SWHFX vs. SFLNX

Last updated Aug 1, 2026

SWHFX (Schwab Health Care Fund™) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - SWHFX is a Health & Biotech Equities fund managed by Charles Schwab, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Over the past 10 years, SWHFX returned 7.70%/yr vs 14.18%/yr for SFLNX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. SWHFX charges 0.80%/yr vs 0.25%/yr for SFLNX.

Performance

SWHFX vs. SFLNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Health Care Fund™ (SWHFX) and Schwab Fundamental US Large Company Index Fund (SFLNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWHFX achieves a 5.02% return, which is significantly lower than SFLNX's 17.37% return. Over the past 10 years, SWHFX has underperformed SFLNX with an annualized return of 7.70%, while SFLNX has yielded a comparatively higher 14.18% annualized return.

SWHFX

• 1D: -1.36%
• 1M: -0.33%
• 6M: 3.12%
• YTD: 5.02%
• 1Y: 17.24%
• 3Y*: 5.89%
• 5Y*: 3.29%
• 10Y*: 7.70%
• ALL TIME*: 8.71%

SFLNX

• 1D: 0.51%
• 1M: 1.26%
• 6M: 12.56%
• YTD: 17.37%
• 1Y: 32.13%
• 3Y*: 18.83%
• 5Y*: 13.76%
• 10Y*: 14.18%
• ALL TIME*: 11.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SFLNX Schwab Fundamental US Large Company Index Fund	$0.00	$0.00	$0.00
SWHFX Schwab Health Care Fund™	$0.00	$0.00	$0.00

SWHFX vs. SFLNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWHFX Schwab Health Care Fund™	5.02%	9.81%	0.10%	0.73%	-4.66%	23.36%	12.83%	17.64%	3.68%	20.31%
SFLNX Schwab Fundamental US Large Company Index Fund	17.37%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	17.08%

Correlation

The correlation between SWHFX and SFLNX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.73

Over the past year, the correlation between SWHFX and SFLNX has dropped to 0.47 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

SWHFX vs. SFLNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWHFX

SWHFX Risk / Return Rank: 25
SWHFX Sharpe Ratio Rank: 27
SWHFX Sortino Ratio Rank: 27
SWHFX Omega Ratio Rank: 28
SWHFX Calmar Ratio Rank: 24
SWHFX Martin Ratio Rank: 17

SFLNX

SFLNX Risk / Return Rank: 96
SFLNX Sharpe Ratio Rank: 97
SFLNX Sortino Ratio Rank: 95
SFLNX Omega Ratio Rank: 92
SFLNX Calmar Ratio Rank: 97
SFLNX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWHFX vs. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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	SFLNX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.84	-1.94
Sortino ratio: Return per unit of downside risk	1.34	3.92	-2.58
Omega ratio: Gain probability vs. loss probability	1.17	1.52	-0.35
Calmar ratio: Return relative to maximum drawdown	1.09	4.87	-3.78
Martin ratio: Return relative to average drawdown	2.32	19.48	-17.16

SWHFX vs. SFLNX - Sharpe Ratio Comparison

The current SWHFX Sharpe Ratio is 0.89, which is lower than the SFLNX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of SWHFX and SFLNX, 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. SFLNX - Drawdown Comparison

The maximum SWHFX drawdown since its inception was -43.10%, smaller than the maximum SFLNX drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for SWHFX and SFLNX.

Drawdown Indicators

	SWHFX	SFLNX	Difference
Max Drawdown Largest peak-to-trough decline	-43.10%	-56.18%	+13.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-6.10%	-7.64%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-16.27%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-18.98%	-0.37%
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	-37.59%	+10.31%
Current Drawdown Current decline from peak	-2.62%	-0.50%	-2.12%
Average Drawdown Average peak-to-trough decline	-8.15%	-5.96%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.45%	1.53%	+4.92%

Volatility

SWHFX vs. SFLNX - Volatility Comparison

Schwab Health Care Fund™ (SWHFX) has a higher volatility of 5.79% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 2.33%. This indicates that SWHFX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWHFX	SFLNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	2.33%	+3.46%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	7.49%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	10.50%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	15.16%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	18.34%	-2.29%

SWHFX vs. SFLNX - Expense Ratio Comparison

SWHFX has a 0.80% expense ratio, which is higher than SFLNX's 0.25% expense ratio.

Dividends

SWHFX vs. SFLNX - Dividend Comparison

SWHFX has not paid dividends to shareholders, while SFLNX's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFLNX Schwab Fundamental US Large Company Index Fund	1.43%	1.68%	1.78%	1.86%	2.09%	4.78%	6.17%	5.33%	9.69%	3.28%	7.23%	5.68%
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 SFLNX in my portfolio?

SWHFX and SFLNX have a correlation of 0.47, 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 SFLNX?

SWHFX has higher volatility (5.79%) compared to SFLNX (2.33%). In terms of maximum drawdown, SWHFX dropped -43.10% vs SFLNX's -56.18%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (2.84 vs 0.89), 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.