EQTY vs SCHX
Kovitz Core Equity ETF vs Schwab US Large-Cap ETF
Which is better, EQTY or SCHX?
SCHX has been ahead.
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 42.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQTY | SCHX |
|---|---|---|
| Expense Ratio | 0.99% | 0.03%Best |
| AUM | $1.4B | $75.3B |
| Dividend Yield | 0.02% | 1.04% |
| Holdings | 39 | 752 |
| YTD Return | +8.78% | +13.08%Best |
| 1Y Return | +13.61% | +16.62%Best |
| 3Y Return (annualized) | +17.28% | +22.27%Best |
| 5Y Return (annualized) | - | +12.56% |
| Volatility (annualized) | 12.9% | 12.5%Best |
| Max Drawdown | -17.3%Best | -19.0% |
| $10,000 over 3.8 years | $17,972 | $20,165Best |
| Top 10 Weight | 42.4% | 36.9%Best |
| Fund Family | Kovitz Investment Group | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Nov 3, 2009 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 12, 2022 to Oct 14, 2026 (3.8 years).
EQTY vs SCHX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.8 years both funds cover.
EQTY vs SCHX Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year EQTY returned +13.61% while SCHX returned +16.62%. Year to date, EQTY is up 8.78% versus a gain of 13.08% for SCHX.
Over three years, EQTY compounded at +17.28% per year against +22.27% for SCHX. Across the full 4-year window we track, SCHX has the edge at +20.27% annualized vs +16.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.5% for SCHX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.3% for EQTY and -19.0% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQTY charges 0.99% per year while SCHX charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 1.04% for SCHX.
Holdings Overlap
93.0% of EQTY's money is in holdings SCHX also owns. 31.0% of SCHX's money is in holdings EQTY also owns.
Most of EQTY is already inside SCHX. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 38 positions we hold weights for in EQTY and 752 in SCHX, against full books of 39 and 752.
What only one of them owns
Our book lists 694 positions for SCHX that do not appear in our book for EQTY (68.2% of the fund), and 2 for EQTY that do not appear in SCHX (2.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EQTY | Weight in SCHX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.09% | 5.44% | 0.35% |
| AAPLApple, Inc | 1.72% | 6.90% | 5.18% |
| AMZNAmazon.Com Inc | 3.14% | 3.50% | 0.36% |
| GOOGAlphabet Inc. C | 4.01% | 2.29% | 1.72% |
| METAMeta Platforms Inc | 3.25% | 2.28% | 0.97% |
| VVisa Inc Class A | 4.50% | 0.87% | 3.63% |
| SCHWSchwab Strategic T | 4.57% | 0.22% | 4.35% |
| PMPhilip Morris International Inc. | 4.08% | 0.41% | 3.67% |
| WATWaters Corp. | 4.35% | 0.06% | 4.29% |
| ICEIntercontinental Exchange Grp Usd0.01 | 4.21% | 0.12% | 4.09% |
93.0% of EQTY is already inside SCHX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQTY or SCHX?
EQTY has an expense ratio of 0.99% while SCHX charges 0.03%. SCHX is the cheaper option, by $96 a year on a $10,000 investment.
Which performed better, EQTY or SCHX?
Over the past year EQTY returned +13.61% vs +16.62% for SCHX, so SCHX leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +16.68% vs +20.27% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or SCHX?
EQTY has been the more volatile fund at 12.9% annualized versus 12.5% for SCHX. Worst drawdown: EQTY -17.3% vs SCHX -19.0%.
Should I hold both EQTY and SCHX?
EQTY and SCHX have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EQTY and SCHX?
93.0% of EQTY's money is in holdings SCHX also owns. 31.0% of SCHX's is in holdings EQTY also owns. They hold 35 positions in common, counted across the 38 positions we hold weights for in EQTY and 752 in SCHX.
Which pays a higher dividend, EQTY or SCHX?
EQTY yields 0.02% while SCHX yields 1.04%, so SCHX currently pays the higher dividend yield.
Is SCHX better than EQTY?
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 42.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.