XLG vs. SCHX

Last updated Jun 24, 2026

XLG (Invesco S&P 500 Top 50 ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, 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 10 years, XLG returned 16.94%/yr vs 15.47%/yr for SCHX. With a 0.95 correlation, they move nearly in lockstep. XLG charges 0.20%/yr vs 0.03%/yr for SCHX.

Performance

XLG vs. SCHX - 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 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, XLG achieves a 1.60% return, which is significantly lower than SCHX's 8.04% return. Over the past 10 years, XLG has outperformed SCHX with an annualized return of 16.94%, while SCHX has yielded a comparatively lower 15.47% annualized return.

XLG

• 1D: -1.88%
• 1M: -5.41%
• YTD: 1.60%
• 6M: 0.73%
• 1Y: 19.95%
• 3Y*: 21.35%
• 5Y*: 14.28%
• 10Y*: 16.94%

SCHX

• 1D: -1.29%
• 1M: -1.16%
• YTD: 8.04%
• 6M: 7.00%
• 1Y: 23.07%
• 3Y*: 20.75%
• 5Y*: 12.44%
• 10Y*: 15.47%

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

XLG vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLG Invesco S&P 500 Top 50 ETF	1.60%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%
SCHX Schwab U.S. Large-Cap ETF	8.04%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%

Correlation

The correlation between XLG and SCHX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.95

The correlation between XLG and SCHX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

XLG vs. SCHX - Sectors Allocation Comparison

Sectors	XLG	SCHX
Technology	46.8%	37.8%
Communication Services	16.0%	9.8%
Consumer Cyclical	11.2%	9.4%
Financial Services	9.0%	10.4%
Healthcare	7.0%	8.5%
Consumer Defensive	5.2%	4.5%
Energy	2.4%	3.1%
Industrials	1.9%	8.8%
Basic Materials	0.6%	1.8%
Real Estate	-	2.0%
Utilities	-	2.6%

Return for Risk

XLG vs. SCHX — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 39
XLG Sharpe Ratio Rank: 42
XLG Sortino Ratio Rank: 40
XLG Omega Ratio Rank: 41
XLG Calmar Ratio Rank: 33
XLG Martin Ratio Rank: 38

SCHX

SCHX Risk / Return Rank: 56
SCHX Sharpe Ratio Rank: 56
SCHX Sortino Ratio Rank: 54
SCHX Omega Ratio Rank: 55
SCHX Calmar Ratio Rank: 54
SCHX Martin Ratio Rank: 64

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. SCHX - 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 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.

	XLG	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.84	-0.40
Sortino ratio: Return per unit of downside risk	1.98	2.51	-0.53
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	1.61	2.57	-0.95
Martin ratio: Return relative to average drawdown	5.77	11.26	-5.48

XLG vs. SCHX - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 1.44, which is comparable to the SCHX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of XLG 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.

Drawdowns

XLG vs. SCHX - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for XLG and SCHX.

Drawdown Indicators

	XLG	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-34.33%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-9.02%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-19.04%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-25.41%	-2.61%
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	-34.33%	+3.87%
Current Drawdown Current decline from peak	-6.91%	-3.11%	-3.80%
Average Drawdown Average peak-to-trough decline	-7.63%	-3.96%	-3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.05%	+1.41%

Volatility

XLG vs. SCHX - Volatility Comparison

Invesco S&P 500 Top 50 ETF (XLG) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 5.04% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLG	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.89%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	9.94%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	12.65%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	17.23%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	18.16%	+0.72%

XLG vs. SCHX - Expense Ratio Comparison

XLG has a 0.20% expense ratio, which is higher than SCHX's 0.03% 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. SCHX - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, less than SCHX's 1.03% yield.

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%
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 SCHX in my portfolio?

With a correlation of 0.92, XLG and SCHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XLG or SCHX?

XLG has higher volatility (5.04%) compared to SCHX (4.89%). In terms of maximum drawdown, XLG dropped -52.39% vs SCHX's -34.33%.

Which ETF is better, XLG or SCHX?

On 10-year performance, XLG leads with 16.94% vs 15.47% for SCHX. On fees, SCHX is cheaper at 0.03% per year. On volatility, SCHX has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLG or SCHX?

Over the 10-year period, XLG has performed better with a 16.94% return vs 15.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLG or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.20% for XLG.

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

SCHX has the higher dividend yield at 1.03%, compared with 0.66% for XLG.

What is the main difference between XLG and SCHX?

XLG is categorized as S&P 500, while SCHX is Large Cap Blend Equities. XLG tracks S&P 500 Top 50 Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.20% for XLG and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (1.84 vs 1.44), 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.