IMSCX vs. SWPPX

Last updated Jun 24, 2026

IMSCX (IMS Capital Value Fund) and SWPPX (Schwab S&P 500 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, IMSCX returned 11.95%/yr vs 15.77%/yr for SWPPX. Their correlation of 0.89 suggests significant overlap in exposure. IMSCX charges 1.82%/yr vs 0.02%/yr for SWPPX.

Performance

IMSCX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IMS Capital Value Fund (IMSCX) 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, IMSCX achieves a 11.04% return, which is significantly higher than SWPPX's 9.75% return. Over the past 10 years, IMSCX has underperformed SWPPX with an annualized return of 11.95%, while SWPPX has yielded a comparatively higher 15.77% annualized return.

IMSCX

• 1D: -1.10%
• 1M: 1.66%
• YTD: 11.04%
• 6M: 9.90%
• 1Y: 27.90%
• 3Y*: 22.93%
• 5Y*: 10.13%
• 10Y*: 11.95%

SWPPX

• 1D: -0.36%
• 1M: 0.10%
• YTD: 9.75%
• 6M: 8.76%
• 1Y: 25.48%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

IMSCX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMSCX IMS Capital Value Fund	11.04%	16.99%	21.40%	47.43%	-30.11%	12.87%	13.86%	39.69%	-12.02%	11.89%
SWPPX Schwab S&P 500 Index Fund	9.75%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between IMSCX and SWPPX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
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 May 20, 1997	0.89

The correlation between IMSCX and SWPPX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

IMSCX vs. SWPPX — Risk / Return Rank

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

IMSCX

IMSCX Risk / Return Rank: 43
IMSCX Sharpe Ratio Rank: 42
IMSCX Sortino Ratio Rank: 38
IMSCX Omega Ratio Rank: 40
IMSCX Calmar Ratio Rank: 46
IMSCX Martin Ratio Rank: 49

SWPPX

SWPPX Risk / Return Rank: 65
SWPPX Sharpe Ratio Rank: 63
SWPPX Sortino Ratio Rank: 56
SWPPX Omega Ratio Rank: 59
SWPPX Calmar Ratio Rank: 68
SWPPX Martin Ratio Rank: 78

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.

IMSCX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IMS Capital Value Fund (IMSCX) 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.

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.

	IMSCX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.14	-0.39
Sortino ratio: Return per unit of downside risk	2.37	2.89	-0.52
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.48	3.02	-0.53
Martin ratio: Return relative to average drawdown	9.57	13.59	-4.01

IMSCX vs. SWPPX - Sharpe Ratio Comparison

The current IMSCX Sharpe Ratio is 1.76, which is comparable to the SWPPX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of IMSCX 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.

Drawdowns

IMSCX vs. SWPPX - Drawdown Comparison

The maximum IMSCX drawdown since its inception was -56.63%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for IMSCX and SWPPX.

Drawdown Indicators

	IMSCX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.63%	-55.06%	-1.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-8.89%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.80%	-18.74%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-40.18%	-24.51%	-15.67%
Max Drawdown (10Y) Largest decline over 10 years	-40.18%	-33.80%	-6.38%
Current Drawdown Current decline from peak	-1.10%	-1.74%	+0.64%
Average Drawdown Average peak-to-trough decline	-10.15%	-9.93%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	1.97%	+1.11%

Volatility

IMSCX vs. SWPPX - Volatility Comparison

IMS Capital Value Fund (IMSCX) has a higher volatility of 5.89% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.73%. This indicates that IMSCX'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

	IMSCX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	4.73%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	9.87%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	12.53%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	17.02%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	18.27%	+1.42%

IMSCX vs. SWPPX - Expense Ratio Comparison

IMSCX has a 1.82% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

IMSCX vs. SWPPX - Dividend Comparison

IMSCX's dividend yield for the trailing twelve months is around 3.20%, more than SWPPX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMSCX IMS Capital Value Fund	3.20%	3.55%	5.63%	0.00%	0.00%	4.09%	2.09%	10.15%	13.04%	2.08%	0.00%	0.00%
SWPPX Schwab S&P 500 Index Fund	1.01%	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 IMSCX and SWPPX in my portfolio?

With a correlation of 0.90, IMSCX and SWPPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IMSCX or SWPPX?

IMSCX has higher volatility (5.89%) compared to SWPPX (4.73%). In terms of maximum drawdown, IMSCX dropped -56.63% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.14 vs 1.76), 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.