SELCX vs. SWLGX

Last updated Jun 26, 2026

SELCX (SEI Institutional Managed Trust Large Cap Growth Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, SELCX returned 13.13%/yr vs 13.05%/yr for SWLGX. With a 0.98 correlation, they move nearly in lockstep. SELCX charges 0.89%/yr vs 0.04%/yr for SWLGX.

Performance

SELCX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Large Cap Growth Fund (SELCX) 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, SELCX achieves a 8.04% return, which is significantly higher than SWLGX's 1.43% return.

SELCX

• 1D: 0.04%
• 1M: -2.56%
• YTD: 8.04%
• 6M: 6.50%
• 1Y: 21.82%
• 3Y*: 23.77%
• 5Y*: 13.13%
• 10Y*: 17.60%

SWLGX

• 1D: -0.11%
• 1M: -4.61%
• YTD: 1.43%
• 6M: -0.06%
• 1Y: 15.85%
• 3Y*: 21.90%
• 5Y*: 13.05%
• 10Y*: —

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

SELCX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SELCX SEI Institutional Managed Trust Large Cap Growth Fund	8.04%	17.81%	32.24%	39.18%	-28.99%	25.73%	34.01%	33.21%	-0.93%	-0.63%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	1.43%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between SELCX and SWLGX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.98

The correlation between SELCX and SWLGX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

SELCX vs. SWLGX — Risk / Return Rank

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

SELCX

SELCX Risk / Return Rank: 37
SELCX Sharpe Ratio Rank: 37
SELCX Sortino Ratio Rank: 34
SELCX Omega Ratio Rank: 34
SELCX Calmar Ratio Rank: 36
SELCX Martin Ratio Rank: 43

SWLGX

SWLGX Risk / Return Rank: 16
SWLGX Sharpe Ratio Rank: 18
SWLGX Sortino Ratio Rank: 17
SWLGX Omega Ratio Rank: 18
SWLGX Calmar Ratio Rank: 14
SWLGX Martin Ratio Rank: 15

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.

SELCX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Growth Fund (SELCX) 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.

	SELCX	SWLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.01	+0.44
Sortino ratio: Return per unit of downside risk	2.00	1.44	+0.56
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.95	1.01	+0.94
Martin ratio: Return relative to average drawdown	7.97	3.29	+4.68

SELCX vs. SWLGX - Sharpe Ratio Comparison

The current SELCX Sharpe Ratio is 1.45, which is higher than the SWLGX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of SELCX 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

SELCX vs. SWLGX - Drawdown Comparison

The maximum SELCX drawdown since its inception was -68.55%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SELCX and SWLGX.

Drawdown Indicators

	SELCX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-68.55%	-32.69%	-35.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-16.16%	+4.84%
Max Drawdown (3Y) Largest decline over 3 years	-34.96%	-23.30%	-11.66%
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	-32.69%	-2.27%
Max Drawdown (10Y) Largest decline over 10 years	-34.96%	—	—
Current Drawdown Current decline from peak	-4.55%	-6.96%	+2.41%
Average Drawdown Average peak-to-trough decline	-22.32%	-7.04%	-15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	4.95%	-2.19%

Volatility

SELCX vs. SWLGX - Volatility Comparison

SEI Institutional Managed Trust Large Cap Growth Fund (SELCX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX) have volatilities of 5.92% and 6.08%, 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

	SELCX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	6.08%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	12.58%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	16.24%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.53%	21.62%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.26%	22.68%	+0.58%

SELCX vs. SWLGX - Expense Ratio Comparison

SELCX has a 0.89% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

SELCX vs. SWLGX - Dividend Comparison

SELCX's dividend yield for the trailing twelve months is around 21.48%, more than SWLGX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SELCX SEI Institutional Managed Trust Large Cap Growth Fund	21.48%	23.21%	22.18%	16.86%	8.18%	13.35%	9.37%	5.94%	14.76%	8.57%	0.11%	19.07%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.45%	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 SELCX and SWLGX in my portfolio?

With a correlation of 0.95, SELCX 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, SELCX or SWLGX?

SWLGX has higher volatility (6.08%) compared to SELCX (5.92%). In terms of maximum drawdown, SELCX dropped -68.55% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SELCX currently has the higher Sharpe Ratio (1.45 vs 1.01), 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.