LMVTX vs. SWLVX

Last updated Jun 3, 2026

LMVTX (ClearBridge Value Trust) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, LMVTX returned 8.98%/yr vs 10.24%/yr for SWLVX. Their correlation of 0.93 suggests significant overlap in exposure. LMVTX charges 1.74%/yr vs 0.04%/yr for SWLVX.

Performance

LMVTX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Value Trust (LMVTX) 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, LMVTX achieves a 10.73% return, which is significantly lower than SWLVX's 13.35% return.

LMVTX

• 1D: -0.14%
• 1M: 1.60%
• YTD: 10.73%
• 6M: 13.03%
• 1Y: 23.76%
• 3Y*: 16.23%
• 5Y*: 8.98%
• 10Y*: 11.25%

SWLVX

• 1D: -0.27%
• 1M: 2.85%
• YTD: 13.35%
• 6M: 14.91%
• 1Y: 28.00%
• 3Y*: 18.26%
• 5Y*: 10.24%
• 10Y*: —

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

LMVTX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMVTX ClearBridge Value Trust	10.73%	9.80%	14.22%	18.80%	-7.00%	26.93%	10.63%	26.25%	-13.50%	0.50%
SWLVX Schwab U.S. Large-Cap Value Index Fund	13.35%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between LMVTX and SWLVX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.93

The correlation between LMVTX and SWLVX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

LMVTX vs. SWLVX — Risk / Return Rank

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

LMVTX

LMVTX Risk / Return Rank: 51
LMVTX Sharpe Ratio Rank: 46
LMVTX Sortino Ratio Rank: 43
LMVTX Omega Ratio Rank: 44
LMVTX Calmar Ratio Rank: 63
LMVTX Martin Ratio Rank: 58

SWLVX

SWLVX Risk / Return Rank: 81
SWLVX Sharpe Ratio Rank: 81
SWLVX Sortino Ratio Rank: 78
SWLVX Omega Ratio Rank: 72
SWLVX Calmar Ratio Rank: 86
SWLVX Martin Ratio Rank: 89

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.

LMVTX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Value Trust (LMVTX) 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.

	LMVTX	SWLVX	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.63	-0.64
Sortino ratio Return per unit of downside risk	2.77	3.71	-0.94
Omega ratio Gain probability vs. loss probability	1.36	1.48	-0.12
Calmar ratio Return relative to maximum drawdown	3.07	4.14	-1.07
Martin ratio Return relative to average drawdown	11.69	17.46	-5.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMVTX vs. SWLVX - Sharpe Ratio Comparison

The current LMVTX Sharpe Ratio is 1.99, which is comparable to the SWLVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of LMVTX 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.

Sharpe Ratios by Period

	LMVTX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.63	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.69	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.56	+0.01

Drawdowns

LMVTX vs. SWLVX - Drawdown Comparison

The maximum LMVTX drawdown since its inception was -72.54%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for LMVTX and SWLVX.

Drawdown Indicators

	LMVTX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-72.54%	-38.34%	-34.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-6.82%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-15.61%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-19.05%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	-40.47%	—	—
Current Drawdown Current decline from peak	-0.34%	-0.38%	+0.04%
Average Drawdown Average peak-to-trough decline	-11.96%	-4.84%	-7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.62%	+0.45%

Volatility

LMVTX vs. SWLVX - Volatility Comparison

ClearBridge Value Trust (LMVTX) has a higher volatility of 3.35% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 3.04%. This indicates that LMVTX's price experiences larger fluctuations and is considered to be riskier than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMVTX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.04%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	8.19%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	10.79%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	14.85%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	18.56%	+0.67%

LMVTX vs. SWLVX - Expense Ratio Comparison

LMVTX has a 1.74% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

LMVTX vs. SWLVX - Dividend Comparison

LMVTX's dividend yield for the trailing twelve months is around 9.33%, more than SWLVX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LMVTX ClearBridge Value Trust	9.33%	10.33%	10.32%	12.03%	7.85%	18.06%	5.41%	0.00%	1.34%	0.00%	0.10%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.78%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMVTX and SWLVX in my portfolio?

With a correlation of 0.94, LMVTX 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, LMVTX or SWLVX?

LMVTX has higher volatility (3.35%) compared to SWLVX (3.04%). In terms of maximum drawdown, LMVTX dropped -72.54% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.63 vs 1.99), 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.