VXF vs. SCHD

Last updated Jun 13, 2026

VXF (Vanguard Extended Market ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - VXF is a Mid Cap Blend Equities fund tracking the S&P Completion Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, VXF returned 12.32%/yr vs 12.91%/yr for SCHD. A 0.75 correlation means they provide meaningful diversification when combined. VXF charges 0.05%/yr vs 0.06%/yr for SCHD.

Performance

VXF vs. SCHD - Performance Comparison

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

Returns By Period

In the year-to-date period, VXF achieves a 14.37% return, which is significantly lower than SCHD's 20.66% return. Both investments have delivered pretty close results over the past 10 years, with VXF having a 12.32% annualized return and SCHD not far ahead at 12.91%.

VXF

• 1D: 0.44%
• 1M: 4.74%
• YTD: 14.37%
• 6M: 12.25%
• 1Y: 28.02%
• 3Y*: 18.67%
• 5Y*: 6.16%
• 10Y*: 12.32%

SCHD

• 1D: 0.89%
• 1M: 3.37%
• YTD: 20.66%
• 6M: 19.57%
• 1Y: 26.16%
• 3Y*: 14.90%
• 5Y*: 8.75%
• 10Y*: 12.91%

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

VXF vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VXF Vanguard Extended Market ETF	14.37%	11.40%	16.89%	25.51%	-26.52%	12.31%	32.45%	27.96%	-9.34%	18.06%
SCHD Schwab U.S. Dividend Equity ETF	20.66%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between VXF and SCHD is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
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 20, 2011	0.75

Over the past year, the correlation between VXF and SCHD has dropped to 0.50 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

VXF vs. SCHD - Sectors Allocation Comparison

Sectors	VXF	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%

Return for Risk

VXF vs. SCHD — Risk / Return Rank

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

VXF

VXF Risk / Return Rank: 56
VXF Sharpe Ratio Rank: 53
VXF Sortino Ratio Rank: 51
VXF Omega Ratio Rank: 49
VXF Calmar Ratio Rank: 63
VXF Martin Ratio Rank: 62

SCHD

SCHD Risk / Return Rank: 87
SCHD Sharpe Ratio Rank: 86
SCHD Sortino Ratio Rank: 90
SCHD Omega Ratio Rank: 83
SCHD Calmar Ratio Rank: 93
SCHD Martin Ratio Rank: 81

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.

VXF vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market ETF (VXF) 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.

	VXF	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.41	-0.83
Sortino ratio: Return per unit of downside risk	2.22	3.72	-1.50
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.76	5.70	-2.94
Martin ratio: Return relative to average drawdown	9.71	13.97	-4.26

VXF vs. SCHD - Sharpe Ratio Comparison

The current VXF Sharpe Ratio is 1.58, which is lower than the SCHD Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VXF 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.

Drawdowns

VXF vs. SCHD - Drawdown Comparison

The maximum VXF drawdown since its inception was -58.03%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VXF and SCHD.

Drawdown Indicators

	VXF	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-58.03%	-33.37%	-24.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-4.61%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-26.92%	-16.13%	-10.79%
Max Drawdown (5Y) Largest decline over 5 years	-36.39%	-16.85%	-19.54%
Max Drawdown (10Y) Largest decline over 10 years	-41.72%	-33.37%	-8.35%
Current Drawdown Current decline from peak	-0.61%	-0.03%	-0.58%
Average Drawdown Average peak-to-trough decline	-9.54%	-3.31%	-6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.89%	+1.01%

Volatility

VXF vs. SCHD - Volatility Comparison

Vanguard Extended Market ETF (VXF) has a higher volatility of 6.53% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.05%. This indicates that VXF'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.

Volatility by Period

	VXF	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	3.05%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	7.53%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	10.93%	+6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	14.38%	+8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	16.72%	+5.61%

VXF vs. SCHD - Expense Ratio Comparison

VXF has a 0.05% expense ratio, which is lower than SCHD's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VXF vs. SCHD - Dividend Comparison

VXF's dividend yield for the trailing twelve months is around 1.02%, less than SCHD's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.22%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
VXF Vanguard Extended Market ETF	1.02%	1.14%	1.09%	1.27%	1.15%	1.13%	1.07%	1.30%	1.66%	1.25%	1.43%	1.35%

Frequently Asked Questions

Can I hold both VXF and SCHD in my portfolio?

VXF and SCHD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VXF or SCHD?

VXF has higher volatility (6.53%) compared to SCHD (3.05%). In terms of maximum drawdown, VXF dropped -58.03% vs SCHD's -33.37%.

Which ETF is better, VXF or SCHD?

On 10-year performance, SCHD leads with 12.91% vs 12.32% for VXF. On fees, VXF is cheaper at 0.05% per year. On volatility, SCHD has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VXF or SCHD?

Over the 10-year period, SCHD has performed better with a 12.91% return vs 12.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VXF or SCHD?

VXF is cheaper with a 0.05% expense ratio, compared with 0.06% for SCHD.

Which ETF pays a higher dividend yield, VXF or SCHD?

SCHD has the higher dividend yield at 3.22%, compared with 1.02% for VXF.

What is the main difference between VXF and SCHD?

VXF is categorized as Mid Cap Blend Equities, while SCHD is Dividend. VXF tracks S&P Completion Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.05% for VXF and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.41 vs 1.58), 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.