IVNQX vs. SWLGX
Compare and contrast key facts about Invesco Nasdaq 100 Index Fund (IVNQX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
IVNQX is managed by Invesco. It was launched on Oct 13, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVNQX or SWLGX.
Key characteristics
| IVNQX | SWLGX | |
|---|---|---|
| YTD Return | 24.65% | 31.32% |
| 1Y Return | 32.73% | 38.98% |
| 3Y Return (Ann) | 9.69% | 10.25% |
| Sharpe Ratio | 1.88 | 2.35 |
| Sortino Ratio | 2.52 | 3.04 |
| Omega Ratio | 1.34 | 1.43 |
| Calmar Ratio | 2.42 | 2.97 |
| Martin Ratio | 8.78 | 11.67 |
| Ulcer Index | 3.74% | 3.34% |
| Daily Std Dev | 17.41% | 16.59% |
| Max Drawdown | -34.83% | -32.69% |
| Current Drawdown | -1.03% | -0.68% |
Correlation
The correlation between IVNQX and SWLGX is 0.99, 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.
Performance
IVNQX vs. SWLGX - Performance Comparison
In the year-to-date period, IVNQX achieves a 24.65% return, which is significantly lower than SWLGX's 31.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVNQX vs. SWLGX - Expense Ratio Comparison
IVNQX has a 0.29% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Risk-Adjusted Performance
IVNQX vs. SWLGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) 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.
Dividends
IVNQX vs. SWLGX - Dividend Comparison
IVNQX's dividend yield for the trailing twelve months is around 0.53%, more than SWLGX's 0.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 0.53% | 0.54% | 0.73% | 0.39% | 0.19% | 0.00% | 0.00% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.51% | 0.67% | 0.93% | 0.57% | 0.67% | 0.96% | 1.03% |
Drawdowns
IVNQX vs. SWLGX - Drawdown Comparison
The maximum IVNQX drawdown since its inception was -34.83%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for IVNQX and SWLGX. For additional features, visit the drawdowns tool.
Volatility
IVNQX vs. SWLGX - Volatility Comparison
Invesco Nasdaq 100 Index Fund (IVNQX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX) have volatilities of 4.97% and 4.99%, 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.