TRLUX vs. SWLVX

Last updated Jun 24, 2026

TRLUX (T. Rowe Price Large Cap Value Fund Investor Class) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, TRLUX returned 9.40%/yr vs 11.43%/yr for SWLVX. With a 0.96 correlation, they move nearly in lockstep. TRLUX charges 0.70%/yr vs 0.04%/yr for SWLVX.

Performance

TRLUX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TRLUX having a 17.30% return and SWLVX slightly lower at 16.67%.

TRLUX

• 1D: 0.26%
• 1M: 1.90%
• YTD: 17.30%
• 6M: 16.96%
• 1Y: 28.31%
• 3Y*: 17.04%
• 5Y*: 9.40%
• 10Y*: —

SWLVX

• 1D: 0.58%
• 1M: 3.44%
• YTD: 16.67%
• 6M: 15.95%
• 1Y: 29.76%
• 3Y*: 19.02%
• 5Y*: 11.43%
• 10Y*: —

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

TRLUX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TRLUX T. Rowe Price Large Cap Value Fund Investor Class	17.30%	11.66%	11.14%	9.51%	-5.25%	21.12%	36.65%
SWLVX Schwab U.S. Large-Cap Value Index Fund	16.67%	15.87%	14.36%	11.45%	-7.61%	25.15%	29.85%

Correlation

The correlation between TRLUX and SWLVX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 4, 2020	0.96

The correlation between TRLUX and SWLVX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

TRLUX vs. SWLVX — Risk / Return Rank

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

TRLUX

TRLUX Risk / Return Rank: 86
TRLUX Sharpe Ratio Rank: 87
TRLUX Sortino Ratio Rank: 85
TRLUX Omega Ratio Rank: 79
TRLUX Calmar Ratio Rank: 88
TRLUX Martin Ratio Rank: 88

SWLVX

SWLVX Risk / Return Rank: 89
SWLVX Sharpe Ratio Rank: 90
SWLVX Sortino Ratio Rank: 87
SWLVX Omega Ratio Rank: 82
SWLVX Calmar Ratio Rank: 91
SWLVX Martin Ratio Rank: 94

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.

TRLUX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	TRLUX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.75	-0.12
Sortino ratio: Return per unit of downside risk	3.72	3.83	-0.10
Omega ratio: Gain probability vs. loss probability	1.47	1.50	-0.02
Calmar ratio: Return relative to maximum drawdown	4.18	4.53	-0.35
Martin ratio: Return relative to average drawdown	15.82	18.90	-3.08

TRLUX vs. SWLVX - Sharpe Ratio Comparison

The current TRLUX Sharpe Ratio is 2.63, which is comparable to the SWLVX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of TRLUX and SWLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRLUX vs. SWLVX - Drawdown Comparison

The maximum TRLUX drawdown since its inception was -18.06%, smaller than the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for TRLUX and SWLVX.

Drawdown Indicators

	TRLUX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-18.06%	-38.34%	+20.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-6.82%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-15.61%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-19.05%	+0.99%
Current Drawdown Current decline from peak	-0.37%	-0.05%	-0.32%
Average Drawdown Average peak-to-trough decline	-4.02%	-4.81%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.63%	+0.22%

Volatility

TRLUX vs. SWLVX - Volatility Comparison

T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 3.80% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRLUX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	3.98%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	8.69%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	11.26%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	14.89%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	18.54%	-2.57%

TRLUX vs. SWLVX - Expense Ratio Comparison

TRLUX has a 0.70% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

TRLUX vs. SWLVX - Dividend Comparison

TRLUX's dividend yield for the trailing twelve months is around 10.86%, more than SWLVX's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.73%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%
TRLUX T. Rowe Price Large Cap Value Fund Investor Class	10.86%	12.74%	8.27%	8.22%	19.09%	3.04%	3.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRLUX and SWLVX in my portfolio?

With a correlation of 0.92, TRLUX and SWLVX 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.

Which is riskier, TRLUX or SWLVX?

SWLVX has higher volatility (3.98%) compared to TRLUX (3.80%). In terms of maximum drawdown, TRLUX dropped -18.06% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.75 vs 2.63), 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.