HVEIX vs. SWLGX

Last updated Apr 1, 2026

Compare and contrast key facts about HVIA Equity Fund (HVEIX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).

HVEIX is managed by HVIA Equity Fund. It was launched on Oct 3, 2016. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.

Performance

HVEIX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HVIA Equity Fund (HVEIX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). The values are adjusted to include any dividend payments, if applicable.

HVEIX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HVEIX HVIA Equity Fund	-8.01%	16.70%	17.14%	27.68%	-20.27%	28.95%	26.17%	29.81%	-6.07%	-0.67%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	-13.06%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Returns By Period

In the year-to-date period, HVEIX achieves a -8.01% return, which is significantly higher than SWLGX's -13.06% return.

HVEIX

• 1D: -0.36%
• 1M: -7.67%
• YTD: -8.01%
• 6M: -4.78%
• 1Y: 14.03%
• 3Y*: 14.64%
• 5Y*: 9.60%
• 10Y*: —

SWLGX

• 1D: -0.46%
• 1M: -8.63%
• YTD: -13.06%
• 6M: -12.07%
• 1Y: 14.45%
• 3Y*: 19.67%
• 5Y*: 11.90%
• 10Y*: —

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

HVEIX vs. SWLGX - Expense Ratio Comparison

HVEIX has a 0.99% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

HVEIX

HVIA Equity Fund

SWLGX

Schwab U.S. Large-Cap Growth Index Fund

Return for Risk

HVEIX vs. SWLGX — Risk / Return Rank

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

HVEIX

HVEIX Risk / Return Rank: 33
HVEIX Sharpe Ratio Rank: 31
HVEIX Sortino Ratio Rank: 32
HVEIX Omega Ratio Rank: 33
HVEIX Calmar Ratio Rank: 34
HVEIX Martin Ratio Rank: 33

SWLGX

SWLGX Risk / Return Rank: 28
SWLGX Sharpe Ratio Rank: 29
SWLGX Sortino Ratio Rank: 33
SWLGX Omega Ratio Rank: 31
SWLGX Calmar Ratio Rank: 25
SWLGX Martin Ratio Rank: 23

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.

HVEIX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HVIA Equity Fund (HVEIX) 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.

	HVEIX	SWLGX	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.66	+0.08
Sortino ratio Return per unit of downside risk	1.15	1.10	+0.04
Omega ratio Gain probability vs. loss probability	1.17	1.15	+0.01
Calmar ratio Return relative to maximum drawdown	0.95	0.72	+0.24
Martin ratio Return relative to average drawdown	3.57	2.51	+1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HVEIX vs. SWLGX - Sharpe Ratio Comparison

The current HVEIX Sharpe Ratio is 0.74, which is comparable to the SWLGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of HVEIX and SWLGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HVEIX	SWLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.66	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.56	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.68	+0.02

Correlation

The correlation between HVEIX and SWLGX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HVEIX vs. SWLGX - Dividend Comparison

HVEIX's dividend yield for the trailing twelve months is around 8.41%, more than SWLGX's 0.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HVEIX HVIA Equity Fund	8.41%	7.74%	2.57%	1.67%	9.07%	2.55%	0.49%	0.65%	3.48%	0.71%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.52%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%

Drawdowns

HVEIX vs. SWLGX - Drawdown Comparison

The maximum HVEIX drawdown since its inception was -30.61%, smaller than the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for HVEIX and SWLGX.

Drawdown Indicators

	HVEIX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-32.69%	+2.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-16.16%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	-27.74%	-32.69%	+4.95%
Current Drawdown Current decline from peak	-11.43%	-16.16%	+4.73%
Average Drawdown Average peak-to-trough decline	-5.27%	-7.13%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	4.62%	-1.24%

Volatility

HVEIX vs. SWLGX - Volatility Comparison

The current volatility for HVIA Equity Fund (HVEIX) is 4.78%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 5.38%. This indicates that HVEIX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HVEIX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	5.38%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	11.82%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.65%	22.31%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	21.47%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	22.78%	-4.00%