SAWMX vs. SAMKX

Last updated Jun 4, 2026

SAWMX (SA Worldwide Moderate Growth Fund) and SAMKX (SA U.S. Core Market Fund) are both mutual funds - SAWMX is a Global Allocation fund managed by SA Funds, while SAMKX is a Large Cap Blend Equities fund managed by SA Funds. Over the past 10 years, SAWMX returned 8.75%/yr vs 14.68%/yr for SAMKX. Their correlation of 0.86 suggests significant overlap in exposure. SAWMX charges 0.00%/yr vs 0.67%/yr for SAMKX.

Performance

SAWMX vs. SAMKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SA Worldwide Moderate Growth Fund (SAWMX) and SA U.S. Core Market Fund (SAMKX). 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 SAWMX having a 10.67% return and SAMKX slightly higher at 10.70%. Over the past 10 years, SAWMX has underperformed SAMKX with an annualized return of 8.75%, while SAMKX has yielded a comparatively higher 14.68% annualized return.

SAWMX

• 1D: 0.50%
• 1M: 3.47%
• YTD: 10.67%
• 6M: 11.91%
• 1Y: 24.09%
• 3Y*: 14.80%
• 5Y*: 8.01%
• 10Y*: 8.75%

SAMKX

• 1D: 0.20%
• 1M: 5.03%
• YTD: 10.70%
• 6M: 10.65%
• 1Y: 26.48%
• 3Y*: 20.97%
• 5Y*: 12.86%
• 10Y*: 14.68%

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

SAWMX vs. SAMKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAWMX SA Worldwide Moderate Growth Fund	10.67%	18.15%	6.40%	13.60%	-8.96%	16.67%	4.12%	17.03%	-7.87%	13.89%
SAMKX SA U.S. Core Market Fund	10.70%	15.80%	22.80%	25.81%	-18.91%	25.66%	18.88%	30.56%	-4.69%	22.20%

Correlation

The correlation between SAWMX and SAMKX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.86

The correlation between SAWMX and SAMKX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

SAWMX vs. SAMKX — Risk / Return Rank

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

SAWMX

SAWMX Risk / Return Rank: 94
SAWMX Sharpe Ratio Rank: 97
SAWMX Sortino Ratio Rank: 96
SAWMX Omega Ratio Rank: 93
SAWMX Calmar Ratio Rank: 90
SAWMX Martin Ratio Rank: 91

SAMKX

SAMKX Risk / Return Rank: 78
SAMKX Sharpe Ratio Rank: 82
SAMKX Sortino Ratio Rank: 78
SAMKX Omega Ratio Rank: 72
SAMKX Calmar Ratio Rank: 77
SAMKX Martin Ratio Rank: 83

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.

SAWMX vs. SAMKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SA Worldwide Moderate Growth Fund (SAWMX) and SA U.S. Core Market Fund (SAMKX). 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.

	SAWMX	SAMKX	Difference
Sharpe ratio: Return per unit of total volatility	3.73	2.66	+1.07
Sortino ratio: Return per unit of downside risk	5.49	3.76	+1.73
Omega ratio: Gain probability vs. loss probability	1.72	1.48	+0.24
Calmar ratio: Return relative to maximum drawdown	4.72	3.49	+1.23
Martin ratio: Return relative to average drawdown	18.74	15.78	+2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAWMX vs. SAMKX - Sharpe Ratio Comparison

The current SAWMX Sharpe Ratio is 3.73, which is higher than the SAMKX Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of SAWMX and SAMKX, 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

	SAWMX	SAMKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.73	2.66	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.79	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.85	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.88	-0.07

Drawdowns

SAWMX vs. SAMKX - Drawdown Comparison

The maximum SAWMX drawdown since its inception was -30.56%, smaller than the maximum SAMKX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for SAWMX and SAMKX.

Drawdown Indicators

	SAWMX	SAMKX	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	-33.77%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-8.75%	+2.96%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-19.29%	+7.43%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-24.88%	+7.31%
Max Drawdown (10Y) Largest decline over 10 years	-30.56%	-33.77%	+3.21%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.69%	-3.93%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	1.86%	-0.47%

Volatility

SAWMX vs. SAMKX - Volatility Comparison

The current volatility for SA Worldwide Moderate Growth Fund (SAWMX) is 2.03%, while SA U.S. Core Market Fund (SAMKX) has a volatility of 2.29%. This indicates that SAWMX experiences smaller price fluctuations and is considered to be less risky than SAMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAWMX	SAMKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	2.29%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	8.58%	-3.05%
Volatility (1Y) Calculated over the trailing 1-year period	7.31%	11.48%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	16.85%	-6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.10%	17.53%	-6.43%

SAWMX vs. SAMKX - Expense Ratio Comparison

SAWMX has a 0.00% expense ratio, which is lower than SAMKX's 0.67% expense ratio.

Dividends

SAWMX vs. SAMKX - Dividend Comparison

SAWMX's dividend yield for the trailing twelve months is around 5.38%, more than SAMKX's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAMKX SA U.S. Core Market Fund	0.60%	0.66%	0.69%	0.86%	5.83%	7.72%	8.08%	12.72%	6.46%	4.09%	6.20%	0.89%
SAWMX SA Worldwide Moderate Growth Fund	5.38%	5.95%	3.34%	4.20%	8.36%	4.52%	4.88%	5.66%	6.82%	1.28%	1.96%	0.00%

Frequently Asked Questions

Can I hold both SAWMX and SAMKX in my portfolio?

SAWMX and SAMKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAWMX or SAMKX?

SAMKX has higher volatility (2.29%) compared to SAWMX (2.03%). In terms of maximum drawdown, SAWMX dropped -30.56% vs SAMKX's -33.77%.

Which has better risk-adjusted returns?

SAWMX currently has the higher Sharpe Ratio (3.73 vs 2.66), 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.