SWCAX vs. SWLGX
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Performance
SWCAX vs. SWLGX - Performance Comparison
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SWCAX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | -0.56% | 3.95% | 1.51% | 4.73% | -8.10% | 0.36% | 3.93% | 6.02% | 1.16% | 0.55% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -9.81% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Returns By Period
In the year-to-date period, SWCAX achieves a -0.56% return, which is significantly higher than SWLGX's -9.81% return.
SWCAX
- 1D
- 0.18%
- 1M
- -2.22%
- YTD
- -0.56%
- 6M
- 0.99%
- 1Y
- 3.32%
- 3Y*
- 2.51%
- 5Y*
- 0.42%
- 10Y*
- 1.44%
SWLGX
- 1D
- 3.74%
- 1M
- -5.56%
- YTD
- -9.81%
- 6M
- -9.30%
- 1Y
- 17.72%
- 3Y*
- 21.15%
- 5Y*
- 12.37%
- 10Y*
- —
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SWCAX vs. SWLGX - Expense Ratio Comparison
SWCAX has a 0.48% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Return for Risk
SWCAX vs. SWLGX — Risk / Return Rank
SWCAX
SWLGX
SWCAX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) 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.
| SWCAX | SWLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.83 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.35 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.17 | -0.03 |
Martin ratioReturn relative to average drawdown | 3.70 | 4.02 | -0.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWCAX | SWLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.83 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.58 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.70 | +0.47 |
Correlation
The correlation between SWCAX and SWLGX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SWCAX vs. SWLGX - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 2.99%, more than SWLGX's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 2.99% | 3.46% | 2.67% | 2.23% | 1.57% | 1.68% | 2.45% | 2.54% | 2.50% | 2.22% | 3.10% | 2.79% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.51% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWCAX vs. SWLGX - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, smaller than the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SWCAX and SWLGX.
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Drawdown Indicators
| SWCAX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.51% | -32.69% | +19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -16.16% | +12.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -32.69% | +20.39% |
Max Drawdown (10Y)Largest decline over 10 years | -12.30% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -13.03% | +10.55% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -7.13% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 4.69% | -3.47% |
Volatility
SWCAX vs. SWLGX - Volatility Comparison
The current volatility for Schwab California Tax-Free Bond Fund™ (SWCAX) is 0.94%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 6.73%. This indicates that SWCAX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWCAX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 6.73% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 12.40% | -10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 22.57% | -18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 21.52% | -18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 22.81% | -19.46% |