IAT vs. SWPPX
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and Schwab S&P 500 Index Fund (SWPPX).
IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAT or SWPPX.
Performance
IAT vs. SWPPX - Performance Comparison
Returns By Period
In the year-to-date period, IAT achieves a 34.71% return, which is significantly higher than SWPPX's 26.21% return. Over the past 10 years, IAT has underperformed SWPPX with an annualized return of 7.51%, while SWPPX has yielded a comparatively higher 13.15% annualized return.
IAT
34.71%
11.14%
34.86%
59.59%
5.42%
7.51%
SWPPX
26.21%
1.78%
13.65%
32.35%
15.69%
13.15%
Key characteristics
| IAT | SWPPX | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.67 |
| Sortino Ratio | 3.30 | 3.56 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 1.31 | 3.89 |
| Martin Ratio | 13.84 | 17.43 |
| Ulcer Index | 4.30% | 1.89% |
| Daily Std Dev | 26.24% | 12.31% |
| Max Drawdown | -77.23% | -55.06% |
| Current Drawdown | -12.79% | -0.82% |
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IAT vs. SWPPX - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Correlation
The correlation between IAT and SWPPX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IAT vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.
Dividends
IAT vs. SWPPX - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.86%, more than SWPPX's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.86% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
IAT vs. SWPPX - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for IAT and SWPPX. For additional features, visit the drawdowns tool.
Volatility
IAT vs. SWPPX - Volatility Comparison
iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 12.24% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.96%. This indicates that IAT'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.