ADVGX vs. SWLVX

Last updated Jun 4, 2026

ADVGX (North Square Advisory Research Small Cap Value Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, ADVGX returned 9.77%/yr vs 10.43%/yr for SWLVX. Their correlation of 0.89 suggests significant overlap in exposure. ADVGX charges 0.95%/yr vs 0.04%/yr for SWLVX.

Performance

ADVGX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square Advisory Research Small Cap Value Fund (ADVGX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVGX achieves a 11.42% return, which is significantly lower than SWLVX's 14.27% return.

ADVGX

• 1D: -0.20%
• 1M: 7.28%
• YTD: 11.42%
• 6M: 12.87%
• 1Y: 27.39%
• 3Y*: 17.96%
• 5Y*: 9.77%
• 10Y*: 11.61%

SWLVX

• 1D: 0.81%
• 1M: 4.26%
• YTD: 14.27%
• 6M: 14.87%
• 1Y: 28.30%
• 3Y*: 18.58%
• 5Y*: 10.43%
• 10Y*: —

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

ADVGX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADVGX North Square Advisory Research Small Cap Value Fund	11.42%	7.13%	15.52%	20.90%	-12.98%	29.94%	-2.61%	27.64%	-3.27%	0.44%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.27%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between ADVGX and SWLVX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.89

The correlation between ADVGX and SWLVX shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ADVGX vs. SWLVX — Risk / Return Rank

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

ADVGX

ADVGX Risk / Return Rank: 27
ADVGX Sharpe Ratio Rank: 29
ADVGX Sortino Ratio Rank: 30
ADVGX Omega Ratio Rank: 26
ADVGX Calmar Ratio Rank: 29
ADVGX Martin Ratio Rank: 20

SWLVX

SWLVX Risk / Return Rank: 83
SWLVX Sharpe Ratio Rank: 84
SWLVX Sortino Ratio Rank: 81
SWLVX Omega Ratio Rank: 75
SWLVX Calmar Ratio Rank: 88
SWLVX Martin Ratio Rank: 90

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.

ADVGX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Advisory Research Small Cap Value Fund (ADVGX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	ADVGX	SWLVX	Difference
Sharpe ratio Return per unit of total volatility	1.55	2.70	-1.15
Sortino ratio Return per unit of downside risk	2.29	3.81	-1.52
Omega ratio Gain probability vs. loss probability	1.27	1.49	-0.22
Calmar ratio Return relative to maximum drawdown	2.01	4.28	-2.27
Martin ratio Return relative to average drawdown	5.34	17.99	-12.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADVGX vs. SWLVX - Sharpe Ratio Comparison

The current ADVGX Sharpe Ratio is 1.55, which is lower than the SWLVX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of ADVGX and SWLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADVGX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.70	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.71	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.57	+0.01

Drawdowns

ADVGX vs. SWLVX - Drawdown Comparison

The maximum ADVGX drawdown since its inception was -41.34%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for ADVGX and SWLVX.

Drawdown Indicators

	ADVGX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-41.34%	-38.34%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-14.92%	-6.82%	-8.10%
Max Drawdown (3Y) Largest decline over 3 years	-27.69%	-15.61%	-12.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-19.05%	-8.64%
Max Drawdown (10Y) Largest decline over 10 years	-41.34%	—	—
Current Drawdown Current decline from peak	-0.81%	0.00%	-0.81%
Average Drawdown Average peak-to-trough decline	-5.57%	-4.84%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	1.62%	+3.98%

Volatility

ADVGX vs. SWLVX - Volatility Comparison

North Square Advisory Research Small Cap Value Fund (ADVGX) has a higher volatility of 6.24% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 3.09%. This indicates that ADVGX's price experiences larger fluctuations and is considered to be riskier than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVGX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	3.09%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	8.19%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	19.36%	10.79%	+8.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	14.86%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	18.56%	+2.50%

ADVGX vs. SWLVX - Expense Ratio Comparison

ADVGX has a 0.95% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

ADVGX vs. SWLVX - Dividend Comparison

ADVGX's dividend yield for the trailing twelve months is around 5.10%, more than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVGX North Square Advisory Research Small Cap Value Fund	5.10%	5.68%	1.16%	0.85%	6.87%	7.52%	11.47%	11.43%	41.46%	9.66%	7.34%	19.79%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.77%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADVGX and SWLVX in my portfolio?

ADVGX and SWLVX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVGX or SWLVX?

ADVGX has higher volatility (6.24%) compared to SWLVX (3.09%). In terms of maximum drawdown, ADVGX dropped -41.34% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.70 vs 1.55), 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.