HOVLX vs. SWLVX

Last updated Aug 5, 2026

HOVLX (Homestead Funds Value Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, HOVLX returned 10.69%/yr vs 12.09%/yr for SWLVX. Their correlation of 0.95 means they have usually moved in the same direction. HOVLX charges 0.63%/yr vs 0.04%/yr for SWLVX.

Performance

HOVLX vs. SWLVX - Performance Comparison

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

Returns By Period

In the year-to-date period, HOVLX achieves a 13.24% return, which is significantly lower than SWLVX's 21.77% return.

HOVLX

• 1D: 1.12%
• 1M: 2.30%
• 6M: 7.55%
• YTD: 13.24%
• 1Y: 21.43%
• 3Y*: 16.64%
• 5Y*: 10.69%
• 10Y*: 12.41%
• ALL TIME*: 10.48%

SWLVX

• 1D: 0.97%
• 1M: 2.91%
• 6M: 15.38%
• YTD: 21.77%
• 1Y: 32.75%
• 3Y*: 18.98%
• 5Y*: 12.09%
• 10Y*: —
• ALL TIME*: 11.11%

*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)
HOVLX Homestead Funds Value Fund	$0.00	$0.00	$0.00
SWLVX Schwab U.S. Large-Cap Value Index Fund	$0.00	$0.00	$0.00

HOVLX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOVLX Homestead Funds Value Fund	13.24%	14.60%	14.29%	12.03%	-5.67%	25.09%	7.74%	27.72%	-6.52%	0.02%
SWLVX Schwab U.S. Large-Cap Value Index Fund	21.77%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between HOVLX and SWLVX 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.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.95

The correlation between HOVLX and SWLVX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

HOVLX vs. SWLVX — Risk / Return Rank

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

HOVLX

HOVLX Risk / Return Rank: 81
HOVLX Sharpe Ratio Rank: 82
HOVLX Sortino Ratio Rank: 82
HOVLX Omega Ratio Rank: 77
HOVLX Calmar Ratio Rank: 79
HOVLX Martin Ratio Rank: 84

SWLVX

SWLVX Risk / Return Rank: 97
SWLVX Sharpe Ratio Rank: 98
SWLVX Sortino Ratio Rank: 97
SWLVX Omega Ratio Rank: 95
SWLVX Calmar Ratio Rank: 97
SWLVX Martin Ratio Rank: 98

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.

HOVLX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) 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.

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.

	HOVLX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	3.03	-1.00
Sortino ratio: Return per unit of downside risk	2.93	4.21	-1.28
Omega ratio: Gain probability vs. loss probability	1.37	1.55	-0.18
Calmar ratio: Return relative to maximum drawdown	2.80	5.02	-2.22
Martin ratio: Return relative to average drawdown	11.38	21.59	-10.21

HOVLX vs. SWLVX - Sharpe Ratio Comparison

The current HOVLX Sharpe Ratio is 2.03, which is lower than the SWLVX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of HOVLX 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.

Drawdowns

HOVLX vs. SWLVX - Drawdown Comparison

The maximum HOVLX drawdown since its inception was -57.90%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for HOVLX and SWLVX.

Drawdown Indicators

	HOVLX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-57.90%	-38.34%	-19.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-6.82%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	-15.61%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-19.32%	-19.05%	-0.27%
Max Drawdown (10Y) Largest decline over 10 years	-38.08%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.79%	-4.75%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.58%	+0.44%

Volatility

HOVLX vs. SWLVX - Volatility Comparison

Homestead Funds Value Fund (HOVLX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 2.83% and 2.80%, 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

	HOVLX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.80%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	8.80%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	11.34%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	14.86%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	18.46%	-0.62%

HOVLX vs. SWLVX - Expense Ratio Comparison

HOVLX has a 0.63% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

HOVLX vs. SWLVX - Dividend Comparison

HOVLX's dividend yield for the trailing twelve months is around 8.50%, more than SWLVX's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOVLX Homestead Funds Value Fund	8.50%	10.62%	9.71%	5.75%	10.54%	8.65%	16.55%	15.30%	11.01%	5.34%	10.00%	7.22%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.66%	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 HOVLX and SWLVX in my portfolio?

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

HOVLX has higher volatility (2.83%) compared to SWLVX (2.80%). In terms of maximum drawdown, HOVLX dropped -57.90% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (3.03 vs 2.03), 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.