TWQZX vs. SWLVX

Last updated Jun 23, 2026

TWQZX (Transamerica Large Cap Value Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, TWQZX returned 13.53%/yr vs 11.71%/yr for SWLVX. With a 0.95 correlation, they move nearly in lockstep. TWQZX charges 0.61%/yr vs 0.04%/yr for SWLVX.

Performance

TWQZX vs. SWLVX - Performance Comparison

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

Returns By Period

In the year-to-date period, TWQZX achieves a 9.70% return, which is significantly lower than SWLVX's 15.99% return.

TWQZX

• 1D: 0.48%
• 1M: 1.56%
• YTD: 9.70%
• 6M: 9.25%
• 1Y: 29.30%
• 3Y*: 19.99%
• 5Y*: 13.53%
• 10Y*: 11.64%

SWLVX

• 1D: 0.75%
• 1M: 2.84%
• YTD: 15.99%
• 6M: 15.35%
• 1Y: 30.01%
• 3Y*: 17.99%
• 5Y*: 11.71%
• 10Y*: —

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

TWQZX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWQZX Transamerica Large Cap Value Fund	9.70%	23.94%	17.19%	13.20%	-7.13%	31.23%	1.29%	18.09%	-10.40%	-0.01%
SWLVX Schwab U.S. Large-Cap Value Index Fund	15.99%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between TWQZX 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 Dec 19, 2017	0.95

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

Return for Risk

TWQZX vs. SWLVX — Risk / Return Rank

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

TWQZX

TWQZX Risk / Return Rank: 84
TWQZX Sharpe Ratio Rank: 85
TWQZX Sortino Ratio Rank: 83
TWQZX Omega Ratio Rank: 78
TWQZX Calmar Ratio Rank: 86
TWQZX Martin Ratio Rank: 92

SWLVX

SWLVX Risk / Return Rank: 88
SWLVX Sharpe Ratio Rank: 89
SWLVX Sortino Ratio Rank: 86
SWLVX Omega Ratio Rank: 81
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.

TWQZX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Large Cap Value Fund (TWQZX) 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.

	TWQZX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.71	-0.16
Sortino ratio: Return per unit of downside risk	3.61	3.77	-0.16
Omega ratio: Gain probability vs. loss probability	1.46	1.49	-0.03
Calmar ratio: Return relative to maximum drawdown	3.88	4.46	-0.58
Martin ratio: Return relative to average drawdown	17.25	18.60	-1.35

TWQZX vs. SWLVX - Sharpe Ratio Comparison

The current TWQZX Sharpe Ratio is 2.55, which is comparable to the SWLVX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of TWQZX 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

TWQZX vs. SWLVX - Drawdown Comparison

The maximum TWQZX drawdown since its inception was -42.44%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for TWQZX and SWLVX.

Drawdown Indicators

	TWQZX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.44%	-38.34%	-4.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-6.82%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	-15.61%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-18.69%	-19.05%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-42.44%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.63%	+0.21%
Average Drawdown Average peak-to-trough decline	-4.39%	-4.82%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.63%	+0.08%

Volatility

TWQZX vs. SWLVX - Volatility Comparison

Transamerica Large Cap Value Fund (TWQZX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 3.87% and 4.03%, 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

	TWQZX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.03%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	8.69%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	11.23%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	14.90%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	18.54%	-0.27%

TWQZX vs. SWLVX - Expense Ratio Comparison

TWQZX has a 0.61% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

TWQZX vs. SWLVX - Dividend Comparison

TWQZX's dividend yield for the trailing twelve months is around 3.63%, more than SWLVX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.74%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%
TWQZX Transamerica Large Cap Value Fund	3.63%	4.01%	3.06%	8.74%	7.07%	2.41%	1.97%	4.88%	13.02%	13.17%	9.91%	13.44%

Frequently Asked Questions

Can I hold both TWQZX and SWLVX in my portfolio?

With a correlation of 0.92, TWQZX 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, TWQZX or SWLVX?

SWLVX has higher volatility (4.03%) compared to TWQZX (3.87%). In terms of maximum drawdown, TWQZX dropped -42.44% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.71 vs 2.55), 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.