SWLVX vs. FALIX

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab U.S. Large-Cap Value Index Fund (SWLVX) and Fidelity Advisor Large Cap Fund Class I (FALIX).

SWLVX is managed by Charles Schwab. It was launched on Dec 20, 2017. FALIX is managed by Fidelity. It was launched on Feb 20, 1996.

Performance

SWLVX vs. FALIX - 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 Fidelity Advisor Large Cap Fund Class I (FALIX). The values are adjusted to include any dividend payments, if applicable.

SWLVX vs. FALIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWLVX Schwab U.S. Large-Cap Value Index Fund	-0.06%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%
FALIX Fidelity Advisor Large Cap Fund Class I	0.00%	19.65%	26.36%	23.49%	-7.91%	25.81%	8.85%	31.71%	-8.42%	-0.78%

Returns By Period

SWLVX

• 1D: -0.37%
• 1M: -6.82%
• YTD: -0.06%
• 6M: 3.73%
• 1Y: 13.42%
• 3Y*: 13.48%
• 5Y*: 8.93%
• 10Y*: —

FALIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.12%
• 1Y: 22.56%
• 3Y*: 20.59%
• 5Y*: 14.03%
• 10Y*: 14.62%

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

SWLVX vs. FALIX - Expense Ratio Comparison

SWLVX has a 0.04% expense ratio, which is lower than FALIX's 0.54% expense ratio.

FALIX

Fidelity Advisor Large Cap Fund Class I

SWLVX

Schwab U.S. Large-Cap Value Index Fund

Return for Risk

SWLVX vs. FALIX — Risk / Return Rank

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

SWLVX

SWLVX Risk / Return Rank: 50
SWLVX Sharpe Ratio Rank: 49
SWLVX Sortino Ratio Rank: 48
SWLVX Omega Ratio Rank: 52
SWLVX Calmar Ratio Rank: 44
SWLVX Martin Ratio Rank: 54

FALIX

FALIX Risk / Return Rank: 70
FALIX Sharpe Ratio Rank: 80
FALIX Sortino Ratio Rank: 82
FALIX Omega Ratio Rank: 93
FALIX Calmar Ratio Rank: 47
FALIX Martin Ratio Rank: 48

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.

SWLVX vs. FALIX - 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 Fidelity Advisor Large Cap Fund Class I (FALIX). 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.

	SWLVX	FALIX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.47	-0.54
Sortino ratio Return per unit of downside risk	1.36	2.10	-0.74
Omega ratio Gain probability vs. loss probability	1.21	1.45	-0.25
Calmar ratio Return relative to maximum drawdown	1.10	1.15	-0.05
Martin ratio Return relative to average drawdown	5.22	4.70	+0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWLVX vs. FALIX - Sharpe Ratio Comparison

The current SWLVX Sharpe Ratio is 0.93, which is lower than the FALIX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of SWLVX and FALIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWLVX	FALIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.47	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.87	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.48	0.00

Correlation

The correlation between SWLVX and FALIX is 0.90, 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

SWLVX vs. FALIX - Dividend Comparison

SWLVX's dividend yield for the trailing twelve months is around 2.02%, less than FALIX's 5.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWLVX Schwab U.S. Large-Cap Value Index Fund	2.02%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%
FALIX Fidelity Advisor Large Cap Fund Class I	5.86%	5.86%	6.10%	3.43%	2.28%	6.51%	5.39%	8.35%	16.78%	6.13%	2.25%	3.16%

Drawdowns

SWLVX vs. FALIX - Drawdown Comparison

The maximum SWLVX drawdown since its inception was -38.34%, smaller than the maximum FALIX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for SWLVX and FALIX.

Drawdown Indicators

	SWLVX	FALIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-62.37%	+24.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-12.28%	+0.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.05%	-21.48%	+2.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.51%	—
Current Drawdown Current decline from peak	-6.82%	-4.17%	-2.65%
Average Drawdown Average peak-to-trough decline	-4.93%	-13.32%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	3.90%	-1.41%

Volatility

SWLVX vs. FALIX - Volatility Comparison

Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a higher volatility of 3.72% compared to Fidelity Advisor Large Cap Fund Class I (FALIX) at 0.00%. This indicates that SWLVX's price experiences larger fluctuations and is considered to be riskier than FALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWLVX	FALIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	0.00%	+3.72%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	5.85%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.63%	17.16%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	16.55%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	18.62%	+0.04%