SFLNX vs. SWOBX

Last updated Jun 4, 2026

SFLNX (Schwab Fundamental US Large Company Index Fund) and SWOBX (Schwab Balanced Fund™) are both mutual funds - SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index, while SWOBX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, SFLNX returned 14.26%/yr vs 8.92%/yr for SWOBX. Their correlation of 0.89 suggests significant overlap in exposure. SFLNX charges 0.25%/yr vs 0.00%/yr for SWOBX.

Performance

SFLNX vs. SWOBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental US Large Company Index Fund (SFLNX) and Schwab Balanced Fund™ (SWOBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFLNX achieves a 14.66% return, which is significantly higher than SWOBX's 6.26% return. Over the past 10 years, SFLNX has outperformed SWOBX with an annualized return of 14.26%, while SWOBX has yielded a comparatively lower 8.92% annualized return.

SFLNX

• 1D: 0.46%
• 1M: 4.08%
• YTD: 14.66%
• 6M: 14.73%
• 1Y: 32.46%
• 3Y*: 20.93%
• 5Y*: 12.96%
• 10Y*: 14.26%

SWOBX

• 1D: 0.05%
• 1M: 3.09%
• YTD: 6.26%
• 6M: 6.11%
• 1Y: 17.29%
• 3Y*: 13.39%
• 5Y*: 6.93%
• 10Y*: 8.92%

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

SFLNX vs. SWOBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SFLNX Schwab Fundamental US Large Company Index Fund	14.66%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	17.08%
SWOBX Schwab Balanced Fund™	6.26%	12.76%	12.51%	18.25%	-18.86%	14.76%	14.73%	20.13%	-4.35%	15.52%

Correlation

The correlation between SFLNX and SWOBX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008	0.89

The correlation between SFLNX and SWOBX shifts across timeframes, from 0.77 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

SFLNX vs. SWOBX - Sectors Allocation Comparison

Sectors	SFLNX	SWOBX
Technology	19.0%	34.8%
Financial Services	13.9%	9.2%
Healthcare	11.9%	10.7%
Communication Services	10.3%	10.0%
Energy	10.2%	4.0%
Industrials	9.4%	11.1%
Consumer Cyclical	9.2%	9.7%
Consumer Defensive	7.4%	4.2%
Basic Materials	3.7%	2.7%
Utilities	3.2%	2.6%
Real Estate	1.8%	1.1%

Return for Risk

SFLNX vs. SWOBX — Risk / Return Rank

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

SFLNX

SFLNX Risk / Return Rank: 92
SFLNX Sharpe Ratio Rank: 94
SFLNX Sortino Ratio Rank: 92
SFLNX Omega Ratio Rank: 87
SFLNX Calmar Ratio Rank: 94
SFLNX Martin Ratio Rank: 94

SWOBX

SWOBX Risk / Return Rank: 51
SWOBX Sharpe Ratio Rank: 49
SWOBX Sortino Ratio Rank: 49
SWOBX Omega Ratio Rank: 48
SWOBX Calmar Ratio Rank: 49
SWOBX Martin Ratio Rank: 60

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.

SFLNX vs. SWOBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental US Large Company Index Fund (SFLNX) and Schwab Balanced Fund™ (SWOBX). 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.

	SFLNX	SWOBX	Difference
Sharpe ratio Return per unit of total volatility	3.23	2.06	+1.17
Sortino ratio Return per unit of downside risk	4.50	2.96	+1.55
Omega ratio Gain probability vs. loss probability	1.59	1.38	+0.21
Calmar ratio Return relative to maximum drawdown	5.47	2.68	+2.79
Martin ratio Return relative to average drawdown	21.47	11.90	+9.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFLNX vs. SWOBX - Sharpe Ratio Comparison

The current SFLNX Sharpe Ratio is 3.23, which is higher than the SWOBX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SFLNX and SWOBX, 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

	SFLNX	SWOBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.23	2.06	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.50	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.70	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.61	-0.07

Drawdowns

SFLNX vs. SWOBX - Drawdown Comparison

The maximum SFLNX drawdown since its inception was -56.18%, which is greater than SWOBX's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SFLNX and SWOBX.

Drawdown Indicators

	SFLNX	SWOBX	Difference
Max Drawdown Largest peak-to-trough decline	-56.18%	-35.99%	-20.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-6.58%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-11.72%	-4.55%
Max Drawdown (5Y) Largest decline over 5 years	-18.98%	-28.30%	+9.32%
Max Drawdown (10Y) Largest decline over 10 years	-37.59%	-28.30%	-9.29%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.01%	-6.21%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.48%	+0.07%

Volatility

SFLNX vs. SWOBX - Volatility Comparison

Schwab Fundamental US Large Company Index Fund (SFLNX) and Schwab Balanced Fund™ (SWOBX) have volatilities of 2.48% and 2.53%, 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

	SFLNX	SWOBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	2.53%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	6.74%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	8.58%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	13.96%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	12.88%	+5.52%

SFLNX vs. SWOBX - Expense Ratio Comparison

SFLNX has a 0.25% expense ratio, which is higher than SWOBX'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%.

Dividends

SFLNX vs. SWOBX - Dividend Comparison

SFLNX's dividend yield for the trailing twelve months is around 1.46%, less than SWOBX's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFLNX Schwab Fundamental US Large Company Index Fund	1.46%	1.68%	1.78%	1.86%	2.09%	4.78%	6.17%	5.33%	9.69%	3.28%	7.23%	5.68%
SWOBX Schwab Balanced Fund™	5.15%	5.47%	4.94%	5.67%	10.21%	6.47%	2.97%	5.21%	7.11%	3.20%	7.83%	7.66%

Frequently Asked Questions

Can I hold both SFLNX and SWOBX in my portfolio?

SFLNX and SWOBX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFLNX or SWOBX?

SWOBX has higher volatility (2.53%) compared to SFLNX (2.48%). In terms of maximum drawdown, SFLNX dropped -56.18% vs SWOBX's -35.99%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (3.23 vs 2.06), 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.