SWBGX vs. FMDGX
SWBGX (Schwab MarketTrack Balanced Portfolio™) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both mutual funds - SWBGX is a Diversified Portfolio fund managed by Charles Schwab, while FMDGX is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Over the past 5 years, SWBGX returned 6.34%/yr vs 4.37%/yr for FMDGX. Their correlation of 0.84 means they have usually moved in the same direction. SWBGX charges 0.40%/yr vs 0.05%/yr for FMDGX.
Performance
SWBGX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, SWBGX achieves a 7.03% return, which is significantly higher than FMDGX's 0.31% return.
SWBGX
- 1D
- -0.05%
- 1M
- -0.14%
- 6M
- 4.59%
- YTD
- 7.03%
- 1Y
- 14.98%
- 3Y*
- 11.85%
- 5Y*
- 6.34%
- 10Y*
- 7.90%
- ALL TIME*
- 6.60%
FMDGX
- 1D
- -0.28%
- 1M
- -4.14%
- 6M
- 0.83%
- YTD
- 0.31%
- 1Y
- -1.05%
- 3Y*
- 12.08%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWBGX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.03% | 14.73% | 9.10% | 14.99% | -14.35% | 12.85% | 10.50% | 5.66% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.31% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between SWBGX and FMDGX is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.84 |
The correlation between SWBGX and FMDGX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
SWBGX vs. FMDGX — Risk / Return Rank
SWBGX
FMDGX
SWBGX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Balanced Portfolio™ (SWBGX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
| SWBGX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.99 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.18 | +2.67 |
| Martin ratioReturn relative to average drawdown | 10.53 | -0.51 | +11.04 |
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Drawdowns
SWBGX vs. FMDGX - Drawdown Comparison
The maximum SWBGX drawdown since its inception was -40.37%, roughly equal to the maximum FMDGX drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for SWBGX and FMDGX.
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Drawdown Indicators
| SWBGX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.37% | -38.59% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -14.75% | +8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -9.69% | -25.30% | +15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -38.59% | +14.62% |
Max Drawdown (10Y)Largest decline over 10 years | -23.97% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -6.46% | +5.71% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -11.02% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 5.30% | -3.91% |
Volatility
SWBGX vs. FMDGX - Volatility Comparison
The current volatility for Schwab MarketTrack Balanced Portfolio™ (SWBGX) is 2.21%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.09%. This indicates that SWBGX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWBGX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 5.09% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 13.99% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.18% | 17.60% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 22.53% | -11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.95% | 24.22% | -13.27% |
SWBGX vs. FMDGX - Expense Ratio Comparison
SWBGX has a 0.40% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
SWBGX vs. FMDGX - Dividend Comparison
SWBGX's dividend yield for the trailing twelve months is around 7.19%, more than FMDGX's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.85% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.19% | 7.69% | 10.74% | 4.23% | 4.13% | 5.02% | 6.41% | 4.42% | 7.11% | 5.30% | 3.18% | 14.29% |
Frequently Asked Questions
SWBGX and FMDGX 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.
FMDGX has higher volatility (5.09%) compared to SWBGX (2.21%). In terms of maximum drawdown, SWBGX dropped -40.37% vs FMDGX's -38.59%.
SWBGX currently has the higher Sharpe Ratio (1.79 vs -0.15), 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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