SWLSX vs. QQQ
Compare and contrast key facts about Schwab Large-Cap Growth Fund™ (SWLSX) and Invesco QQQ (QQQ).
SWLSX is managed by Charles Schwab. It was launched on Oct 3, 2005. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWLSX or QQQ.
Performance
SWLSX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SWLSX achieves a 27.83% return, which is significantly higher than QQQ's 23.40% return. Over the past 10 years, SWLSX has underperformed QQQ with an annualized return of 6.97%, while QQQ has yielded a comparatively higher 18.08% annualized return.
SWLSX
27.83%
0.88%
11.97%
32.36%
13.98%
6.97%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| SWLSX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.98 | 1.71 |
| Sortino Ratio | 2.64 | 2.29 |
| Omega Ratio | 1.36 | 1.31 |
| Calmar Ratio | 2.64 | 2.19 |
| Martin Ratio | 10.56 | 7.95 |
| Ulcer Index | 3.03% | 3.73% |
| Daily Std Dev | 16.19% | 17.38% |
| Max Drawdown | -49.89% | -82.98% |
| Current Drawdown | -1.72% | -2.13% |
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SWLSX vs. QQQ - Expense Ratio Comparison
SWLSX has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between SWLSX and QQQ is 0.93, 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.
Risk-Adjusted Performance
SWLSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Large-Cap Growth Fund™ (SWLSX) and Invesco QQQ (QQQ). 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
SWLSX vs. QQQ - Dividend Comparison
SWLSX's dividend yield for the trailing twelve months is around 0.03%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLSX Schwab Large-Cap Growth Fund™ | 0.03% | 0.04% | 0.02% | 0.00% | 0.00% | 0.16% | 0.50% | 0.40% | 1.11% | 1.32% | 0.53% | 0.57% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SWLSX vs. QQQ - Drawdown Comparison
The maximum SWLSX drawdown since its inception was -49.89%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SWLSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SWLSX vs. QQQ - Volatility Comparison
The current volatility for Schwab Large-Cap Growth Fund™ (SWLSX) is 5.24%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that SWLSX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.