ITOT vs. SWTSX

Last updated Jun 25, 2026

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and SWTSX (Schwab Total Stock Market Index Fund) are both Large Cap Blend Equities funds - ITOT tracks the S&P Total Market Index while SWTSX tracks the Dow Jones U.S. Total Stock Market Index. Both are passively managed. Over the past 10 years, ITOT returned 15.10%/yr vs 15.09%/yr for SWTSX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

ITOT vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ITOT having a 8.86% return and SWTSX slightly higher at 8.91%. Both investments have delivered pretty close results over the past 10 years, with ITOT having a 15.10% annualized return and SWTSX not far behind at 15.09%.

ITOT

• 1D: -0.07%
• 1M: -0.87%
• YTD: 8.86%
• 6M: 7.40%
• 1Y: 22.71%
• 3Y*: 20.64%
• 5Y*: 11.83%
• 10Y*: 15.10%

SWTSX

• 1D: -1.33%
• 1M: -0.78%
• YTD: 8.91%
• 6M: 7.47%
• 1Y: 22.78%
• 3Y*: 20.65%
• 5Y*: 11.91%
• 10Y*: 15.09%

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

ITOT vs. SWTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITOT iShares Core S&P Total U.S. Stock Market ETF	8.86%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%
SWTSX Schwab Total Stock Market Index Fund	8.91%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between ITOT and SWTSX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 23, 2004	0.99

The correlation between ITOT and SWTSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

ITOT vs. SWTSX - Sectors Allocation Comparison

Sectors	ITOT	SWTSX
Technology	37.2%	37.2%
Financial Services	11.4%	11.4%
Consumer Cyclical	9.8%	9.8%
Communication Services	9.8%	9.8%
Industrials	9.1%	9.1%
Healthcare	8.8%	8.8%
Consumer Defensive	4.3%	4.3%
Energy	3.3%	3.3%
Real Estate	2.3%	2.3%
Utilities	2.1%	2.1%
Basic Materials	2.0%	2.0%

Return for Risk

ITOT vs. SWTSX — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 60
ITOT Sharpe Ratio Rank: 59
ITOT Sortino Ratio Rank: 57
ITOT Omega Ratio Rank: 58
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 69

SWTSX

SWTSX Risk / Return Rank: 52
SWTSX Sharpe Ratio Rank: 48
SWTSX Sortino Ratio Rank: 44
SWTSX Omega Ratio Rank: 45
SWTSX Calmar Ratio Rank: 56
SWTSX Martin Ratio Rank: 67

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.

ITOT vs. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Schwab Total Stock Market Index Fund (SWTSX). 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.

	ITOT	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.88	-0.10
Sortino ratio: Return per unit of downside risk	2.45	2.57	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.56	2.74	-0.17
Martin ratio: Return relative to average drawdown	11.32	12.13	-0.81

ITOT vs. SWTSX - Sharpe Ratio Comparison

The current ITOT Sharpe Ratio is 1.79, which is comparable to the SWTSX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of ITOT and SWTSX, 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

ITOT vs. SWTSX - Drawdown Comparison

The maximum ITOT drawdown since its inception was -55.20%, roughly equal to the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for ITOT and SWTSX.

Drawdown Indicators

	ITOT	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-54.60%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.88%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-19.43%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-25.40%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-35.01%	+0.01%
Current Drawdown Current decline from peak	-2.86%	-2.78%	-0.08%
Average Drawdown Average peak-to-trough decline	-6.96%	-10.55%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.00%	+0.01%

Volatility

ITOT vs. SWTSX - Volatility Comparison

iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Schwab Total Stock Market Index Fund (SWTSX) have volatilities of 4.93% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITOT	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.95%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	10.14%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	12.94%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	17.54%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	18.62%	-0.34%

ITOT vs. SWTSX - Expense Ratio Comparison

Both ITOT and SWTSX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ITOT vs. SWTSX - Dividend Comparison

ITOT's dividend yield for the trailing twelve months is around 1.02%, which matches SWTSX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.02%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
SWTSX Schwab Total Stock Market Index Fund	1.01%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both ITOT and SWTSX in my portfolio?

With a correlation of 1.00, ITOT and SWTSX 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, ITOT or SWTSX?

SWTSX has higher volatility (4.95%) compared to ITOT (4.93%). In terms of maximum drawdown, ITOT dropped -55.20% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

SWTSX currently has the higher Sharpe Ratio (1.88 vs 1.79), 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.