^SPXEW vs. SCHD
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and Schwab US Dividend Equity ETF (SCHD).
SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or SCHD.
Correlation
The correlation between ^SPXEW and SCHD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SPXEW vs. SCHD - Performance Comparison
Key characteristics
^SPXEW:
1.19
SCHD:
1.20
^SPXEW:
1.69
SCHD:
1.76
^SPXEW:
1.21
SCHD:
1.21
^SPXEW:
1.90
SCHD:
1.69
^SPXEW:
6.06
SCHD:
5.86
^SPXEW:
2.27%
SCHD:
2.30%
^SPXEW:
11.57%
SCHD:
11.25%
^SPXEW:
-60.83%
SCHD:
-33.37%
^SPXEW:
-5.96%
SCHD:
-6.72%
Returns By Period
The year-to-date returns for both investments are quite close, with ^SPXEW having a 11.47% return and SCHD slightly higher at 11.54%. Over the past 10 years, ^SPXEW has underperformed SCHD with an annualized return of 8.09%, while SCHD has yielded a comparatively higher 10.86% annualized return.
^SPXEW
11.47%
-3.00%
6.66%
12.37%
8.82%
8.09%
SCHD
11.54%
-4.06%
7.86%
12.63%
10.97%
10.86%
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Risk-Adjusted Performance
^SPXEW vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and Schwab US 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.
Drawdowns
^SPXEW vs. SCHD - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and SCHD. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. SCHD - Volatility Comparison
S&P 500 Equal Weighted Index (^SPXEW) has a higher volatility of 4.09% compared to Schwab US Dividend Equity ETF (SCHD) at 3.88%. This indicates that ^SPXEW'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.