GFAFX vs. SCHG

Last updated Aug 1, 2026

GFAFX (American Funds Growth Fund of America Class F-1) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both Large Cap Growth Equities funds. GFAFX is actively managed, while SCHG is passively managed. Over the past 10 years, GFAFX returned 14.97%/yr vs 18.27%/yr for SCHG. Their 0.96 correlation means they have historically moved very closely together. GFAFX charges 0.65%/yr vs 0.04%/yr for SCHG.

Performance

GFAFX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Growth Fund of America Class F-1 (GFAFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFAFX achieves a 4.36% return, which is significantly lower than SCHG's 4.99% return. Over the past 10 years, GFAFX has underperformed SCHG with an annualized return of 14.97%, while SCHG has yielded a comparatively higher 18.27% annualized return.

GFAFX

• 1D: 1.91%
• 1M: -3.25%
• 6M: 3.73%
• YTD: 4.36%
• 1Y: 12.83%
• 3Y*: 19.60%
• 5Y*: 10.05%
• 10Y*: 14.97%
• ALL TIME*: 10.39%

SCHG

• 1D: 1.12%
• 1M: 0.15%
• 6M: 7.02%
• YTD: 4.99%
• 1Y: 16.16%
• 3Y*: 21.39%
• 5Y*: 13.15%
• 10Y*: 18.27%
• ALL TIME*: 16.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GFAFX American Funds Growth Fund of America Class F-1	$0.00	$0.00	$0.00
SCHG Schwab U.S. Large-Cap Growth ETF	$247.66M	$249.87M	$339.91M

GFAFX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFAFX American Funds Growth Fund of America Class F-1	4.36%	19.66%	27.96%	37.15%	-30.78%	19.24%	37.78%	28.10%	-3.23%	26.07%
SCHG Schwab U.S. Large-Cap Growth ETF	4.99%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between GFAFX and SCHG is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.96

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

Return for Risk

GFAFX vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GFAFX

GFAFX Risk / Return Rank: 17
GFAFX Sharpe Ratio Rank: 16
GFAFX Sortino Ratio Rank: 16
GFAFX Omega Ratio Rank: 17
GFAFX Calmar Ratio Rank: 16
GFAFX Martin Ratio Rank: 20

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GFAFX vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Fund of America Class F-1 (GFAFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	GFAFX	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	0.65	0.82	-0.17
Sortino ratio: Return per unit of downside risk	0.99	1.20	-0.21
Omega ratio: Gain probability vs. loss probability	1.12	1.15	-0.02
Calmar ratio: Return relative to maximum drawdown	0.79	0.83	-0.04
Martin ratio: Return relative to average drawdown	2.87	2.62	+0.25

GFAFX vs. SCHG - Sharpe Ratio Comparison

The current GFAFX Sharpe Ratio is 0.65, which is comparable to the SCHG Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of GFAFX and SCHG, 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

GFAFX vs. SCHG - Drawdown Comparison

The maximum GFAFX drawdown since its inception was -51.87%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for GFAFX and SCHG.

Drawdown Indicators

	GFAFX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-51.87%	-34.59%	-17.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-16.41%	+2.62%
Max Drawdown (3Y) Largest decline over 3 years	-21.57%	-23.39%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-36.41%	-34.59%	-1.82%
Max Drawdown (10Y) Largest decline over 10 years	-36.41%	-34.59%	-1.82%
Current Drawdown Current decline from peak	-5.49%	-3.10%	-2.39%
Average Drawdown Average peak-to-trough decline	-8.58%	-5.19%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	5.19%	-1.39%

Volatility

GFAFX vs. SCHG - Volatility Comparison

American Funds Growth Fund of America Class F-1 (GFAFX) has a higher volatility of 4.82% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.32%. This indicates that GFAFX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFAFX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.32%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	12.90%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	16.67%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	22.42%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	21.59%	-1.83%

GFAFX vs. SCHG - Expense Ratio Comparison

GFAFX has a 0.65% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

GFAFX vs. SCHG - Dividend Comparison

GFAFX's dividend yield for the trailing twelve months is around 10.30%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFAFX American Funds Growth Fund of America Class F-1	10.30%	10.75%	9.01%	7.41%	4.02%	8.16%	4.28%	7.14%	11.96%	6.98%	6.60%	8.86%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both GFAFX and SCHG in my portfolio?

With a correlation of 0.92, GFAFX and SCHG 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, GFAFX or SCHG?

GFAFX has higher volatility (4.82%) compared to SCHG (4.32%). In terms of maximum drawdown, GFAFX dropped -51.87% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (0.82 vs 0.65), 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.