TRPIX vs. SWLVX
TRPIX (T. Rowe Price Value Fund Class I) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. TRPIX is actively managed, while SWLVX is passively managed. Over the past 5 years, TRPIX returned 10.38%/yr vs 11.69%/yr for SWLVX. Their correlation of 0.95 means they have usually moved in the same direction. TRPIX charges 0.57%/yr vs 0.04%/yr for SWLVX.
Performance
TRPIX vs. SWLVX - Performance Comparison
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Returns By Period
In the year-to-date period, TRPIX achieves a 18.73% return, which is significantly lower than SWLVX's 20.05% return.
TRPIX
- 1D
- 0.37%
- 1M
- 1.89%
- 6M
- 12.63%
- YTD
- 18.73%
- 1Y
- 26.95%
- 3Y*
- 16.88%
- 5Y*
- 10.38%
- 10Y*
- 12.07%
- ALL TIME*
- 11.94%
SWLVX
- 1D
- 0.46%
- 1M
- 1.46%
- 6M
- 14.82%
- YTD
- 20.05%
- 1Y
- 32.19%
- 3Y*
- 17.67%
- 5Y*
- 11.69%
- 10Y*
- —
- ALL TIME*
- 10.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRPIX vs. SWLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRPIX T. Rowe Price Value Fund Class I | 18.73% | 12.34% | 15.14% | 12.33% | -11.25% | 29.99% | 10.62% | 26.38% | -9.31% | -0.72% |
SWLVX Schwab U.S. Large-Cap Value Index Fund | 20.05% | 15.87% | 14.36% | 11.45% | -7.61% | 25.15% | 2.64% | 26.49% | -8.39% | 0.30% |
Correlation
The correlation between TRPIX and SWLVX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017 | 0.95 |
The correlation between TRPIX and SWLVX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TRPIX vs. SWLVX — Risk / Return Rank
TRPIX
SWLVX
TRPIX vs. SWLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value Fund Class I (TRPIX) 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.
| TRPIX | SWLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.33 | -0.71 |
| Martin ratioReturn relative to average drawdown | 14.56 | 18.59 | -4.03 |
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Drawdowns
TRPIX vs. SWLVX - Drawdown Comparison
The maximum TRPIX drawdown since its inception was -38.64%, roughly equal to the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for TRPIX and SWLVX.
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Drawdown Indicators
| TRPIX | SWLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -38.34% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.82% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -15.61% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -19.05% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.56% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.76% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.60% | +0.16% |
Volatility
TRPIX vs. SWLVX - Volatility Comparison
T. Rowe Price Value Fund Class I (TRPIX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 2.88% and 2.94%, 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.
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Volatility by Period
| TRPIX | SWLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.94% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 8.77% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 11.42% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 14.86% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 18.46% | -1.18% |
TRPIX vs. SWLVX - Expense Ratio Comparison
TRPIX has a 0.57% expense ratio, which is higher than SWLVX's 0.04% expense ratio.
Dividends
TRPIX vs. SWLVX - Dividend Comparison
TRPIX's dividend yield for the trailing twelve months is around 3.99%, more than SWLVX's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLVX Schwab U.S. Large-Cap Value Index Fund | 1.68% | 2.02% | 2.75% | 2.56% | 2.29% | 4.86% | 2.00% | 4.35% | 1.87% | 0.00% | 0.00% | 0.00% |
TRPIX T. Rowe Price Value Fund Class I | 3.99% | 4.73% | 8.58% | 3.13% | 10.36% | 11.09% | 2.58% | 1.85% | 11.29% | 5.89% | 3.24% | 8.83% |
Frequently Asked Questions
With a correlation of 0.93, TRPIX 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.
SWLVX has higher volatility (2.94%) compared to TRPIX (2.88%). In terms of maximum drawdown, TRPIX dropped -38.64% vs SWLVX's -38.34%.
SWLVX currently has the higher Sharpe Ratio (2.59 vs 2.28), 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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