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SWLVX vs. TORYX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWLVX vs. TORYX

Last updated Jun 23, 2026

SWLVX (Schwab U.S. Large-Cap Value Index Fund) and TORYX (Torray Fund) are both Large Cap Value Equities funds. Over the past 5 years, SWLVX returned 11.71%/yr vs 11.43%/yr for TORYX. Their correlation of 0.94 suggests significant overlap in exposure. SWLVX charges 0.04%/yr vs 1.07%/yr for TORYX.

Performance

SWLVX vs. TORYX - 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 Torray Fund (TORYX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWLVX achieves a 15.99% return, which is significantly higher than TORYX's 9.90% return.

SWLVX

1D
0.75%
1M
2.84%
YTD
15.99%
6M
15.35%
1Y
30.01%
3Y*
17.99%
5Y*
11.71%
10Y*
—

TORYX

1D
-0.46%
1M
-1.77%
YTD
9.90%
6M
9.21%
1Y
20.72%
3Y*
16.42%
5Y*
11.43%
10Y*
9.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWLVX vs. TORYX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWLVX
Schwab U.S. Large-Cap Value Index Fund		15.99%15.87%14.36%11.45%-7.61%25.15%2.64%26.49%-8.39%0.30%
TORYX
Torray Fund		9.90%14.89%13.77%12.57%-0.69%21.40%-2.45%19.89%-10.59%-0.44%

Correlation

The correlation between SWLVX and TORYX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2017

0.94

The correlation between SWLVX and TORYX shifts across timeframes, from 0.78 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

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Schwab U.S. Large-Cap Value Index Fund

Torray Fund

Often compared with SWLVX:
SWLVX vs. SCHDSWLVX vs. SWLGXSWLVX vs. SFLNXSWLVX vs. SWPPXSWLVX vs. VRNIXSWLVX vs. FIOOXSWLVX vs. VOOV
Often compared with TORYX:
TORYX vs. SPYTORYX vs. ACTIXTORYX vs. PSECXTORYX vs. AVERXTORYX vs. VALAXTORYX vs. AUXFXTORYX vs. ACIIX

Return for Risk

SWLVX vs. TORYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWLVX
SWLVX Risk / Return Rank: 8888
Overall Rank
SWLVX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
SWLVX Sortino Ratio Rank: 8686
Sortino Ratio Rank
SWLVX Omega Ratio Rank: 8181
Omega Ratio Rank
SWLVX Calmar Ratio Rank: 9191
Calmar Ratio Rank
SWLVX Martin Ratio Rank: 9494
Martin Ratio Rank
TORYX
TORYX Risk / Return Rank: 6464
Overall Rank
TORYX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
TORYX Sortino Ratio Rank: 5353
Sortino Ratio Rank
TORYX Omega Ratio Rank: 4444
Omega Ratio Rank
TORYX Calmar Ratio Rank: 9292
Calmar Ratio Rank
TORYX Martin Ratio Rank: 7979
Martin Ratio Rank
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. TORYX - 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 Torray Fund (TORYX). 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.

SWLVXTORYXDifference
Sharpe ratioReturn per unit of total volatility
2.71
1.91

+0.80

Sortino ratioReturn per unit of downside risk
3.77
2.82

+0.95

Omega ratioGain probability vs. loss probability

1.49

1.33

+0.16

Calmar ratioReturn relative to maximum drawdown

4.46

4.67

-0.22

Martin ratioReturn relative to average drawdown

18.60

13.65

+4.95

SWLVX vs. TORYX - Sharpe Ratio Comparison

The current SWLVX Sharpe Ratio is 2.71, which is higher than the TORYX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SWLVX and TORYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWLVX vs. TORYX - Drawdown Comparison

The maximum SWLVX drawdown since its inception was -38.34%, smaller than the maximum TORYX drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for SWLVX and TORYX.

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Drawdown Indicators

SWLVXTORYXDifference

Max Drawdown

Largest peak-to-trough decline

-38.34%

-56.55%

+18.21%

Max Drawdown (1Y)

Largest decline over 1 year

-6.82%

-4.50%

-2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-15.61%

-14.64%

-0.97%

Max Drawdown (5Y)

Largest decline over 5 years

-19.05%

-16.53%

-2.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.31%

—

Current Drawdown

Current decline from peak

-0.63%

-3.37%

+2.74%

Average Drawdown

Average peak-to-trough decline

-4.82%

-7.33%

+2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

1.54%

+0.09%

Volatility

SWLVX vs. TORYX - Volatility Comparison

Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a higher volatility of 4.03% compared to Torray Fund (TORYX) at 3.76%. This indicates that SWLVX's price experiences larger fluctuations and is considered to be riskier than TORYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWLVXTORYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.03%

3.76%

+0.27%

Volatility (6M)

Calculated over the trailing 6-month period

8.69%

7.79%

+0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

11.23%

11.03%

+0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.90%

15.15%

-0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.54%

17.62%

+0.92%

SWLVX vs. TORYX - Expense Ratio Comparison

SWLVX has a 0.04% expense ratio, which is lower than TORYX's 1.07% expense ratio.

Dividends

SWLVX vs. TORYX - Dividend Comparison

SWLVX's dividend yield for the trailing twelve months is around 1.74%, less than TORYX's 30.07% yield.

PositionTTM20252024202320222021202020192018201720162015
SWLVX
Schwab U.S. Large-Cap Value Index Fund		1.74%2.02%2.75%2.56%2.29%4.86%2.00%4.35%1.87%0.00%0.00%0.00%
TORYX
Torray Fund		30.07%32.38%7.32%6.47%10.55%10.80%3.22%2.66%2.21%7.34%8.93%4.30%

Frequently Asked Questions

SWLVX and TORYX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWLVX has higher volatility (4.03%) compared to TORYX (3.76%). In terms of maximum drawdown, SWLVX dropped -38.34% vs TORYX's -56.55%.

SWLVX currently has the higher Sharpe Ratio (2.71 vs 1.91), 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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