XHYD vs. SCHX

Last updated Jun 9, 2026

XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - XHYD is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 3 years, XHYD returned 7.51%/yr vs 21.40%/yr for SCHX. A 0.62 correlation means they provide meaningful diversification when combined. XHYD charges 0.35%/yr vs 0.03%/yr for SCHX.

Performance

XHYD vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) 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, XHYD achieves a 0.44% return, which is significantly lower than SCHX's 8.56% return.

XHYD

• 1D: 0.00%
• 1M: -0.75%
• YTD: 0.44%
• 6M: 0.97%
• 1Y: 5.22%
• 3Y*: 7.51%
• 5Y*: —
• 10Y*: —

SCHX

• 1D: 0.28%
• 1M: 0.45%
• YTD: 8.56%
• 6M: 8.52%
• 1Y: 24.19%
• 3Y*: 21.40%
• 5Y*: 12.87%
• 10Y*: 15.20%

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

XHYD vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	0.44%	8.33%	6.29%	11.75%	-5.80%
SCHX Schwab U.S. Large-Cap ETF	8.56%	17.46%	24.88%	26.84%	-12.11%

Correlation

The correlation between XHYD and SCHX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.62

Over the past year, the correlation between XHYD and SCHX has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

XHYD vs. SCHX - Sectors Allocation Comparison

Sectors	XHYD	SCHX
Consumer Defensive	29.7%	4.4%
Utilities	23.8%	2.5%
Consumer Cyclical	9.7%	9.7%
Financial Services	2.0%	9.9%
Industrials	1.8%	8.4%
Basic Materials	1.0%	1.8%
Communication Services	-	10.1%
Energy	-	3.2%
Healthcare	-	8.4%
Real Estate	-	2.0%
Technology	-	38.3%

Return for Risk

XHYD vs. SCHX — Risk / Return Rank

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

SCHX

SCHX Risk / Return Rank: 66
SCHX Sharpe Ratio Rank: 66
SCHX Sortino Ratio Rank: 64
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX 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.

XHYD vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) 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.

	XHYD	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.98	-0.43
Sortino ratio: Return per unit of downside risk	2.20	2.68	-0.48
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.36	2.69	-0.34
Martin ratio: Return relative to average drawdown	10.53	12.15	-1.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYD vs. SCHX - Sharpe Ratio Comparison

The current XHYD Sharpe Ratio is 1.55, which is comparable to the SCHX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of XHYD and SCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XHYD	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.98	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.84	-0.18

Drawdowns

XHYD vs. SCHX - Drawdown Comparison

The maximum XHYD drawdown since its inception was -11.02%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for XHYD and SCHX.

Drawdown Indicators

	XHYD	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-11.02%	-34.33%	+23.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-9.02%	+6.53%
Max Drawdown (3Y) Largest decline over 3 years	-3.70%	-19.04%	+15.34%
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	-1.08%	-2.64%	+1.56%
Average Drawdown Average peak-to-trough decline	-2.04%	-3.97%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.00%	-1.44%

Volatility

XHYD vs. SCHX - Volatility Comparison

The current volatility for BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) is 1.83%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 3.84%. This indicates that XHYD experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHYD	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	3.84%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	9.44%	-6.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	12.27%	-8.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.15%	17.16%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.15%	18.17%	-11.02%

XHYD vs. SCHX - Expense Ratio Comparison

XHYD has a 0.35% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

XHYD vs. SCHX - Dividend Comparison

XHYD has not paid dividends to shareholders, while SCHX's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	5.31%	5.83%	6.32%	5.80%	5.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XHYD and SCHX in my portfolio?

XHYD and SCHX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHYD or SCHX?

SCHX has higher volatility (3.84%) compared to XHYD (1.83%). In terms of maximum drawdown, XHYD dropped -11.02% vs SCHX's -34.33%.

Which ETF is better, XHYD or SCHX?

On 3-year performance, SCHX leads with 21.40% vs 7.51% for XHYD. On fees, SCHX is cheaper at 0.03% per year. On volatility, XHYD has been the lower-risk option at 1.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XHYD or SCHX?

Over the 3-year period, SCHX has performed better with a 21.40% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHYD or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.35% for XHYD.

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

XHYD has the higher dividend yield at 5.31%, compared with 1.03% for SCHX.

What is the main difference between XHYD and SCHX?

XHYD is categorized as High Yield Bonds, while SCHX is Large Cap Blend Equities. XHYD tracks ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: BondBloxx and Charles Schwab. Their fees differ too: 0.35% for XHYD and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (1.98 vs 1.55), 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.