LVOYX vs. SWMCX

Last updated Jul 3, 2026

LVOYX (Lord Abbett Value Opportunities Fund) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, LVOYX returned 5.64%/yr vs 8.27%/yr for SWMCX. With a 0.95 correlation, they move nearly in lockstep. LVOYX charges 0.90%/yr vs 0.04%/yr for SWMCX.

Performance

LVOYX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Value Opportunities Fund (LVOYX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LVOYX having a 14.37% return and SWMCX slightly higher at 15.08%.

LVOYX

• 1D: -0.95%
• 1M: 3.05%
• 6M: 14.37%
• YTD: 14.37%
• 1Y: 17.75%
• 3Y*: 12.12%
• 5Y*: 5.64%
• 10Y*: 8.82%

SWMCX

• 1D: -0.18%
• 1M: 2.10%
• 6M: 15.08%
• YTD: 15.08%
• 1Y: 19.89%
• 3Y*: 16.39%
• 5Y*: 8.27%
• 10Y*: —

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

LVOYX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVOYX Lord Abbett Value Opportunities Fund	14.37%	0.87%	13.84%	17.03%	-21.62%	27.23%	15.54%	23.05%	-12.06%	0.29%
SWMCX Schwab U.S. Mid-Cap Index Fund	15.08%	10.54%	15.28%	17.20%	-17.31%	22.55%	17.03%	30.46%	-9.16%	0.40%

Correlation

The correlation between LVOYX and SWMCX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.95

The correlation between LVOYX and SWMCX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

LVOYX vs. SWMCX — Risk / Return Rank

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

LVOYX

LVOYX Risk / Return Rank: 36
LVOYX Sharpe Ratio Rank: 32
LVOYX Sortino Ratio Rank: 34
LVOYX Omega Ratio Rank: 30
LVOYX Calmar Ratio Rank: 42
LVOYX Martin Ratio Rank: 41

SWMCX

SWMCX Risk / Return Rank: 48
SWMCX Sharpe Ratio Rank: 40
SWMCX Sortino Ratio Rank: 41
SWMCX Omega Ratio Rank: 37
SWMCX Calmar Ratio Rank: 62
SWMCX Martin Ratio Rank: 59

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.

LVOYX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Value Opportunities Fund (LVOYX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

	LVOYX	SWMCX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.49	-0.22
Sortino ratio: Return per unit of downside risk	1.91	2.16	-0.25
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.02	2.53	-0.51
Martin ratio: Return relative to average drawdown	7.07	9.65	-2.57

LVOYX vs. SWMCX - Sharpe Ratio Comparison

The current LVOYX Sharpe Ratio is 1.27, which is comparable to the SWMCX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of LVOYX and SWMCX, 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

LVOYX vs. SWMCX - Drawdown Comparison

The maximum LVOYX drawdown since its inception was -46.13%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for LVOYX and SWMCX.

Drawdown Indicators

	LVOYX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	-46.13%	-40.34%	-5.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	-8.15%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.29%	-21.07%	-4.22%
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	-26.09%	-3.05%
Max Drawdown (10Y) Largest decline over 10 years	-39.06%	—	—
Current Drawdown Current decline from peak	-1.04%	-0.18%	-0.86%
Average Drawdown Average peak-to-trough decline	-7.70%	-6.58%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.13%	+0.51%

Volatility

LVOYX vs. SWMCX - Volatility Comparison

Lord Abbett Value Opportunities Fund (LVOYX) has a higher volatility of 5.04% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 4.71%. This indicates that LVOYX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVOYX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.71%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	11.12%	10.60%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	13.84%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	18.33%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	20.60%	-0.56%

LVOYX vs. SWMCX - Expense Ratio Comparison

LVOYX has a 0.90% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

LVOYX vs. SWMCX - Dividend Comparison

LVOYX's dividend yield for the trailing twelve months is around 5.26%, more than SWMCX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVOYX Lord Abbett Value Opportunities Fund	5.26%	6.01%	6.65%	1.59%	9.14%	12.66%	5.41%	11.55%	10.49%	5.98%	5.82%	7.68%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.85%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LVOYX and SWMCX in my portfolio?

With a correlation of 0.91, LVOYX and SWMCX 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, LVOYX or SWMCX?

LVOYX has higher volatility (5.04%) compared to SWMCX (4.71%). In terms of maximum drawdown, LVOYX dropped -46.13% vs SWMCX's -40.34%.

Which has better risk-adjusted returns?

SWMCX currently has the higher Sharpe Ratio (1.49 vs 1.27), 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.