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VEXAX vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEXAX vs. SCHD

Last updated Jun 4, 2026

VEXAX (Vanguard Extended Market Index Fund Admiral Shares) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - VEXAX is a Mid Cap Blend Equities fund managed by Vanguard, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, VEXAX returned 12.19%/yr vs 12.77%/yr for SCHD. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.

Performance

VEXAX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEXAX achieves a 14.93% return, which is significantly lower than SCHD's 19.01% return. Both investments have delivered pretty close results over the past 10 years, with VEXAX having a 12.19% annualized return and SCHD not far ahead at 12.77%.

VEXAX

1D
1.07%
1M
5.80%
YTD
14.93%
6M
13.66%
1Y
30.14%
3Y*
20.14%
5Y*
6.91%
10Y*
12.19%

SCHD

1D
0.00%
1M
2.70%
YTD
19.01%
6M
18.63%
1Y
27.16%
3Y*
15.09%
5Y*
8.36%
10Y*
12.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEXAX vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEXAX
Vanguard Extended Market Index Fund Admiral Shares		14.93%11.42%15.47%26.95%-26.46%12.45%32.22%28.03%-9.37%18.11%
SCHD
Schwab U.S. Dividend Equity ETF		19.01%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Correlation

The correlation between VEXAX and SCHD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.75

Over the past year, the correlation between VEXAX and SCHD has dropped to 0.49 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

VEXAX vs. SCHD - Sectors Allocation Comparison

Sectors
VEXAX
SCHD

Technology

19.8%
16.4%

Industrials

19.3%
7.5%

Financial Services

14.6%
9.3%

Healthcare

13.3%
18.8%

Consumer Cyclical

9.7%
6.3%

Real Estate

6.0%

-

Energy

5.1%
16.2%

Basic Materials

4.2%
1.2%

Communication Services

3.3%
6.3%

Consumer Defensive

2.7%
19.2%

Utilities

2.0%
0.0%

Technology

VEXAX
19.8%
SCHD
16.4%

Industrials

VEXAX
19.3%
SCHD
7.5%

Financial Services

VEXAX
14.6%
SCHD
9.3%

Healthcare

VEXAX
13.3%
SCHD
18.8%

Consumer Cyclical

VEXAX
9.7%
SCHD
6.3%

Real Estate

VEXAX
6.0%
SCHD

-

Energy

VEXAX
5.1%
SCHD
16.2%

Basic Materials

VEXAX
4.2%
SCHD
1.2%

Communication Services

VEXAX
3.3%
SCHD
6.3%

Consumer Defensive

VEXAX
2.7%
SCHD
19.2%

Utilities

VEXAX
2.0%
SCHD
0.0%

Compare stocks, funds, or ETFs

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Vanguard Extended Market Index Fund Admiral Shares

Schwab U.S. Dividend Equity ETF

Often compared with VEXAX:
VEXAX vs. VIMAXVEXAX vs. VIEIXVEXAX vs. VOOVEXAX vs. VEMAXVEXAX vs. VTIVEXAX vs. VINIXVEXAX vs. VASVX
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

VEXAX vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEXAX
VEXAX Risk / Return Rank: 4747
Overall Rank
VEXAX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
VEXAX Sortino Ratio Rank: 3939
Sortino Ratio Rank
VEXAX Omega Ratio Rank: 3636
Omega Ratio Rank
VEXAX Calmar Ratio Rank: 6666
Calmar Ratio Rank
VEXAX Martin Ratio Rank: 5555
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
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.

VEXAX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Admiral Shares (VEXAX) 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.

VEXAXSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.49

-0.62

Sortino ratioReturn per unit of downside risk
2.61
3.87

-1.26

Omega ratioGain probability vs. loss probability

1.32

1.45

-0.13

Calmar ratioReturn relative to maximum drawdown

3.13

5.91

-2.78

Martin ratioReturn relative to average drawdown

11.08

14.53

-3.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEXAX vs. SCHD - Sharpe Ratio Comparison

The current VEXAX Sharpe Ratio is 1.87, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of VEXAX and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VEXAXSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.49

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.58

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.77

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.86

-0.49

Drawdowns

VEXAX vs. SCHD - Drawdown Comparison

The maximum VEXAX drawdown since its inception was -58.08%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VEXAX and SCHD.

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Drawdown Indicators

VEXAXSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-58.08%

-33.37%

-24.71%

Max Drawdown (1Y)

Largest decline over 1 year

-10.25%

-4.61%

-5.64%

Max Drawdown (3Y)

Largest decline over 3 years

-26.84%

-16.13%

-10.71%

Max Drawdown (5Y)

Largest decline over 5 years

-36.33%

-16.85%

-19.48%

Max Drawdown (10Y)

Largest decline over 10 years

-41.62%

-33.37%

-8.25%

Current Drawdown

Current decline from peak

0.00%

-1.40%

+1.40%

Average Drawdown

Average peak-to-trough decline

-12.18%

-3.32%

-8.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

1.88%

+1.01%

Volatility

VEXAX vs. SCHD - Volatility Comparison

Vanguard Extended Market Index Fund Admiral Shares (VEXAX) has a higher volatility of 4.69% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that VEXAX'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.

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Volatility by Period

VEXAXSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

2.66%

+2.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.46%

7.66%

+4.80%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

10.96%

+6.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.34%

14.38%

+7.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.36%

16.72%

+5.64%

VEXAX vs. SCHD - Expense Ratio Comparison

Both VEXAX and SCHD have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEXAX vs. SCHD - Dividend Comparison

VEXAX's dividend yield for the trailing twelve months is around 1.01%, less than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
VEXAX
Vanguard Extended Market Index Fund Admiral Shares		1.01%1.14%1.09%1.25%1.15%1.13%1.07%1.30%1.66%1.25%1.43%1.35%

Frequently Asked Questions

VEXAX and SCHD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEXAX has higher volatility (4.69%) compared to SCHD (2.66%). In terms of maximum drawdown, VEXAX dropped -58.08% vs SCHD's -33.37%.

SCHD currently has the higher Sharpe Ratio (2.49 vs 1.87), 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.

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