SWLSX vs. SWASX
SWLSX (Schwab Large-Cap Growth Fund™) and SWASX (Schwab Global Real Estate Fund™) are both mutual funds - SWLSX is a Large Cap Growth Equities fund actively managed by Charles Schwab, while SWASX is a REIT fund managed by Charles Schwab. Over the past 10 years, SWLSX returned 15.55%/yr vs 3.56%/yr for SWASX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. SWLSX charges 0.99%/yr vs 1.05%/yr for SWASX.
Performance
SWLSX vs. SWASX - Performance Comparison
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Returns By Period
In the year-to-date period, SWLSX achieves a 3.77% return, which is significantly lower than SWASX's 12.73% return. Over the past 10 years, SWLSX has outperformed SWASX with an annualized return of 15.55%, while SWASX has yielded a comparatively lower 3.56% annualized return.
SWLSX
- 1D
- 3.14%
- 1M
- -3.40%
- 6M
- 4.49%
- YTD
- 3.77%
- 1Y
- 14.32%
- 3Y*
- 19.42%
- 5Y*
- 12.36%
- 10Y*
- 15.55%
- ALL TIME*
- 11.07%
SWASX
- 1D
- -0.13%
- 1M
- 2.62%
- 6M
- 8.40%
- YTD
- 12.73%
- 1Y
- 18.75%
- 3Y*
- 9.42%
- 5Y*
- 1.89%
- 10Y*
- 3.56%
- ALL TIME*
- 2.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWLSX vs. SWASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWLSX Schwab Large-Cap Growth Fund™ | 3.77% | 19.69% | 29.41% | 38.27% | -27.00% | 29.03% | 29.03% | 31.02% | -7.93% | 29.01% |
SWASX Schwab Global Real Estate Fund™ | 12.73% | 11.33% | 1.42% | 8.49% | -25.10% | 25.32% | -12.10% | 27.81% | -7.66% | 14.38% |
Correlation
The correlation between SWLSX and SWASX is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.67 |
Over the past year, the correlation between SWLSX and SWASX has dropped to 0.18 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
SWLSX vs. SWASX — Risk / Return Rank
SWLSX
SWASX
SWLSX vs. SWASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Large-Cap Growth Fund™ (SWLSX) and Schwab Global Real Estate Fund™ (SWASX). 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.
| SWLSX | SWASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.61 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.42 | 6.03 | -3.61 |
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Drawdowns
SWLSX vs. SWASX - Drawdown Comparison
The maximum SWLSX drawdown since its inception was -49.89%, smaller than the maximum SWASX drawdown of -69.47%. Use the drawdown chart below to compare losses from any high point for SWLSX and SWASX.
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Drawdown Indicators
| SWLSX | SWASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.89% | -69.47% | +19.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -10.89% | -5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.93% | -17.23% | -5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -32.31% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | -44.19% | +12.87% |
Current DrawdownCurrent decline from peak | -6.66% | -0.27% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -15.39% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 2.91% | +2.07% |
Volatility
SWLSX vs. SWASX - Volatility Comparison
Schwab Large-Cap Growth Fund™ (SWLSX) has a higher volatility of 6.15% compared to Schwab Global Real Estate Fund™ (SWASX) at 2.88%. This indicates that SWLSX's price experiences larger fluctuations and is considered to be riskier than SWASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWLSX | SWASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 2.88% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 9.31% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 11.51% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 15.46% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 17.05% | +3.91% |
SWLSX vs. SWASX - Expense Ratio Comparison
SWLSX has a 0.99% expense ratio, which is lower than SWASX's 1.05% expense ratio.
Dividends
SWLSX vs. SWASX - Dividend Comparison
SWLSX's dividend yield for the trailing twelve months is around 1.13%, less than SWASX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWASX Schwab Global Real Estate Fund™ | 3.28% | 3.11% | 3.32% | 3.29% | 3.00% | 3.71% | 2.94% | 7.38% | 4.24% | 3.32% | 4.67% | 3.00% |
SWLSX Schwab Large-Cap Growth Fund™ | 1.13% | 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
SWLSX and SWASX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWLSX has higher volatility (6.15%) compared to SWASX (2.88%). In terms of maximum drawdown, SWLSX dropped -49.89% vs SWASX's -69.47%.
SWASX currently has the higher Sharpe Ratio (1.53 vs 0.67), 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.
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