PEXMX vs. SWMCX
Compare and contrast key facts about T. Rowe Price Extended Equity Market Index Fund (PEXMX) and Schwab U.S. Mid-Cap Index Fund (SWMCX).
PEXMX is managed by T. Rowe Price. It was launched on Jan 30, 1998. SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEXMX or SWMCX.
Key characteristics
| PEXMX | SWMCX | |
|---|---|---|
| YTD Return | 9.83% | 12.50% |
| 1Y Return | 23.42% | 23.20% |
| 3Y Return (Ann) | -0.14% | 4.24% |
| 5Y Return (Ann) | 9.74% | 10.69% |
| Sharpe Ratio | 1.22 | 1.59 |
| Daily Std Dev | 18.67% | 14.43% |
| Max Drawdown | -57.28% | -40.34% |
| Current Drawdown | -6.70% | 0.00% |
Correlation
The correlation between PEXMX and SWMCX is 0.95, 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.
Performance
PEXMX vs. SWMCX - Performance Comparison
In the year-to-date period, PEXMX achieves a 9.83% return, which is significantly lower than SWMCX's 12.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PEXMX vs. SWMCX - Expense Ratio Comparison
PEXMX has a 0.23% expense ratio, which is higher than SWMCX's 0.04% 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%.
Risk-Adjusted Performance
PEXMX vs. SWMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Extended Equity Market Index Fund (PEXMX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.
Dividends
PEXMX vs. SWMCX - Dividend Comparison
PEXMX's dividend yield for the trailing twelve months is around 3.31%, more than SWMCX's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | 3.31% | 3.64% | 7.53% | 14.87% | 2.99% | 4.62% | 6.67% | 5.64% | 5.90% | 4.81% | 4.88% | 3.07% |
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.32% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEXMX vs. SWMCX - Drawdown Comparison
The maximum PEXMX drawdown since its inception was -57.28%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for PEXMX and SWMCX. For additional features, visit the drawdowns tool.
Volatility
PEXMX vs. SWMCX - Volatility Comparison
T. Rowe Price Extended Equity Market Index Fund (PEXMX) has a higher volatility of 5.60% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 3.79%. This indicates that PEXMX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.