JLGQX vs. SWLGX

Last updated Jun 4, 2026

JLGQX (JPMorgan Large Cap Growth R4) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, JLGQX returned 13.72%/yr vs 16.03%/yr for SWLGX. With a 0.97 correlation, they move nearly in lockstep. JLGQX charges 0.69%/yr vs 0.04%/yr for SWLGX.

Performance

JLGQX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth R4 (JLGQX) 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, JLGQX achieves a 7.86% return, which is significantly lower than SWLGX's 8.61% return.

JLGQX

• 1D: 0.66%
• 1M: 6.69%
• YTD: 7.86%
• 6M: 6.50%
• 1Y: 21.53%
• 3Y*: 23.78%
• 5Y*: 13.72%
• 10Y*: —

SWLGX

• 1D: -0.37%
• 1M: 7.15%
• YTD: 8.61%
• 6M: 8.00%
• 1Y: 27.46%
• 3Y*: 25.54%
• 5Y*: 16.03%
• 10Y*: —

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

JLGQX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLGQX JPMorgan Large Cap Growth R4	7.86%	14.08%	35.14%	34.61%	-25.39%	18.17%	55.99%	39.17%	0.47%	-0.91%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	8.61%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between JLGQX and SWLGX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.97

The correlation between JLGQX and SWLGX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

JLGQX vs. SWLGX — Risk / Return Rank

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

JLGQX

JLGQX Risk / Return Rank: 19
JLGQX Sharpe Ratio Rank: 25
JLGQX Sortino Ratio Rank: 22
JLGQX Omega Ratio Rank: 23
JLGQX Calmar Ratio Rank: 14
JLGQX Martin Ratio Rank: 13

SWLGX

SWLGX Risk / Return Rank: 32
SWLGX Sharpe Ratio Rank: 40
SWLGX Sortino Ratio Rank: 36
SWLGX Omega Ratio Rank: 37
SWLGX Calmar Ratio Rank: 22
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.

JLGQX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth R4 (JLGQX) 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.

	JLGQX	SWLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.85	-0.43
Sortino ratio: Return per unit of downside risk	1.96	2.50	-0.54
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.31	1.76	-0.45
Martin ratio: Return relative to average drawdown	3.74	5.92	-2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JLGQX vs. SWLGX - Sharpe Ratio Comparison

The current JLGQX Sharpe Ratio is 1.42, which is comparable to the SWLGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of JLGQX 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.

Sharpe Ratios by Period

	JLGQX	SWLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.85	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.75	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.80	+0.14

Drawdowns

JLGQX vs. SWLGX - Drawdown Comparison

The maximum JLGQX drawdown since its inception was -31.84%, roughly equal to the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for JLGQX and SWLGX.

Drawdown Indicators

	JLGQX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-31.84%	-32.69%	+0.85%
Max Drawdown (1Y) Largest decline over 1 year	-16.82%	-16.16%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-21.51%	-23.30%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-31.23%	-32.69%	+1.46%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-6.83%	-7.05%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	4.80%	+1.09%

Volatility

JLGQX vs. SWLGX - Volatility Comparison

JPMorgan Large Cap Growth R4 (JLGQX) has a higher volatility of 3.86% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 3.30%. This indicates that JLGQX'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

	JLGQX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.30%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	11.59%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	15.40%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	21.49%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	22.68%	-0.65%

JLGQX vs. SWLGX - Expense Ratio Comparison

JLGQX has a 0.69% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

JLGQX vs. SWLGX - Dividend Comparison

JLGQX's dividend yield for the trailing twelve months is around 10.61%, more than SWLGX's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLGQX JPMorgan Large Cap Growth R4	10.61%	11.45%	2.01%	0.15%	3.44%	14.95%	5.31%	12.99%	15.98%	14.79%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.42%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%

Frequently Asked Questions

Can I hold both JLGQX and SWLGX in my portfolio?

With a correlation of 0.95, JLGQX and SWLGX 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, JLGQX or SWLGX?

JLGQX has higher volatility (3.86%) compared to SWLGX (3.30%). In terms of maximum drawdown, JLGQX dropped -31.84% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SWLGX currently has the higher Sharpe Ratio (1.85 vs 1.42), 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.