SWLSX vs. SPY
Compare and contrast key facts about Schwab Large-Cap Growth Fund™ (SWLSX) and State Street SPDR S&P 500 ETF (SPY).
SWLSX is managed by Charles Schwab. It was launched on Oct 3, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWLSX vs. SPY - Performance Comparison
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SWLSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWLSX Schwab Large-Cap Growth Fund™ | -12.73% | 19.69% | 29.41% | 38.27% | -27.00% | 29.03% | 29.03% | 31.02% | -7.93% | 29.01% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWLSX achieves a -12.73% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with SWLSX having a 14.02% annualized return and SPY not far behind at 13.98%.
SWLSX
- 1D
- -0.72%
- 1M
- -8.75%
- YTD
- -12.73%
- 6M
- -11.11%
- 1Y
- 15.36%
- 3Y*
- 18.28%
- 5Y*
- 11.53%
- 10Y*
- 14.02%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWLSX vs. SPY - Expense Ratio Comparison
SWLSX has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SWLSX vs. SPY — Risk / Return Rank
SWLSX
SPY
SWLSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Large-Cap Growth Fund™ (SWLSX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.93 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.45 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.53 | -0.75 |
Martin ratioReturn relative to average drawdown | 2.74 | 7.30 | -4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWLSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.93 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.69 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.78 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.56 | -0.05 |
Correlation
The correlation between SWLSX and SPY is 0.94, 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.
Dividends
SWLSX vs. SPY - Dividend Comparison
SWLSX's dividend yield for the trailing twelve months is around 1.34%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLSX Schwab Large-Cap Growth Fund™ | 1.34% | 1.17% | 0.11% | 0.04% | 2.07% | 7.77% | 1.07% | 5.32% | 12.35% | 7.92% | 4.46% | 17.08% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWLSX vs. SPY - Drawdown Comparison
The maximum SWLSX drawdown since its inception was -49.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWLSX and SPY.
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Drawdown Indicators
| SWLSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.89% | -55.19% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -12.05% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -24.50% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | -33.72% | +2.40% |
Current DrawdownCurrent decline from peak | -16.17% | -6.24% | -9.93% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -9.09% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 2.52% | +2.05% |
Volatility
SWLSX vs. SPY - Volatility Comparison
Schwab Large-Cap Growth Fund™ (SWLSX) has a higher volatility of 5.73% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SWLSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWLSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.31% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 9.47% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 19.05% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.97% | 17.06% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 17.92% | +2.84% |