SWHGX vs. AOA

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab MarketTrack Growth Portfolio™ (SWHGX) and iShares Core Aggressive Allocation ETF (AOA).

SWHGX is managed by Charles Schwab. It was launched on Nov 19, 1995. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.

Performance

SWHGX vs. AOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack Growth Portfolio™ (SWHGX) and iShares Core Aggressive Allocation ETF (AOA). The values are adjusted to include any dividend payments, if applicable.

SWHGX vs. AOA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWHGX Schwab MarketTrack Growth Portfolio™	-0.60%	17.49%	11.76%	18.22%	-15.06%	18.09%	11.02%	22.23%	-7.19%	16.11%
AOA iShares Core Aggressive Allocation ETF	-0.59%	19.59%	13.55%	18.27%	-16.23%	15.42%	12.82%	22.60%	-7.86%	20.05%

Returns By Period

The year-to-date returns for both investments are quite close, with SWHGX having a -0.60% return and AOA slightly higher at -0.59%. Both investments have delivered pretty close results over the past 10 years, with SWHGX having a 9.54% annualized return and AOA not far ahead at 9.69%.

SWHGX

• 1D: 2.23%
• 1M: -4.60%
• YTD: -0.60%
• 6M: 1.51%
• 1Y: 16.78%
• 3Y*: 13.53%
• 5Y*: 7.64%
• 10Y*: 9.54%

AOA

• 1D: 0.61%
• 1M: -4.11%
• YTD: -0.59%
• 6M: 1.92%
• 1Y: 18.69%
• 3Y*: 14.47%
• 5Y*: 7.97%
• 10Y*: 9.69%

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

SWHGX vs. AOA - Expense Ratio Comparison

SWHGX has a 0.39% expense ratio, which is higher than AOA's 0.25% expense ratio.

SWHGX

Schwab MarketTrack Growth Portfolio™

AOA

iShares Core Aggressive Allocation ETF

Return for Risk

SWHGX vs. AOA — Risk / Return Rank

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

SWHGX

SWHGX Risk / Return Rank: 73
SWHGX Sharpe Ratio Rank: 70
SWHGX Sortino Ratio Rank: 72
SWHGX Omega Ratio Rank: 70
SWHGX Calmar Ratio Rank: 72
SWHGX Martin Ratio Rank: 81

AOA

AOA Risk / Return Rank: 75
AOA Sharpe Ratio Rank: 73
AOA Sortino Ratio Rank: 76
AOA Omega Ratio Rank: 75
AOA Calmar Ratio Rank: 74
AOA Martin Ratio Rank: 79

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.

SWHGX vs. AOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Growth Portfolio™ (SWHGX) and iShares Core Aggressive Allocation ETF (AOA). 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.

	SWHGX	AOA	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.35	-0.07
Sortino ratio Return per unit of downside risk	1.86	1.97	-0.10
Omega ratio Gain probability vs. loss probability	1.27	1.29	-0.01
Calmar ratio Return relative to maximum drawdown	1.76	1.98	-0.22
Martin ratio Return relative to average drawdown	8.29	8.82	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWHGX vs. AOA - Sharpe Ratio Comparison

The current SWHGX Sharpe Ratio is 1.28, which is comparable to the AOA Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SWHGX and AOA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWHGX	AOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.35	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.62	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.72	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.65	-0.16

Correlation

The correlation between SWHGX and AOA is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SWHGX vs. AOA - Dividend Comparison

SWHGX's dividend yield for the trailing twelve months is around 9.65%, more than AOA's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWHGX Schwab MarketTrack Growth Portfolio™	9.65%	9.59%	11.68%	4.00%	4.53%	5.04%	8.15%	5.76%	5.76%	4.87%	3.73%	14.80%
AOA iShares Core Aggressive Allocation ETF	2.19%	2.18%	2.30%	2.22%	2.10%	1.67%	1.71%	2.50%	2.37%	5.09%	2.26%	2.15%

Drawdowns

SWHGX vs. AOA - Drawdown Comparison

The maximum SWHGX drawdown since its inception was -49.19%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for SWHGX and AOA.

Drawdown Indicators

	SWHGX	AOA	Difference
Max Drawdown Largest peak-to-trough decline	-49.19%	-28.38%	-20.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-9.62%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.63%	-23.62%	-2.01%
Max Drawdown (10Y) Largest decline over 10 years	-29.77%	-28.38%	-1.39%
Current Drawdown Current decline from peak	-5.31%	-5.18%	-0.13%
Average Drawdown Average peak-to-trough decline	-7.21%	-4.08%	-3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.16%	-0.08%

Volatility

SWHGX vs. AOA - Volatility Comparison

The current volatility for Schwab MarketTrack Growth Portfolio™ (SWHGX) is 4.74%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 5.28%. This indicates that SWHGX experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWHGX	AOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	5.28%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	8.34%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	13.87%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.53%	12.92%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	13.51%	+0.72%