SWOBX vs. SWBGX
SWOBX (Schwab Balanced Fund™) and SWBGX (Schwab MarketTrack Balanced Portfolio™) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWOBX returned 9.00%/yr vs 8.33%/yr for SWBGX. With a 0.96 correlation, they move nearly in lockstep. SWOBX charges 0.00%/yr vs 0.40%/yr for SWBGX.
Performance
SWOBX vs. SWBGX - Performance Comparison
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Returns By Period
In the year-to-date period, SWOBX achieves a 4.87% return, which is significantly lower than SWBGX's 7.18% return. Over the past 10 years, SWOBX has outperformed SWBGX with an annualized return of 9.00%, while SWBGX has yielded a comparatively lower 8.33% annualized return.
SWOBX
- 1D
- -0.48%
- 1M
- 0.05%
- YTD
- 4.87%
- 6M
- 4.33%
- 1Y
- 14.94%
- 3Y*
- 12.67%
- 5Y*
- 6.33%
- 10Y*
- 9.00%
SWBGX
- 1D
- -0.19%
- 1M
- 0.57%
- YTD
- 7.18%
- 6M
- 6.74%
- 1Y
- 17.34%
- 3Y*
- 13.10%
- 5Y*
- 6.63%
- 10Y*
- 8.33%
SWOBX vs. SWBGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | 4.87% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.18% | 14.73% | 9.10% | 14.99% | -14.35% | 12.85% | 10.50% | 18.56% | -5.43% | 12.70% |
Correlation
The correlation between SWOBX and SWBGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.96 |
The correlation between SWOBX and SWBGX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
SWOBX vs. SWBGX — Risk / Return Rank
SWOBX
SWBGX
SWOBX vs. SWBGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Schwab MarketTrack Balanced Portfolio™ (SWBGX). 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.
| SWOBX | SWBGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.07 | -0.69 |
| Martin ratioReturn relative to average drawdown | 10.23 | 13.19 | -2.96 |
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Drawdowns
SWOBX vs. SWBGX - Drawdown Comparison
The maximum SWOBX drawdown since its inception was -35.99%, smaller than the maximum SWBGX drawdown of -40.37%. Use the drawdown chart below to compare losses from any high point for SWOBX and SWBGX.
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Drawdown Indicators
| SWOBX | SWBGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -40.37% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -5.89% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -11.72% | -9.69% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -23.97% | -4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -28.30% | -23.97% | -4.33% |
Current DrawdownCurrent decline from peak | -1.32% | -0.61% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -5.40% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.37% | +0.16% |
Volatility
SWOBX vs. SWBGX - Volatility Comparison
Schwab Balanced Fund™ (SWOBX) has a higher volatility of 3.46% compared to Schwab MarketTrack Balanced Portfolio™ (SWBGX) at 2.89%. This indicates that SWOBX's price experiences larger fluctuations and is considered to be riskier than SWBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWOBX | SWBGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.89% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 6.50% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 8.09% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 11.07% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 10.99% | +1.92% |
SWOBX vs. SWBGX - Expense Ratio Comparison
SWOBX has a 0.00% expense ratio, which is lower than SWBGX's 0.40% expense ratio.
Dividends
SWOBX vs. SWBGX - Dividend Comparison
SWOBX's dividend yield for the trailing twelve months is around 5.22%, less than SWBGX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.18% | 7.69% | 10.74% | 4.23% | 4.13% | 5.02% | 6.41% | 4.42% | 7.11% | 5.30% | 3.18% | 14.29% |
SWOBX Schwab Balanced Fund™ | 5.22% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
Frequently Asked Questions
With a correlation of 0.96, SWOBX and SWBGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWOBX has higher volatility (3.46%) compared to SWBGX (2.89%). In terms of maximum drawdown, SWOBX dropped -35.99% vs SWBGX's -40.37%.
SWBGX currently has the higher Sharpe Ratio (2.24 vs 1.73), 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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