SFSNX vs. SFLNX

Last updated Jun 24, 2026

SFSNX (Schwab Fundamental US Small Company Index Fund) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - SFSNX is a Small Cap Blend Equities fund managed by Charles Schwab, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Over the past 10 years, SFSNX returned 11.45%/yr vs 14.51%/yr for SFLNX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

SFSNX vs. SFLNX - Performance Comparison

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

Returns By Period

In the year-to-date period, SFSNX achieves a 17.61% return, which is significantly higher than SFLNX's 14.75% return. Over the past 10 years, SFSNX has underperformed SFLNX with an annualized return of 11.45%, while SFLNX has yielded a comparatively higher 14.51% annualized return.

SFSNX

• 1D: 0.00%
• 1M: 3.65%
• YTD: 17.61%
• 6M: 15.83%
• 1Y: 32.68%
• 3Y*: 16.84%
• 5Y*: 7.88%
• 10Y*: 11.45%

SFLNX

• 1D: 0.16%
• 1M: 0.96%
• YTD: 14.75%
• 6M: 14.18%
• 1Y: 30.90%
• 3Y*: 20.51%
• 5Y*: 13.50%
• 10Y*: 14.51%

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

SFSNX vs. SFLNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SFSNX Schwab Fundamental US Small Company Index Fund	17.61%	7.66%	8.99%	20.15%	-14.79%	30.91%	8.49%	24.44%	-12.26%	12.84%
SFLNX Schwab Fundamental US Large Company Index Fund	14.75%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	17.08%

Correlation

The correlation between SFSNX and SFLNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.91

The correlation between SFSNX and SFLNX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

SFSNX vs. SFLNX - Sectors Allocation Comparison

Sectors	SFSNX	SFLNX
Industrials	19.3%	9.1%
Technology	16.2%	22.2%
Financial Services	14.1%	13.3%
Consumer Cyclical	12.2%	9.2%
Real Estate	9.8%	1.7%
Healthcare	7.1%	11.9%
Energy	5.5%	9.3%
Basic Materials	5.2%	3.6%
Communication Services	4.0%	9.9%
Consumer Defensive	3.9%	7.0%
Utilities	2.7%	3.0%

Return for Risk

SFSNX vs. SFLNX — Risk / Return Rank

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

SFSNX

SFSNX Risk / Return Rank: 59
SFSNX Sharpe Ratio Rank: 52
SFSNX Sortino Ratio Rank: 53
SFSNX Omega Ratio Rank: 45
SFSNX Calmar Ratio Rank: 82
SFSNX Martin Ratio Rank: 64

SFLNX

SFLNX Risk / Return Rank: 92
SFLNX Sharpe Ratio Rank: 94
SFLNX Sortino Ratio Rank: 91
SFLNX Omega Ratio Rank: 86
SFLNX Calmar Ratio Rank: 95
SFLNX Martin Ratio Rank: 95

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.

SFSNX vs. SFLNX - Risk-Adjusted Trends Comparison

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

	SFSNX	SFLNX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.00	-1.05
Sortino ratio: Return per unit of downside risk	2.81	4.14	-1.33
Omega ratio: Gain probability vs. loss probability	1.34	1.55	-0.21
Calmar ratio: Return relative to maximum drawdown	3.61	5.23	-1.61
Martin ratio: Return relative to average drawdown	11.79	20.28	-8.49

SFSNX vs. SFLNX - Sharpe Ratio Comparison

The current SFSNX Sharpe Ratio is 1.96, which is lower than the SFLNX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of SFSNX and SFLNX, 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

SFSNX vs. SFLNX - Drawdown Comparison

The maximum SFSNX drawdown since its inception was -58.32%, roughly equal to the maximum SFLNX drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for SFSNX and SFLNX.

Drawdown Indicators

	SFSNX	SFLNX	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-56.18%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-6.10%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	-16.27%	-9.64%
Max Drawdown (5Y) Largest decline over 5 years	-25.91%	-18.98%	-6.93%
Max Drawdown (10Y) Largest decline over 10 years	-44.82%	-37.59%	-7.23%
Current Drawdown Current decline from peak	-0.54%	-1.02%	+0.48%
Average Drawdown Average peak-to-trough decline	-8.30%	-6.00%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.57%	+1.32%

Volatility

SFSNX vs. SFLNX - Volatility Comparison

Schwab Fundamental US Small Company Index Fund (SFSNX) has a higher volatility of 5.02% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 3.37%. This indicates that SFSNX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFSNX	SFLNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	3.37%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	7.79%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	10.64%	+6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	15.26%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	18.42%	+4.88%

SFSNX vs. SFLNX - Expense Ratio Comparison

Both SFSNX and SFLNX have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SFSNX vs. SFLNX - Dividend Comparison

SFSNX's dividend yield for the trailing twelve months is around 1.16%, less than SFLNX's 1.46% 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%
SFSNX Schwab Fundamental US Small Company Index Fund	1.16%	1.36%	1.71%	1.37%	7.05%	12.27%	1.42%	3.66%	11.55%	6.88%	1.86%	6.37%

Frequently Asked Questions

Can I hold both SFSNX and SFLNX in my portfolio?

SFSNX and SFLNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFSNX or SFLNX?

SFSNX has higher volatility (5.02%) compared to SFLNX (3.37%). In terms of maximum drawdown, SFSNX dropped -58.32% vs SFLNX's -56.18%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (3.00 vs 1.96), 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.