SCHA vs. SWSSX
Compare and contrast key facts about Schwab U.S. Small-Cap ETF (SCHA) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009. 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. Both SCHA and SWSSX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHA or SWSSX.
Performance
SCHA vs. SWSSX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SCHA having a 15.40% return and SWSSX slightly higher at 16.15%. Over the past 10 years, SCHA has outperformed SWSSX with an annualized return of 9.39%, while SWSSX has yielded a comparatively lower 8.62% annualized return.
SCHA
15.40%
3.78%
12.36%
31.31%
10.28%
9.39%
SWSSX
16.15%
3.94%
12.48%
32.36%
9.47%
8.62%
Key characteristics
| SCHA | SWSSX | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.46 |
| Sortino Ratio | 2.22 | 2.15 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 1.39 | 1.24 |
| Martin Ratio | 8.73 | 8.03 |
| Ulcer Index | 3.42% | 3.81% |
| Daily Std Dev | 19.36% | 20.97% |
| Max Drawdown | -42.41% | -61.52% |
| Current Drawdown | -3.99% | -4.43% |
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SCHA vs. SWSSX - Expense Ratio Comparison
Both SCHA and SWSSX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SCHA and SWSSX 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
SCHA vs. SWSSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) 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.
Dividends
SCHA vs. SWSSX - Dividend Comparison
SCHA's dividend yield for the trailing twelve months is around 1.88%, more than SWSSX's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 1.88% | 2.03% | 2.37% | 1.48% | 1.78% | 2.06% | 1.91% | 2.02% | 2.47% | 1.85% | 2.52% | 2.05% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.28% | 1.49% | 1.32% | 1.17% | 1.12% | 1.43% | 1.61% | 1.26% | 1.39% | 1.50% | 1.28% | 1.11% |
Drawdowns
SCHA vs. SWSSX - Drawdown Comparison
The maximum SCHA drawdown since its inception was -42.41%, smaller than the maximum SWSSX drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for SCHA and SWSSX. For additional features, visit the drawdowns tool.
Volatility
SCHA vs. SWSSX - Volatility Comparison
The current volatility for Schwab U.S. Small-Cap ETF (SCHA) is 6.70%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 7.49%. This indicates that SCHA 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.