SWLSX vs. AAAGX

Last updated Jun 4, 2026

SWLSX (Schwab Large-Cap Growth Fund™) and AAAGX (Thrivent Large Cap Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, SWLSX returned 16.76%/yr vs 17.25%/yr for AAAGX. With a 0.95 correlation, they move nearly in lockstep. SWLSX charges 0.99%/yr vs 1.03%/yr for AAAGX.

Performance

SWLSX vs. AAAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Large-Cap Growth Fund™ (SWLSX) and Thrivent Large Cap Growth Fund (AAAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWLSX achieves a 11.17% return, which is significantly higher than AAAGX's 6.31% return. Both investments have delivered pretty close results over the past 10 years, with SWLSX having a 16.76% annualized return and AAAGX not far ahead at 17.25%.

SWLSX

• 1D: 0.08%
• 1M: 7.06%
• YTD: 11.17%
• 6M: 10.00%
• 1Y: 29.73%
• 3Y*: 24.86%
• 5Y*: 16.18%
• 10Y*: 16.76%

AAAGX

• 1D: -0.14%
• 1M: 5.06%
• YTD: 6.31%
• 6M: 5.62%
• 1Y: 23.58%
• 3Y*: 26.36%
• 5Y*: 13.92%
• 10Y*: 17.25%

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

SWLSX vs. AAAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWLSX Schwab Large-Cap Growth Fund™	11.17%	19.69%	29.41%	38.27%	-27.00%	29.03%	29.03%	31.02%	-7.93%	29.01%
AAAGX Thrivent Large Cap Growth Fund	6.31%	16.12%	39.55%	46.09%	-34.10%	22.05%	42.49%	31.64%	1.43%	24.42%

Correlation

The correlation between SWLSX and AAAGX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.95

The correlation between SWLSX and AAAGX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

SWLSX vs. AAAGX — Risk / Return Rank

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

SWLSX

SWLSX Risk / Return Rank: 35
SWLSX Sharpe Ratio Rank: 43
SWLSX Sortino Ratio Rank: 38
SWLSX Omega Ratio Rank: 39
SWLSX Calmar Ratio Rank: 26
SWLSX Martin Ratio Rank: 27

AAAGX

AAAGX Risk / Return Rank: 23
AAAGX Sharpe Ratio Rank: 29
AAAGX Sortino Ratio Rank: 26
AAAGX Omega Ratio Rank: 26
AAAGX Calmar Ratio Rank: 16
AAAGX Martin Ratio Rank: 18

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.

SWLSX vs. AAAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Large-Cap Growth Fund™ (SWLSX) and Thrivent Large Cap Growth Fund (AAAGX). 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.

	SWLSX	AAAGX	Difference
Sharpe ratio Return per unit of total volatility	1.92	1.53	+0.39
Sortino ratio Return per unit of downside risk	2.60	2.11	+0.49
Omega ratio Gain probability vs. loss probability	1.33	1.27	+0.07
Calmar ratio Return relative to maximum drawdown	1.90	1.45	+0.45
Martin ratio Return relative to average drawdown	6.56	4.86	+1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWLSX vs. AAAGX - Sharpe Ratio Comparison

The current SWLSX Sharpe Ratio is 1.92, which is comparable to the AAAGX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SWLSX and AAAGX, 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

	SWLSX	AAAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.53	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.62	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.80	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.34	+0.24

Drawdowns

SWLSX vs. AAAGX - Drawdown Comparison

The maximum SWLSX drawdown since its inception was -49.89%, smaller than the maximum AAAGX drawdown of -64.98%. Use the drawdown chart below to compare losses from any high point for SWLSX and AAAGX.

Drawdown Indicators

	SWLSX	AAAGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.89%	-64.98%	+15.09%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-16.76%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-22.93%	-23.44%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-31.32%	-40.41%	+9.09%
Max Drawdown (10Y) Largest decline over 10 years	-31.32%	-40.41%	+9.09%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-7.94%	-23.87%	+15.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	5.01%	-0.34%

Volatility

SWLSX vs. AAAGX - Volatility Comparison

The current volatility for Schwab Large-Cap Growth Fund™ (SWLSX) is 3.46%, while Thrivent Large Cap Growth Fund (AAAGX) has a volatility of 3.80%. This indicates that SWLSX experiences smaller price fluctuations and is considered to be less risky than AAAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWLSX	AAAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	3.80%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.26%	12.18%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	15.98%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	22.74%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	21.71%	-0.87%

SWLSX vs. AAAGX - Expense Ratio Comparison

SWLSX has a 0.99% expense ratio, which is lower than AAAGX's 1.03% expense ratio.

Dividends

SWLSX vs. AAAGX - Dividend Comparison

SWLSX's dividend yield for the trailing twelve months is around 1.05%, less than AAAGX's 3.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAGX Thrivent Large Cap Growth Fund	3.54%	3.77%	14.46%	3.55%	9.38%	6.93%	7.74%	5.39%	12.26%	0.00%	0.60%	0.00%
SWLSX Schwab Large-Cap Growth Fund™	1.05%	1.17%	0.11%	0.04%	2.07%	7.77%	1.07%	5.32%	12.35%	7.92%	4.46%	17.08%

Frequently Asked Questions

Can I hold both SWLSX and AAAGX in my portfolio?

With a correlation of 0.98, SWLSX and AAAGX 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, SWLSX or AAAGX?

AAAGX has higher volatility (3.80%) compared to SWLSX (3.46%). In terms of maximum drawdown, SWLSX dropped -49.89% vs AAAGX's -64.98%.

Which has better risk-adjusted returns?

SWLSX currently has the higher Sharpe Ratio (1.92 vs 1.53), 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.