EIFGX vs. SWLGX

Last updated Jun 25, 2026

EIFGX (Eaton Vance Focused Growth Opportunities Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, EIFGX returned 11.12%/yr vs 13.10%/yr for SWLGX. With a 0.97 correlation, they move nearly in lockstep. EIFGX charges 0.76%/yr vs 0.04%/yr for SWLGX.

Performance

EIFGX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Focused Growth Opportunities Fund (EIFGX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIFGX achieves a 2.66% return, which is significantly higher than SWLGX's 1.54% return.

EIFGX

• 1D: -1.41%
• 1M: -4.51%
• YTD: 2.66%
• 6M: 1.64%
• 1Y: 13.48%
• 3Y*: 23.45%
• 5Y*: 11.12%
• 10Y*: 17.58%

SWLGX

• 1D: -1.60%
• 1M: -4.04%
• YTD: 1.54%
• 6M: 0.06%
• 1Y: 16.38%
• 3Y*: 21.95%
• 5Y*: 13.10%
• 10Y*: —

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

EIFGX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIFGX Eaton Vance Focused Growth Opportunities Fund	2.66%	14.48%	42.07%	42.23%	-32.01%	16.33%	44.64%	35.77%	0.68%	-0.77%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	1.54%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between EIFGX and SWLGX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.97

The correlation between EIFGX and SWLGX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

EIFGX vs. SWLGX — Risk / Return Rank

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

EIFGX

EIFGX Risk / Return Rank: 15
EIFGX Sharpe Ratio Rank: 16
EIFGX Sortino Ratio Rank: 15
EIFGX Omega Ratio Rank: 15
EIFGX Calmar Ratio Rank: 13
EIFGX Martin Ratio Rank: 16

SWLGX

SWLGX Risk / Return Rank: 16
SWLGX Sharpe Ratio Rank: 18
SWLGX Sortino Ratio Rank: 17
SWLGX Omega Ratio Rank: 18
SWLGX Calmar Ratio Rank: 13
SWLGX Martin Ratio Rank: 14

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.

EIFGX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Focused Growth Opportunities Fund (EIFGX) 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.

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.

	EIFGX	SWLGX	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.12	-0.14
Sortino ratio: Return per unit of downside risk	1.40	1.58	-0.17
Omega ratio: Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio: Return relative to maximum drawdown	1.05	1.12	-0.07
Martin ratio: Return relative to average drawdown	3.70	3.67	+0.03

EIFGX vs. SWLGX - Sharpe Ratio Comparison

The current EIFGX Sharpe Ratio is 0.97, which is comparable to the SWLGX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of EIFGX and SWLGX, 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

EIFGX vs. SWLGX - Drawdown Comparison

The maximum EIFGX drawdown since its inception was -36.93%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for EIFGX and SWLGX.

Drawdown Indicators

	EIFGX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-32.69%	-4.24%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	-16.16%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-21.85%	-23.30%	+1.45%
Max Drawdown (5Y) Largest decline over 5 years	-36.93%	-32.69%	-4.24%
Max Drawdown (10Y) Largest decline over 10 years	-36.93%	—	—
Current Drawdown Current decline from peak	-6.49%	-6.86%	+0.37%
Average Drawdown Average peak-to-trough decline	-5.89%	-7.04%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	4.93%	-0.79%

Volatility

EIFGX vs. SWLGX - Volatility Comparison

The current volatility for Eaton Vance Focused Growth Opportunities Fund (EIFGX) is 5.65%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 6.09%. This indicates that EIFGX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIFGX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.09%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	12.26%	12.64%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	16.27%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	21.62%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	22.69%	-0.93%

EIFGX vs. SWLGX - Expense Ratio Comparison

EIFGX has a 0.76% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

EIFGX vs. SWLGX - Dividend Comparison

EIFGX's dividend yield for the trailing twelve months is around 24.67%, more than SWLGX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIFGX Eaton Vance Focused Growth Opportunities Fund	24.67%	25.32%	10.78%	2.74%	32.69%	16.44%	8.74%	9.36%	10.11%	0.29%	0.00%	1.25%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.45%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIFGX and SWLGX in my portfolio?

With a correlation of 0.97, EIFGX and SWLGX 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, EIFGX or SWLGX?

SWLGX has higher volatility (6.09%) compared to EIFGX (5.65%). In terms of maximum drawdown, EIFGX dropped -36.93% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SWLGX currently has the higher Sharpe Ratio (1.12 vs 0.97), 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.