XLG vs. SCHF

Last updated Jul 26, 2026

XLG (Invesco S&P 500 Top 50 ETF) and SCHF (Schwab International Equity ETF) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 10 years, XLG returned 16.25%/yr vs 10.07%/yr for SCHF. Their 0.76 correlation means they have sometimes moved together and sometimes differently. XLG charges 0.20%/yr vs 0.06%/yr for SCHF.

Performance

XLG vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Top 50 ETF (XLG) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLG achieves a 1.55% return, which is significantly lower than SCHF's 13.16% return. Over the past 10 years, XLG has outperformed SCHF with an annualized return of 16.25%, while SCHF has yielded a comparatively lower 10.07% annualized return.

XLG

• 1D: -0.22%
• 1M: 0.71%
• 6M: 2.67%
• YTD: 1.55%
• 1Y: 12.21%
• 3Y*: 19.71%
• 5Y*: 13.16%
• 10Y*: 16.25%
• ALL TIME*: 11.26%

SCHF

• 1D: -0.15%
• 1M: -2.17%
• 6M: 7.52%
• YTD: 13.16%
• 1Y: 24.42%
• 3Y*: 17.56%
• 5Y*: 9.82%
• 10Y*: 10.07%
• ALL TIME*: 7.75%

*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)
SCHF Schwab International Equity ETF	$203.16M	$207.38M	$210.77M
XLG Invesco S&P 500 Top 50 ETF	$60.47M	$91.92M	$104.94M

XLG vs. SCHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLG Invesco S&P 500 Top 50 ETF	1.55%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%
SCHF Schwab International Equity ETF	13.16%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-14.29%	26.03%

Correlation

The correlation between XLG and SCHF is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.76

The correlation between XLG and SCHF shifts across timeframes, from 0.63 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.

XLG vs. SCHF - Sectors Allocation Comparison

Sectors	XLG	SCHF
Technology	49.5%	16.4%
Communication Services	13.5%	2.5%
Consumer Cyclical	10.0%	6.5%
Financial Services	9.7%	25.5%
Healthcare	6.6%	7.1%
Consumer Defensive	5.0%	5.3%
Industrials	2.9%	14.2%
Energy	2.2%	5.2%
Utilities	0.8%	3.2%
Basic Materials	0.6%	6.5%
Real Estate	-	2.0%

Return for Risk

XLG vs. SCHF — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 34
XLG Sharpe Ratio Rank: 36
XLG Sortino Ratio Rank: 34
XLG Omega Ratio Rank: 34
XLG Calmar Ratio Rank: 31
XLG Martin Ratio Rank: 34

SCHF

SCHF Risk / Return Rank: 62
SCHF Sharpe Ratio Rank: 61
SCHF Sortino Ratio Rank: 59
SCHF Omega Ratio Rank: 61
SCHF Calmar Ratio Rank: 61
SCHF Martin Ratio Rank: 65

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.

XLG vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) and Schwab International Equity ETF (SCHF). 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.

	XLG	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.42	-0.54
Sortino ratio: Return per unit of downside risk	1.28	2.00	-0.72
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.10
Calmar ratio: Return relative to maximum drawdown	1.02	2.13	-1.10
Martin ratio: Return relative to average drawdown	3.29	7.94	-4.65

XLG vs. SCHF - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 0.88, which is lower than the SCHF Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XLG and SCHF, 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

XLG vs. SCHF - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for XLG and SCHF.

Drawdown Indicators

	XLG	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-34.87%	-17.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-11.48%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-13.41%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-29.14%	+1.12%
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	-34.87%	+4.41%
Current Drawdown Current decline from peak	-6.96%	-3.84%	-3.12%
Average Drawdown Average peak-to-trough decline	-7.62%	-7.34%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.07%	+0.77%

Volatility

XLG vs. SCHF - Volatility Comparison

The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 4.47%, while Schwab International Equity ETF (SCHF) has a volatility of 4.77%. This indicates that XLG experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLG	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	4.77%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	15.23%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	17.16%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	16.64%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	17.02%	+1.87%

XLG vs. SCHF - Expense Ratio Comparison

XLG has a 0.20% expense ratio, which is higher than SCHF's 0.06% 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

XLG vs. SCHF - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, less than SCHF's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHF Schwab International Equity ETF	3.12%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XLG and SCHF in my portfolio?

XLG and SCHF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLG or SCHF?

SCHF has higher volatility (4.77%) compared to XLG (4.47%). In terms of maximum drawdown, XLG dropped -52.39% vs SCHF's -34.87%.

Which ETF is better, XLG or SCHF?

On 10-year performance, XLG leads with 16.25% vs 10.07% for SCHF. On fees, SCHF is cheaper at 0.06% per year. On volatility, XLG has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLG or SCHF?

Over the 10-year period, XLG has performed better with a 16.25% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLG or SCHF?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.20% for XLG.

Which ETF pays a higher dividend yield, XLG or SCHF?

SCHF has the higher dividend yield at 3.12%, compared with 0.66% for XLG.

What is the main difference between XLG and SCHF?

XLG is categorized as S&P 500, while SCHF is Foreign Large Cap Equities. XLG tracks S&P 500 Top 50 Index, while SCHF tracks FTSE Developed ex U.S. Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.20% for XLG and 0.06% for SCHF.

Which has better risk-adjusted returns?

SCHF currently has the higher Sharpe Ratio (1.42 vs 0.88), 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.