SWEGX vs. SWLSX

Last updated Jun 4, 2026

SWEGX (Schwab MarketTrack All Equity Portfolio™) and SWLSX (Schwab Large-Cap Growth Fund™) are both mutual funds - SWEGX is a Diversified Portfolio fund managed by Charles Schwab, while SWLSX is a Large Cap Growth Equities fund managed by Charles Schwab. Over the past 10 years, SWEGX returned 12.69%/yr vs 16.76%/yr for SWLSX. Their correlation of 0.89 suggests significant overlap in exposure. SWEGX charges 0.39%/yr vs 0.99%/yr for SWLSX.

Performance

SWEGX vs. SWLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab Large-Cap Growth Fund™ (SWLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWEGX achieves a 12.78% return, which is significantly higher than SWLSX's 11.17% return. Over the past 10 years, SWEGX has underperformed SWLSX with an annualized return of 12.69%, while SWLSX has yielded a comparatively higher 16.76% annualized return.

SWEGX

• 1D: 0.34%
• 1M: 4.75%
• YTD: 12.78%
• 6M: 13.37%
• 1Y: 29.20%
• 3Y*: 21.28%
• 5Y*: 11.61%
• 10Y*: 12.69%

SWLSX

• 1D: 0.08%
• 1M: 7.06%
• YTD: 11.17%
• 6M: 10.00%
• 1Y: 29.73%
• 3Y*: 24.86%
• 5Y*: 16.18%
• 10Y*: 16.76%

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

SWEGX vs. SWLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWEGX Schwab MarketTrack All Equity Portfolio™	12.78%	20.82%	13.86%	25.13%	-16.24%	22.68%	11.13%	25.55%	-9.53%	19.84%
SWLSX Schwab Large-Cap Growth Fund™	11.17%	19.69%	29.41%	38.27%	-27.00%	29.03%	29.03%	31.02%	-7.93%	29.01%

Correlation

The correlation between SWEGX and SWLSX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.89

The correlation between SWEGX and SWLSX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

SWEGX vs. SWLSX — 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: 74
SWEGX Sortino Ratio Rank: 68
SWEGX Omega Ratio Rank: 65
SWEGX Calmar Ratio Rank: 73
SWEGX Martin Ratio Rank: 77

SWLSX

SWLSX Risk / Return Rank: 35
SWLSX Sharpe Ratio Rank: 43
SWLSX Sortino Ratio Rank: 38
SWLSX Omega Ratio Rank: 39
SWLSX Calmar Ratio Rank: 26
SWLSX Martin Ratio Rank: 27

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. SWLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab Large-Cap Growth Fund™ (SWLSX). 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.

	SWEGX	SWLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.92	+0.57
Sortino ratio: Return per unit of downside risk	3.42	2.60	+0.83
Omega ratio: Gain probability vs. loss probability	1.45	1.33	+0.12
Calmar ratio: Return relative to maximum drawdown	3.33	1.90	+1.42
Martin ratio: Return relative to average drawdown	14.46	6.56	+7.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWEGX vs. SWLSX - Sharpe Ratio Comparison

The current SWEGX Sharpe Ratio is 2.49, which is comparable to the SWLSX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SWEGX and SWLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWEGX	SWLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.92	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.77	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.81	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.57	-0.16

Drawdowns

SWEGX vs. SWLSX - Drawdown Comparison

The maximum SWEGX drawdown since its inception was -57.57%, which is greater than SWLSX's maximum drawdown of -49.89%. Use the drawdown chart below to compare losses from any high point for SWEGX and SWLSX.

Drawdown Indicators

	SWEGX	SWLSX	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	-49.89%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-16.17%	+7.24%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-22.93%	+6.74%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-31.32%	+6.45%
Max Drawdown (10Y) Largest decline over 10 years	-36.08%	-31.32%	-4.76%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.36%	-7.94%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	4.67%	-2.62%

Volatility

SWEGX vs. SWLSX - Volatility Comparison

Schwab MarketTrack All Equity Portfolio™ (SWEGX) and Schwab Large-Cap Growth Fund™ (SWLSX) have volatilities of 3.34% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWEGX	SWLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	3.46%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	12.26%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	16.02%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	21.04%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	20.84%	-3.53%

SWEGX vs. SWLSX - Expense Ratio Comparison

SWEGX has a 0.39% expense ratio, which is lower than SWLSX's 0.99% expense ratio.

Dividends

SWEGX vs. SWLSX - Dividend Comparison

SWEGX's dividend yield for the trailing twelve months is around 6.49%, more than SWLSX's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWEGX Schwab MarketTrack All Equity Portfolio™	6.49%	7.32%	7.58%	6.29%	4.93%	3.90%	6.78%	6.54%	4.85%	3.49%	4.54%	11.29%
SWLSX Schwab Large-Cap Growth Fund™	1.05%	1.17%	0.11%	0.04%	2.07%	7.77%	1.07%	5.32%	12.35%	7.92%	4.46%	17.08%

Frequently Asked Questions

Can I hold both SWEGX and SWLSX in my portfolio?

SWEGX and SWLSX have a correlation of 0.83, 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 SWLSX?

SWLSX has higher volatility (3.46%) compared to SWEGX (3.34%). In terms of maximum drawdown, SWEGX dropped -57.57% vs SWLSX's -49.89%.

Which has better risk-adjusted returns?

SWEGX currently has the higher Sharpe Ratio (2.49 vs 1.92), 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.