AFVLX vs. SWLVX

Last updated Aug 1, 2026

AFVLX (Applied Finance Select Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, AFVLX returned 9.45%/yr vs 11.69%/yr for SWLVX. Their correlation of 0.93 means they have usually moved in the same direction. AFVLX charges 1.48%/yr vs 0.04%/yr for SWLVX.

Performance

AFVLX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Select Fund (AFVLX) 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, AFVLX achieves a 13.02% return, which is significantly lower than SWLVX's 20.05% return.

AFVLX

• 1D: 0.84%
• 1M: 1.31%
• 6M: 10.84%
• YTD: 13.02%
• 1Y: 22.42%
• 3Y*: 12.76%
• 5Y*: 9.45%
• 10Y*: —
• ALL TIME*: 13.61%

SWLVX

• 1D: 0.46%
• 1M: 1.46%
• 6M: 14.82%
• YTD: 20.05%
• 1Y: 32.19%
• 3Y*: 17.67%
• 5Y*: 11.69%
• 10Y*: —
• ALL TIME*: 10.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFVLX Applied Finance Select Fund	$0.00	$0.00	$0.00
SWLVX Schwab U.S. Large-Cap Value Index Fund	$0.00	$0.00	$0.00

AFVLX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFVLX Applied Finance Select Fund	13.02%	13.12%	7.06%	19.43%	-10.88%	27.73%	15.33%	12.42%
SWLVX Schwab U.S. Large-Cap Value Index Fund	20.05%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	11.25%

Correlation

The correlation between AFVLX and SWLVX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019	0.93

The correlation between AFVLX and SWLVX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

AFVLX vs. SWLVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFVLX

AFVLX Risk / Return Rank: 69
AFVLX Sharpe Ratio Rank: 69
AFVLX Sortino Ratio Rank: 67
AFVLX Omega Ratio Rank: 62
AFVLX Calmar Ratio Rank: 74
AFVLX Martin Ratio Rank: 75

SWLVX

SWLVX Risk / Return Rank: 94
SWLVX Sharpe Ratio Rank: 95
SWLVX Sortino Ratio Rank: 93
SWLVX Omega Ratio Rank: 89
SWLVX Calmar Ratio Rank: 96
SWLVX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFVLX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Select Fund (AFVLX) 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.

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.

	AFVLX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.59	-0.98
Sortino ratio: Return per unit of downside risk	2.28	3.63	-1.35
Omega ratio: Gain probability vs. loss probability	1.28	1.47	-0.19
Calmar ratio: Return relative to maximum drawdown	2.41	4.33	-1.92
Martin ratio: Return relative to average drawdown	9.09	18.59	-9.49

AFVLX vs. SWLVX - Sharpe Ratio Comparison

The current AFVLX Sharpe Ratio is 1.61, which is lower than the SWLVX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of AFVLX 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.

Drawdowns

AFVLX vs. SWLVX - Drawdown Comparison

The maximum AFVLX drawdown since its inception was -36.29%, smaller than the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for AFVLX and SWLVX.

Drawdown Indicators

	AFVLX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.29%	-38.34%	+2.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-6.82%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.74%	-15.61%	-2.13%
Max Drawdown (5Y) Largest decline over 5 years	-20.12%	-19.05%	-1.07%
Current Drawdown Current decline from peak	-0.45%	-0.56%	+0.11%
Average Drawdown Average peak-to-trough decline	-4.66%	-4.76%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.60%	+0.63%

Volatility

AFVLX vs. SWLVX - Volatility Comparison

Applied Finance Select Fund (AFVLX) has a higher volatility of 3.15% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 2.94%. This indicates that AFVLX'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

	AFVLX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	2.94%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	8.77%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	11.42%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	14.86%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	18.46%	+1.65%

AFVLX vs. SWLVX - Expense Ratio Comparison

AFVLX has a 1.48% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

AFVLX vs. SWLVX - Dividend Comparison

AFVLX's dividend yield for the trailing twelve months is around 3.31%, more than SWLVX's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AFVLX Applied Finance Select Fund	3.31%	3.74%	3.80%	1.18%	1.02%	2.11%	1.09%	0.68%	0.00%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.68%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%

Frequently Asked Questions

Can I hold both AFVLX and SWLVX in my portfolio?

AFVLX and SWLVX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFVLX or SWLVX?

AFVLX has higher volatility (3.15%) compared to SWLVX (2.94%). In terms of maximum drawdown, AFVLX dropped -36.29% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.59 vs 1.61), 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.