OAKMX vs. SWPPX
Compare and contrast key facts about Oakmark Fund Investor Class (OAKMX) and Schwab S&P 500 Index Fund (SWPPX).
OAKMX is managed by Oakmark. It was launched on Aug 5, 1991. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
OAKMX vs. SWPPX - Performance Comparison
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OAKMX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OAKMX Oakmark Fund Investor Class | -2.47% | 14.13% | 16.02% | 30.92% | -13.38% | 34.85% | 12.90% | 27.14% | -12.76% | 21.12% |
SWPPX Schwab S&P 500 Index Fund | -4.39% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, OAKMX achieves a -2.47% return, which is significantly higher than SWPPX's -4.39% return. Both investments have delivered pretty close results over the past 10 years, with OAKMX having a 13.51% annualized return and SWPPX not far ahead at 14.04%.
OAKMX
- 1D
- 1.76%
- 1M
- -3.56%
- YTD
- -2.47%
- 6M
- 2.30%
- 1Y
- 10.13%
- 3Y*
- 16.07%
- 5Y*
- 10.98%
- 10Y*
- 13.51%
SWPPX
- 1D
- 2.88%
- 1M
- -5.04%
- YTD
- -4.39%
- 6M
- -2.17%
- 1Y
- 17.28%
- 3Y*
- 18.27%
- 5Y*
- 11.76%
- 10Y*
- 14.04%
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OAKMX vs. SWPPX - Expense Ratio Comparison
OAKMX has a 0.91% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
OAKMX vs. SWPPX — Risk / Return Rank
OAKMX
SWPPX
OAKMX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund Investor Class (OAKMX) 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.
| OAKMX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.97 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.49 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.52 | -0.70 |
Martin ratioReturn relative to average drawdown | 3.26 | 7.29 | -4.03 |
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
| OAKMX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.97 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.70 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.77 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.48 | +0.22 |
Correlation
The correlation between OAKMX and SWPPX is 0.88, 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
OAKMX vs. SWPPX - Dividend Comparison
OAKMX's dividend yield for the trailing twelve months is around 0.94%, less than SWPPX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKMX Oakmark Fund Investor Class | 0.94% | 0.92% | 1.12% | 1.02% | 0.92% | 1.94% | 0.17% | 8.33% | 8.13% | 4.06% | 2.58% | 1.43% |
SWPPX Schwab S&P 500 Index Fund | 1.16% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
OAKMX vs. SWPPX - Drawdown Comparison
The maximum OAKMX drawdown since its inception was -56.19%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for OAKMX and SWPPX.
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Drawdown Indicators
| OAKMX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.19% | -55.06% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -12.10% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -24.51% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | -33.80% | -7.63% |
Current DrawdownCurrent decline from peak | -4.97% | -6.26% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -10.00% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.52% | +0.87% |
Volatility
OAKMX vs. SWPPX - Volatility Comparison
The current volatility for Oakmark Fund Investor Class (OAKMX) is 4.20%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 5.36%. This indicates that OAKMX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAKMX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 5.36% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 9.55% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 18.32% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 16.94% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 18.21% | +2.22% |