SWLGX vs. QQQM
Compare and contrast key facts about Schwab U.S. Large-Cap Growth Index Fund (SWLGX) and Invesco NASDAQ 100 ETF (QQQM).
SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both SWLGX and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWLGX or QQQM.
Key characteristics
| SWLGX | QQQM | |
|---|---|---|
| YTD Return | 32.12% | 25.73% |
| 1Y Return | 39.78% | 33.97% |
| 3Y Return (Ann) | 10.45% | 9.92% |
| Sharpe Ratio | 2.55 | 2.13 |
| Sortino Ratio | 3.27 | 2.81 |
| Omega Ratio | 1.47 | 1.38 |
| Calmar Ratio | 3.24 | 2.72 |
| Martin Ratio | 12.74 | 9.92 |
| Ulcer Index | 3.34% | 3.71% |
| Daily Std Dev | 16.67% | 17.28% |
| Max Drawdown | -32.69% | -35.05% |
| Current Drawdown | -0.08% | -0.37% |
Correlation
The correlation between SWLGX and QQQM is 0.98, 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.
Performance
SWLGX vs. QQQM - Performance Comparison
In the year-to-date period, SWLGX achieves a 32.12% return, which is significantly higher than QQQM's 25.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWLGX vs. QQQM - Expense Ratio Comparison
SWLGX has a 0.04% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SWLGX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth Index Fund (SWLGX) and Invesco NASDAQ 100 ETF (QQQM). 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.
Dividends
SWLGX vs. QQQM - Dividend Comparison
SWLGX's dividend yield for the trailing twelve months is around 0.51%, less than QQQM's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.51% | 0.67% | 0.93% | 0.57% | 0.67% | 0.96% | 1.03% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% |
Drawdowns
SWLGX vs. QQQM - Drawdown Comparison
The maximum SWLGX drawdown since its inception was -32.69%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for SWLGX and QQQM. For additional features, visit the drawdowns tool.
Volatility
SWLGX vs. QQQM - Volatility Comparison
Schwab U.S. Large-Cap Growth Index Fund (SWLGX) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.92% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.