YAFFX vs. SWLVX

Last updated Jun 4, 2026

YAFFX (AMG Yacktman Focused Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, YAFFX returned 10.40%/yr vs 10.43%/yr for SWLVX. Their correlation of 0.82 suggests significant overlap in exposure. YAFFX charges 1.25%/yr vs 0.04%/yr for SWLVX.

Performance

YAFFX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Yacktman Focused Fund (YAFFX) 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, YAFFX achieves a 30.77% return, which is significantly higher than SWLVX's 14.27% return.

YAFFX

• 1D: -0.48%
• 1M: 8.70%
• YTD: 30.77%
• 6M: 14.70%
• 1Y: 28.89%
• 3Y*: 17.76%
• 5Y*: 10.40%
• 10Y*: 12.89%

SWLVX

• 1D: 0.81%
• 1M: 4.26%
• YTD: 14.27%
• 6M: 14.87%
• 1Y: 28.30%
• 3Y*: 18.58%
• 5Y*: 10.43%
• 10Y*: —

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

YAFFX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YAFFX AMG Yacktman Focused Fund	30.77%	3.89%	9.30%	16.53%	-8.20%	16.48%	17.22%	19.21%	2.99%	0.14%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.27%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between YAFFX and SWLVX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.82

Over the past year, the correlation between YAFFX and SWLVX has dropped to 0.48 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

YAFFX vs. SWLVX — Risk / Return Rank

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

YAFFX

YAFFX Risk / Return Rank: 25
YAFFX Sharpe Ratio Rank: 21
YAFFX Sortino Ratio Rank: 13
YAFFX Omega Ratio Rank: 44
YAFFX Calmar Ratio Rank: 21
YAFFX Martin Ratio Rank: 25

SWLVX

SWLVX Risk / Return Rank: 83
SWLVX Sharpe Ratio Rank: 84
SWLVX Sortino Ratio Rank: 81
SWLVX Omega Ratio Rank: 75
SWLVX Calmar Ratio Rank: 88
SWLVX Martin Ratio Rank: 90

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.

YAFFX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Focused Fund (YAFFX) 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.

	YAFFX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.70	-1.39
Sortino ratio: Return per unit of downside risk	1.46	3.81	-2.35
Omega ratio: Gain probability vs. loss probability	1.36	1.49	-0.13
Calmar ratio: Return relative to maximum drawdown	1.71	4.28	-2.56
Martin ratio: Return relative to average drawdown	6.17	17.99	-11.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YAFFX vs. SWLVX - Sharpe Ratio Comparison

The current YAFFX Sharpe Ratio is 1.32, which is lower than the SWLVX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of YAFFX 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.

Sharpe Ratios by Period

	YAFFX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.70	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.71	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.57	+0.05

Drawdowns

YAFFX vs. SWLVX - Drawdown Comparison

The maximum YAFFX drawdown since its inception was -43.80%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for YAFFX and SWLVX.

Drawdown Indicators

	YAFFX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-43.80%	-38.34%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-17.08%	-6.82%	-10.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-15.61%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	-19.05%	-2.26%
Max Drawdown (10Y) Largest decline over 10 years	-30.62%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-6.21%	-4.84%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	1.62%	+3.08%

Volatility

YAFFX vs. SWLVX - Volatility Comparison

AMG Yacktman Focused Fund (YAFFX) has a higher volatility of 6.13% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 3.09%. This indicates that YAFFX's price experiences larger fluctuations and is considered to be riskier than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YAFFX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	3.09%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	22.29%	8.19%	+14.10%
Volatility (1Y) Calculated over the trailing 1-year period	22.19%	10.79%	+11.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	14.86%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	18.56%	-2.03%

YAFFX vs. SWLVX - Expense Ratio Comparison

YAFFX has a 1.25% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

YAFFX vs. SWLVX - Dividend Comparison

YAFFX has not paid dividends to shareholders, while SWLVX's dividend yield for the trailing twelve months is around 1.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.77%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%
YAFFX AMG Yacktman Focused Fund	0.00%	0.00%	18.44%	4.42%	7.60%	4.70%	11.87%	15.84%	22.15%	11.82%	11.81%	24.36%

Frequently Asked Questions

Can I hold both YAFFX and SWLVX in my portfolio?

YAFFX and SWLVX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YAFFX or SWLVX?

YAFFX has higher volatility (6.13%) compared to SWLVX (3.09%). In terms of maximum drawdown, YAFFX dropped -43.80% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.70 vs 1.32), 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.