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SFSNX vs. SFLNX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SFSNX vs. SFLNX

Last updated Aug 2, 2026
Documentation

SFSNX (Schwab Fundamental U.S. 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 tracking the RAFI Fundamental High Liquidity US Small Index, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Both are passively managed. Over the past 10 years, SFSNX returned 10.75%/yr vs 14.18%/yr for SFLNX. Their correlation of 0.91 means they have usually moved in the same direction. 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 U.S. 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.

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Returns By Period

In the year-to-date period, SFSNX achieves a 18.51% return, which is significantly higher than SFLNX's 17.37% return. Over the past 10 years, SFSNX has underperformed SFLNX with an annualized return of 10.75%, while SFLNX has yielded a comparatively higher 14.18% annualized return.

SFSNX

1D
0.31%
1M
-1.15%
6M
12.15%
YTD
18.51%
1Y
30.99%
3Y*
13.15%
5Y*
8.54%
10Y*
10.75%
ALL TIME*
10.05%

SFLNX

1D
0.51%
1M
1.26%
6M
12.56%
YTD
17.37%
1Y
32.13%
3Y*
18.83%
5Y*
13.76%
10Y*
14.18%
ALL TIME*
11.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SFLNX

Schwab Fundamental US Large Company Index Fund
$0.00$0.00$0.00

SFSNX

Schwab Fundamental U.S. Small Company Index Fund
$0.00$0.00$0.00

SFSNX vs. SFLNX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SFSNX
Schwab Fundamental U.S. Small Company Index Fund		18.51%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		17.37%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 0.86, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.86

Correlation (3Y)
Balances recent behavior with more history.

0.89

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.90

Correlation (10Y)
Provides a long-term view across more market conditions.

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 0.86 to 0.91 - a consistent structural relationship.

SFSNX vs. SFLNX - Sectors Allocation Comparison

Sectors
SFSNX
SFLNX

Industrials

19.4%
9.6%

Technology

15.6%
20.4%

Financial Services

15.0%
14.7%

Consumer Cyclical

12.8%
9.3%

Real Estate

10.1%
1.8%

Healthcare

7.6%
13.0%

Energy

4.8%
8.6%

Basic Materials

4.6%
3.3%

Communication Services

3.8%
8.8%

Consumer Defensive

3.8%
7.3%

Utilities

2.6%
3.2%

Industrials

SFSNX
19.4%
SFLNX
9.6%

Technology

SFSNX
15.6%
SFLNX
20.4%

Financial Services

SFSNX
15.0%
SFLNX
14.7%

Consumer Cyclical

SFSNX
12.8%
SFLNX
9.3%

Real Estate

SFSNX
10.1%
SFLNX
1.8%

Healthcare

SFSNX
7.6%
SFLNX
13.0%

Energy

SFSNX
4.8%
SFLNX
8.6%

Basic Materials

SFSNX
4.6%
SFLNX
3.3%

Communication Services

SFSNX
3.8%
SFLNX
8.8%

Consumer Defensive

SFSNX
3.8%
SFLNX
7.3%

Utilities

SFSNX
2.6%
SFLNX
3.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Fundamental U.S. Small Company Index Fund

Schwab Fundamental US Large Company Index Fund

Often compared with SFSNX:
SFSNX vs. SWSSXSFSNX vs. AVUVSFSNX vs. VBRSFSNX vs. NEAGXSFSNX vs. TSCGXSFSNX vs. FSLCXSFSNX vs. ISCG
Often compared with SFLNX:
SFLNX vs. SWLGXSFLNX vs. VOOSFLNX vs. VFIAXSFLNX vs. VDADXSFLNX vs. SEEGXSFLNX vs. SWTSXSFLNX vs. SWLVX

Return for Risk

SFSNX vs. SFLNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SFSNX
SFSNX Risk / Return Rank: 7575
Overall Rank
SFSNX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SFSNX Sortino Ratio Rank: 7272
Sortino Ratio Rank
SFSNX Omega Ratio Rank: 6565
Omega Ratio Rank
SFSNX Calmar Ratio Rank: 8686
Calmar Ratio Rank
SFSNX Martin Ratio Rank: 8080
Martin Ratio Rank
SFLNX
SFLNX Risk / Return Rank: 9696
Overall Rank
SFLNX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SFLNX Sortino Ratio Rank: 9595
Sortino Ratio Rank
SFLNX Omega Ratio Rank: 9292
Omega Ratio Rank
SFLNX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SFLNX Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SFSNX vs. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. 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.

SFSNXSFLNXDifference
Sharpe ratioReturn per unit of total volatility
1.61
2.84

-1.23

Sortino ratioReturn per unit of downside risk
2.38
3.92

-1.54

Omega ratioGain probability vs. loss probability

1.28

1.52

-0.24

Calmar ratioReturn relative to maximum drawdown

2.91

4.87

-1.96

Martin ratioReturn relative to average drawdown

9.61

19.48

-9.86

SFSNX vs. SFLNX - Sharpe Ratio Comparison

The current SFSNX Sharpe Ratio is 1.61, which is lower than the SFLNX Sharpe Ratio of 2.84. 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.

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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.

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Drawdown Indicators

SFSNXSFLNXDifference

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

-2.23%

-0.50%

-1.73%

Average Drawdown

Average peak-to-trough decline

-8.25%

-5.96%

-2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

1.53%

+1.33%

Volatility

SFSNX vs. SFLNX - Volatility Comparison

Schwab Fundamental U.S. Small Company Index Fund (SFSNX) has a higher volatility of 3.36% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 2.33%. 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.

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Volatility by Period

SFSNXSFLNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.36%

2.33%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

11.88%

7.49%

+4.39%

Volatility (1Y)

Calculated over the trailing 1-year period

17.09%

10.50%

+6.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.65%

15.16%

+5.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.22%

18.34%

+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 1.15%, less than SFLNX's 1.43% yield.

PositionTTM20252024202320222021202020192018201720162015
SFLNX
Schwab Fundamental US Large Company Index Fund		1.43%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 U.S. Small Company Index Fund		1.15%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

SFSNX and SFLNX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SFSNX has higher volatility (3.36%) compared to SFLNX (2.33%). In terms of maximum drawdown, SFSNX dropped -58.32% vs SFLNX's -56.18%.

SFLNX currently has the higher Sharpe Ratio (2.84 vs 1.61), 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.

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