BGSAX vs. SFLNX

Last updated Jun 25, 2026

BGSAX (BlackRock Technology Opportunities Fund Investor A) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - BGSAX is a Technology Equities fund managed by BlackRock, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Over the past 10 years, BGSAX returned 25.57%/yr vs 14.46%/yr for SFLNX. A 0.72 correlation means they provide meaningful diversification when combined. BGSAX charges 1.20%/yr vs 0.25%/yr for SFLNX.

Performance

BGSAX vs. SFLNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Technology Opportunities Fund Investor A (BGSAX) and Schwab Fundamental US Large Company Index Fund (SFLNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGSAX achieves a 35.11% return, which is significantly higher than SFLNX's 14.25% return. Over the past 10 years, BGSAX has outperformed SFLNX with an annualized return of 25.57%, while SFLNX has yielded a comparatively lower 14.46% annualized return.

BGSAX

• 1D: -5.96%
• 1M: 2.68%
• YTD: 35.11%
• 6M: 33.45%
• 1Y: 52.07%
• 3Y*: 37.13%
• 5Y*: 14.38%
• 10Y*: 25.57%

SFLNX

• 1D: -0.43%
• 1M: 0.52%
• YTD: 14.25%
• 6M: 13.19%
• 1Y: 29.33%
• 3Y*: 20.33%
• 5Y*: 13.24%
• 10Y*: 14.46%

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

BGSAX vs. SFLNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGSAX BlackRock Technology Opportunities Fund Investor A	35.11%	19.63%	40.56%	49.09%	-43.13%	8.19%	86.27%	43.84%	2.03%	49.45%
SFLNX Schwab Fundamental US Large Company Index Fund	14.25%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	17.08%

Correlation

The correlation between BGSAX and SFLNX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.72

Over the past year, the correlation between BGSAX and SFLNX has dropped to 0.52 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

BGSAX vs. SFLNX — Risk / Return Rank

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

BGSAX

BGSAX Risk / Return Rank: 50
BGSAX Sharpe Ratio Rank: 52
BGSAX Sortino Ratio Rank: 40
BGSAX Omega Ratio Rank: 46
BGSAX Calmar Ratio Rank: 68
BGSAX Martin Ratio Rank: 44

SFLNX

SFLNX Risk / Return Rank: 91
SFLNX Sharpe Ratio Rank: 92
SFLNX Sortino Ratio Rank: 89
SFLNX Omega Ratio Rank: 84
SFLNX Calmar Ratio Rank: 94
SFLNX Martin Ratio Rank: 94

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.

BGSAX vs. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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.

	BGSAX	SFLNX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.87	-0.92
Sortino ratio: Return per unit of downside risk	2.44	3.97	-1.53
Omega ratio: Gain probability vs. loss probability	1.34	1.52	-0.18
Calmar ratio: Return relative to maximum drawdown	3.01	4.99	-1.98
Martin ratio: Return relative to average drawdown	8.77	19.33	-10.56

BGSAX vs. SFLNX - Sharpe Ratio Comparison

The current BGSAX Sharpe Ratio is 1.95, which is lower than the SFLNX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of BGSAX and SFLNX, 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

BGSAX vs. SFLNX - Drawdown Comparison

The maximum BGSAX drawdown since its inception was -73.75%, which is greater than SFLNX's maximum drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for BGSAX and SFLNX.

Drawdown Indicators

	BGSAX	SFLNX	Difference
Max Drawdown Largest peak-to-trough decline	-73.75%	-56.18%	-17.57%
Max Drawdown (1Y) Largest decline over 1 year	-18.49%	-6.10%	-12.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.75%	-16.27%	-11.48%
Max Drawdown (5Y) Largest decline over 5 years	-49.22%	-18.98%	-30.24%
Max Drawdown (10Y) Largest decline over 10 years	-49.22%	-37.59%	-11.63%
Current Drawdown Current decline from peak	-6.17%	-1.45%	-4.72%
Average Drawdown Average peak-to-trough decline	-26.32%	-5.99%	-20.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	1.57%	+4.76%

Volatility

BGSAX vs. SFLNX - Volatility Comparison

BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 15.70% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 3.41%. This indicates that BGSAX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGSAX	SFLNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.70%	3.41%	+12.29%
Volatility (6M) Calculated over the trailing 6-month period	24.45%	7.81%	+16.64%
Volatility (1Y) Calculated over the trailing 1-year period	28.53%	10.64%	+17.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.46%	15.26%	+13.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.23%	18.38%	+7.85%

BGSAX vs. SFLNX - Expense Ratio Comparison

BGSAX has a 1.20% expense ratio, which is higher than SFLNX's 0.25% expense ratio.

Dividends

BGSAX vs. SFLNX - Dividend Comparison

BGSAX's dividend yield for the trailing twelve months is around 10.03%, more than SFLNX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGSAX BlackRock Technology Opportunities Fund Investor A	10.03%	13.55%	8.68%	0.00%	0.00%	7.66%	4.86%	1.50%	1.24%	8.01%	1.17%	0.00%
SFLNX Schwab Fundamental US Large Company Index Fund	1.47%	1.68%	1.78%	1.86%	2.09%	4.78%	6.17%	5.33%	9.69%	3.28%	7.23%	5.68%

Frequently Asked Questions

Can I hold both BGSAX and SFLNX in my portfolio?

BGSAX and SFLNX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGSAX or SFLNX?

BGSAX has higher volatility (15.70%) compared to SFLNX (3.41%). In terms of maximum drawdown, BGSAX dropped -73.75% vs SFLNX's -56.18%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (2.87 vs 1.95), 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.