SWOBX vs. SWCGX
SWOBX (Schwab Balanced Fund™) and SWCGX (Schwab MarketTrack Conservative Portfolio™) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWOBX returned 9.00%/yr vs 5.89%/yr for SWCGX. Their correlation of 0.93 suggests significant overlap in exposure. SWOBX charges 0.00%/yr vs 0.42%/yr for SWCGX.
Performance
SWOBX vs. SWCGX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SWOBX having a 4.87% return and SWCGX slightly higher at 4.88%. Over the past 10 years, SWOBX has outperformed SWCGX with an annualized return of 9.00%, while SWCGX has yielded a comparatively lower 5.89% 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%
SWCGX
- 1D
- -0.18%
- 1M
- 0.49%
- YTD
- 4.88%
- 6M
- 4.64%
- 1Y
- 12.66%
- 3Y*
- 9.83%
- 5Y*
- 4.33%
- 10Y*
- 5.89%
SWOBX vs. SWCGX - 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% |
SWCGX Schwab MarketTrack Conservative Portfolio™ | 4.88% | 11.95% | 6.32% | 11.61% | -13.76% | 7.66% | 9.41% | 14.91% | -3.70% | 9.06% |
Correlation
The correlation between SWOBX and SWCGX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.93 |
The correlation between SWOBX and SWCGX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
SWOBX vs. SWCGX — Risk / Return Rank
SWOBX
SWCGX
SWOBX vs. SWCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Schwab MarketTrack Conservative Portfolio™ (SWCGX). 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 | SWCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.89 | -0.51 |
| Martin ratioReturn relative to average drawdown | 10.23 | 12.41 | -2.18 |
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Drawdowns
SWOBX vs. SWCGX - Drawdown Comparison
The maximum SWOBX drawdown since its inception was -35.99%, which is greater than SWCGX's maximum drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for SWOBX and SWCGX.
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Drawdown Indicators
| SWOBX | SWCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -30.18% | -5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -4.58% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -11.72% | -7.34% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -21.83% | -6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -28.30% | -21.83% | -6.47% |
Current DrawdownCurrent decline from peak | -1.32% | -0.43% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -3.34% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.06% | +0.47% |
Volatility
SWOBX vs. SWCGX - Volatility Comparison
Schwab Balanced Fund™ (SWOBX) has a higher volatility of 3.46% compared to Schwab MarketTrack Conservative Portfolio™ (SWCGX) at 2.21%. This indicates that SWOBX's price experiences larger fluctuations and is considered to be riskier than SWCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWOBX | SWCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.21% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 4.92% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 6.08% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 8.96% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 8.14% | +4.77% |
SWOBX vs. SWCGX - Expense Ratio Comparison
SWOBX has a 0.00% expense ratio, which is lower than SWCGX's 0.42% expense ratio.
Dividends
SWOBX vs. SWCGX - Dividend Comparison
SWOBX's dividend yield for the trailing twelve months is around 5.22%, less than SWCGX's 6.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCGX Schwab MarketTrack Conservative Portfolio™ | 6.40% | 6.66% | 10.09% | 6.62% | 4.07% | 4.86% | 3.28% | 3.32% | 4.85% | 3.14% | 2.49% | 7.97% |
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 0.93, SWOBX and SWCGX 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 SWCGX (2.21%). In terms of maximum drawdown, SWOBX dropped -35.99% vs SWCGX's -30.18%.
SWCGX currently has the higher Sharpe Ratio (2.18 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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