EPLCX vs. SWLVX

Last updated Jun 4, 2026

EPLCX (MainStay Epoch U.S. Equity Yield Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, EPLCX returned 11.74%/yr vs 10.43%/yr for SWLVX. With a 0.95 correlation, they move nearly in lockstep. EPLCX charges 0.73%/yr vs 0.04%/yr for SWLVX.

Performance

EPLCX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Epoch U.S. Equity Yield Fund (EPLCX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EPLCX having a 13.83% return and SWLVX slightly higher at 14.27%.

EPLCX

• 1D: 0.99%
• 1M: 5.26%
• YTD: 13.83%
• 6M: 13.93%
• 1Y: 25.49%
• 3Y*: 19.05%
• 5Y*: 11.74%
• 10Y*: 11.09%

SWLVX

• 1D: 0.81%
• 1M: 4.26%
• YTD: 14.27%
• 6M: 14.87%
• 1Y: 28.30%
• 3Y*: 18.58%
• 5Y*: 10.43%
• 10Y*: —

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

EPLCX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPLCX MainStay Epoch U.S. Equity Yield Fund	13.83%	14.03%	18.42%	8.83%	-2.56%	22.98%	0.24%	23.98%	-5.37%	-0.12%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.27%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between EPLCX and SWLVX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.95

The correlation between EPLCX and SWLVX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

EPLCX vs. SWLVX — Risk / Return Rank

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

EPLCX

EPLCX Risk / Return Rank: 81
EPLCX Sharpe Ratio Rank: 82
EPLCX Sortino Ratio Rank: 81
EPLCX Omega Ratio Rank: 72
EPLCX Calmar Ratio Rank: 86
EPLCX Martin Ratio Rank: 85

SWLVX

SWLVX Risk / Return Rank: 83
SWLVX Sharpe Ratio Rank: 84
SWLVX Sortino Ratio Rank: 81
SWLVX Omega Ratio Rank: 75
SWLVX Calmar Ratio Rank: 88
SWLVX Martin Ratio Rank: 90

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.

EPLCX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch U.S. Equity Yield Fund (EPLCX) 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.

	EPLCX	SWLVX	Difference
Sharpe ratio Return per unit of total volatility	2.68	2.70	-0.03
Sortino ratio Return per unit of downside risk	3.84	3.81	+0.03
Omega ratio Gain probability vs. loss probability	1.48	1.49	-0.01
Calmar ratio Return relative to maximum drawdown	4.17	4.28	-0.11
Martin ratio Return relative to average drawdown	16.35	17.99	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPLCX vs. SWLVX - Sharpe Ratio Comparison

The current EPLCX Sharpe Ratio is 2.68, which is comparable to the SWLVX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of EPLCX 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

	EPLCX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.70	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.71	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.57	+0.20

Drawdowns

EPLCX vs. SWLVX - Drawdown Comparison

The maximum EPLCX drawdown since its inception was -35.85%, smaller than the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for EPLCX and SWLVX.

Drawdown Indicators

	EPLCX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-35.85%	-38.34%	+2.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	-6.82%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-15.61%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-19.05%	+2.93%
Max Drawdown (10Y) Largest decline over 10 years	-35.85%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.84%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.62%	0.00%

Volatility

EPLCX vs. SWLVX - Volatility Comparison

MainStay Epoch U.S. Equity Yield Fund (EPLCX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 2.99% and 3.09%, 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

	EPLCX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	3.09%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	8.19%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	10.79%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	14.86%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	18.56%	-2.89%

EPLCX vs. SWLVX - Expense Ratio Comparison

EPLCX has a 0.73% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

EPLCX vs. SWLVX - Dividend Comparison

EPLCX's dividend yield for the trailing twelve months is around 6.46%, more than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPLCX MainStay Epoch U.S. Equity Yield Fund	6.46%	7.30%	10.72%	5.56%	3.83%	1.90%	2.36%	4.00%	5.75%	5.55%	1.98%	6.59%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPLCX and SWLVX in my portfolio?

With a correlation of 0.92, EPLCX 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, EPLCX or SWLVX?

SWLVX has higher volatility (3.09%) compared to EPLCX (2.99%). In terms of maximum drawdown, EPLCX dropped -35.85% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.70 vs 2.68), 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.