SWHFX vs. LOGSX

Last updated Jun 24, 2026

SWHFX (Schwab Health Care Fund™) and LOGSX (Live Oak Health Sciences Fund) are both Health & Biotech Equities funds. Over the past 10 years, SWHFX returned 7.79%/yr vs 7.08%/yr for LOGSX. Their correlation of 0.87 suggests significant overlap in exposure. SWHFX charges 0.80%/yr vs 1.02%/yr for LOGSX.

Performance

SWHFX vs. LOGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Health Care Fund™ (SWHFX) and Live Oak Health Sciences Fund (LOGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWHFX achieves a -2.86% return, which is significantly lower than LOGSX's 0.81% return. Over the past 10 years, SWHFX has outperformed LOGSX with an annualized return of 7.79%, while LOGSX has yielded a comparatively lower 7.08% annualized return.

SWHFX

• 1D: 0.69%
• 1M: -0.44%
• YTD: -2.86%
• 6M: -3.39%
• 1Y: 7.79%
• 3Y*: 3.77%
• 5Y*: 2.90%
• 10Y*: 7.79%

LOGSX

• 1D: 0.81%
• 1M: -0.63%
• YTD: 0.81%
• 6M: -0.39%
• 1Y: 17.95%
• 3Y*: 8.66%
• 5Y*: 5.93%
• 10Y*: 7.08%

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

SWHFX vs. LOGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWHFX Schwab Health Care Fund™	-2.86%	9.81%	0.10%	0.73%	-4.66%	23.36%	12.83%	17.64%	3.68%	20.31%
LOGSX Live Oak Health Sciences Fund	0.81%	19.63%	0.16%	1.21%	3.71%	17.59%	6.01%	18.98%	-3.84%	13.42%

Correlation

The correlation between SWHFX and LOGSX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 29, 2001	0.87

The correlation between SWHFX and LOGSX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

SWHFX vs. LOGSX — Risk / Return Rank

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

SWHFX

SWHFX Risk / Return Rank: 7
SWHFX Sharpe Ratio Rank: 7
SWHFX Sortino Ratio Rank: 7
SWHFX Omega Ratio Rank: 7
SWHFX Calmar Ratio Rank: 7
SWHFX Martin Ratio Rank: 6

LOGSX

LOGSX Risk / Return Rank: 26
LOGSX Sharpe Ratio Rank: 22
LOGSX Sortino Ratio Rank: 23
LOGSX Omega Ratio Rank: 20
LOGSX Calmar Ratio Rank: 38
LOGSX Martin Ratio Rank: 24

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.

SWHFX vs. LOGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) and Live Oak Health Sciences Fund (LOGSX). 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.

	SWHFX	LOGSX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.24	-0.74
Sortino ratio: Return per unit of downside risk	0.80	1.85	-1.05
Omega ratio: Gain probability vs. loss probability	1.10	1.22	-0.11
Calmar ratio: Return relative to maximum drawdown	0.59	2.22	-1.64
Martin ratio: Return relative to average drawdown	1.27	5.46	-4.18

SWHFX vs. LOGSX - Sharpe Ratio Comparison

The current SWHFX Sharpe Ratio is 0.50, which is lower than the LOGSX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of SWHFX and LOGSX, 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

SWHFX vs. LOGSX - Drawdown Comparison

The maximum SWHFX drawdown since its inception was -43.10%, smaller than the maximum LOGSX drawdown of -45.85%. Use the drawdown chart below to compare losses from any high point for SWHFX and LOGSX.

Drawdown Indicators

	SWHFX	LOGSX	Difference
Max Drawdown Largest peak-to-trough decline	-43.10%	-45.85%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-8.13%	-5.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-14.33%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-15.03%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	-27.28%	0.00%
Current Drawdown Current decline from peak	-9.92%	-4.47%	-5.45%
Average Drawdown Average peak-to-trough decline	-8.17%	-7.60%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	3.31%	+3.02%

Volatility

SWHFX vs. LOGSX - Volatility Comparison

Schwab Health Care Fund™ (SWHFX) and Live Oak Health Sciences Fund (LOGSX) have volatilities of 4.94% and 5.20%, 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

	SWHFX	LOGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.20%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	10.42%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	14.57%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	14.26%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	16.17%	-0.18%

SWHFX vs. LOGSX - Expense Ratio Comparison

SWHFX has a 0.80% expense ratio, which is lower than LOGSX's 1.02% expense ratio.

Dividends

SWHFX vs. LOGSX - Dividend Comparison

SWHFX has not paid dividends to shareholders, while LOGSX's dividend yield for the trailing twelve months is around 2.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOGSX Live Oak Health Sciences Fund	2.06%	2.07%	2.64%	6.28%	0.55%	7.02%	7.04%	0.85%	15.20%	6.45%	2.10%	15.52%
SWHFX Schwab Health Care Fund™	0.00%	0.00%	9.49%	3.60%	4.18%	12.52%	11.47%	4.56%	10.02%	7.32%	2.63%	16.31%

Frequently Asked Questions

Can I hold both SWHFX and LOGSX in my portfolio?

SWHFX and LOGSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWHFX or LOGSX?

LOGSX has higher volatility (5.20%) compared to SWHFX (4.94%). In terms of maximum drawdown, SWHFX dropped -43.10% vs LOGSX's -45.85%.

Which has better risk-adjusted returns?

LOGSX currently has the higher Sharpe Ratio (1.24 vs 0.50), 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.