NTSX vs. SWPPX

Last updated Jun 4, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and SWPPX (Schwab S&P 500 Index Fund) are both funds - NTSX is a Diversified Portfolio fund actively managed by WisdomTree, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. NTSX is actively managed, while SWPPX is passively managed. Over the past 5 years, NTSX returned 9.69%/yr vs 14.26%/yr for SWPPX. Their correlation of 0.92 suggests significant overlap in exposure. NTSX charges 0.20%/yr vs 0.02%/yr for SWPPX.

Performance

NTSX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) 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, NTSX achieves a 8.62% return, which is significantly lower than SWPPX's 11.69% return.

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

SWPPX

• 1D: 0.15%
• 1M: 5.83%
• YTD: 11.69%
• 6M: 11.71%
• 1Y: 28.97%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.63%

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

NTSX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%
SWPPX Schwab S&P 500 Index Fund	11.69%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-10.61%

Correlation

The correlation between NTSX and SWPPX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.92

The correlation between NTSX and SWPPX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

NTSX vs. SWPPX - Sectors Allocation Comparison

Sectors	NTSX	SWPPX
Technology	35.1%	35.6%
Communication Services	12.5%	11.2%
Financial Services	12.3%	11.8%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.5%
Industrials	7.7%	8.3%
Consumer Defensive	5.5%	4.9%
Energy	3.5%	3.5%
Utilities	2.1%	2.4%
Real Estate	1.5%	1.9%
Basic Materials	1.4%	1.8%

Return for Risk

NTSX vs. SWPPX — Risk / Return Rank

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

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

SWPPX

SWPPX Risk / Return Rank: 73
SWPPX Sharpe Ratio Rank: 75
SWPPX Sortino Ratio Rank: 67
SWPPX Omega Ratio Rank: 67
SWPPX Calmar Ratio Rank: 74
SWPPX Martin Ratio Rank: 83

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.

NTSX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	SWPPX	Difference
Sharpe ratio Return per unit of total volatility	2.06	2.52	-0.45
Sortino ratio Return per unit of downside risk	2.81	3.41	-0.60
Omega ratio Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio Return relative to maximum drawdown	2.77	3.36	-0.59
Martin ratio Return relative to average drawdown	12.25	15.67	-3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSX vs. SWPPX - Sharpe Ratio Comparison

The current NTSX Sharpe Ratio is 2.06, which is comparable to the SWPPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NTSX 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.

Sharpe Ratios by Period

	NTSX	SWPPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.52	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.85	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.51	+0.20

Drawdowns

NTSX vs. SWPPX - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NTSX and SWPPX.

Drawdown Indicators

	NTSX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-55.06%	+23.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-8.89%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-18.74%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-24.51%	-6.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.80%	—
Current Drawdown Current decline from peak	-1.05%	0.00%	-1.05%
Average Drawdown Average peak-to-trough decline	-6.79%	-9.95%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.90%	+0.17%

Volatility

NTSX vs. SWPPX - Volatility Comparison

WisdomTree U.S. Efficient Core Fund (NTSX) has a higher volatility of 3.39% compared to Schwab S&P 500 Index Fund (SWPPX) at 2.83%. This indicates that NTSX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	2.83%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	8.98%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	11.87%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	16.93%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	18.23%	+0.04%

NTSX vs. SWPPX - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is higher than SWPPX's 0.02% 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%.

Dividends

NTSX vs. SWPPX - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.08%, more than SWPPX's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%
SWPPX Schwab S&P 500 Index Fund	0.99%	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 NTSX and SWPPX in my portfolio?

With a correlation of 0.91, NTSX and SWPPX 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, NTSX or SWPPX?

NTSX has higher volatility (3.39%) compared to SWPPX (2.83%). In terms of maximum drawdown, NTSX dropped -31.34% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.52 vs 2.06), 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.