HAGAX vs. SWTSX

Last updated Jun 25, 2026

HAGAX (Carillon Eagle Mid Cap Growth Fund) and SWTSX (Schwab Total Stock Market Index Fund) are both mutual funds - HAGAX is a Mid Cap Growth Equities fund managed by Carillon Family of Funds, while SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index. Over the past 10 years, HAGAX returned 12.04%/yr vs 15.09%/yr for SWTSX. Their correlation of 0.90 suggests significant overlap in exposure. HAGAX charges 1.03%/yr vs 0.03%/yr for SWTSX.

Performance

HAGAX vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Eagle Mid Cap Growth Fund (HAGAX) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAGAX achieves a 7.16% return, which is significantly lower than SWTSX's 8.91% return. Over the past 10 years, HAGAX has underperformed SWTSX with an annualized return of 12.04%, while SWTSX has yielded a comparatively higher 15.09% annualized return.

HAGAX

• 1D: -1.75%
• 1M: 2.87%
• YTD: 7.16%
• 6M: 4.71%
• 1Y: 5.94%
• 3Y*: 11.57%
• 5Y*: 3.00%
• 10Y*: 12.04%

SWTSX

• 1D: -1.33%
• 1M: -0.78%
• YTD: 8.91%
• 6M: 7.47%
• 1Y: 22.78%
• 3Y*: 20.65%
• 5Y*: 11.91%
• 10Y*: 15.09%

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

HAGAX vs. SWTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HAGAX Carillon Eagle Mid Cap Growth Fund	7.16%	4.50%	12.64%	19.76%	-25.85%	11.19%	39.79%	34.50%	-6.45%	29.90%
SWTSX Schwab Total Stock Market Index Fund	8.91%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between HAGAX and SWTSX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000	0.90

The correlation between HAGAX and SWTSX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

HAGAX vs. SWTSX — Risk / Return Rank

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

HAGAX

HAGAX Risk / Return Rank: 7
HAGAX Sharpe Ratio Rank: 6
HAGAX Sortino Ratio Rank: 7
HAGAX Omega Ratio Rank: 6
HAGAX Calmar Ratio Rank: 7
HAGAX Martin Ratio Rank: 9

SWTSX

SWTSX Risk / Return Rank: 52
SWTSX Sharpe Ratio Rank: 48
SWTSX Sortino Ratio Rank: 44
SWTSX Omega Ratio Rank: 45
SWTSX Calmar Ratio Rank: 56
SWTSX Martin Ratio Rank: 67

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.

HAGAX vs. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Eagle Mid Cap Growth Fund (HAGAX) and Schwab Total Stock Market Index Fund (SWTSX). 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.

	HAGAX	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.88	-1.44
Sortino ratio: Return per unit of downside risk	0.74	2.57	-1.83
Omega ratio: Gain probability vs. loss probability	1.09	1.34	-0.25
Calmar ratio: Return relative to maximum drawdown	0.62	2.74	-2.12
Martin ratio: Return relative to average drawdown	2.06	12.13	-10.07

HAGAX vs. SWTSX - Sharpe Ratio Comparison

The current HAGAX Sharpe Ratio is 0.44, which is lower than the SWTSX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of HAGAX and SWTSX, 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

HAGAX vs. SWTSX - Drawdown Comparison

The maximum HAGAX drawdown since its inception was -52.32%, roughly equal to the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for HAGAX and SWTSX.

Drawdown Indicators

	HAGAX	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-52.32%	-54.60%	+2.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-8.88%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-19.43%	-7.34%
Max Drawdown (5Y) Largest decline over 5 years	-34.36%	-25.40%	-8.96%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-35.01%	-2.04%
Current Drawdown Current decline from peak	-2.00%	-2.78%	+0.78%
Average Drawdown Average peak-to-trough decline	-12.61%	-10.55%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.00%	+1.77%

Volatility

HAGAX vs. SWTSX - Volatility Comparison

Carillon Eagle Mid Cap Growth Fund (HAGAX) has a higher volatility of 6.34% compared to Schwab Total Stock Market Index Fund (SWTSX) at 4.95%. This indicates that HAGAX's price experiences larger fluctuations and is considered to be riskier than SWTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAGAX	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	4.95%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	10.14%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	12.94%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	17.54%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	18.62%	+3.24%

HAGAX vs. SWTSX - Expense Ratio Comparison

HAGAX has a 1.03% expense ratio, which is higher than SWTSX's 0.03% expense ratio.

Dividends

HAGAX vs. SWTSX - Dividend Comparison

HAGAX's dividend yield for the trailing twelve months is around 12.93%, more than SWTSX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAGAX Carillon Eagle Mid Cap Growth Fund	12.93%	13.86%	13.00%	11.74%	1.41%	10.82%	2.26%	2.19%	5.95%	2.69%	0.00%	1.67%
SWTSX Schwab Total Stock Market Index Fund	1.01%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both HAGAX and SWTSX in my portfolio?

HAGAX and SWTSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAGAX or SWTSX?

HAGAX has higher volatility (6.34%) compared to SWTSX (4.95%). In terms of maximum drawdown, HAGAX dropped -52.32% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

SWTSX currently has the higher Sharpe Ratio (1.88 vs 0.44), 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.