SWEGX vs. SCHD

Last updated Jun 24, 2026

SWEGX (Schwab MarketTrack All Equity Portfolio™) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - SWEGX is a Diversified Portfolio fund managed by Charles Schwab, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, SWEGX returned 12.99%/yr vs 12.72%/yr for SCHD. Their correlation of 0.83 suggests significant overlap in exposure. SWEGX charges 0.39%/yr vs 0.06%/yr for SCHD.

Performance

SWEGX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWEGX achieves a 11.78% return, which is significantly lower than SCHD's 17.72% return. Both investments have delivered pretty close results over the past 10 years, with SWEGX having a 12.99% annualized return and SCHD not far behind at 12.72%.

SWEGX

• 1D: -0.10%
• 1M: 0.79%
• YTD: 11.78%
• 6M: 11.06%
• 1Y: 27.09%
• 3Y*: 20.70%
• 5Y*: 11.43%
• 10Y*: 12.99%

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

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

SWEGX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWEGX Schwab MarketTrack All Equity Portfolio™	11.78%	20.82%	13.86%	25.13%	-16.24%	22.68%	11.13%	25.55%	-9.53%	19.84%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between SWEGX and SCHD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.83

Over the past year, the correlation between SWEGX and SCHD has dropped to 0.49 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

SWEGX vs. SCHD — Risk / Return Rank

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

SWEGX

SWEGX Risk / Return Rank: 71
SWEGX Sharpe Ratio Rank: 72
SWEGX Sortino Ratio Rank: 66
SWEGX Omega Ratio Rank: 66
SWEGX Calmar Ratio Rank: 74
SWEGX Martin Ratio Rank: 77

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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.

SWEGX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.26	2.23	+0.03
Sortino ratio: Return per unit of downside risk	3.10	3.40	-0.30
Omega ratio: Gain probability vs. loss probability	1.41	1.40	+0.01
Calmar ratio: Return relative to maximum drawdown	3.16	5.35	-2.19
Martin ratio: Return relative to average drawdown	13.51	12.94	+0.58

SWEGX vs. SCHD - Sharpe Ratio Comparison

The current SWEGX Sharpe Ratio is 2.26, which is comparable to the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of SWEGX and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWEGX vs. SCHD - Drawdown Comparison

The maximum SWEGX drawdown since its inception was -57.57%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SWEGX and SCHD.

Drawdown Indicators

	SWEGX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	-33.37%	-24.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-4.61%	-4.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-16.13%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-16.85%	-8.02%
Max Drawdown (10Y) Largest decline over 10 years	-36.08%	-33.37%	-2.71%
Current Drawdown Current decline from peak	-0.88%	-2.47%	+1.59%
Average Drawdown Average peak-to-trough decline	-10.35%	-3.31%	-7.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.90%	+0.19%

Volatility

SWEGX vs. SCHD - Volatility Comparison

Schwab MarketTrack All Equity Portfolio™ (SWEGX) has a higher volatility of 4.41% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that SWEGX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWEGX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	3.58%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	7.73%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	11.07%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	14.36%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	16.71%	+0.63%

SWEGX vs. SCHD - Expense Ratio Comparison

SWEGX has a 0.39% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

SWEGX vs. SCHD - Dividend Comparison

SWEGX's dividend yield for the trailing twelve months is around 6.54%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SWEGX Schwab MarketTrack All Equity Portfolio™	6.54%	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

Can I hold both SWEGX and SCHD in my portfolio?

SWEGX and SCHD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWEGX or SCHD?

SWEGX has higher volatility (4.41%) compared to SCHD (3.58%). In terms of maximum drawdown, SWEGX dropped -57.57% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SWEGX currently has the higher Sharpe Ratio (2.26 vs 2.23), 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.