GGHCX vs. SWHFX

Last updated Jun 24, 2026

GGHCX (Invesco Health Care Fund) and SWHFX (Schwab Health Care Fund™) are both Health & Biotech Equities funds. Over the past 10 years, GGHCX returned 7.54%/yr vs 7.79%/yr for SWHFX. Their correlation of 0.89 suggests significant overlap in exposure. GGHCX charges 1.04%/yr vs 0.80%/yr for SWHFX.

Performance

GGHCX vs. SWHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Health Care Fund (GGHCX) and Schwab Health Care Fund™ (SWHFX). 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 GGHCX having a -2.87% return and SWHFX slightly higher at -2.86%. Both investments have delivered pretty close results over the past 10 years, with GGHCX having a 7.54% annualized return and SWHFX not far ahead at 7.79%.

GGHCX

• 1D: 0.86%
• 1M: 2.12%
• YTD: -2.87%
• 6M: -3.54%
• 1Y: 11.17%
• 3Y*: 5.69%
• 5Y*: 2.26%
• 10Y*: 7.54%

SWHFX

• 1D: 0.69%
• 1M: -0.44%
• YTD: -2.86%
• 6M: -3.39%
• 1Y: 7.79%
• 3Y*: 3.77%
• 5Y*: 2.90%
• 10Y*: 7.79%

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

GGHCX vs. SWHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGHCX Invesco Health Care Fund	-2.87%	15.48%	3.96%	3.05%	-13.53%	12.05%	14.52%	32.01%	0.27%	15.51%
SWHFX Schwab Health Care Fund™	-2.86%	9.81%	0.10%	0.73%	-4.66%	23.36%	12.83%	17.64%	3.68%	20.31%

Correlation

The correlation between GGHCX and SWHFX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.89

The correlation between GGHCX and SWHFX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

GGHCX vs. SWHFX — Risk / Return Rank

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

GGHCX

GGHCX Risk / Return Rank: 11
GGHCX Sharpe Ratio Rank: 12
GGHCX Sortino Ratio Rank: 13
GGHCX Omega Ratio Rank: 11
GGHCX Calmar Ratio Rank: 10
GGHCX Martin Ratio Rank: 8

SWHFX

SWHFX Risk / Return Rank: 7
SWHFX Sharpe Ratio Rank: 7
SWHFX Sortino Ratio Rank: 7
SWHFX Omega Ratio Rank: 7
SWHFX Calmar Ratio Rank: 7
SWHFX Martin Ratio Rank: 6

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.

GGHCX vs. SWHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Health Care Fund (GGHCX) and Schwab Health Care Fund™ (SWHFX). 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.

	GGHCX	SWHFX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.50	+0.39
Sortino ratio: Return per unit of downside risk	1.38	0.80	+0.57
Omega ratio: Gain probability vs. loss probability	1.16	1.10	+0.05
Calmar ratio: Return relative to maximum drawdown	0.89	0.59	+0.30
Martin ratio: Return relative to average drawdown	1.96	1.27	+0.69

GGHCX vs. SWHFX - Sharpe Ratio Comparison

The current GGHCX Sharpe Ratio is 0.89, which is higher than the SWHFX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of GGHCX and SWHFX, 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

GGHCX vs. SWHFX - Drawdown Comparison

The maximum GGHCX drawdown since its inception was -40.23%, smaller than the maximum SWHFX drawdown of -43.10%. Use the drawdown chart below to compare losses from any high point for GGHCX and SWHFX.

Drawdown Indicators

	GGHCX	SWHFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.23%	-43.10%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-13.74%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	-19.35%	+2.49%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-19.35%	-6.02%
Max Drawdown (10Y) Largest decline over 10 years	-29.34%	-27.28%	-2.06%
Current Drawdown Current decline from peak	-7.45%	-9.92%	+2.47%
Average Drawdown Average peak-to-trough decline	-8.82%	-8.17%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	6.33%	-0.24%

Volatility

GGHCX vs. SWHFX - Volatility Comparison

The current volatility for Invesco Health Care Fund (GGHCX) is 4.63%, while Schwab Health Care Fund™ (SWHFX) has a volatility of 4.94%. This indicates that GGHCX experiences smaller price fluctuations and is considered to be less risky than SWHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGHCX	SWHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.94%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	10.51%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	16.06%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	14.71%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	15.99%	+1.47%

GGHCX vs. SWHFX - Expense Ratio Comparison

GGHCX has a 1.04% expense ratio, which is higher than SWHFX's 0.80% expense ratio.

Dividends

GGHCX vs. SWHFX - Dividend Comparison

GGHCX's dividend yield for the trailing twelve months is around 5.85%, while SWHFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGHCX Invesco Health Care Fund	5.85%	5.69%	5.17%	0.00%	0.00%	24.69%	6.44%	3.51%	8.81%	6.88%	2.24%	15.07%
SWHFX Schwab Health Care Fund™	0.00%	0.00%	9.49%	3.60%	4.18%	12.52%	11.47%	4.56%	10.02%	7.32%	2.63%	16.31%

Frequently Asked Questions

Can I hold both GGHCX and SWHFX in my portfolio?

GGHCX and SWHFX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGHCX or SWHFX?

SWHFX has higher volatility (4.94%) compared to GGHCX (4.63%). In terms of maximum drawdown, GGHCX dropped -40.23% vs SWHFX's -43.10%.

Which has better risk-adjusted returns?

GGHCX currently has the higher Sharpe Ratio (0.89 vs 0.50), 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.