK is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. USEW charges 0.25%/yr vs 0.03%/yr for SCHK.

Performance

USEW vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria U.S. Equal Weight ETF (USEW) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USEW achieves a 11.02% return, which is significantly lower than SCHK's 11.58% return.

USEW

• 1D: 0.29%
• 1M: 2.79%
• 6M: 8.79%
• YTD: 11.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHK

• 1D: 0.36%
• 1M: 2.00%
• 6M: 9.45%
• YTD: 11.58%
• 1Y: 22.27%
• 3Y*: 20.86%
• 5Y*: 12.43%
• 10Y*: —

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

USEW vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025
USEW Cambria U.S. Equal Weight ETF	11.02%	0.51%
SCHK Schwab 1000 Index ETF	11.58%	1.77%

Correlation

The correlation between USEW and SCHK is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.95

Return for Risk

USEW vs. SCHK — Risk / Return Rank

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

USEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHK

SCHK Risk / Return Rank: 65
SCHK Sharpe Ratio Rank: 65
SCHK Sortino Ratio Rank: 63
SCHK Omega Ratio Rank: 64
SCHK Calmar Ratio Rank: 61
SCHK Martin Ratio Rank: 72

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.

USEW vs. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria U.S. Equal Weight ETF (USEW) and Schwab 1000 Index ETF (SCHK). 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.

	USEW	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	10.66	—

Drawdowns

USEW vs. SCHK - Drawdown Comparison

The maximum USEW drawdown since its inception was -7.85%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for USEW and SCHK.

Drawdown Indicators

	USEW	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-7.85%	-34.80%	+26.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.44%	—
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.24%	-5.14%	+3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	USEW	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	12.82%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	17.34%	-4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	19.08%	-6.39%

USEW vs. SCHK - Expense Ratio Comparison

USEW has a 0.25% expense ratio, which is higher than SCHK'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

USEW vs. SCHK - Dividend Comparison

USEW's dividend yield for the trailing twelve months is around 0.55%, less than SCHK's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHK Schwab 1000 Index ETF	1.02%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%
USEW Cambria U.S. Equal Weight ETF	0.55%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USEW and SCHK in my portfolio?

With a correlation of 0.95, USEW and SCHK 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 ETF is better, USEW or SCHK?

On fees, SCHK is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USEW or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.25% for USEW.

Which ETF pays a higher dividend yield, USEW or SCHK?

SCHK has the higher dividend yield at 1.02%, compared with 0.55% for USEW.

What is the main difference between USEW and SCHK?

They also come from different issuers: Cambria and Charles Schwab. Their fees differ too: 0.25% for USEW and 0.03% for SCHK.