SOPVX vs. SWLGX

Last updated Jun 3, 2026

SOPVX (Allspring Opportunity Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, SOPVX returned 8.23%/yr vs 15.93%/yr for SWLGX. Their correlation of 0.89 suggests significant overlap in exposure. SOPVX charges 1.18%/yr vs 0.04%/yr for SWLGX.

Performance

SOPVX vs. SWLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Opportunity Fund (SOPVX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SOPVX having a 8.67% return and SWLGX slightly higher at 9.01%.

SOPVX

• 1D: -0.15%
• 1M: 3.40%
• YTD: 8.67%
• 6M: 9.18%
• 1Y: 20.54%
• 3Y*: 14.65%
• 5Y*: 8.23%
• 10Y*: 12.73%

SWLGX

• 1D: 0.74%
• 1M: 7.30%
• YTD: 9.01%
• 6M: 8.27%
• 1Y: 28.78%
• 3Y*: 25.70%
• 5Y*: 15.93%
• 10Y*: —

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

SOPVX vs. SWLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOPVX Allspring Opportunity Fund	8.67%	6.57%	14.82%	26.38%	-20.91%	24.35%	20.88%	39.41%	-7.34%	0.09%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	9.01%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%

Correlation

The correlation between SOPVX and SWLGX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.89

The correlation between SOPVX and SWLGX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

Return for Risk

SOPVX vs. SWLGX — Risk / Return Rank

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

SOPVX

SOPVX Risk / Return Rank: 26
SOPVX Sharpe Ratio Rank: 27
SOPVX Sortino Ratio Rank: 26
SOPVX Omega Ratio Rank: 26
SOPVX Calmar Ratio Rank: 20
SOPVX Martin Ratio Rank: 29

SWLGX

SWLGX Risk / Return Rank: 33
SWLGX Sharpe Ratio Rank: 43
SWLGX Sortino Ratio Rank: 38
SWLGX Omega Ratio Rank: 39
SWLGX Calmar Ratio Rank: 22
SWLGX Martin Ratio Rank: 23

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.

SOPVX vs. SWLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Opportunity Fund (SOPVX) 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.

	SOPVX	SWLGX	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.93	-0.41
Sortino ratio Return per unit of downside risk	2.18	2.60	-0.42
Omega ratio Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio Return relative to maximum drawdown	1.69	1.83	-0.14
Martin ratio Return relative to average drawdown	6.89	6.16	+0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOPVX vs. SWLGX - Sharpe Ratio Comparison

The current SOPVX Sharpe Ratio is 1.52, which is comparable to the SWLGX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of SOPVX 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.

Sharpe Ratios by Period

	SOPVX	SWLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.93	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.74	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.80	-0.40

Drawdowns

SOPVX vs. SWLGX - Drawdown Comparison

The maximum SOPVX drawdown since its inception was -56.27%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SOPVX and SWLGX.

Drawdown Indicators

	SOPVX	SWLGX	Difference
Max Drawdown Largest peak-to-trough decline	-56.27%	-32.69%	-23.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-16.16%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-22.17%	-23.30%	+1.13%
Max Drawdown (5Y) Largest decline over 5 years	-34.60%	-32.69%	-1.91%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-9.76%	-7.06%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	4.80%	-1.82%

Volatility

SOPVX vs. SWLGX - Volatility Comparison

Allspring Opportunity Fund (SOPVX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX) have volatilities of 3.38% and 3.23%, 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

	SOPVX	SWLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.23%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	11.59%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	15.43%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.90%	21.49%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	22.68%	-2.76%

SOPVX vs. SWLGX - Expense Ratio Comparison

SOPVX has a 1.18% expense ratio, which is higher than SWLGX's 0.04% expense ratio.

Dividends

SOPVX vs. SWLGX - Dividend Comparison

SOPVX's dividend yield for the trailing twelve months is around 8.34%, more than SWLGX's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOPVX Allspring Opportunity Fund	8.34%	9.06%	9.58%	3.97%	10.91%	11.95%	6.21%	11.59%	12.95%	13.80%	6.55%	16.39%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.42%	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 SOPVX and SWLGX in my portfolio?

SOPVX and SWLGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOPVX or SWLGX?

SOPVX has higher volatility (3.38%) compared to SWLGX (3.23%). In terms of maximum drawdown, SOPVX dropped -56.27% vs SWLGX's -32.69%.

Which has better risk-adjusted returns?

SWLGX currently has the higher Sharpe Ratio (1.93 vs 1.52), 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.