KESGX vs. SWMCX

Last updated Jun 6, 2026

KESGX (Kennedy Capital ESG SMID Cap Fund) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, KESGX returned 7.35%/yr vs 8.24%/yr for SWMCX. With a 0.96 correlation, they move nearly in lockstep. KESGX charges 0.82%/yr vs 0.04%/yr for SWMCX.

Performance

KESGX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kennedy Capital ESG SMID Cap Fund (KESGX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KESGX achieves a 15.32% return, which is significantly higher than SWMCX's 13.00% return.

KESGX

• 1D: 1.00%
• 1M: 3.06%
• YTD: 15.32%
• 6M: 14.40%
• 1Y: 27.32%
• 3Y*: 16.98%
• 5Y*: 7.35%
• 10Y*: —

SWMCX

• 1D: 0.49%
• 1M: 3.44%
• YTD: 13.00%
• 6M: 12.38%
• 1Y: 21.74%
• 3Y*: 17.70%
• 5Y*: 8.24%
• 10Y*: —

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

KESGX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KESGX Kennedy Capital ESG SMID Cap Fund	15.32%	9.58%	9.35%	16.57%	-17.82%	25.38%	20.98%	9.16%
SWMCX Schwab U.S. Mid-Cap Index Fund	13.00%	10.54%	15.28%	17.20%	-17.31%	22.55%	17.03%	6.58%

Correlation

The correlation between KESGX and SWMCX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019	0.96

The correlation between KESGX and SWMCX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

KESGX vs. SWMCX — Risk / Return Rank

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

KESGX

KESGX Risk / Return Rank: 39
KESGX Sharpe Ratio Rank: 35
KESGX Sortino Ratio Rank: 38
KESGX Omega Ratio Rank: 33
KESGX Calmar Ratio Rank: 44
KESGX Martin Ratio Rank: 45

SWMCX

SWMCX Risk / Return Rank: 44
SWMCX Sharpe Ratio Rank: 38
SWMCX Sortino Ratio Rank: 37
SWMCX Omega Ratio Rank: 34
SWMCX Calmar Ratio Rank: 57
SWMCX Martin Ratio Rank: 55

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.

KESGX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kennedy Capital ESG SMID Cap Fund (KESGX) 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.

	KESGX	SWMCX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.70	-0.05
Sortino ratio: Return per unit of downside risk	2.48	2.44	+0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.45	2.79	-0.34
Martin ratio: Return relative to average drawdown	9.07	10.72	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KESGX vs. SWMCX - Sharpe Ratio Comparison

The current KESGX Sharpe Ratio is 1.65, which is comparable to the SWMCX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of KESGX and SWMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KESGX	SWMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.70	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.45	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.53	-0.01

Drawdowns

KESGX vs. SWMCX - Drawdown Comparison

The maximum KESGX drawdown since its inception was -41.09%, roughly equal to the maximum SWMCX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for KESGX and SWMCX.

Drawdown Indicators

	KESGX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	-41.09%	-40.34%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-8.15%	-3.59%
Max Drawdown (3Y) Largest decline over 3 years	-22.94%	-21.07%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-25.14%	-26.09%	+0.95%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.99%	-6.63%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.12%	+1.03%

Volatility

KESGX vs. SWMCX - Volatility Comparison

Kennedy Capital ESG SMID Cap Fund (KESGX) has a higher volatility of 4.62% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 3.18%. This indicates that KESGX'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.

Volatility by Period

	KESGX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	3.18%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	9.94%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	13.40%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	18.25%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	20.63%	+2.93%

KESGX vs. SWMCX - Expense Ratio Comparison

KESGX has a 0.82% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

KESGX vs. SWMCX - Dividend Comparison

KESGX's dividend yield for the trailing twelve months is around 4.53%, more than SWMCX's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KESGX Kennedy Capital ESG SMID Cap Fund	4.53%	5.23%	0.19%	0.29%	0.46%	6.65%	0.21%	0.21%	0.00%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.88%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%

Frequently Asked Questions

Can I hold both KESGX and SWMCX in my portfolio?

With a correlation of 0.92, KESGX and SWMCX 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, KESGX or SWMCX?

KESGX has higher volatility (4.62%) compared to SWMCX (3.18%). In terms of maximum drawdown, KESGX dropped -41.09% vs SWMCX's -40.34%.

Which has better risk-adjusted returns?

SWMCX currently has the higher Sharpe Ratio (1.70 vs 1.65), 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.