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SNSXX vs. SWPPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SNSXX vs. SWPPX

Last updated Jun 4, 2026

SNSXX (Schwab U.S. Treasury Money Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - SNSXX is a Money Market fund managed by Charles Schwab, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 5 years, SNSXX returned 1.38%/yr vs 14.26%/yr for SWPPX. At a 0.02 correlation, their price movements are largely independent.

Performance

SNSXX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Treasury Money Fund (SNSXX) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SNSXX achieves a 1.40% return, which is significantly lower than SWPPX's 11.69% return.

SNSXX

1D
0.00%
1M
0.29%
YTD
1.40%
6M
1.72%
1Y
3.69%
3Y*
2.32%
5Y*
1.38%
10Y*
—

SWPPX

1D
0.15%
1M
5.83%
YTD
11.69%
6M
11.71%
1Y
28.97%
3Y*
22.73%
5Y*
14.26%
10Y*
15.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SNSXX vs. SWPPX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SNSXX
Schwab U.S. Treasury Money Fund		1.40%3.97%1.61%0.00%0.00%0.00%
SWPPX
Schwab S&P 500 Index Fund		11.69%17.87%24.96%26.26%-18.14%14.73%

Correlation

The correlation between SNSXX and SWPPX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.02

Compare stocks, funds, or ETFs

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Schwab U.S. Treasury Money Fund

Schwab S&P 500 Index Fund

Often compared with SNSXX:
SNSXX vs. SWVXXSNSXX vs. SPAXXSNSXX vs. SGOVSNSXX vs. VMFXXSNSXX vs. BILSNSXX vs. SPYSNSXX vs. SWAGX
Often compared with SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. SNXFXSWPPX vs. QQQ

Return for Risk

SNSXX vs. SWPPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SNSXX
SWPPX
SWPPX Risk / Return Rank: 7373
Overall Rank
SWPPX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 6767
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 6767
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 7474
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNSXX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Treasury Money Fund (SNSXX) 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.

SNSXXSWPPXDifference
Sharpe ratioReturn per unit of total volatility
3.71
2.52

+1.19

Sortino ratioReturn per unit of downside risk

—

3.41

—

Omega ratioGain probability vs. loss probability

—

1.46

—

Calmar ratioReturn relative to maximum drawdown

—

3.36

—

Martin ratioReturn relative to average drawdown

—

15.67

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNSXX vs. SWPPX - Sharpe Ratio Comparison

The current SNSXX Sharpe Ratio is 3.71, which is higher than the SWPPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of SNSXX and SWPPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SNSXXSWPPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.71

2.52

+1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.09

0.85

+1.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.08

0.51

+1.57

Drawdowns

SNSXX vs. SWPPX - Drawdown Comparison

The maximum SNSXX drawdown since its inception was 0.00%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SNSXX and SWPPX.

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Drawdown Indicators

SNSXXSWPPXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-55.06%

+55.06%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-8.89%

+8.89%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-18.74%

+18.74%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-24.51%

+24.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.80%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

0.00%

-9.95%

+9.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

1.90%

-1.90%

Volatility

SNSXX vs. SWPPX - Volatility Comparison

The current volatility for Schwab U.S. Treasury Money Fund (SNSXX) is 0.29%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 2.83%. This indicates that SNSXX 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

SNSXXSWPPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.29%

2.83%

-2.54%

Volatility (6M)

Calculated over the trailing 6-month period

0.73%

8.98%

-8.25%

Volatility (1Y)

Calculated over the trailing 1-year period

1.05%

11.87%

-10.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.68%

16.93%

-16.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.68%

18.23%

-17.55%

Dividends

SNSXX vs. SWPPX - Dividend Comparison

SNSXX's dividend yield for the trailing twelve months is around 3.62%, more than SWPPX's 0.99% yield.

PositionTTM20252024202320222021202020192018201720162015
SNSXX
Schwab U.S. Treasury Money Fund		3.62%3.88%1.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SWPPX
Schwab S&P 500 Index Fund		0.99%1.11%1.23%1.43%1.67%1.27%1.81%1.95%2.67%1.79%2.55%3.17%

Frequently Asked Questions

SNSXX and SWPPX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWPPX has higher volatility (2.83%) compared to SNSXX (0.29%). In terms of maximum drawdown, SNSXX dropped 0.00% vs SWPPX's -55.06%.

SNSXX currently has the higher Sharpe Ratio (3.71 vs 2.52), 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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