FMIHX vs. SWPPX
Compare and contrast key facts about FMI Large Cap Fund (FMIHX) and Schwab S&P 500 Index Fund (SWPPX).
FMIHX is managed by FMI Funds. It was launched on Dec 31, 2001. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
FMIHX vs. SWPPX - Performance Comparison
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FMIHX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | -6.83% | 6.21% | 10.17% | 21.03% | -14.73% | 18.40% | 10.23% | 23.66% | -4.10% | 19.25% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FMIHX having a -6.83% return and SWPPX slightly lower at -7.07%. Over the past 10 years, FMIHX has underperformed SWPPX with an annualized return of 8.58%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
FMIHX
- 1D
- -0.16%
- 1M
- -10.26%
- YTD
- -6.83%
- 6M
- -7.05%
- 1Y
- -2.18%
- 3Y*
- 8.27%
- 5Y*
- 4.67%
- 10Y*
- 8.58%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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FMIHX vs. SWPPX - Expense Ratio Comparison
FMIHX has a 0.82% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
FMIHX vs. SWPPX — Risk / Return Rank
FMIHX
SWPPX
FMIHX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Large Cap Fund (FMIHX) 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.
| FMIHX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.84 | -0.93 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.30 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.24 | 1.06 | -1.30 |
Martin ratioReturn relative to average drawdown | -0.78 | 5.14 | -5.91 |
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
| FMIHX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.84 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.68 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.76 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.48 | 0.00 |
Correlation
The correlation between FMIHX and SWPPX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMIHX vs. SWPPX - Dividend Comparison
FMIHX's dividend yield for the trailing twelve months is around 17.00%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | 17.00% | 15.84% | 13.22% | 10.54% | 22.62% | 17.10% | 11.56% | 7.77% | 20.37% | 9.27% | 7.48% | 11.02% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
FMIHX vs. SWPPX - Drawdown Comparison
The maximum FMIHX drawdown since its inception was -47.80%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FMIHX and SWPPX.
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Drawdown Indicators
| FMIHX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.80% | -55.06% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -12.10% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -24.51% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.15% | -33.80% | -0.35% |
Current DrawdownCurrent decline from peak | -11.91% | -8.89% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -10.00% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.49% | +1.17% |
Volatility
FMIHX vs. SWPPX - Volatility Comparison
The current volatility for FMI Large Cap Fund (FMIHX) is 3.98%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that FMIHX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIHX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.29% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 9.11% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 18.14% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 16.89% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 18.19% | -0.62% |