SWEGX vs. SWDSX

Last updated Jun 24, 2026

SWEGX (Schwab MarketTrack All Equity Portfolio™) and SWDSX (Schwab Dividend Equity Fund™) are both mutual funds - SWEGX is a Diversified Portfolio fund managed by Charles Schwab, while SWDSX is a Large Cap Value Equities fund actively managed by Charles Schwab. Over the past 10 years, SWEGX returned 12.99%/yr vs 9.48%/yr for SWDSX. Their correlation of 0.92 suggests significant overlap in exposure. SWEGX charges 0.39%/yr vs 0.89%/yr for SWDSX.

Performance

SWEGX vs. SWDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab Dividend Equity Fund™ (SWDSX). 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 higher than SWDSX's 6.77% return. Over the past 10 years, SWEGX has outperformed SWDSX with an annualized return of 12.99%, while SWDSX has yielded a comparatively lower 9.48% annualized return.

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%

SWDSX

• 1D: 0.05%
• 1M: -0.52%
• YTD: 6.77%
• 6M: 6.23%
• 1Y: 13.46%
• 3Y*: 14.77%
• 5Y*: 9.38%
• 10Y*: 9.48%

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

SWEGX vs. SWDSX - 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%
SWDSX Schwab Dividend Equity Fund™	6.77%	12.31%	17.06%	6.92%	-5.84%	28.24%	-4.33%	24.32%	-12.18%	15.40%

Correlation

The correlation between SWEGX and SWDSX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 2, 2003	0.92

Over the past year, the correlation between SWEGX and SWDSX has dropped to 0.68 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

SWEGX vs. SWDSX — 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

SWDSX

SWDSX Risk / Return Rank: 36
SWDSX Sharpe Ratio Rank: 34
SWDSX Sortino Ratio Rank: 31
SWDSX Omega Ratio Rank: 33
SWDSX Calmar Ratio Rank: 43
SWDSX Martin Ratio Rank: 39

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. SWDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab Dividend Equity Fund™ (SWDSX). 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	SWDSX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.57	+0.70
Sortino ratio: Return per unit of downside risk	3.10	2.17	+0.93
Omega ratio: Gain probability vs. loss probability	1.41	1.28	+0.13
Calmar ratio: Return relative to maximum drawdown	3.16	2.37	+0.79
Martin ratio: Return relative to average drawdown	13.51	8.01	+5.50

SWEGX vs. SWDSX - Sharpe Ratio Comparison

The current SWEGX Sharpe Ratio is 2.26, which is higher than the SWDSX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of SWEGX and SWDSX, 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. SWDSX - Drawdown Comparison

The maximum SWEGX drawdown since its inception was -57.57%, which is greater than SWDSX's maximum drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for SWEGX and SWDSX.

Drawdown Indicators

	SWEGX	SWDSX	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	-50.01%	-7.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-6.16%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-11.67%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-17.94%	-6.93%
Max Drawdown (10Y) Largest decline over 10 years	-36.08%	-40.20%	+4.12%
Current Drawdown Current decline from peak	-0.88%	-1.35%	+0.47%
Average Drawdown Average peak-to-trough decline	-10.35%	-6.76%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.81%	+0.28%

Volatility

SWEGX vs. SWDSX - Volatility Comparison

Schwab MarketTrack All Equity Portfolio™ (SWEGX) has a higher volatility of 4.41% compared to Schwab Dividend Equity Fund™ (SWDSX) at 2.25%. This indicates that SWEGX's price experiences larger fluctuations and is considered to be riskier than SWDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWEGX	SWDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	2.25%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	6.55%	+3.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	9.34%	+3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	13.14%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	16.89%	+0.45%

SWEGX vs. SWDSX - Expense Ratio Comparison

SWEGX has a 0.39% expense ratio, which is lower than SWDSX's 0.89% expense ratio.

Dividends

SWEGX vs. SWDSX - Dividend Comparison

SWEGX's dividend yield for the trailing twelve months is around 6.54%, more than SWDSX's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWDSX Schwab Dividend Equity Fund™	1.16%	1.22%	2.59%	2.25%	6.83%	16.25%	2.09%	6.86%	11.63%	10.24%	1.68%	14.46%
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 SWDSX in my portfolio?

SWEGX and SWDSX have a correlation of 0.68, 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 SWDSX?

SWEGX has higher volatility (4.41%) compared to SWDSX (2.25%). In terms of maximum drawdown, SWEGX dropped -57.57% vs SWDSX's -50.01%.

Which has better risk-adjusted returns?

SWEGX currently has the higher Sharpe Ratio (2.26 vs 1.57), 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.