SCHB vs. SWANX

Last updated Aug 6, 2026

SCHB (Schwab U.S. Broad Market ETF) and SWANX (Schwab Core Equity Fund™) are both Large Cap Blend Equities funds from Charles Schwab. Over the past 10 years, SCHB returned 14.82%/yr vs 12.08%/yr for SWANX. Their 0.97 correlation means they have historically moved very closely together. SCHB charges 0.03%/yr vs 0.73%/yr for SWANX.

Performance

SCHB vs. SWANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Broad Market ETF (SCHB) and Schwab Core Equity Fund™ (SWANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHB achieves a 13.99% return, which is significantly higher than SWANX's 8.37% return. Over the past 10 years, SCHB has outperformed SWANX with an annualized return of 14.82%, while SWANX has yielded a comparatively lower 12.08% annualized return.

SCHB

• 1D: -0.20%
• 1M: 2.23%
• 6M: 13.09%
• YTD: 13.99%
• 1Y: 24.10%
• 3Y*: 21.03%
• 5Y*: 12.27%
• 10Y*: 14.82%
• ALL TIME*: 14.37%

SWANX

• 1D: 1.43%
• 1M: 4.22%
• 6M: 9.47%
• YTD: 8.37%
• 1Y: 10.37%
• 3Y*: 15.58%
• 5Y*: 9.44%
• 10Y*: 12.08%
• ALL TIME*: 9.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHB Schwab U.S. Broad Market ETF	$214.57M	$200.25M	$257.32M
SWANX Schwab Core Equity Fund™	$0.00	$0.00	$0.00

SCHB vs. SWANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHB Schwab U.S. Broad Market ETF	13.99%	16.94%	23.93%	26.16%	-19.46%	25.84%	20.76%	30.79%	-5.43%	21.20%
SWANX Schwab Core Equity Fund™	8.37%	6.61%	25.42%	22.83%	-18.00%	27.27%	11.95%	29.50%	-9.53%	24.26%

Correlation

The correlation between SCHB and SWANX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.97

The correlation between SCHB and SWANX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

SCHB vs. SWANX - Sectors Allocation Comparison

Sectors	SCHB	SWANX
Technology	35.8%	40.0%
Financial Services	11.9%	8.3%
Industrials	9.8%	8.3%
Healthcare	9.6%	8.9%
Consumer Cyclical	9.6%	7.5%
Communication Services	9.2%	11.9%
Consumer Defensive	4.4%	4.1%
Energy	3.2%	4.6%
Real Estate	2.4%	0.5%
Utilities	2.2%	4.5%
Basic Materials	1.9%	1.4%

Return for Risk

SCHB vs. SWANX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCHB

SCHB Risk / Return Rank: 71
SCHB Sharpe Ratio Rank: 70
SCHB Sortino Ratio Rank: 68
SCHB Omega Ratio Rank: 69
SCHB Calmar Ratio Rank: 68
SCHB Martin Ratio Rank: 79

SWANX

SWANX Risk / Return Rank: 13
SWANX Sharpe Ratio Rank: 14
SWANX Sortino Ratio Rank: 12
SWANX Omega Ratio Rank: 16
SWANX Calmar Ratio Rank: 10
SWANX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCHB vs. SWANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and Schwab Core Equity Fund™ (SWANX). 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.

	SCHB	SWANX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.63	+1.22
Sortino ratio: Return per unit of downside risk	2.55	0.88	+1.67
Omega ratio: Gain probability vs. loss probability	1.33	1.13	+0.20
Calmar ratio: Return relative to maximum drawdown	2.72	0.60	+2.12
Martin ratio: Return relative to average drawdown	11.64	1.67	+9.98

SCHB vs. SWANX - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 1.85, which is higher than the SWANX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of SCHB and SWANX, 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

SCHB vs. SWANX - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum SWANX drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for SCHB and SWANX.

Drawdown Indicators

	SCHB	SWANX	Difference
Max Drawdown Largest peak-to-trough decline	-35.27%	-51.33%	+16.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-15.58%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-18.43%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-23.72%	-1.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.27%	-34.66%	-0.61%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-4.09%	-11.24%	+7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	5.58%	-3.50%

Volatility

SCHB vs. SWANX - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) and Schwab Core Equity Fund™ (SWANX) have volatilities of 4.05% and 4.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHB	SWANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.23%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.39%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	14.79%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	17.12%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	18.14%	+0.19%

SCHB vs. SWANX - Expense Ratio Comparison

SCHB has a 0.03% expense ratio, which is lower than SWANX's 0.73% expense ratio.

Dividends

SCHB vs. SWANX - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.01%, while SWANX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHB Schwab U.S. Broad Market ETF	1.01%	1.11%	1.24%	1.40%	1.61%	1.21%	1.63%	1.80%	2.00%	1.65%	1.86%	2.00%
SWANX Schwab Core Equity Fund™	0.00%	0.00%	8.37%	2.89%	16.55%	28.81%	4.67%	2.88%	15.23%	11.59%	1.66%	17.05%

Frequently Asked Questions

Can I hold both SCHB and SWANX in my portfolio?

With a correlation of 0.92, SCHB and SWANX 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, SCHB or SWANX?

SWANX has higher volatility (4.23%) compared to SCHB (4.05%). In terms of maximum drawdown, SCHB dropped -35.27% vs SWANX's -51.33%.

Which has better risk-adjusted returns?

SCHB currently has the higher Sharpe Ratio (1.85 vs 0.63), 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.