SFREX vs. SWASX
SFREX (Schwab Fundamental Global Real Estate Index Fund) and SWASX (Schwab Global Real Estate Fund™) are both REIT funds from Charles Schwab. Over the past 10 years, SFREX returned 3.55%/yr vs 3.92%/yr for SWASX. Their correlation of 0.93 suggests significant overlap in exposure. SFREX charges 0.39%/yr vs 1.05%/yr for SWASX.
Performance
SFREX vs. SWASX - Performance Comparison
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Returns By Period
In the year-to-date period, SFREX achieves a 3.97% return, which is significantly lower than SWASX's 7.68% return. Over the past 10 years, SFREX has underperformed SWASX with an annualized return of 3.55%, while SWASX has yielded a comparatively higher 3.92% annualized return.
SFREX
- 1D
- 0.10%
- 1M
- -2.05%
- YTD
- 3.97%
- 6M
- 3.91%
- 1Y
- 8.68%
- 3Y*
- 10.15%
- 5Y*
- -0.38%
- 10Y*
- 3.55%
SWASX
- 1D
- 0.84%
- 1M
- -0.83%
- YTD
- 7.68%
- 6M
- 7.68%
- 1Y
- 11.95%
- 3Y*
- 10.35%
- 5Y*
- 1.23%
- 10Y*
- 3.92%
SFREX vs. SWASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFREX Schwab Fundamental Global Real Estate Index Fund | 3.97% | 11.26% | 3.05% | 4.10% | -21.06% | 18.56% | -11.16% | 22.61% | -8.26% | 20.07% |
SWASX Schwab Global Real Estate Fund™ | 7.68% | 11.33% | 1.42% | 8.49% | -25.10% | 25.32% | -12.10% | 27.81% | -7.66% | 14.38% |
Correlation
The correlation between SFREX and SWASX 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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.93 |
The correlation between SFREX and SWASX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
SFREX vs. SWASX — Risk / Return Rank
SFREX
SWASX
SFREX vs. SWASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Global Real Estate Index Fund (SFREX) and Schwab Global Real Estate Fund™ (SWASX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SFREX | SWASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.23 | -0.39 |
| Martin ratioReturn relative to average drawdown | 2.63 | 4.59 | -1.96 |
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Drawdowns
SFREX vs. SWASX - Drawdown Comparison
The maximum SFREX drawdown since its inception was -41.98%, smaller than the maximum SWASX drawdown of -69.47%. Use the drawdown chart below to compare losses from any high point for SFREX and SWASX.
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Drawdown Indicators
| SFREX | SWASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.98% | -69.47% | +27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -10.89% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -20.54% | -17.23% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -32.31% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -44.19% | +2.21% |
Current DrawdownCurrent decline from peak | -5.89% | -3.33% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -15.47% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 2.91% | +0.87% |
Volatility
SFREX vs. SWASX - Volatility Comparison
The current volatility for Schwab Fundamental Global Real Estate Index Fund (SFREX) is 3.64%, while Schwab Global Real Estate Fund™ (SWASX) has a volatility of 4.08%. This indicates that SFREX experiences smaller price fluctuations and is considered to be less risky than SWASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFREX | SWASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 4.08% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 8.95% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 11.59% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 15.46% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 17.10% | +0.87% |
SFREX vs. SWASX - Expense Ratio Comparison
SFREX has a 0.39% expense ratio, which is lower than SWASX's 1.05% expense ratio.
Dividends
SFREX vs. SWASX - Dividend Comparison
SFREX's dividend yield for the trailing twelve months is around 3.44%, more than SWASX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFREX Schwab Fundamental Global Real Estate Index Fund | 3.44% | 3.51% | 3.75% | 3.53% | 2.89% | 2.92% | 3.46% | 4.10% | 5.45% | 2.78% | 5.00% | 1.29% |
SWASX Schwab Global Real Estate Fund™ | 3.23% | 3.11% | 3.32% | 3.29% | 3.00% | 3.71% | 2.94% | 7.38% | 4.24% | 3.32% | 4.67% | 3.00% |
Frequently Asked Questions
With a correlation of 0.91, SFREX and SWASX 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.
SWASX has higher volatility (4.08%) compared to SFREX (3.64%). In terms of maximum drawdown, SFREX dropped -41.98% vs SWASX's -69.47%.
SWASX currently has the higher Sharpe Ratio (1.16 vs 0.82), 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.
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