LMASX vs. SWSSX
Compare and contrast key facts about ClearBridge Small Cap Fund (LMASX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
LMASX is managed by Legg Mason. It was launched on Dec 30, 1985. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
LMASX vs. SWSSX - Performance Comparison
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LMASX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMASX ClearBridge Small Cap Fund | 0.79% | 5.38% | 6.61% | 16.09% | -21.19% | 17.67% | 2.44% | 29.75% | -9.81% | 10.94% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 0.90% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, LMASX achieves a 0.79% return, which is significantly lower than SWSSX's 0.90% return. Over the past 10 years, LMASX has underperformed SWSSX with an annualized return of 7.35%, while SWSSX has yielded a comparatively higher 9.87% annualized return.
LMASX
- 1D
- 2.93%
- 1M
- -5.39%
- YTD
- 0.79%
- 6M
- 1.87%
- 1Y
- 13.99%
- 3Y*
- 8.62%
- 5Y*
- 1.29%
- 10Y*
- 7.35%
SWSSX
- 1D
- 3.48%
- 1M
- -5.84%
- YTD
- 0.90%
- 6M
- 2.87%
- 1Y
- 25.74%
- 3Y*
- 13.11%
- 5Y*
- 3.50%
- 10Y*
- 9.87%
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LMASX vs. SWSSX - Expense Ratio Comparison
LMASX has a 1.85% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
LMASX vs. SWSSX — Risk / Return Rank
LMASX
SWSSX
LMASX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Small Cap Fund (LMASX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.
| LMASX | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.11 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.66 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.81 | -0.74 |
Martin ratioReturn relative to average drawdown | 3.92 | 6.78 | -2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LMASX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.11 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.16 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.41 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.34 | +0.10 |
Correlation
The correlation between LMASX and SWSSX is 0.91, 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.
Dividends
LMASX vs. SWSSX - Dividend Comparison
LMASX's dividend yield for the trailing twelve months is around 11.77%, more than SWSSX's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMASX ClearBridge Small Cap Fund | 11.77% | 11.86% | 6.98% | 1.81% | 0.00% | 18.14% | 0.05% | 4.15% | 13.81% | 6.78% | 3.35% | 5.67% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.28% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
LMASX vs. SWSSX - Drawdown Comparison
The maximum LMASX drawdown since its inception was -69.22%, which is greater than SWSSX's maximum drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for LMASX and SWSSX.
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Drawdown Indicators
| LMASX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.22% | -60.34% | -8.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | -13.90% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -31.93% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -47.13% | -41.81% | -5.32% |
Current DrawdownCurrent decline from peak | -6.79% | -7.91% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -10.78% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.71% | +0.30% |
Volatility
LMASX vs. SWSSX - Volatility Comparison
The current volatility for ClearBridge Small Cap Fund (LMASX) is 6.17%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 7.53%. This indicates that LMASX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMASX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 7.53% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 14.53% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 23.31% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 22.62% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 24.05% | -1.50% |