SWEGX vs. IOEZX
SWEGX (Schwab MarketTrack All Equity Portfolio™) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, SWEGX returned 12.26%/yr vs 8.72%/yr for IOEZX. Their correlation of 0.89 suggests significant overlap in exposure. SWEGX charges 0.39%/yr vs 1.00%/yr for IOEZX.
Performance
SWEGX vs. IOEZX - Performance Comparison
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Returns By Period
In the year-to-date period, SWEGX achieves a 11.44% return, which is significantly lower than IOEZX's 18.43% return. Over the past 10 years, SWEGX has outperformed IOEZX with an annualized return of 12.26%, while IOEZX has yielded a comparatively lower 8.72% annualized return.
SWEGX
- 1D
- -0.81%
- 1M
- -0.00%
- 6M
- 8.50%
- YTD
- 11.44%
- 1Y
- 22.20%
- 3Y*
- 18.84%
- 5Y*
- 11.16%
- 10Y*
- 12.26%
IOEZX
- 1D
- 0.73%
- 1M
- 2.65%
- 6M
- 14.99%
- YTD
- 18.43%
- 1Y
- 27.01%
- 3Y*
- 13.68%
- 5Y*
- 6.27%
- 10Y*
- 8.72%
SWEGX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWEGX Schwab MarketTrack All Equity Portfolio™ | 11.44% | 20.82% | 13.86% | 25.13% | -16.24% | 22.68% | 11.13% | 25.55% | -9.53% | 19.84% |
IOEZX ICON Equity Income Fund | 18.43% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Correlation
The correlation between SWEGX and IOEZX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.89 |
Over the past year, the correlation between SWEGX and IOEZX has dropped to 0.63 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
SWEGX vs. IOEZX — Risk / Return Rank
SWEGX
IOEZX
SWEGX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack All Equity Portfolio™ (SWEGX) and ICON Equity Income Fund (IOEZX). 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.
| SWEGX | IOEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 4.07 | -1.55 |
| Martin ratioReturn relative to average drawdown | 10.63 | 14.79 | -4.16 |
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Drawdowns
SWEGX vs. IOEZX - Drawdown Comparison
The maximum SWEGX drawdown since its inception was -57.57%, roughly equal to the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for SWEGX and IOEZX.
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Drawdown Indicators
| SWEGX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -56.15% | -1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.77% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -13.95% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -21.47% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.08% | -38.12% | +2.04% |
Current DrawdownCurrent decline from peak | -1.18% | 0.00% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -8.55% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.86% | +0.25% |
Volatility
SWEGX vs. IOEZX - Volatility Comparison
Schwab MarketTrack All Equity Portfolio™ (SWEGX) has a higher volatility of 3.83% compared to ICON Equity Income Fund (IOEZX) at 3.62%. This indicates that SWEGX's price experiences larger fluctuations and is considered to be riskier than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWEGX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.62% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 9.00% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 12.19% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 13.73% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 16.44% | +0.79% |
SWEGX vs. IOEZX - Expense Ratio Comparison
SWEGX has a 0.39% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Dividends
SWEGX vs. IOEZX - Dividend Comparison
SWEGX's dividend yield for the trailing twelve months is around 6.56%, more than IOEZX's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 2.83% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
SWEGX Schwab MarketTrack All Equity Portfolio™ | 6.56% | 7.32% | 7.58% | 6.29% | 4.93% | 3.90% | 6.78% | 6.54% | 4.85% | 3.49% | 4.54% | 11.29% |
Frequently Asked Questions
SWEGX and IOEZX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWEGX has higher volatility (3.83%) compared to IOEZX (3.62%). In terms of maximum drawdown, SWEGX dropped -57.57% vs IOEZX's -56.15%.
IOEZX currently has the higher Sharpe Ratio (2.26 vs 1.79), 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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