SWHGX vs. SWBGX

Last updated Jun 4, 2026

SWHGX (Schwab MarketTrack Growth Portfolio™) and SWBGX (Schwab MarketTrack Balanced Portfolio™) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWHGX returned 10.43%/yr vs 8.20%/yr for SWBGX. With a 0.99 correlation, they move nearly in lockstep. SWHGX charges 0.39%/yr vs 0.40%/yr for SWBGX.

Performance

SWHGX vs. SWBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab MarketTrack Growth Portfolio™ (SWHGX) and Schwab MarketTrack Balanced Portfolio™ (SWBGX). 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 higher than SWBGX's 7.84% return. Over the past 10 years, SWHGX has outperformed SWBGX with an annualized return of 10.43%, while SWBGX has yielded a comparatively lower 8.20% 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%

SWBGX

• 1D: 0.19%
• 1M: 3.09%
• YTD: 7.84%
• 6M: 8.06%
• 1Y: 19.03%
• 3Y*: 13.50%
• 5Y*: 6.81%
• 10Y*: 8.20%

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

SWHGX vs. SWBGX - 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%
SWBGX Schwab MarketTrack Balanced Portfolio™	7.84%	14.73%	9.10%	14.99%	-14.35%	12.85%	10.50%	18.56%	-5.43%	12.70%

Correlation

The correlation between SWHGX and SWBGX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 1996	0.99

The correlation between SWHGX and SWBGX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

SWHGX vs. SWBGX — 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

SWBGX

SWBGX Risk / Return Rank: 73
SWBGX Sharpe Ratio Rank: 75
SWBGX Sortino Ratio Rank: 74
SWBGX Omega Ratio Rank: 71
SWBGX Calmar Ratio Rank: 71
SWBGX Martin Ratio Rank: 76

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. SWBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Growth Portfolio™ (SWHGX) and Schwab MarketTrack Balanced Portfolio™ (SWBGX). 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	SWBGX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.51	-0.01
Sortino ratio: Return per unit of downside risk	3.50	3.58	-0.08
Omega ratio: Gain probability vs. loss probability	1.46	1.47	-0.01
Calmar ratio: Return relative to maximum drawdown	3.31	3.28	+0.03
Martin ratio: Return relative to average drawdown	14.47	14.31	+0.15
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. SWBGX - Sharpe Ratio Comparison

The current SWHGX Sharpe Ratio is 2.50, which is comparable to the SWBGX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of SWHGX and SWBGX, 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	SWBGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.51	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.62	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.75	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.60	-0.08

Drawdowns

SWHGX vs. SWBGX - Drawdown Comparison

The maximum SWHGX drawdown since its inception was -49.19%, which is greater than SWBGX's maximum drawdown of -40.37%. Use the drawdown chart below to compare losses from any high point for SWHGX and SWBGX.

Drawdown Indicators

	SWHGX	SWBGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.19%	-40.37%	-8.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.38%	-5.89%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-9.69%	-3.46%
Max Drawdown (5Y) Largest decline over 5 years	-25.63%	-23.97%	-1.66%
Max Drawdown (10Y) Largest decline over 10 years	-29.77%	-23.97%	-5.80%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-5.41%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.35%	+0.33%

Volatility

SWHGX vs. SWBGX - Volatility Comparison

Schwab MarketTrack Growth Portfolio™ (SWHGX) has a higher volatility of 2.82% compared to Schwab MarketTrack Balanced Portfolio™ (SWBGX) at 2.38%. This indicates that SWHGX's price experiences larger fluctuations and is considered to be riskier than SWBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWHGX	SWBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.38%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	6.05%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	7.70%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	11.02%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	10.97%	+3.28%

SWHGX vs. SWBGX - Expense Ratio Comparison

SWHGX has a 0.39% expense ratio, which is lower than SWBGX's 0.40% expense ratio.

Dividends

SWHGX vs. SWBGX - Dividend Comparison

SWHGX's dividend yield for the trailing twelve months is around 8.69%, more than SWBGX's 7.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWBGX Schwab MarketTrack Balanced Portfolio™	7.13%	7.69%	10.74%	4.23%	4.13%	5.02%	6.41%	4.42%	7.11%	5.30%	3.18%	14.29%
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 SWBGX in my portfolio?

With a correlation of 0.99, SWHGX and SWBGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SWHGX or SWBGX?

SWHGX has higher volatility (2.82%) compared to SWBGX (2.38%). In terms of maximum drawdown, SWHGX dropped -49.19% vs SWBGX's -40.37%.

Which has better risk-adjusted returns?

SWBGX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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.