- ISIN
- US8085098486
- CUSIP
- 808509848
- Issuer
- Charles Schwab
- Inception Date
- May 19, 1997
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Index Tracked
- Russell 2000 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $8B
Share Price Chart
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Performance
SWSSX Performance Chart
Schwab Small-Cap Index Fund-Select Shares (SWSSX) is up 20.6% since the beginning of the year. SWSSX is currently trading at $48 per share. Investors who bought $1,000 worth of SWSSX shares 5 years ago would now be looking at an investment worth $1,368.
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Returns By Period
Schwab Small-Cap Index Fund-Select Shares (SWSSX) has returned 20.57% so far this year and 39.46% over the past 12 months. Over the last ten years, SWSSX has returned 11.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
Schwab Small-Cap Index Fund-Select Shares
- 1D
- -0.95%
- 1M
- 3.83%
- YTD
- 20.57%
- 6M
- 17.50%
- 1Y
- 39.46%
- 3Y*
- 19.47%
- 5Y*
- 6.47%
- 10Y*
- 11.72%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
SWSSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, SWSSX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +19.6%, while the worst month was Mar 2020 at -21.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SWSSX closed higher 52% of trading days. The best single day was Dec 21, 2018 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.35% | 0.81% | -4.99% | 12.20% | 4.39% | 2.02% | 20.57% | ||||||
| 2025 | 2.63% | -5.32% | -6.80% | -2.32% | 5.35% | 5.44% | 1.74% | 7.14% | 3.14% | 1.80% | 0.97% | -0.59% | 12.88% |
| 2024 | -3.88% | 5.66% | 3.57% | -7.05% | 5.03% | -0.93% | 10.19% | -1.51% | 0.72% | -1.47% | 11.00% | -8.29% | 11.57% |
| 2023 | 9.78% | -1.68% | -4.76% | -1.79% | -0.91% | 8.11% | 6.13% | -5.00% | -5.88% | -6.80% | 9.04% | 12.26% | 17.07% |
| 2022 | -9.63% | 1.08% | 1.25% | -9.90% | 0.13% | -8.24% | 10.47% | -2.04% | -9.58% | 11.00% | 2.34% | -6.51% | -20.43% |
| 2021 | 5.04% | 6.22% | 1.00% | 2.08% | 0.20% | 1.93% | -3.59% | 2.23% | -2.94% | 4.25% | -4.18% | 2.21% | 14.77% |
Benchmark Metrics
Schwab Small-Cap Index Fund-Select Shares has an annualized alpha of 1.44%, beta of 1.08, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 120.30% of S&P 500 Index gains and 112.28% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.08 and R2 of 0.76, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.44%
- Beta
- 1.08
- R²
- 0.76
- Upside Capture
- 120.30%
- Downside Capture
- 112.28%
Expense Ratio
SWSSX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
SWSSX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab Small-Cap Index Fund-Select Shares (SWSSX) and compare them to S&P 500 Index.
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.
| SWSSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.29 | +1.48 |
| Martin ratioReturn relative to average drawdown | 13.35 | 10.15 | +3.21 |
Dividends
Dividend History
Schwab Small-Cap Index Fund-Select Shares provided a 1.07% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.59 | $0.49 | $0.37 | $3.19 | $0.87 | $1.78 | $2.57 | $1.60 | $1.15 | $1.67 |
Dividend yield | 1.07% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Small-Cap Index Fund-Select Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.19 | $3.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Small-Cap Index Fund-Select Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab Small-Cap Index Fund-Select Shares was 60.34%, occurring on Mar 9, 2009. Recovery took 451 trading sessions.
The current Schwab Small-Cap Index Fund-Select Shares drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.34%Mar 2009 | 1y 7mo | 1y 9mo | 3y 5moJul 2007 - Dec 2010 |
COVID crash2020 | -41.81%Mar 2020 | 1y 6mo | 7mo 26d | 2y 2moSep 2018 - Nov 2020 |
Dot-com crash2000–2002 | -39.41%Oct 2002 | 2y 7mo | 1y 1mo | 3y 8moMar 2000 - Dec 2003 |
1998 bear market1998 | -37.79%Oct 1998 | 5mo 19d | 1y 1mo | 1y 7moApr 1998 - Dec 1999 |
Bear market2022 | -31.93%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
Drawdown Indicators
| SWSSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -56.78% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -9.10% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -18.90% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -31.93% | -25.43% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -41.81% | -33.92% | -7.89% |
Current DrawdownCurrent decline from peak | -0.95% | -3.31% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -10.71% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.05% | +1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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