SWMCX vs. ATGAX

Last updated Jun 4, 2026

SWMCX (Schwab U.S. Mid-Cap Index Fund) and ATGAX (Aquila Opportunity Growth Fund) are both Mid Cap Blend Equities funds. A 0.50 correlation means they provide meaningful diversification when combined. SWMCX charges 0.04%/yr vs 1.50%/yr for ATGAX.

Performance

SWMCX vs. ATGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Mid-Cap Index Fund (SWMCX) and Aquila Opportunity Growth Fund (ATGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SWMCX

• 1D: 0.68%
• 1M: 4.11%
• YTD: 12.72%
• 6M: 12.56%
• 1Y: 22.05%
• 3Y*: 17.46%
• 5Y*: 8.33%
• 10Y*: —

ATGAX

• 1D: 1.15%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWMCX vs. ATGAX - Yearly Performance Comparison

	2026 (YTD)
SWMCX Schwab U.S. Mid-Cap Index Fund	1.00%
ATGAX Aquila Opportunity Growth Fund	2.03%

Correlation

The correlation between SWMCX and ATGAX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

Return for Risk

SWMCX vs. ATGAX — Risk / Return Rank

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

SWMCX

SWMCX Risk / Return Rank: 43
SWMCX Sharpe Ratio Rank: 36
SWMCX Sortino Ratio Rank: 36
SWMCX Omega Ratio Rank: 33
SWMCX Calmar Ratio Rank: 56
SWMCX Martin Ratio Rank: 55

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.

SWMCX vs. ATGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Aquila Opportunity Growth Fund (ATGAX). 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.

	SWMCX	ATGAX	Difference
Sharpe ratio Return per unit of total volatility	1.74	—	—
Sortino ratio Return per unit of downside risk	2.50	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	2.87	—	—
Martin ratio Return relative to average drawdown	11.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SWMCX	ATGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	58.33	-57.81

Drawdowns

SWMCX vs. ATGAX - Drawdown Comparison

The maximum SWMCX drawdown since its inception was -40.34%, which is greater than ATGAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWMCX and ATGAX.

Drawdown Indicators

	SWMCX	ATGAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.34%	0.00%	-40.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.09%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.63%	0.00%	-6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	—	—

Volatility

Volatility by Period

	SWMCX	ATGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	9.26%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	9.26%	+8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	9.26%	+11.38%

SWMCX vs. ATGAX - Expense Ratio Comparison

SWMCX has a 0.04% expense ratio, which is lower than ATGAX's 1.50% expense ratio.

Dividends

SWMCX vs. ATGAX - Dividend Comparison

SWMCX's dividend yield for the trailing twelve months is around 1.89%, while ATGAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.89%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%

Frequently Asked Questions

Can I hold both SWMCX and ATGAX in my portfolio?

SWMCX and ATGAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.