SWLGX vs. VVIAX

Last updated Jun 13, 2026

SWLGX (Schwab U.S. Large-Cap Growth Index Fund) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both mutual funds - SWLGX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while VVIAX is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 5 years, SWLGX returned 14.07%/yr vs 11.55%/yr for VVIAX. A 0.65 correlation means they provide meaningful diversification when combined. SWLGX charges 0.04%/yr vs 0.05%/yr for VVIAX.

Performance

SWLGX vs. VVIAX - 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 Vanguard Value Index Fund Admiral Shares (VVIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWLGX achieves a 2.97% return, which is significantly lower than VVIAX's 13.25% return.

SWLGX

• 1D: 1.63%
• 1M: -3.37%
• YTD: 2.97%
• 6M: 3.50%
• 1Y: 20.58%
• 3Y*: 22.79%
• 5Y*: 14.07%
• 10Y*: —

VVIAX

• 1D: 1.71%
• 1M: 2.93%
• YTD: 13.25%
• 6M: 12.95%
• 1Y: 26.73%
• 3Y*: 18.06%
• 5Y*: 11.55%
• 10Y*: 12.64%

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

SWLGX vs. VVIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWLGX Schwab U.S. Large-Cap Growth Index Fund	2.97%	18.55%	33.30%	42.67%	-29.17%	27.55%	38.43%	36.30%	-1.59%	-0.60%
VVIAX Vanguard Value Index Fund Admiral Shares	13.25%	15.27%	16.00%	9.22%	-2.07%	26.51%	2.29%	25.81%	-5.45%	-0.16%

Correlation

The correlation between SWLGX and VVIAX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.65

Over the past year, the correlation between SWLGX and VVIAX has dropped to 0.42 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

SWLGX vs. VVIAX - Sectors Allocation Comparison

Sectors	SWLGX	VVIAX
Technology	51.4%	13.4%
Communication Services	13.2%	3.3%
Consumer Cyclical	13.2%	4.0%
Healthcare	7.1%	14.5%
Industrials	5.7%	14.0%
Financial Services	5.4%	22.3%
Consumer Defensive	2.7%	9.4%
Real Estate	0.4%	2.8%
Energy	0.4%	8.1%
Basic Materials	0.3%	3.1%
Utilities	0.3%	5.2%

Return for Risk

SWLGX vs. VVIAX — Risk / Return Rank

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

SWLGX

SWLGX Risk / Return Rank: 25
SWLGX Sharpe Ratio Rank: 29
SWLGX Sortino Ratio Rank: 27
SWLGX Omega Ratio Rank: 28
SWLGX Calmar Ratio Rank: 19
SWLGX Martin Ratio Rank: 20

VVIAX

VVIAX Risk / Return Rank: 89
VVIAX Sharpe Ratio Rank: 90
VVIAX Sortino Ratio Rank: 87
VVIAX Omega Ratio Rank: 83
VVIAX Calmar Ratio Rank: 92
VVIAX Martin Ratio Rank: 92

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. VVIAX - 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 Vanguard Value Index Fund Admiral Shares (VVIAX). 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	VVIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.57	-1.34
Sortino ratio: Return per unit of downside risk	1.71	3.65	-1.94
Omega ratio: Gain probability vs. loss probability	1.22	1.46	-0.24
Calmar ratio: Return relative to maximum drawdown	1.22	4.18	-2.96
Martin ratio: Return relative to average drawdown	4.03	15.68	-11.65

SWLGX vs. VVIAX - Sharpe Ratio Comparison

The current SWLGX Sharpe Ratio is 1.23, which is lower than the VVIAX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of SWLGX and VVIAX, 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. VVIAX - Drawdown Comparison

The maximum SWLGX drawdown since its inception was -32.69%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for SWLGX and VVIAX.

Drawdown Indicators

	SWLGX	VVIAX	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-59.32%	+26.63%
Max Drawdown (1Y) Largest decline over 1 year	-16.16%	-6.36%	-9.80%
Max Drawdown (3Y) Largest decline over 3 years	-23.30%	-14.39%	-8.91%
Max Drawdown (5Y) Largest decline over 5 years	-32.69%	-17.14%	-15.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.80%	—
Current Drawdown Current decline from peak	-5.55%	0.00%	-5.55%
Average Drawdown Average peak-to-trough decline	-7.04%	-9.61%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	1.69%	+3.17%

Volatility

SWLGX vs. VVIAX - Volatility Comparison

Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a higher volatility of 5.46% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 3.32%. This indicates that SWLGX's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWLGX	VVIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	3.32%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	7.96%	+4.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	10.35%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.57%	13.96%	+7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.69%	16.75%	+5.94%

SWLGX vs. VVIAX - Expense Ratio Comparison

SWLGX has a 0.04% expense ratio, which is lower than VVIAX's 0.05% 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. VVIAX - Dividend Comparison

SWLGX's dividend yield for the trailing twelve months is around 0.44%, less than VVIAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VVIAX Vanguard Value Index Fund Admiral Shares	1.84%	2.04%	2.30%	2.45%	2.51%	2.14%	2.55%	2.49%	2.72%	2.29%	2.45%	2.60%

Frequently Asked Questions

Can I hold both SWLGX and VVIAX in my portfolio?

SWLGX and VVIAX have a correlation of 0.42, 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 VVIAX?

SWLGX has higher volatility (5.46%) compared to VVIAX (3.32%). In terms of maximum drawdown, SWLGX dropped -32.69% vs VVIAX's -59.32%.

Which has better risk-adjusted returns?

VVIAX currently has the higher Sharpe Ratio (2.57 vs 1.23), 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.