OLGAX vs. SCHG

Last updated Jun 24, 2026

OLGAX (JPMorgan Large Cap Growth Fund Class A) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both Large Cap Growth Equities funds. OLGAX is actively managed, while SCHG is passively managed. Over the past 10 years, OLGAX returned 19.97%/yr vs 18.65%/yr for SCHG. With a 0.96 correlation, they move nearly in lockstep. OLGAX charges 0.94%/yr vs 0.04%/yr for SCHG.

Performance

OLGAX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth Fund Class A (OLGAX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OLGAX achieves a 6.37% return, which is significantly higher than SCHG's 1.35% return. Over the past 10 years, OLGAX has outperformed SCHG with an annualized return of 19.97%, while SCHG has yielded a comparatively lower 18.65% annualized return.

OLGAX

• 1D: -0.17%
• 1M: 1.14%
• YTD: 6.37%
• 6M: 4.69%
• 1Y: 18.50%
• 3Y*: 21.89%
• 5Y*: 12.33%
• 10Y*: 19.97%

SCHG

• 1D: -1.37%
• 1M: -3.93%
• YTD: 1.35%
• 6M: 0.09%
• 1Y: 17.91%
• 3Y*: 22.13%
• 5Y*: 13.27%
• 10Y*: 18.65%

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

OLGAX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLGAX JPMorgan Large Cap Growth Fund Class A	6.37%	13.79%	34.85%	34.28%	-25.58%	17.87%	55.60%	38.81%	0.23%	37.75%
SCHG Schwab U.S. Large-Cap Growth ETF	1.35%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between OLGAX and SCHG is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.96

The correlation between OLGAX and SCHG has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

OLGAX vs. SCHG — Risk / Return Rank

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

OLGAX

OLGAX Risk / Return Rank: 17
OLGAX Sharpe Ratio Rank: 20
OLGAX Sortino Ratio Rank: 19
OLGAX Omega Ratio Rank: 20
OLGAX Calmar Ratio Rank: 14
OLGAX Martin Ratio Rank: 13

SCHG

SCHG Risk / Return Rank: 28
SCHG Sharpe Ratio Rank: 31
SCHG Sortino Ratio Rank: 30
SCHG Omega Ratio Rank: 30
SCHG Calmar Ratio Rank: 23
SCHG Martin Ratio Rank: 27

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.

OLGAX vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund Class A (OLGAX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	OLGAX	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.11	+0.10
Sortino ratio: Return per unit of downside risk	1.69	1.56	+0.13
Omega ratio: Gain probability vs. loss probability	1.22	1.20	+0.02
Calmar ratio: Return relative to maximum drawdown	1.19	1.10	+0.09
Martin ratio: Return relative to average drawdown	3.35	3.58	-0.23

OLGAX vs. SCHG - Sharpe Ratio Comparison

The current OLGAX Sharpe Ratio is 1.21, which is comparable to the SCHG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of OLGAX and SCHG, 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

OLGAX vs. SCHG - Drawdown Comparison

The maximum OLGAX drawdown since its inception was -63.25%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for OLGAX and SCHG.

Drawdown Indicators

	OLGAX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-63.25%	-34.59%	-28.66%
Max Drawdown (1Y) Largest decline over 1 year	-16.92%	-16.41%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-23.39%	+1.84%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-34.59%	+3.25%
Max Drawdown (10Y) Largest decline over 10 years	-31.87%	-34.59%	+2.72%
Current Drawdown Current decline from peak	-1.27%	-6.46%	+5.19%
Average Drawdown Average peak-to-trough decline	-18.68%	-5.20%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	5.02%	+0.97%

Volatility

OLGAX vs. SCHG - Volatility Comparison

JPMorgan Large Cap Growth Fund Class A (OLGAX) has a higher volatility of 6.59% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.91%. This indicates that OLGAX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OLGAX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	5.91%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	12.52%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	16.24%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	22.38%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	21.58%	+0.08%

OLGAX vs. SCHG - Expense Ratio Comparison

OLGAX has a 0.94% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

OLGAX vs. SCHG - Dividend Comparison

OLGAX's dividend yield for the trailing twelve months is around 11.11%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OLGAX JPMorgan Large Cap Growth Fund Class A	11.11%	11.82%	2.06%	0.00%	3.20%	15.30%	5.32%	13.03%	16.18%	14.92%	9.94%	4.51%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both OLGAX and SCHG in my portfolio?

With a correlation of 0.93, OLGAX and SCHG 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, OLGAX or SCHG?

OLGAX has higher volatility (6.59%) compared to SCHG (5.91%). In terms of maximum drawdown, OLGAX dropped -63.25% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

OLGAX currently has the higher Sharpe Ratio (1.21 vs 1.11), 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.