BWNYX vs. SWMCX

Last updated Jun 26, 2026

BWNYX (Bullfinch Greater Western New York Series) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, BWNYX returned 6.48%/yr vs 8.00%/yr for SWMCX. Their correlation of 0.80 suggests significant overlap in exposure. BWNYX charges 1.52%/yr vs 0.04%/yr for SWMCX.

Performance

BWNYX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bullfinch Greater Western New York Series (BWNYX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWNYX achieves a 16.21% return, which is significantly higher than SWMCX's 13.34% return.

BWNYX

• 1D: 0.66%
• 1M: 3.08%
• YTD: 16.21%
• 6M: -1.33%
• 1Y: 16.66%
• 3Y*: 12.36%
• 5Y*: 6.48%
• 10Y*: 6.24%

SWMCX

• 1D: 0.62%
• 1M: 1.81%
• YTD: 13.34%
• 6M: 11.56%
• 1Y: 21.46%
• 3Y*: 17.29%
• 5Y*: 8.00%
• 10Y*: —

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

BWNYX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWNYX Bullfinch Greater Western New York Series	16.21%	7.26%	8.05%	10.48%	-6.99%	13.00%	1.48%	18.83%	-8.10%	-4.44%
SWMCX Schwab U.S. Mid-Cap Index Fund	13.34%	10.54%	15.28%	17.20%	-17.31%	22.55%	17.03%	30.46%	-9.16%	0.40%

Correlation

The correlation between BWNYX and SWMCX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.80

The correlation between BWNYX and SWMCX has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

Return for Risk

BWNYX vs. SWMCX — Risk / Return Rank

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

BWNYX

BWNYX Risk / Return Rank: 16
BWNYX Sharpe Ratio Rank: 15
BWNYX Sortino Ratio Rank: 12
BWNYX Omega Ratio Rank: 24
BWNYX Calmar Ratio Rank: 17
BWNYX Martin Ratio Rank: 13

SWMCX

SWMCX Risk / Return Rank: 44
SWMCX Sharpe Ratio Rank: 37
SWMCX Sortino Ratio Rank: 37
SWMCX Omega Ratio Rank: 34
SWMCX Calmar Ratio Rank: 56
SWMCX Martin Ratio Rank: 55

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.

BWNYX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bullfinch Greater Western New York Series (BWNYX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

	BWNYX	SWMCX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.49	-0.65
Sortino ratio: Return per unit of downside risk	1.08	2.14	-1.06
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.15	2.52	-1.37
Martin ratio: Return relative to average drawdown	2.90	9.61	-6.71

BWNYX vs. SWMCX - Sharpe Ratio Comparison

The current BWNYX Sharpe Ratio is 0.83, which is lower than the SWMCX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BWNYX and SWMCX, 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

BWNYX vs. SWMCX - Drawdown Comparison

The maximum BWNYX drawdown since its inception was -51.03%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for BWNYX and SWMCX.

Drawdown Indicators

	BWNYX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	-51.03%	-40.34%	-10.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.09%	-8.15%	-6.94%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-21.07%	+3.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-26.09%	+8.05%
Max Drawdown (10Y) Largest decline over 10 years	-31.18%	—	—
Current Drawdown Current decline from peak	-1.33%	-0.79%	-0.54%
Average Drawdown Average peak-to-trough decline	-7.58%	-6.59%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	2.13%	+3.57%

Volatility

BWNYX vs. SWMCX - Volatility Comparison

Bullfinch Greater Western New York Series (BWNYX) has a higher volatility of 4.85% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 4.59%. This indicates that BWNYX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWNYX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.59%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	10.55%	+7.94%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	13.87%	+7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	18.32%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	20.61%	-4.40%

BWNYX vs. SWMCX - Expense Ratio Comparison

BWNYX has a 1.52% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

BWNYX vs. SWMCX - Dividend Comparison

BWNYX has not paid dividends to shareholders, while SWMCX's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWNYX Bullfinch Greater Western New York Series	0.00%	0.00%	0.00%	0.66%	1.87%	2.58%	5.75%	0.11%	0.16%	0.27%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.88%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%	0.00%

Frequently Asked Questions

Can I hold both BWNYX and SWMCX in my portfolio?

BWNYX and SWMCX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWNYX or SWMCX?

BWNYX has higher volatility (4.85%) compared to SWMCX (4.59%). In terms of maximum drawdown, BWNYX dropped -51.03% vs SWMCX's -40.34%.

Which has better risk-adjusted returns?

SWMCX currently has the higher Sharpe Ratio (1.49 vs 0.83), 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.