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Schwab S&P 500 Index Fund (SWPPX) Sharpe Ratio: 2.25

Mutual Fund · Currency in USD · Last updated Jun 17, 2026

Schwab S&P 500 Index Fund seeks to track the total return of the S&P 500 Index. The fund generally invests in stocks included in the S&P 500 Index, which comprises 500 leading U.S. publicly traded companies, offering broad large-cap U.S. equity exposure at a very low cost.

SWPPX's Sharpe Ratio of 2.25 indicates that for each unit of volatility, it generates 2.25 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SWPPX Sharpe Ratio Rank

SWPPX Sharpe Ratio Rank: 78.579
Above Average

SWPPX ranks above 78.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

SWPPX Sharpe Ratio Market Positioning

The chart shows SWPPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.37 or lower
  • Yellow zone (middle 50%): 1.37 to 2.36
  • Green zone (top 25%): 2.36 or higher
  • Top 1%: 4.37+
  • Median: 1.98 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Schwab S&P 500 Index Fund's Sharpe Ratio with other mutual funds in the Large Cap Blend Equities, S&P 500 category across multiple time periods, showing how SWPPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VPCCXVanguard PRIMECAP Core Fund3.67
VPMAXVanguard PRIMECAP Fund Admiral Shares3.43
POSKXPrimeCap Odyssey Stock Fund3.11
DHAMXCentre American Select Equity Fund3.08
GTLOXGlenmede Quantitative U.S. Large Cap Core Equity Portfolio3.05
QCELXAQR Large Cap Multi-Style Fund2.96
AMFEXAAMA Equity Fund2.95
IGIAXIntegrity ESG Growth & Income Fund2.94
RESGXGlenmede Responsible ESG U.S. Equity Portfolio2.90
STFGXState Farm Growth Fund2.84
SWPPXSchwab S&P 500 Index Fund2.25

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SWPPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SWPPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SWPPX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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