SCHG vs. SWLGX

Last updated Jun 13, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds from Charles Schwab - SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index while SWLGX tracks the Russell 1000 Growth Index. Both are passively managed. Over the past 5 years, SCHG returned 14.33%/yr vs 14.07%/yr for SWLGX. With a 0.99 correlation, they move nearly in lockstep. SCHG charges 0.04%/yr vs 0.04%/yr for SWLGX.

Performance

SCHG vs. SWLGX - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHG achieves a 2.58% return, which is significantly lower than SWLGX's 2.97% return.

SCHG

• 1D: 0.12%
• 1M: -3.66%
• YTD: 2.58%
• 6M: 2.96%
• 1Y: 20.32%
• 3Y*: 22.68%
• 5Y*: 14.33%
• 10Y*: 18.50%

SWLGX

• 1D: 1.63%
• 1M: -3.37%
• YTD: 2.97%
• 6M: 3.50%
• 1Y: 20.58%
• 3Y*: 22.79%
• 5Y*: 14.07%
• 10Y*: —

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

SCHG vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	2.58%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	-0.79%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	2.97%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between SCHG and SWLGX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.99

The correlation between SCHG and SWLGX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

SCHG vs. SWLGX - Sectors Allocation Comparison

Sectors	SCHG	SWLGX
Technology	46.3%	51.4%
Communication Services	16.0%	13.2%
Consumer Cyclical	12.7%	13.2%
Healthcare	7.7%	7.1%
Financial Services	6.7%	5.4%
Industrials	5.8%	5.7%
Consumer Defensive	1.7%	2.7%
Basic Materials	1.4%	0.3%
Energy	0.8%	0.4%
Real Estate	0.5%	0.4%
Utilities	0.4%	0.3%

Return for Risk

SCHG vs. SWLGX — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 37
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 36
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

SWLGX

SWLGX Risk / Return Rank: 25
SWLGX Sharpe Ratio Rank: 29
SWLGX Sortino Ratio Rank: 27
SWLGX Omega Ratio Rank: 28
SWLGX Calmar Ratio Rank: 19
SWLGX Martin Ratio Rank: 20

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.

SCHG vs. SWLGX - Risk-Adjusted Trends Comparison

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

	SCHG	SWLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.23	-0.05
Sortino ratio: Return per unit of downside risk	1.64	1.71	-0.07
Omega ratio: Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	1.14	1.22	-0.07
Martin ratio: Return relative to average drawdown	3.78	4.03	-0.26

SCHG vs. SWLGX - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.18, which is comparable to the SWLGX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SCHG and SWLGX, 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

SCHG vs. SWLGX - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SCHG and SWLGX.

Drawdown Indicators

	SCHG	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-32.69%	-1.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-16.16%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-23.30%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-32.69%	-1.90%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-5.33%	-5.55%	+0.22%
Average Drawdown Average peak-to-trough decline	-5.20%	-7.04%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	4.86%	+0.10%

Volatility

SCHG vs. SWLGX - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.14%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 5.46%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.46%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	12.42%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	15.98%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	21.57%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	22.69%	-1.11%

SCHG vs. SWLGX - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is higher than SWLGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHG vs. SWLGX - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.38%, less than SWLGX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.44%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCHG and SWLGX in my portfolio?

With a correlation of 0.99, SCHG and SWLGX 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, SCHG or SWLGX?

SWLGX has higher volatility (5.46%) compared to SCHG (5.14%). In terms of maximum drawdown, SCHG dropped -34.59% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SWLGX currently has the higher Sharpe Ratio (1.23 vs 1.18), 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.