GTEK vs. SWLGX

Last updated Aug 2, 2026

GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both funds - GTEK is a Technology Equities fund actively managed by Goldman Sachs, while SWLGX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. GTEK is actively managed, while SWLGX is passively managed. Over the past 3 years, GTEK returned 26.54%/yr vs 18.93%/yr for SWLGX. Their correlation of 0.85 means they have usually moved in the same direction. GTEK charges 0.75%/yr vs 0.04%/yr for SWLGX.

Performance

GTEK vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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, GTEK achieves a 34.87% return, which is significantly higher than SWLGX's -0.51% return.

GTEK

• 1D: 2.20%
• 1M: -9.56%
• 6M: 29.82%
• YTD: 34.87%
• 1Y: 54.17%
• 3Y*: 26.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.22%

SWLGX

• 1D: 2.95%
• 1M: -3.22%
• 6M: 1.04%
• YTD: -0.51%
• 1Y: 9.24%
• 3Y*: 18.93%
• 5Y*: 11.67%
• 10Y*: —
• ALL TIME*: 16.56%

*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)
GTEK Goldman Sachs Future Tech Leaders Equity ETF	$2.28M	$1.64M	$1.45M
SWLGX Schwab U.S. Large-Cap Growth Index Fund	$0.00	$0.00	$0.00

GTEK vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GTEK Goldman Sachs Future Tech Leaders Equity ETF	34.87%	23.68%	15.94%	33.58%	-46.73%	-2.50%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	-0.51%	18.55%	33.30%	42.67%	-29.17%	5.98%

Correlation

The correlation between GTEK and SWLGX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.85

The correlation between GTEK and SWLGX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

GTEK vs. SWLGX - Sectors Allocation Comparison

Sectors	GTEK	SWLGX
Technology	70.8%	54.2%
Industrials	8.9%	9.0%
Consumer Cyclical	6.3%	8.3%
Communication Services	4.8%	16.2%
Basic Materials	3.5%	0.3%
Real Estate	3.4%	0.4%
Financial Services	1.2%	4.3%
Healthcare	1.1%	5.4%
Consumer Defensive	-	1.2%
Energy	-	0.5%
Utilities	-	0.3%

Return for Risk

GTEK vs. SWLGX — Risk / Return Rank

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

GTEK

GTEK Risk / Return Rank: 72
GTEK Sharpe Ratio Rank: 72
GTEK Sortino Ratio Rank: 66
GTEK Omega Ratio Rank: 65
GTEK Calmar Ratio Rank: 74
GTEK Martin Ratio Rank: 80

SWLGX

SWLGX Risk / Return Rank: 11
SWLGX Sharpe Ratio Rank: 12
SWLGX Sortino Ratio Rank: 12
SWLGX Omega Ratio Rank: 11
SWLGX Calmar Ratio Rank: 11
SWLGX Martin Ratio Rank: 11

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.

GTEK vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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.

	GTEK	SWLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	0.41	+1.23
Sortino ratio: Return per unit of downside risk	2.18	0.69	+1.49
Omega ratio: Gain probability vs. loss probability	1.27	1.08	+0.19
Calmar ratio: Return relative to maximum drawdown	2.60	0.45	+2.15
Martin ratio: Return relative to average drawdown	10.41	1.35	+9.06

GTEK vs. SWLGX - Sharpe Ratio Comparison

The current GTEK Sharpe Ratio is 1.64, which is higher than the SWLGX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of GTEK 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

GTEK vs. SWLGX - Drawdown Comparison

The maximum GTEK drawdown since its inception was -53.77%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for GTEK and SWLGX.

Drawdown Indicators

	GTEK	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-32.69%	-21.08%
Max Drawdown (1Y) Largest decline over 1 year	-19.64%	-16.16%	-3.48%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	-23.30%	-4.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.69%	—
Current Drawdown Current decline from peak	-14.28%	-8.74%	-5.54%
Average Drawdown Average peak-to-trough decline	-26.84%	-7.03%	-19.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	5.37%	-0.46%

Volatility

GTEK vs. SWLGX - Volatility Comparison

Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a higher volatility of 12.14% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 6.40%. This indicates that GTEK's price experiences larger fluctuations and is considered to be riskier than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTEK	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.14%	6.40%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	27.35%	14.03%	+13.32%
Volatility (1Y) Calculated over the trailing 1-year period	31.18%	17.49%	+13.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.98%	21.80%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.98%	22.68%	+6.30%

GTEK vs. SWLGX - Expense Ratio Comparison

GTEK has a 0.75% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

GTEK vs. SWLGX - Dividend Comparison

GTEK has not paid dividends to shareholders, while SWLGX's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%	0.00%	0.00%	0.00%	0.00%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.46%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%

Frequently Asked Questions

Can I hold both GTEK and SWLGX in my portfolio?

GTEK and SWLGX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTEK or SWLGX?

GTEK has higher volatility (12.14%) compared to SWLGX (6.40%). In terms of maximum drawdown, GTEK dropped -53.77% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (1.64 vs 0.41), 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.