SWBGX vs. SWOBX
SWBGX (Schwab MarketTrack Balanced Portfolio™) and SWOBX (Schwab Balanced Fund™) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWBGX returned 8.18%/yr vs 8.91%/yr for SWOBX. With a 0.96 correlation, they move nearly in lockstep. SWBGX charges 0.40%/yr vs 0.00%/yr for SWOBX.
Performance
SWBGX vs. SWOBX - Performance Comparison
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Returns By Period
In the year-to-date period, SWBGX achieves a 7.38% return, which is significantly higher than SWOBX's 5.37% return. Over the past 10 years, SWBGX has underperformed SWOBX with an annualized return of 8.18%, while SWOBX has yielded a comparatively higher 8.91% annualized return.
SWBGX
- 1D
- 0.66%
- 1M
- 0.76%
- YTD
- 7.38%
- 6M
- 7.15%
- 1Y
- 18.23%
- 3Y*
- 12.66%
- 5Y*
- 6.87%
- 10Y*
- 8.18%
SWOBX
- 1D
- 0.91%
- 1M
- 0.53%
- YTD
- 5.37%
- 6M
- 5.11%
- 1Y
- 16.17%
- 3Y*
- 12.46%
- 5Y*
- 6.67%
- 10Y*
- 8.91%
SWBGX vs. SWOBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.38% | 14.73% | 9.10% | 14.99% | -14.35% | 12.85% | 10.50% | 18.56% | -5.43% | 12.70% |
SWOBX Schwab Balanced Fund™ | 5.37% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
Correlation
The correlation between SWBGX and SWOBX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.96 |
The correlation between SWBGX and SWOBX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
SWBGX vs. SWOBX — Risk / Return Rank
SWBGX
SWOBX
SWBGX vs. SWOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Balanced Portfolio™ (SWBGX) 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.
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 | SWOBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.43 | +0.65 |
| Martin ratioReturn relative to average drawdown | 13.22 | 10.43 | +2.79 |
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Drawdowns
SWBGX vs. SWOBX - Drawdown Comparison
The maximum SWBGX drawdown since its inception was -40.37%, which is greater than SWOBX's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SWBGX and SWOBX.
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Drawdown Indicators
| SWBGX | SWOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.37% | -35.99% | -4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -6.58% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -9.69% | -11.72% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -28.30% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -23.97% | -28.30% | +4.33% |
Current DrawdownCurrent decline from peak | -0.42% | -0.84% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -6.21% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.53% | -0.16% |
Volatility
SWBGX vs. SWOBX - Volatility Comparison
The current volatility for Schwab MarketTrack Balanced Portfolio™ (SWBGX) is 3.01%, while Schwab Balanced Fund™ (SWOBX) has a volatility of 3.54%. This indicates that SWBGX experiences smaller price fluctuations and is considered to be less risky than SWOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWBGX | SWOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 3.54% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 7.38% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 9.07% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 14.03% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 12.91% | -1.92% |
SWBGX vs. SWOBX - Expense Ratio Comparison
SWBGX has a 0.40% expense ratio, which is higher than SWOBX's 0.00% expense ratio.
Dividends
SWBGX vs. SWOBX - Dividend Comparison
SWBGX's dividend yield for the trailing twelve months is around 7.16%, more than SWOBX's 5.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.16% | 7.69% | 10.74% | 4.23% | 4.13% | 5.02% | 6.41% | 4.42% | 7.11% | 5.30% | 3.18% | 14.29% |
SWOBX Schwab Balanced Fund™ | 5.20% | 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
With a correlation of 0.96, SWBGX and SWOBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWOBX has higher volatility (3.54%) compared to SWBGX (3.01%). In terms of maximum drawdown, SWBGX dropped -40.37% vs SWOBX's -35.99%.
SWBGX currently has the higher Sharpe Ratio (2.25 vs 1.76), 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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