SWHFX vs. SWASX
SWHFX (Schwab Health Care Fund™) and SWASX (Schwab Global Real Estate Fund™) are both mutual funds - SWHFX is a Health & Biotech Equities fund managed by Charles Schwab, while SWASX is a REIT fund managed by Charles Schwab. Over the past 10 years, SWHFX returned 7.79%/yr vs 3.92%/yr for SWASX. A 0.64 correlation means they provide meaningful diversification when combined. SWHFX charges 0.80%/yr vs 1.05%/yr for SWASX.
Performance
SWHFX vs. SWASX - Performance Comparison
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Returns By Period
In the year-to-date period, SWHFX achieves a -2.86% return, which is significantly lower than SWASX's 7.68% return. Over the past 10 years, SWHFX has outperformed SWASX with an annualized return of 7.79%, while SWASX has yielded a comparatively lower 3.92% 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%
SWASX
- 1D
- 0.84%
- 1M
- -0.83%
- YTD
- 7.68%
- 6M
- 7.68%
- 1Y
- 11.95%
- 3Y*
- 10.35%
- 5Y*
- 1.23%
- 10Y*
- 3.92%
SWHFX vs. SWASX - 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% |
SWASX Schwab Global Real Estate Fund™ | 7.68% | 11.33% | 1.42% | 8.49% | -25.10% | 25.32% | -12.10% | 27.81% | -7.66% | 14.38% |
Correlation
The correlation between SWHFX and SWASX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.64 |
The correlation between SWHFX and SWASX shifts across timeframes, from 0.47 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWHFX vs. SWASX — Risk / Return Rank
SWHFX
SWASX
SWHFX vs. SWASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) and Schwab Global Real Estate Fund™ (SWASX). 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 | SWASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.23 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.27 | 4.59 | -3.32 |
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Drawdowns
SWHFX vs. SWASX - Drawdown Comparison
The maximum SWHFX drawdown since its inception was -43.10%, smaller than the maximum SWASX drawdown of -69.47%. Use the drawdown chart below to compare losses from any high point for SWHFX and SWASX.
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Drawdown Indicators
| SWHFX | SWASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.10% | -69.47% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -10.89% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -17.23% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -32.31% | +12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -44.19% | +16.91% |
Current DrawdownCurrent decline from peak | -9.92% | -3.33% | -6.59% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -15.47% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 2.91% | +3.42% |
Volatility
SWHFX vs. SWASX - Volatility Comparison
Schwab Health Care Fund™ (SWHFX) has a higher volatility of 4.94% compared to Schwab Global Real Estate Fund™ (SWASX) at 4.08%. This indicates that SWHFX's price experiences larger fluctuations and is considered to be riskier than SWASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWHFX | SWASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.08% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 8.95% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 11.59% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 15.46% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 17.10% | -1.11% |
SWHFX vs. SWASX - Expense Ratio Comparison
SWHFX has a 0.80% expense ratio, which is lower than SWASX's 1.05% expense ratio.
Dividends
SWHFX vs. SWASX - Dividend Comparison
SWHFX has not paid dividends to shareholders, while SWASX's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWASX Schwab Global Real Estate Fund™ | 3.23% | 3.11% | 3.32% | 3.29% | 3.00% | 3.71% | 2.94% | 7.38% | 4.24% | 3.32% | 4.67% | 3.00% |
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
SWHFX and SWASX 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.
SWHFX has higher volatility (4.94%) compared to SWASX (4.08%). In terms of maximum drawdown, SWHFX dropped -43.10% vs SWASX's -69.47%.
SWASX currently has the higher Sharpe Ratio (1.16 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.
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