AVLVX vs. SWLVX

Last updated Jun 5, 2026

AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 3 years, AVLVX returned 23.63%/yr vs 18.55%/yr for SWLVX. Their correlation of 0.94 suggests significant overlap in exposure. AVLVX charges 0.15%/yr vs 0.04%/yr for SWLVX.

Performance

AVLVX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) 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, AVLVX achieves a 21.68% return, which is significantly higher than SWLVX's 14.21% return.

AVLVX

• 1D: -0.05%
• 1M: 4.96%
• YTD: 21.68%
• 6M: 22.92%
• 1Y: 41.20%
• 3Y*: 23.63%
• 5Y*: —
• 10Y*: —

SWLVX

• 1D: -0.05%
• 1M: 3.11%
• YTD: 14.21%
• 6M: 14.80%
• 1Y: 28.75%
• 3Y*: 18.55%
• 5Y*: 10.33%
• 10Y*: —

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

AVLVX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	21.68%	15.23%	16.93%	16.75%	8.38%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.21%	15.87%	14.36%	11.45%	6.56%

Correlation

The correlation between AVLVX and SWLVX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022	0.94

The correlation between AVLVX and SWLVX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

AVLVX vs. SWLVX — Risk / Return Rank

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

AVLVX

AVLVX Risk / Return Rank: 93
AVLVX Sharpe Ratio Rank: 94
AVLVX Sortino Ratio Rank: 91
AVLVX Omega Ratio Rank: 85
AVLVX Calmar Ratio Rank: 97
AVLVX Martin Ratio Rank: 97

SWLVX

SWLVX Risk / Return Rank: 81
SWLVX Sharpe Ratio Rank: 80
SWLVX Sortino Ratio Rank: 77
SWLVX Omega Ratio Rank: 72
SWLVX Calmar Ratio Rank: 86
SWLVX Martin Ratio Rank: 89

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.

AVLVX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) 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.

	AVLVX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	3.28	2.63	+0.65
Sortino ratio: Return per unit of downside risk	4.54	3.71	+0.82
Omega ratio: Gain probability vs. loss probability	1.59	1.48	+0.11
Calmar ratio: Return relative to maximum drawdown	6.76	4.16	+2.60
Martin ratio: Return relative to average drawdown	27.08	17.49	+9.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVLVX vs. SWLVX - Sharpe Ratio Comparison

The current AVLVX Sharpe Ratio is 3.28, which is comparable to the SWLVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of AVLVX 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

	AVLVX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.28	2.63	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.57	+0.66

Drawdowns

AVLVX vs. SWLVX - Drawdown Comparison

The maximum AVLVX drawdown since its inception was -19.51%, smaller than the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for AVLVX and SWLVX.

Drawdown Indicators

	AVLVX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-19.51%	-38.34%	+18.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	-6.82%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-15.61%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.05%	—
Current Drawdown Current decline from peak	-0.05%	-0.05%	0.00%
Average Drawdown Average peak-to-trough decline	-3.20%	-4.84%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.62%	-0.12%

Volatility

AVLVX vs. SWLVX - Volatility Comparison

Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) has a higher volatility of 3.40% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 3.01%. This indicates that AVLVX'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

	AVLVX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.01%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	8.15%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	10.80%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	14.86%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	18.55%	-2.00%

AVLVX vs. SWLVX - Expense Ratio Comparison

AVLVX has a 0.15% expense ratio, which is higher than SWLVX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVLVX vs. SWLVX - Dividend Comparison

AVLVX's dividend yield for the trailing twelve months is around 2.72%, more than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.72%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both AVLVX and SWLVX in my portfolio?

With a correlation of 0.93, AVLVX and SWLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVLVX or SWLVX?

AVLVX has higher volatility (3.40%) compared to SWLVX (3.01%). In terms of maximum drawdown, AVLVX dropped -19.51% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

AVLVX currently has the higher Sharpe Ratio (3.28 vs 2.63), 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.