ATGAX vs. SWMCX

Last updated Jun 3, 2026

ATGAX (Aquila Opportunity Growth Fund) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. At a correlation of -1.00, they often move in opposite directions. ATGAX charges 1.50%/yr vs 0.04%/yr for SWMCX.

Performance

ATGAX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aquila Opportunity Growth Fund (ATGAX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ATGAX

• 1D: 0.85%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWMCX

• 1D: 0.12%
• 1M: 3.20%
• YTD: 11.95%
• 6M: 12.64%
• 1Y: 22.41%
• 3Y*: 17.19%
• 5Y*: 8.07%
• 10Y*: —

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

ATGAX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)
ATGAX Aquila Opportunity Growth Fund	0.87%
SWMCX Schwab U.S. Mid-Cap Index Fund	0.31%

Correlation

The correlation between ATGAX and SWMCX is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-1.00

Return for Risk

ATGAX vs. SWMCX — Risk / Return Rank

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

SWMCX

SWMCX Risk / Return Rank: 40
SWMCX Sharpe Ratio Rank: 33
SWMCX Sortino Ratio Rank: 33
SWMCX Omega Ratio Rank: 31
SWMCX Calmar Ratio Rank: 52
SWMCX Martin Ratio Rank: 52

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.

ATGAX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aquila Opportunity Growth Fund (ATGAX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ATGAX	SWMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	30.24	0.52	+29.72

Drawdowns

ATGAX vs. SWMCX - Drawdown Comparison

The maximum ATGAX drawdown since its inception was 0.00%, smaller than the maximum SWMCX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for ATGAX and SWMCX.

Drawdown Indicators

	ATGAX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-40.34%	+40.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-6.64%	+6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.12%	—

Volatility

Volatility by Period

	ATGAX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	13.44%	-4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.31%	18.25%	-8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.31%	20.64%	-11.33%

ATGAX vs. SWMCX - Expense Ratio Comparison

ATGAX has a 1.50% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

ATGAX vs. SWMCX - Dividend Comparison

ATGAX has not paid dividends to shareholders, while SWMCX's dividend yield for the trailing twelve months is around 1.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.90%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%

Frequently Asked Questions

Can I hold both ATGAX and SWMCX in my portfolio?

ATGAX and SWMCX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.