SWLVX vs. ACIIX

Last updated Aug 1, 2026

SWLVX (Schwab U.S. Large-Cap Value Index Fund) and ACIIX (American Century Equity Income Fund Class I) are both mutual funds - SWLVX is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while ACIIX is a Dividend fund managed by American Century. Over the past 5 years, SWLVX returned 11.69%/yr vs 8.20%/yr for ACIIX. Their correlation of 0.92 means they have usually moved in the same direction. SWLVX charges 0.04%/yr vs 0.72%/yr for ACIIX.

Performance

SWLVX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Value Index Fund (SWLVX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWLVX achieves a 20.05% return, which is significantly higher than ACIIX's 13.38% return.

SWLVX

• 1D: 0.46%
• 1M: 1.46%
• 6M: 14.82%
• YTD: 20.05%
• 1Y: 32.19%
• 3Y*: 17.67%
• 5Y*: 11.69%
• 10Y*: —
• ALL TIME*: 10.94%

ACIIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 9.01%
• YTD: 13.38%
• 1Y: 19.83%
• 3Y*: 11.90%
• 5Y*: 8.20%
• 10Y*: 9.16%
• ALL TIME*: 7.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACIIX American Century Equity Income Fund Class I	$0.00	$0.00	$0.00
SWLVX Schwab U.S. Large-Cap Value Index Fund	$0.00	$0.00	$0.00

SWLVX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWLVX Schwab U.S. Large-Cap Value Index Fund	20.05%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%
ACIIX American Century Equity Income Fund Class I	13.38%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	-0.16%

Correlation

The correlation between SWLVX and ACIIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.92

The correlation between SWLVX and ACIIX shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWLVX vs. ACIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWLVX

SWLVX Risk / Return Rank: 94
SWLVX Sharpe Ratio Rank: 95
SWLVX Sortino Ratio Rank: 93
SWLVX Omega Ratio Rank: 89
SWLVX Calmar Ratio Rank: 96
SWLVX Martin Ratio Rank: 97

ACIIX

ACIIX Risk / Return Rank: 84
ACIIX Sharpe Ratio Rank: 87
ACIIX Sortino Ratio Rank: 88
ACIIX Omega Ratio Rank: 82
ACIIX Calmar Ratio Rank: 85
ACIIX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWLVX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value Index Fund (SWLVX) and American Century Equity Income Fund Class I (ACIIX). 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.

	SWLVX	ACIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.13	+0.46
Sortino ratio: Return per unit of downside risk	3.63	3.23	+0.40
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio: Return relative to maximum drawdown	4.33	2.87	+1.46
Martin ratio: Return relative to average drawdown	18.59	9.45	+9.14

SWLVX vs. ACIIX - Sharpe Ratio Comparison

The current SWLVX Sharpe Ratio is 2.59, which is comparable to the ACIIX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SWLVX and ACIIX, 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

SWLVX vs. ACIIX - Drawdown Comparison

The maximum SWLVX drawdown since its inception was -38.34%, roughly equal to the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for SWLVX and ACIIX.

Drawdown Indicators

	SWLVX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-39.16%	+0.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-6.38%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.61%	-10.15%	-5.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.05%	-13.49%	-5.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.76%	—
Current Drawdown Current decline from peak	-0.56%	-0.63%	+0.07%
Average Drawdown Average peak-to-trough decline	-4.76%	-5.22%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.93%	-0.33%

Volatility

SWLVX vs. ACIIX - Volatility Comparison

Schwab U.S. Large-Cap Value Index Fund (SWLVX) and American Century Equity Income Fund Class I (ACIIX) have volatilities of 2.94% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWLVX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.92%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	6.54%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	8.61%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	10.78%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	13.34%	+5.12%

SWLVX vs. ACIIX - Expense Ratio Comparison

SWLVX has a 0.04% expense ratio, which is lower than ACIIX's 0.72% expense ratio.

Dividends

SWLVX vs. ACIIX - Dividend Comparison

SWLVX's dividend yield for the trailing twelve months is around 1.68%, less than ACIIX's 9.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIIX American Century Equity Income Fund Class I	9.48%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.68%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SWLVX and ACIIX in my portfolio?

SWLVX and ACIIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWLVX or ACIIX?

SWLVX has higher volatility (2.94%) compared to ACIIX (2.92%). In terms of maximum drawdown, SWLVX dropped -38.34% vs ACIIX's -39.16%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.59 vs 2.13), 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.