SWHGX vs. IOEZX

Last updated Jun 4, 2026

SWHGX (Schwab MarketTrack Growth Portfolio™) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, SWHGX returned 10.43%/yr vs 8.56%/yr for IOEZX. Their correlation of 0.89 suggests significant overlap in exposure. SWHGX charges 0.39%/yr vs 1.00%/yr for IOEZX.

Performance

SWHGX vs. IOEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack Growth Portfolio™ (SWHGX) and ICON Equity Income Fund (IOEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWHGX achieves a 10.29% return, which is significantly lower than IOEZX's 13.83% return. Over the past 10 years, SWHGX has outperformed IOEZX with an annualized return of 10.43%, while IOEZX has yielded a comparatively lower 8.56% annualized return.

SWHGX

• 1D: 0.27%
• 1M: 3.95%
• YTD: 10.29%
• 6M: 10.70%
• 1Y: 24.00%
• 3Y*: 16.82%
• 5Y*: 8.99%
• 10Y*: 10.43%

IOEZX

• 1D: 0.91%
• 1M: -0.69%
• YTD: 13.83%
• 6M: 15.02%
• 1Y: 27.35%
• 3Y*: 12.80%
• 5Y*: 4.43%
• 10Y*: 8.56%

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

SWHGX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWHGX Schwab MarketTrack Growth Portfolio™	10.29%	17.49%	11.76%	18.22%	-15.06%	18.09%	11.02%	22.23%	-7.19%	16.11%
IOEZX ICON Equity Income Fund	13.83%	14.29%	6.12%	3.82%	-13.56%	24.15%	3.16%	27.70%	-10.11%	13.59%

Correlation

The correlation between SWHGX and IOEZX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004	0.89

The correlation between SWHGX and IOEZX shifts across timeframes, from 0.70 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWHGX vs. IOEZX — Risk / Return Rank

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

SWHGX

SWHGX Risk / Return Rank: 72
SWHGX Sharpe Ratio Rank: 74
SWHGX Sortino Ratio Rank: 71
SWHGX Omega Ratio Rank: 67
SWHGX Calmar Ratio Rank: 72
SWHGX Martin Ratio Rank: 77

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 62
IOEZX Sortino Ratio Rank: 67
IOEZX Omega Ratio Rank: 51
IOEZX Calmar Ratio Rank: 86
IOEZX Martin Ratio Rank: 83

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. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Growth Portfolio™ (SWHGX) and ICON Equity Income Fund (IOEZX). 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	IOEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.32	+0.18
Sortino ratio: Return per unit of downside risk	3.50	3.41	+0.10
Omega ratio: Gain probability vs. loss probability	1.46	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	3.31	4.13	-0.82
Martin ratio: Return relative to average drawdown	14.47	15.74	-1.27
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. IOEZX - Sharpe Ratio Comparison

The current SWHGX Sharpe Ratio is 2.50, which is comparable to the IOEZX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SWHGX and IOEZX, 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

	SWHGX	IOEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.32	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.32	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.52	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.40	+0.12

Drawdowns

SWHGX vs. IOEZX - Drawdown Comparison

The maximum SWHGX drawdown since its inception was -49.19%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for SWHGX and IOEZX.

Drawdown Indicators

	SWHGX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-49.19%	-56.15%	+6.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.38%	-6.77%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-13.95%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-25.63%	-21.47%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-29.77%	-38.12%	+8.35%
Current Drawdown Current decline from peak	0.00%	-2.20%	+2.20%
Average Drawdown Average peak-to-trough decline	-7.18%	-8.58%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.77%	-0.09%

Volatility

SWHGX vs. IOEZX - Volatility Comparison

The current volatility for Schwab MarketTrack Growth Portfolio™ (SWHGX) is 2.82%, while ICON Equity Income Fund (IOEZX) has a volatility of 3.68%. This indicates that SWHGX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWHGX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	3.68%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	8.84%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	12.05%	-2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	13.83%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	16.48%	-2.23%

SWHGX vs. IOEZX - Expense Ratio Comparison

SWHGX has a 0.39% expense ratio, which is lower than IOEZX's 1.00% expense ratio.

Dividends

SWHGX vs. IOEZX - Dividend Comparison

SWHGX's dividend yield for the trailing twelve months is around 8.69%, more than IOEZX's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOEZX ICON Equity Income Fund	2.97%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%
SWHGX Schwab MarketTrack Growth Portfolio™	8.69%	9.59%	11.68%	4.00%	4.53%	5.04%	8.15%	5.76%	5.76%	4.87%	3.73%	14.80%

Frequently Asked Questions

Can I hold both SWHGX and IOEZX in my portfolio?

SWHGX and IOEZX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWHGX or IOEZX?

IOEZX has higher volatility (3.68%) compared to SWHGX (2.82%). In terms of maximum drawdown, SWHGX dropped -49.19% vs IOEZX's -56.15%.

Which has better risk-adjusted returns?

SWHGX currently has the higher Sharpe Ratio (2.50 vs 2.32), 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.