ALVIX vs. SCHG
Compare and contrast key facts about American Century Investments Focused Large Cap Value Fund (ALVIX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
ALVIX is managed by American Century Investments. It was launched on Jul 30, 1999. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVIX or SCHG.
Key characteristics
| ALVIX | SCHG | |
|---|---|---|
| YTD Return | 4.47% | 10.35% |
| 1Y Return | 10.52% | 41.83% |
| 3Y Return (Ann) | 6.11% | 10.74% |
| 5Y Return (Ann) | 8.49% | 17.78% |
| 10Y Return (Ann) | 8.27% | 15.87% |
| Sharpe Ratio | 1.04 | 2.59 |
| Daily Std Dev | 9.27% | 15.89% |
| Max Drawdown | -59.66% | -34.59% |
| Current Drawdown | -2.09% | -2.00% |
Correlation
The correlation between ALVIX and SCHG is 0.76, 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
ALVIX vs. SCHG - Performance Comparison
In the year-to-date period, ALVIX achieves a 4.47% return, which is significantly lower than SCHG's 10.35% return. Over the past 10 years, ALVIX has underperformed SCHG with an annualized return of 8.27%, while SCHG has yielded a comparatively higher 15.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALVIX vs. SCHG - Expense Ratio Comparison
ALVIX has a 0.83% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
ALVIX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Large Cap Value Fund (ALVIX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
ALVIX vs. SCHG - Dividend Comparison
ALVIX's dividend yield for the trailing twelve months is around 3.57%, more than SCHG's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVIX American Century Investments Focused Large Cap Value Fund | 3.57% | 3.63% | 12.50% | 20.50% | 2.19% | 2.45% | 7.25% | 5.49% | 1.79% | 1.33% | 1.33% | 1.51% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.44% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 0.82% | 1.22% | 1.09% | 1.07% |
Drawdowns
ALVIX vs. SCHG - Drawdown Comparison
The maximum ALVIX drawdown since its inception was -59.66%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for ALVIX and SCHG. For additional features, visit the drawdowns tool.
Volatility
ALVIX vs. SCHG - Volatility Comparison
The current volatility for American Century Investments Focused Large Cap Value Fund (ALVIX) is 3.19%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.88%. This indicates that ALVIX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.