WCAP vs. SCHX

Last updated Jul 30, 2026

WCAP (WarCap Unconstrained Equity ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds. WCAP is actively managed, while SCHX is passively managed. Their correlation of 0.81 means they have usually moved in the same direction. WCAP charges 1.00%/yr vs 0.03%/yr for SCHX.

Performance

WCAP vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WarCap Unconstrained Equity ETF (WCAP) 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, WCAP achieves a -10.09% return, which is significantly lower than SCHX's 9.29% return.

WCAP

• 1D: -1.71%
• 1M: -6.43%
• 6M: -8.96%
• YTD: -10.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SCHX

• 1D: 1.53%
• 1M: -0.61%
• 6M: 7.42%
• YTD: 9.29%
• 1Y: 17.71%
• 3Y*: 18.90%
• 5Y*: 12.05%
• 10Y*: 14.85%
• ALL TIME*: 14.48%

*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	$255.27M	$276.16M	$373.20M
WCAP WarCap Unconstrained Equity ETF	$192.07K	$142.51K	$80.15K

WCAP vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025
WCAP WarCap Unconstrained Equity ETF	-10.09%	-2.03%
SCHX Schwab U.S. Large-Cap ETF	9.29%	4.70%

Correlation

The correlation between WCAP and SCHX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.81

Return for Risk

WCAP vs. SCHX — Risk / Return Rank

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

WCAP

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

SCHX

SCHX Risk / Return Rank: 63
SCHX Sharpe Ratio Rank: 62
SCHX Sortino Ratio Rank: 60
SCHX Omega Ratio Rank: 60
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 71

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.

WCAP vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WarCap Unconstrained Equity ETF (WCAP) 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.

	WCAP	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	1.93	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.97	—
Martin ratio: Return relative to average drawdown	—	8.30	—

Drawdowns

WCAP vs. SCHX - Drawdown Comparison

The maximum WCAP drawdown since its inception was -15.90%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for WCAP and SCHX.

Drawdown Indicators

	WCAP	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-34.33%	+18.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-13.15%	-1.98%	-11.17%
Average Drawdown Average peak-to-trough decline	-7.19%	-3.95%	-3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	WCAP	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	12.92%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	17.24%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	18.15%	-2.15%

WCAP vs. SCHX - Expense Ratio Comparison

WCAP has a 1.00% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

WCAP vs. SCHX - Dividend Comparison

WCAP's dividend yield for the trailing twelve months is around 0.04%, less than SCHX's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHX Schwab U.S. Large-Cap ETF	1.04%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
WCAP WarCap Unconstrained Equity ETF	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCAP and SCHX in my portfolio?

WCAP and SCHX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCAP or SCHX?

On fees, SCHX 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, WCAP or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 1.00% for WCAP.

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

SCHX has the higher dividend yield at 1.04%, compared with 0.04% for WCAP.

What is the main difference between WCAP and SCHX?

They also come from different issuers: WarCap and Charles Schwab. Their fees differ too: 1.00% for WCAP and 0.03% for SCHX.