SWLGX vs. SFLNX

Last updated Jun 23, 2026

SWLGX (Schwab U.S. Large-Cap Growth Index Fund) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - SWLGX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Both are passively managed. Over the past 5 years, SWLGX returned 14.30%/yr vs 13.94%/yr for SFLNX. A 0.74 correlation means they provide meaningful diversification when combined. SWLGX charges 0.04%/yr vs 0.25%/yr for SFLNX.

Performance

SWLGX vs. SFLNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth Index Fund (SWLGX) and Schwab Fundamental US Large Company Index Fund (SFLNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWLGX achieves a 4.51% return, which is significantly lower than SFLNX's 14.56% return.

SWLGX

• 1D: 1.38%
• 1M: -1.24%
• YTD: 4.51%
• 6M: 3.85%
• 1Y: 22.81%
• 3Y*: 22.68%
• 5Y*: 14.30%
• 10Y*: —

SFLNX

• 1D: 0.49%
• 1M: 0.80%
• YTD: 14.56%
• 6M: 14.06%
• 1Y: 31.56%
• 3Y*: 19.65%
• 5Y*: 13.94%
• 10Y*: 14.25%

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

SWLGX vs. SFLNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWLGX Schwab U.S. Large-Cap Growth Index Fund	4.51%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%
SFLNX Schwab Fundamental US Large Company Index Fund	14.56%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	0.06%

Correlation

The correlation between SWLGX and SFLNX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.74

The correlation between SWLGX and SFLNX shifts across timeframes, from 0.58 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

SWLGX vs. SFLNX - Sectors Allocation Comparison

Sectors	SWLGX	SFLNX
Technology	53.9%	22.2%
Consumer Cyclical	12.7%	9.2%
Communication Services	12.4%	9.9%
Healthcare	7.0%	11.9%
Industrials	5.4%	9.1%
Financial Services	5.0%	13.3%
Consumer Defensive	2.4%	7.0%
Real Estate	0.4%	1.7%
Energy	0.3%	9.3%
Basic Materials	0.3%	3.6%
Utilities	0.3%	3.0%

Return for Risk

SWLGX vs. SFLNX — Risk / Return Rank

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

SWLGX

SWLGX Risk / Return Rank: 22
SWLGX Sharpe Ratio Rank: 26
SWLGX Sortino Ratio Rank: 24
SWLGX Omega Ratio Rank: 25
SWLGX Calmar Ratio Rank: 17
SWLGX Martin Ratio Rank: 19

SFLNX

SFLNX Risk / Return Rank: 92
SFLNX Sharpe Ratio Rank: 94
SFLNX Sortino Ratio Rank: 90
SFLNX Omega Ratio Rank: 86
SFLNX Calmar Ratio Rank: 95
SFLNX Martin Ratio Rank: 95

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.

SWLGX vs. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth Index Fund (SWLGX) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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.

	SWLGX	SFLNX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.00	-1.62
Sortino ratio: Return per unit of downside risk	1.90	4.13	-2.23
Omega ratio: Gain probability vs. loss probability	1.24	1.55	-0.30
Calmar ratio: Return relative to maximum drawdown	1.38	5.22	-3.84
Martin ratio: Return relative to average drawdown	4.53	20.25	-15.72

SWLGX vs. SFLNX - Sharpe Ratio Comparison

The current SWLGX Sharpe Ratio is 1.38, which is lower than the SFLNX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of SWLGX and SFLNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWLGX vs. SFLNX - Drawdown Comparison

The maximum SWLGX drawdown since its inception was -32.69%, smaller than the maximum SFLNX drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for SWLGX and SFLNX.

Drawdown Indicators

	SWLGX	SFLNX	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-56.18%	+23.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.16%	-6.10%	-10.06%
Max Drawdown (3Y) Largest decline over 3 years	-23.30%	-16.27%	-7.03%
Max Drawdown (5Y) Largest decline over 5 years	-32.69%	-18.98%	-13.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.59%	—
Current Drawdown Current decline from peak	-4.13%	-1.18%	-2.95%
Average Drawdown Average peak-to-trough decline	-7.04%	-6.00%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	1.57%	+3.33%

Volatility

SWLGX vs. SFLNX - Volatility Comparison

Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a higher volatility of 5.94% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 3.44%. This indicates that SWLGX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWLGX	SFLNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	3.44%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	12.68%	7.81%	+4.87%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	10.62%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	15.27%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.69%	18.41%	+4.28%

SWLGX vs. SFLNX - Expense Ratio Comparison

SWLGX has a 0.04% expense ratio, which is lower than SFLNX's 0.25% 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%.

Dividends

SWLGX vs. SFLNX - Dividend Comparison

SWLGX's dividend yield for the trailing twelve months is around 0.44%, less than SFLNX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFLNX Schwab Fundamental US Large Company Index Fund	1.46%	1.68%	1.78%	1.86%	2.09%	4.78%	6.17%	5.33%	9.69%	3.28%	7.23%	5.68%
SWLGX Schwab U.S. Large-Cap Growth Index Fund	0.44%	0.46%	0.52%	0.67%	0.93%	1.76%	0.67%	0.96%	1.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SWLGX and SFLNX in my portfolio?

SWLGX and SFLNX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWLGX or SFLNX?

SWLGX has higher volatility (5.94%) compared to SFLNX (3.44%). In terms of maximum drawdown, SWLGX dropped -32.69% vs SFLNX's -56.18%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (3.00 vs 1.38), 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.