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SCHB vs. VOO

Schwab U.S. Broad Market ETF

SCHB
$--
vs

Vanguard S&P 500 ETF

VOO
$--

Correlation

1.00
SCHBSchwab U.S. Broad Market ETF
VOOVanguard S&P 500 ETF

What is SCHB?

The fund offers diversified exposure across large- and small-cap U.S. stocks. It seeks investment results that track performance before fees and expenses of the approximately 2500-stock Dow Jones U.S. Broad Stock Market Index?.

Snapshot
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SCHB Schwab U.S. Broad Market ETF
VOO Vanguard S&P 500 ETF
Inception date
Nov 03 2009
Sep 07 2010
Expense ratio
0.03%
0.03%
SCHB and VOO have the same expense ratio, meaning it’s equally as costly to invest in either one.
Type
US Equities
US Equities
SCHB targets investing in US Equities, while VOO targets investing in US Equities.
Fund owner
Schwab
Vanguard
SCHB is managed by Schwab, while VOO is managed by Vanguard.
Volume (1m avg. daily)
$35,304,784
$1,621,694,598
Both SCHB and VOO are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$22,376,795,984
$325,714,712,538
SCHB has more assets under management than VOO by $303,337,916,554. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Dow Jones U.S. Broad Stock Market Index
S&P 500 Index
SCHB is based off of the Dow Jones U.S. Broad Stock Market Index, while VOO is based off of the S&P 500 Index
Inverse/Leveraged
No
No
SCHB and VOO use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SCHB and VOO both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SCHB and VOO may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SCHB nor VOO require a K1.
SCHB and VOO’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toSCHB

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toVOO

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.