BDAFX vs. SWLGX

Last updated Apr 1, 2026

Compare and contrast key facts about Baron Durable Advantage Fund Retail Shares (BDAFX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).

BDAFX is an actively managed fund by Baron Capital Group. It was launched on Dec 29, 2017. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.

Performance

BDAFX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Durable Advantage Fund Retail Shares (BDAFX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). The values are adjusted to include any dividend payments, if applicable.

BDAFX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BDAFX Baron Durable Advantage Fund Retail Shares	-12.34%	16.25%	26.87%	45.11%	-24.99%	31.79%	20.11%	27.13%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	-13.06%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	21.32%

Returns By Period

In the year-to-date period, BDAFX achieves a -12.34% return, which is significantly higher than SWLGX's -13.06% return.

BDAFX

• 1D: -0.17%
• 1M: -8.90%
• YTD: -12.34%
• 6M: -10.06%
• 1Y: 9.68%
• 3Y*: 17.40%
• 5Y*: 12.51%
• 10Y*: —

SWLGX

• 1D: -0.46%
• 1M: -8.63%
• YTD: -13.06%
• 6M: -12.07%
• 1Y: 14.45%
• 3Y*: 19.67%
• 5Y*: 11.90%
• 10Y*: —

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

BDAFX vs. SWLGX - Expense Ratio Comparison

BDAFX has a 0.95% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

BDAFX

Baron Durable Advantage Fund Retail Shares

SWLGX

Schwab U.S. Large-Cap Growth Index Fund

Return for Risk

BDAFX vs. SWLGX — Risk / Return Rank

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

BDAFX

BDAFX Risk / Return Rank: 18
BDAFX Sharpe Ratio Rank: 17
BDAFX Sortino Ratio Rank: 18
BDAFX Omega Ratio Rank: 18
BDAFX Calmar Ratio Rank: 17
BDAFX Martin Ratio Rank: 18

SWLGX

SWLGX Risk / Return Rank: 28
SWLGX Sharpe Ratio Rank: 29
SWLGX Sortino Ratio Rank: 33
SWLGX Omega Ratio Rank: 31
SWLGX Calmar Ratio Rank: 25
SWLGX Martin Ratio Rank: 23

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.

BDAFX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund Retail Shares (BDAFX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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.

	BDAFX	SWLGX	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.66	-0.21
Sortino ratio Return per unit of downside risk	0.79	1.10	-0.32
Omega ratio Gain probability vs. loss probability	1.11	1.15	-0.04
Calmar ratio Return relative to maximum drawdown	0.49	0.72	-0.22
Martin ratio Return relative to average drawdown	1.82	2.51	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDAFX vs. SWLGX - Sharpe Ratio Comparison

The current BDAFX Sharpe Ratio is 0.45, which is lower than the SWLGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of BDAFX and SWLGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BDAFX	SWLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.66	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.56	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.68	+0.04

Correlation

The correlation between BDAFX and SWLGX is 0.94, 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.

Dividends

BDAFX vs. SWLGX - Dividend Comparison

BDAFX has not paid dividends to shareholders, while SWLGX's dividend yield for the trailing twelve months is around 0.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BDAFX Baron Durable Advantage Fund Retail Shares	0.00%	0.00%	0.01%	0.00%	0.00%	0.33%	0.12%	0.00%	0.00%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.52%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%

Drawdowns

BDAFX vs. SWLGX - Drawdown Comparison

The maximum BDAFX drawdown since its inception was -33.59%, roughly equal to the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for BDAFX and SWLGX.

Drawdown Indicators

	BDAFX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-33.59%	-32.69%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-16.16%	+1.31%
Max Drawdown (5Y) Largest decline over 5 years	-30.44%	-32.69%	+2.25%
Current Drawdown Current decline from peak	-14.85%	-16.16%	+1.31%
Average Drawdown Average peak-to-trough decline	-5.95%	-7.13%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	4.62%	-0.59%

Volatility

BDAFX vs. SWLGX - Volatility Comparison

Baron Durable Advantage Fund Retail Shares (BDAFX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX) have volatilities of 5.36% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDAFX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	5.38%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	11.82%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	22.31%	22.31%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	21.47%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	22.78%	-0.73%