BOPIX vs. SWPPX

Last updated Jun 4, 2026

BOPIX (Sterling Capital Special Opportunities Fund) and SWPPX (Schwab S&P 500 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, BOPIX returned 13.50%/yr vs 15.63%/yr for SWPPX. Their correlation of 0.91 suggests significant overlap in exposure. BOPIX charges 0.87%/yr vs 0.02%/yr for SWPPX.

Performance

BOPIX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Special Opportunities Fund (BOPIX) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOPIX achieves a 12.93% return, which is significantly higher than SWPPX's 11.69% return. Over the past 10 years, BOPIX has underperformed SWPPX with an annualized return of 13.50%, while SWPPX has yielded a comparatively higher 15.63% annualized return.

BOPIX

• 1D: 1.05%
• 1M: 8.46%
• YTD: 12.93%
• 6M: 12.50%
• 1Y: 31.69%
• 3Y*: 20.79%
• 5Y*: 11.42%
• 10Y*: 13.50%

SWPPX

• 1D: 0.15%
• 1M: 5.83%
• YTD: 11.69%
• 6M: 11.71%
• 1Y: 28.97%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.63%

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

BOPIX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOPIX Sterling Capital Special Opportunities Fund	12.93%	13.38%	21.00%	25.16%	-20.04%	27.75%	13.46%	35.34%	-4.54%	19.63%
SWPPX Schwab S&P 500 Index Fund	11.69%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between BOPIX and SWPPX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 2, 2003	0.91

The correlation between BOPIX and SWPPX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

BOPIX vs. SWPPX — Risk / Return Rank

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

BOPIX

BOPIX Risk / Return Rank: 46
BOPIX Sharpe Ratio Rank: 60
BOPIX Sortino Ratio Rank: 53
BOPIX Omega Ratio Rank: 50
BOPIX Calmar Ratio Rank: 34
BOPIX Martin Ratio Rank: 34

SWPPX

SWPPX Risk / Return Rank: 73
SWPPX Sharpe Ratio Rank: 75
SWPPX Sortino Ratio Rank: 67
SWPPX Omega Ratio Rank: 67
SWPPX Calmar Ratio Rank: 74
SWPPX Martin Ratio Rank: 83

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.

BOPIX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Special Opportunities Fund (BOPIX) and Schwab S&P 500 Index Fund (SWPPX). 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.

	BOPIX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.52	-0.24
Sortino ratio: Return per unit of downside risk	3.07	3.41	-0.34
Omega ratio: Gain probability vs. loss probability	1.39	1.46	-0.07
Calmar ratio: Return relative to maximum drawdown	2.20	3.36	-1.16
Martin ratio: Return relative to average drawdown	7.66	15.67	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOPIX vs. SWPPX - Sharpe Ratio Comparison

The current BOPIX Sharpe Ratio is 2.27, which is comparable to the SWPPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of BOPIX and SWPPX, 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

	BOPIX	SWPPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.52	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.85	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.86	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.51	+0.12

Drawdowns

BOPIX vs. SWPPX - Drawdown Comparison

The maximum BOPIX drawdown since its inception was -51.68%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for BOPIX and SWPPX.

Drawdown Indicators

	BOPIX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-51.68%	-55.06%	+3.38%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-8.89%	-6.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-18.74%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-24.51%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	-33.80%	-4.96%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.08%	-9.95%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	1.90%	+2.38%

Volatility

BOPIX vs. SWPPX - Volatility Comparison

Sterling Capital Special Opportunities Fund (BOPIX) has a higher volatility of 3.44% compared to Schwab S&P 500 Index Fund (SWPPX) at 2.83%. This indicates that BOPIX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOPIX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	2.83%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	8.98%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	11.87%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	16.93%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	18.23%	+1.11%

BOPIX vs. SWPPX - Expense Ratio Comparison

BOPIX has a 0.87% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

BOPIX vs. SWPPX - Dividend Comparison

BOPIX's dividend yield for the trailing twelve months is around 16.71%, more than SWPPX's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOPIX Sterling Capital Special Opportunities Fund	16.71%	18.87%	16.95%	17.90%	7.84%	12.03%	1.24%	10.09%	9.17%	7.89%	1.88%	15.18%
SWPPX Schwab S&P 500 Index Fund	0.99%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%

Frequently Asked Questions

Can I hold both BOPIX and SWPPX in my portfolio?

BOPIX and SWPPX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOPIX or SWPPX?

BOPIX has higher volatility (3.44%) compared to SWPPX (2.83%). In terms of maximum drawdown, BOPIX dropped -51.68% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.52 vs 2.27), 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.