MOWIX vs. SWPPX

Last updated Jun 23, 2026

MOWIX (Moerus Worldwide Value Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - MOWIX is a Foreign Small & Mid Cap Equities fund managed by MOERUS FUNDS, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 5 years, MOWIX returned 18.96%/yr vs 13.58%/yr for SWPPX. A 0.58 correlation means they provide meaningful diversification when combined. MOWIX charges 1.40%/yr vs 0.02%/yr for SWPPX.

Performance

MOWIX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moerus Worldwide Value Fund (MOWIX) 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, MOWIX achieves a 6.97% return, which is significantly lower than SWPPX's 9.75% return.

MOWIX

• 1D: -0.58%
• 1M: -2.00%
• YTD: 6.97%
• 6M: 6.87%
• 1Y: 28.60%
• 3Y*: 25.33%
• 5Y*: 18.96%
• 10Y*: —

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)

MOWIX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOWIX Moerus Worldwide Value Fund	6.97%	40.23%	15.96%	24.97%	6.40%	18.28%	-10.06%	15.29%	-19.47%	18.59%
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 MOWIX and SWPPX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.58

The correlation between MOWIX and SWPPX has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

MOWIX vs. SWPPX — Risk / Return Rank

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

MOWIX

MOWIX Risk / Return Rank: 40
MOWIX Sharpe Ratio Rank: 41
MOWIX Sortino Ratio Rank: 37
MOWIX Omega Ratio Rank: 38
MOWIX Calmar Ratio Rank: 49
MOWIX Martin Ratio Rank: 36

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.

MOWIX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moerus Worldwide Value Fund (MOWIX) 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.

	MOWIX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.14	-0.41
Sortino ratio: Return per unit of downside risk	2.34	2.89	-0.55
Omega ratio: Gain probability vs. loss probability	1.30	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	2.56	3.02	-0.46
Martin ratio: Return relative to average drawdown	7.50	13.59	-6.08

MOWIX vs. SWPPX - Sharpe Ratio Comparison

The current MOWIX Sharpe Ratio is 1.73, which is comparable to the SWPPX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of MOWIX 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

MOWIX vs. SWPPX - Drawdown Comparison

The maximum MOWIX drawdown since its inception was -53.13%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for MOWIX and SWPPX.

Drawdown Indicators

	MOWIX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-53.13%	-55.06%	+1.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-8.89%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.54%	-18.74%	+4.20%
Max Drawdown (5Y) Largest decline over 5 years	-22.11%	-24.51%	+2.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.80%	—
Current Drawdown Current decline from peak	-7.18%	-1.74%	-5.44%
Average Drawdown Average peak-to-trough decline	-10.38%	-9.93%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	1.97%	+1.67%

Volatility

MOWIX vs. SWPPX - Volatility Comparison

Moerus Worldwide Value Fund (MOWIX) and Schwab S&P 500 Index Fund (SWPPX) have volatilities of 4.90% and 4.73%, 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

	MOWIX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	4.73%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	9.87%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	12.53%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	17.02%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	18.27%	-1.09%

MOWIX vs. SWPPX - Expense Ratio Comparison

MOWIX has a 1.40% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

MOWIX vs. SWPPX - Dividend Comparison

MOWIX's dividend yield for the trailing twelve months is around 9.74%, more than SWPPX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOWIX Moerus Worldwide Value Fund	9.74%	10.42%	4.65%	4.98%	0.55%	5.32%	0.72%	1.32%	1.93%	0.86%	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 MOWIX and SWPPX in my portfolio?

MOWIX and SWPPX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOWIX or SWPPX?

MOWIX has higher volatility (4.90%) compared to SWPPX (4.73%). In terms of maximum drawdown, MOWIX dropped -53.13% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.14 vs 1.73), 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.