POMIX vs. SWPPX
Compare and contrast key facts about T. Rowe Price Total Equity Market Index Fund (POMIX) and Schwab S&P 500 Index Fund (SWPPX).
POMIX is managed by T. Rowe Price. It was launched on Jan 30, 1998. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POMIX or SWPPX.
Performance
POMIX vs. SWPPX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with POMIX having a 26.05% return and SWPPX slightly higher at 26.66%. Over the past 10 years, POMIX has underperformed SWPPX with an annualized return of 12.49%, while SWPPX has yielded a comparatively higher 13.20% annualized return.
POMIX
26.05%
4.02%
13.76%
33.47%
14.89%
12.49%
SWPPX
26.66%
3.08%
13.26%
32.82%
15.76%
13.20%
Key characteristics
| POMIX | SWPPX | |
|---|---|---|
| Sharpe Ratio | 2.58 | 2.67 |
| Sortino Ratio | 3.49 | 3.55 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 3.90 | 3.88 |
| Martin Ratio | 16.84 | 17.39 |
| Ulcer Index | 1.99% | 1.89% |
| Daily Std Dev | 12.95% | 12.30% |
| Max Drawdown | -55.54% | -55.06% |
| Current Drawdown | -0.26% | -0.46% |
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POMIX vs. SWPPX - Expense Ratio Comparison
POMIX 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%.
Correlation
The correlation between POMIX and SWPPX is 0.99, 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.
Risk-Adjusted Performance
POMIX vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Equity Market Index Fund (POMIX) 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.
Dividends
POMIX vs. SWPPX - Dividend Comparison
POMIX's dividend yield for the trailing twelve months is around 0.95%, less than SWPPX's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POMIX T. Rowe Price Total Equity Market Index Fund | 0.95% | 1.20% | 1.46% | 1.02% | 1.17% | 1.52% | 1.77% | 1.43% | 1.62% | 1.78% | 1.41% | 1.27% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
POMIX vs. SWPPX - Drawdown Comparison
The maximum POMIX drawdown since its inception was -55.54%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for POMIX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
POMIX vs. SWPPX - Volatility Comparison
T. Rowe Price Total Equity Market Index Fund (POMIX) has a higher volatility of 4.16% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.96%. This indicates that POMIX'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.