SFENX vs. SWLSX

Last updated Jun 4, 2026

SFENX (Schwab Fundamental Emerging Markets Large Company Index Fund) and SWLSX (Schwab Large-Cap Growth Fund™) are both mutual funds - SFENX is a Emerging Markets Diversified fund managed by Charles Schwab, while SWLSX is a Large Cap Growth Equities fund managed by Charles Schwab. Over the past 10 years, SFENX returned 11.44%/yr vs 16.76%/yr for SWLSX. A 0.63 correlation means they provide meaningful diversification when combined. SFENX charges 0.39%/yr vs 0.99%/yr for SWLSX.

Performance

SFENX vs. SWLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) and Schwab Large-Cap Growth Fund™ (SWLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFENX achieves a 17.28% return, which is significantly higher than SWLSX's 11.17% return. Over the past 10 years, SFENX has underperformed SWLSX with an annualized return of 11.44%, while SWLSX has yielded a comparatively higher 16.76% annualized return.

SFENX

• 1D: 1.76%
• 1M: 4.72%
• YTD: 17.28%
• 6M: 18.13%
• 1Y: 39.03%
• 3Y*: 22.38%
• 5Y*: 10.10%
• 10Y*: 11.44%

SWLSX

• 1D: 0.08%
• 1M: 7.06%
• YTD: 11.17%
• 6M: 10.00%
• 1Y: 29.73%
• 3Y*: 24.86%
• 5Y*: 16.18%
• 10Y*: 16.76%

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

SFENX vs. SWLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SFENX Schwab Fundamental Emerging Markets Large Company Index Fund	17.28%	29.19%	12.31%	14.90%	-15.50%	13.91%	-3.01%	19.46%	-9.96%	26.44%
SWLSX Schwab Large-Cap Growth Fund™	11.17%	19.69%	29.41%	38.27%	-27.00%	29.03%	29.03%	31.02%	-7.93%	29.01%

Correlation

The correlation between SFENX and SWLSX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.63

The correlation between SFENX and SWLSX shifts across timeframes, from 0.49 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SFENX vs. SWLSX — Risk / Return Rank

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

SFENX

SFENX Risk / Return Rank: 86
SFENX Sharpe Ratio Rank: 91
SFENX Sortino Ratio Rank: 85
SFENX Omega Ratio Rank: 83
SFENX Calmar Ratio Rank: 87
SFENX Martin Ratio Rank: 82

SWLSX

SWLSX Risk / Return Rank: 35
SWLSX Sharpe Ratio Rank: 43
SWLSX Sortino Ratio Rank: 38
SWLSX Omega Ratio Rank: 39
SWLSX Calmar Ratio Rank: 26
SWLSX Martin Ratio Rank: 27

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.

SFENX vs. SWLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) and Schwab Large-Cap Growth Fund™ (SWLSX). 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.

	SFENX	SWLSX	Difference
Sharpe ratio: Return per unit of total volatility	3.02	1.92	+1.10
Sortino ratio: Return per unit of downside risk	4.03	2.60	+1.43
Omega ratio: Gain probability vs. loss probability	1.56	1.33	+0.22
Calmar ratio: Return relative to maximum drawdown	4.24	1.90	+2.34
Martin ratio: Return relative to average drawdown	15.52	6.56	+8.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFENX vs. SWLSX - Sharpe Ratio Comparison

The current SFENX Sharpe Ratio is 3.02, which is higher than the SWLSX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SFENX and SWLSX, 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

	SFENX	SWLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	1.92	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.77	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.81	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.57	-0.13

Drawdowns

SFENX vs. SWLSX - Drawdown Comparison

The maximum SFENX drawdown since its inception was -47.19%, smaller than the maximum SWLSX drawdown of -49.89%. Use the drawdown chart below to compare losses from any high point for SFENX and SWLSX.

Drawdown Indicators

	SFENX	SWLSX	Difference
Max Drawdown Largest peak-to-trough decline	-47.19%	-49.89%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.45%	-16.17%	+6.72%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-22.93%	+6.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.26%	-31.32%	+2.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.59%	-31.32%	-8.27%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.89%	-7.94%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	4.67%	-2.09%

Volatility

SFENX vs. SWLSX - Volatility Comparison

Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) has a higher volatility of 4.55% compared to Schwab Large-Cap Growth Fund™ (SWLSX) at 3.46%. This indicates that SFENX's price experiences larger fluctuations and is considered to be riskier than SWLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFENX	SWLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.46%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	12.26%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	16.02%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	21.04%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	20.84%	-3.92%

SFENX vs. SWLSX - Expense Ratio Comparison

SFENX has a 0.39% expense ratio, which is lower than SWLSX's 0.99% expense ratio.

Dividends

SFENX vs. SWLSX - Dividend Comparison

SFENX's dividend yield for the trailing twelve months is around 3.35%, more than SWLSX's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFENX Schwab Fundamental Emerging Markets Large Company Index Fund	3.35%	3.93%	4.67%	5.00%	5.46%	4.61%	2.95%	3.82%	2.90%	2.37%	2.16%	3.23%
SWLSX Schwab Large-Cap Growth Fund™	1.05%	1.17%	0.11%	0.04%	2.07%	7.77%	1.07%	5.32%	12.35%	7.92%	4.46%	17.08%

Frequently Asked Questions

Can I hold both SFENX and SWLSX in my portfolio?

SFENX and SWLSX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFENX or SWLSX?

SFENX has higher volatility (4.55%) compared to SWLSX (3.46%). In terms of maximum drawdown, SFENX dropped -47.19% vs SWLSX's -49.89%.

Which has better risk-adjusted returns?

SFENX currently has the higher Sharpe Ratio (3.02 vs 1.92), 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.