DSM vs. SWSSX
Compare and contrast key facts about Dimensional Small Cap Equity Fund (DSM) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
DSM is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
DSM vs. SWSSX - Performance Comparison
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DSM vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSM Dimensional Small Cap Equity Fund | -1.73% | 10.90% | 5.52% | 3.18% | -27.04% | 10.89% | 3.32% | 20.57% | -13.60% | 12.79% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 0.90% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, DSM achieves a -1.73% return, which is significantly lower than SWSSX's 0.90% return. Over the past 10 years, DSM has underperformed SWSSX with an annualized return of 1.36%, while SWSSX has yielded a comparatively higher 9.87% annualized return.
DSM
- 1D
- -0.33%
- 1M
- -2.81%
- YTD
- -1.73%
- 6M
- 2.39%
- 1Y
- 7.24%
- 3Y*
- 4.11%
- 5Y*
- -1.14%
- 10Y*
- 1.36%
SWSSX
- 1D
- 3.48%
- 1M
- -5.84%
- YTD
- 0.90%
- 6M
- 2.87%
- 1Y
- 25.74%
- 3Y*
- 13.11%
- 5Y*
- 3.50%
- 10Y*
- 9.87%
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DSM vs. SWSSX - Expense Ratio Comparison
DSM has a 0.03% expense ratio, which is lower than SWSSX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DSM vs. SWSSX — Risk / Return Rank
DSM
SWSSX
DSM vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Small Cap Equity Fund (DSM) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.
| DSM | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.11 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.66 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.81 | -0.77 |
Martin ratioReturn relative to average drawdown | 2.91 | 6.78 | -3.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DSM | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.11 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.16 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.41 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.34 | -0.03 |
Correlation
The correlation between DSM and SWSSX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DSM vs. SWSSX - Dividend Comparison
DSM's dividend yield for the trailing twelve months is around 4.54%, more than SWSSX's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSM Dimensional Small Cap Equity Fund | 4.54% | 4.07% | 3.72% | 4.27% | 5.95% | 4.31% | 4.57% | 5.19% | 6.11% | 5.82% | 6.19% | 6.17% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.28% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
DSM vs. SWSSX - Drawdown Comparison
The maximum DSM drawdown since its inception was -49.15%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for DSM and SWSSX.
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Drawdown Indicators
| DSM | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -60.34% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -13.90% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -31.93% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -41.81% | +3.06% |
Current DrawdownCurrent decline from peak | -14.20% | -7.91% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -10.78% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.71% | -0.71% |
Volatility
DSM vs. SWSSX - Volatility Comparison
The current volatility for Dimensional Small Cap Equity Fund (DSM) is 4.49%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 7.53%. This indicates that DSM experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSM | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 7.53% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 14.53% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 23.31% | -11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 22.62% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 24.05% | -10.60% |