MSCGX vs. SWSSX
Compare and contrast key facts about Mercer US Small/Mid Cap Equity Fund (MSCGX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
MSCGX is managed by Mercer Funds. It was launched on Aug 15, 2005. 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
MSCGX vs. SWSSX - Performance Comparison
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MSCGX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | -1.53% | 6.52% | 13.39% | 15.35% | -16.91% | 24.32% | 12.40% | 5.34% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 6.46% |
Returns By Period
In the year-to-date period, MSCGX achieves a -1.53% return, which is significantly higher than SWSSX's -2.49% return.
MSCGX
- 1D
- -0.91%
- 1M
- -8.00%
- YTD
- -1.53%
- 6M
- 0.24%
- 1Y
- 12.30%
- 3Y*
- 9.83%
- 5Y*
- 4.94%
- 10Y*
- —
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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MSCGX vs. SWSSX - Expense Ratio Comparison
MSCGX has a 0.48% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
MSCGX vs. SWSSX — Risk / Return Rank
MSCGX
SWSSX
MSCGX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer US Small/Mid Cap Equity Fund (MSCGX) 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.
| MSCGX | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.91 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.40 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.33 | -1.29 |
Martin ratioReturn relative to average drawdown | 0.12 | 5.02 | -4.90 |
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
| MSCGX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.91 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.14 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.33 | -0.01 |
Correlation
The correlation between MSCGX and SWSSX is 0.89, 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
MSCGX vs. SWSSX - Dividend Comparison
MSCGX's dividend yield for the trailing twelve months is around 7.83%, more than SWSSX's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | 7.83% | 7.71% | 10.73% | 3.77% | 8.42% | 20.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
MSCGX vs. SWSSX - Drawdown Comparison
The maximum MSCGX drawdown since its inception was -41.30%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for MSCGX and SWSSX.
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Drawdown Indicators
| MSCGX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.30% | -60.34% | +19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -13.90% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.66% | -31.93% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -9.22% | -11.00% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -10.78% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 3.68% | +2.58% |
Volatility
MSCGX vs. SWSSX - Volatility Comparison
The current volatility for Mercer US Small/Mid Cap Equity Fund (MSCGX) is 5.51%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that MSCGX 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
| MSCGX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 6.59% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 14.12% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 23.11% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 22.57% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.68% | 24.03% | +1.65% |