SNXFX vs. FSKAX
SNXFX (Schwab 1000 Index Fund) and FSKAX (Fidelity Total Market Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, SNXFX returned 15.45%/yr vs 15.27%/yr for FSKAX. With a 0.99 correlation, they move nearly in lockstep. SNXFX charges 0.05%/yr vs 0.01%/yr for FSKAX.
Performance
SNXFX vs. FSKAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SNXFX having a 10.10% return and FSKAX slightly higher at 10.43%. Both investments have delivered pretty close results over the past 10 years, with SNXFX having a 15.45% annualized return and FSKAX not far behind at 15.27%.
SNXFX
- 1D
- -0.37%
- 1M
- 0.44%
- YTD
- 10.10%
- 6M
- 8.98%
- 1Y
- 25.34%
- 3Y*
- 21.31%
- 5Y*
- 12.77%
- 10Y*
- 15.45%
FSKAX
- 1D
- -0.34%
- 1M
- 0.56%
- YTD
- 10.43%
- 6M
- 9.28%
- 1Y
- 25.95%
- 3Y*
- 21.24%
- 5Y*
- 12.40%
- 10Y*
- 15.27%
SNXFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNXFX Schwab 1000 Index Fund | 10.10% | 17.23% | 24.46% | 26.53% | -19.46% | 26.10% | 20.71% | 31.43% | -5.04% | 21.71% |
FSKAX Fidelity Total Market Index Fund | 10.43% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between SNXFX and FSKAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.99 |
The correlation between SNXFX and FSKAX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SNXFX vs. FSKAX — Risk / Return Rank
SNXFX
FSKAX
SNXFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index Fund (SNXFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| SNXFX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.06 | -0.08 |
| Martin ratioReturn relative to average drawdown | 13.32 | 13.62 | -0.30 |
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Drawdowns
SNXFX vs. FSKAX - Drawdown Comparison
The maximum SNXFX drawdown since its inception was -55.08%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for SNXFX and FSKAX.
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Drawdown Indicators
| SNXFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -35.01% | -20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -8.92% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -19.43% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -25.39% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.58% | -35.01% | +0.43% |
Current DrawdownCurrent decline from peak | -1.60% | -1.47% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -4.01% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.00% | 0.00% |
Volatility
SNXFX vs. FSKAX - Volatility Comparison
Schwab 1000 Index Fund (SNXFX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 4.82% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNXFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.80% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 10.10% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 12.91% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 17.50% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 18.50% | +0.28% |
SNXFX vs. FSKAX - Expense Ratio Comparison
SNXFX has a 0.05% expense ratio, which is higher than FSKAX'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%.
Dividends
SNXFX vs. FSKAX - Dividend Comparison
SNXFX's dividend yield for the trailing twelve months is around 1.32%, more than FSKAX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.95% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
SNXFX Schwab 1000 Index Fund | 1.32% | 1.45% | 1.23% | 1.41% | 1.61% | 1.74% | 2.76% | 3.01% | 6.49% | 4.23% | 3.41% | 6.31% |
Frequently Asked Questions
With a correlation of 1.00, SNXFX and FSKAX 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.
SNXFX has higher volatility (4.82%) compared to FSKAX (4.80%). In terms of maximum drawdown, SNXFX dropped -55.08% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.12 vs 2.09), 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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