OAZMX vs. SWLVX

Last updated Jun 5, 2026

OAZMX (Oakmark Fund R6 Class) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, OAZMX returned 9.27%/yr vs 10.33%/yr for SWLVX. Their correlation of 0.91 suggests significant overlap in exposure. OAZMX charges 0.62%/yr vs 0.04%/yr for SWLVX.

Performance

OAZMX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Fund R6 Class (OAZMX) 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, OAZMX achieves a -2.17% return, which is significantly lower than SWLVX's 14.21% return.

OAZMX

• 1D: -1.38%
• 1M: -2.16%
• YTD: -2.17%
• 6M: 0.38%
• 1Y: 10.63%
• 3Y*: 14.82%
• 5Y*: 9.27%
• 10Y*: —

SWLVX

• 1D: -0.05%
• 1M: 3.11%
• YTD: 14.21%
• 6M: 14.80%
• 1Y: 28.75%
• 3Y*: 18.55%
• 5Y*: 10.33%
• 10Y*: —

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

OAZMX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OAZMX Oakmark Fund R6 Class	-2.17%	14.45%	16.33%	31.29%	-13.16%	34.59%	1.81%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.21%	15.87%	14.36%	11.45%	-7.61%	25.15%	1.52%

Correlation

The correlation between OAZMX and SWLVX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.91

The correlation between OAZMX and SWLVX shifts across timeframes, from 0.78 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OAZMX vs. SWLVX — Risk / Return Rank

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

OAZMX

OAZMX Risk / Return Rank: 13
OAZMX Sharpe Ratio Rank: 10
OAZMX Sortino Ratio Rank: 11
OAZMX Omega Ratio Rank: 10
OAZMX Calmar Ratio Rank: 18
OAZMX Martin Ratio Rank: 14

SWLVX

SWLVX Risk / Return Rank: 81
SWLVX Sharpe Ratio Rank: 80
SWLVX Sortino Ratio Rank: 77
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.

OAZMX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund R6 Class (OAZMX) 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.

	OAZMX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.63	-1.84
Sortino ratio: Return per unit of downside risk	1.21	3.71	-2.50
Omega ratio: Gain probability vs. loss probability	1.14	1.48	-0.33
Calmar ratio: Return relative to maximum drawdown	1.48	4.16	-2.67
Martin ratio: Return relative to average drawdown	3.80	17.49	-13.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAZMX vs. SWLVX - Sharpe Ratio Comparison

The current OAZMX Sharpe Ratio is 0.79, which is lower than the SWLVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of OAZMX 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

	OAZMX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.63	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.70	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.57	+0.20

Drawdowns

OAZMX vs. SWLVX - Drawdown Comparison

The maximum OAZMX drawdown since its inception was -23.54%, smaller than the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for OAZMX and SWLVX.

Drawdown Indicators

	OAZMX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-23.54%	-38.34%	+14.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.82%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-15.61%	-1.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-19.05%	-4.49%
Current Drawdown Current decline from peak	-4.69%	-0.05%	-4.64%
Average Drawdown Average peak-to-trough decline	-4.73%	-4.84%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.62%	+1.08%

Volatility

OAZMX vs. SWLVX - Volatility Comparison

Oakmark Fund R6 Class (OAZMX) has a higher volatility of 3.21% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 3.01%. This indicates that OAZMX'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

	OAZMX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.01%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	8.15%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	10.80%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	14.86%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	18.55%	-0.36%

OAZMX vs. SWLVX - Expense Ratio Comparison

OAZMX has a 0.62% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

OAZMX vs. SWLVX - Dividend Comparison

OAZMX's dividend yield for the trailing twelve months is around 1.22%, less than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
OAZMX Oakmark Fund R6 Class	1.22%	1.20%	1.38%	1.26%	1.22%	1.72%	0.00%	0.00%	0.00%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.77%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%

Frequently Asked Questions

Can I hold both OAZMX and SWLVX in my portfolio?

OAZMX and SWLVX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAZMX or SWLVX?

OAZMX has higher volatility (3.21%) compared to SWLVX (3.01%). In terms of maximum drawdown, OAZMX dropped -23.54% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.63 vs 0.79), 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.