SCHG vs. SWLRX

Last updated Apr 9, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and SWLRX (Schwab Monthly Income Fund - Maximum Payout) are both funds — SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SWLRX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, SCHG returned 17.47%/yr vs 3.40%/yr for SWLRX. At 0.43, their price movements are largely independent. SCHG charges 0.04%/yr vs 0.00%/yr for SWLRX.

Performance

SCHG vs. SWLRX - 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 Monthly Income Fund - Maximum Payout (SWLRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a -6.84% return, which is significantly lower than SWLRX's 2.43% return. Over the past 10 years, SCHG has outperformed SWLRX with an annualized return of 17.47%, while SWLRX has yielded a comparatively lower 3.40% annualized return.

SCHG

• 1D: 2.43%
• 1M: -1.66%
• YTD: -6.84%
• 6M: -6.47%
• 1Y: 36.84%
• 3Y*: 23.75%
• 5Y*: 12.49%
• 10Y*: 17.47%

SWLRX

• 1D: 0.10%
• 1M: -1.01%
• YTD: 2.43%
• 6M: 4.26%
• 1Y: 13.94%
• 3Y*: 6.96%
• 5Y*: 2.55%
• 10Y*: 3.40%

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

SCHG vs. SWLRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	-6.84%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
SWLRX Schwab Monthly Income Fund - Maximum Payout	2.43%	9.85%	3.75%	8.04%	-12.49%	2.33%	6.93%	11.18%	-2.31%	5.64%

Correlation

The correlation between SCHG and SWLRX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 14, 2009	0.43

The correlation between SCHG and SWLRX shifts across timeframes, from 0.32 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

SCHG vs. SWLRX - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is higher than SWLRX's 0.00% 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%.

Return for Risk

SCHG vs. SWLRX — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 48
SCHG Sharpe Ratio Rank: 47
SCHG Sortino Ratio Rank: 53
SCHG Omega Ratio Rank: 52
SCHG Calmar Ratio Rank: 45
SCHG Martin Ratio Rank: 44

SWLRX

SWLRX Risk / Return Rank: 86
SWLRX Sharpe Ratio Rank: 87
SWLRX Sortino Ratio Rank: 90
SWLRX Omega Ratio Rank: 87
SWLRX Calmar Ratio Rank: 83
SWLRX Martin Ratio Rank: 82

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. SWLRX - 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 Monthly Income Fund - Maximum Payout (SWLRX). 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.

	SCHG	SWLRX	Difference
Sharpe ratio Return per unit of total volatility	1.78	2.65	-0.87
Sortino ratio Return per unit of downside risk	2.81	3.98	-1.17
Omega ratio Gain probability vs. loss probability	1.37	1.54	-0.17
Calmar ratio Return relative to maximum drawdown	2.13	2.73	-0.60
Martin ratio Return relative to average drawdown	7.30	10.73	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. SWLRX - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.78, which is lower than the SWLRX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SCHG and SWLRX, 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

	SCHG	SWLRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.65	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.42	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.67	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.81	0.00

Drawdowns

SCHG vs. SWLRX - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than SWLRX's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for SCHG and SWLRX.

Drawdown Indicators

	SCHG	SWLRX	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-18.60%	-15.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-3.49%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-18.60%	-15.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-18.60%	-15.99%
Current Drawdown Current decline from peak	-9.72%	-2.49%	-7.23%
Average Drawdown Average peak-to-trough decline	-5.23%	-2.37%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	0.89%	+3.91%

Volatility

SCHG vs. SWLRX - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 6.93% compared to Schwab Monthly Income Fund - Maximum Payout (SWLRX) at 1.83%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than SWLRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	SWLRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	1.83%	+5.10%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	3.12%	+9.62%
Volatility (1Y) Calculated over the trailing 1-year period	20.95%	5.21%	+15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	6.17%	+16.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	5.10%	+16.42%

Dividends

SCHG vs. SWLRX - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.41%, less than SWLRX's 4.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.41%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
SWLRX Schwab Monthly Income Fund - Maximum Payout	4.20%	4.63%	4.94%	4.10%	4.63%	3.07%	2.19%	3.22%	3.30%	2.47%	4.00%	4.31%