IVOO vs. SWMCX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 ETF (IVOO) and Schwab U.S. Mid-Cap Index Fund (SWMCX).
IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010. SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVOO or SWMCX.
Key characteristics
| IVOO | SWMCX | |
|---|---|---|
| YTD Return | 5.15% | 4.52% |
| 1Y Return | 18.82% | 18.36% |
| 3Y Return (Ann) | 3.80% | 2.99% |
| 5Y Return (Ann) | 10.06% | 9.65% |
| Sharpe Ratio | 1.25 | 1.39 |
| Daily Std Dev | 16.00% | 14.06% |
| Max Drawdown | -42.33% | -40.34% |
| Current Drawdown | -4.29% | -3.76% |
Correlation
The correlation between IVOO and SWMCX is 0.96, 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.
Performance
IVOO vs. SWMCX - Performance Comparison
In the year-to-date period, IVOO achieves a 5.15% return, which is significantly higher than SWMCX's 4.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVOO vs. SWMCX - Expense Ratio Comparison
IVOO has a 0.10% expense ratio, which is higher than SWMCX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IVOO vs. SWMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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
IVOO vs. SWMCX - Dividend Comparison
IVOO's dividend yield for the trailing twelve months is around 1.22%, less than SWMCX's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.22% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.42% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IVOO vs. SWMCX - Drawdown Comparison
The maximum IVOO drawdown since its inception was -42.33%, roughly equal to the maximum SWMCX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for IVOO and SWMCX. For additional features, visit the drawdowns tool.
Volatility
IVOO vs. SWMCX - Volatility Comparison
Vanguard S&P Mid-Cap 400 ETF (IVOO) has a higher volatility of 4.12% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 3.78%. This indicates that IVOO's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.