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SNXFX vs. SWSSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SNXFX vs. SWSSX

Last updated Jun 4, 2026

SNXFX (Schwab 1000 Index Fund) and SWSSX (Schwab Small-Cap Index Fund-Select Shares) are both mutual funds - SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index, while SWSSX is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, SNXFX returned 15.29%/yr vs 11.20%/yr for SWSSX. Their correlation of 0.87 suggests significant overlap in exposure. SNXFX charges 0.05%/yr vs 0.04%/yr for SWSSX.

Performance

SNXFX vs. SWSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1000 Index Fund (SNXFX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SNXFX achieves a 11.89% return, which is significantly lower than SWSSX's 18.71% return. Over the past 10 years, SNXFX has outperformed SWSSX with an annualized return of 15.29%, while SWSSX has yielded a comparatively lower 11.20% annualized return.

SNXFX

1D
0.25%
1M
5.85%
YTD
11.89%
6M
11.81%
1Y
28.65%
3Y*
22.58%
5Y*
13.51%
10Y*
15.29%

SWSSX

1D
0.92%
1M
5.00%
YTD
18.71%
6M
17.43%
1Y
41.24%
3Y*
18.69%
5Y*
6.65%
10Y*
11.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SNXFX vs. SWSSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SNXFX
Schwab 1000 Index Fund		11.89%17.23%24.46%26.53%-19.46%26.10%20.71%31.43%-5.04%21.71%
SWSSX
Schwab Small-Cap Index Fund-Select Shares		18.71%12.88%11.57%17.07%-20.43%14.77%20.12%25.63%-11.19%14.76%

Correlation

The correlation between SNXFX and SWSSX is 0.82, 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

0.82

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

0.80

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

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jan 5, 1998

0.87

The correlation between SNXFX and SWSSX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

SNXFX vs. SWSSX - Sectors Allocation Comparison

Sectors
SNXFX
SWSSX

Technology

34.6%
17.0%

Financial Services

11.9%
15.8%

Communication Services

10.6%
2.4%

Consumer Cyclical

10.1%
8.4%

Industrials

9.4%
17.7%

Healthcare

8.7%
16.5%

Consumer Defensive

4.7%
2.4%

Energy

3.6%
6.1%

Utilities

2.3%
2.9%

Real Estate

2.2%
6.1%

Basic Materials

2.0%
4.8%

Technology

SNXFX
34.6%
SWSSX
17.0%

Financial Services

SNXFX
11.9%
SWSSX
15.8%

Communication Services

SNXFX
10.6%
SWSSX
2.4%

Consumer Cyclical

SNXFX
10.1%
SWSSX
8.4%

Industrials

SNXFX
9.4%
SWSSX
17.7%

Healthcare

SNXFX
8.7%
SWSSX
16.5%

Consumer Defensive

SNXFX
4.7%
SWSSX
2.4%

Energy

SNXFX
3.6%
SWSSX
6.1%

Utilities

SNXFX
2.3%
SWSSX
2.9%

Real Estate

SNXFX
2.2%
SWSSX
6.1%

Basic Materials

SNXFX
2.0%
SWSSX
4.8%

Compare stocks, funds, or ETFs

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Schwab 1000 Index Fund

Schwab Small-Cap Index Fund-Select Shares

Often compared with SNXFX:
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Often compared with SWSSX:
SWSSX vs. SCHASWSSX vs. SWPPXSWSSX vs. SFSNXSWSSX vs. SWSCXSWSSX vs. VSMAXSWSSX vs. VSIAXSWSSX vs. VBR

Return for Risk

SNXFX vs. SWSSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SNXFX
SNXFX Risk / Return Rank: 7070
Overall Rank
SNXFX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SNXFX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SNXFX Omega Ratio Rank: 6262
Omega Ratio Rank
SNXFX Calmar Ratio Rank: 7373
Calmar Ratio Rank
SNXFX Martin Ratio Rank: 8181
Martin Ratio Rank
SWSSX
SWSSX Risk / Return Rank: 6464
Overall Rank
SWSSX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SWSSX Sortino Ratio Rank: 5555
Sortino Ratio Rank
SWSSX Omega Ratio Rank: 4747
Omega Ratio Rank
SWSSX Calmar Ratio Rank: 8484
Calmar Ratio Rank
SWSSX Martin Ratio Rank: 7474
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.

SNXFX vs. SWSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index Fund (SNXFX) 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.

SNXFXSWSSXDifference
Sharpe ratioReturn per unit of total volatility
2.44
2.28

+0.16

Sortino ratioReturn per unit of downside risk
3.32
3.13

+0.18

Omega ratioGain probability vs. loss probability

1.44

1.37

+0.07

Calmar ratioReturn relative to maximum drawdown

3.31

3.97

-0.66

Martin ratioReturn relative to average drawdown

15.28

14.11

+1.17

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

SNXFX vs. SWSSX - Sharpe Ratio Comparison

The current SNXFX Sharpe Ratio is 2.44, which is comparable to the SWSSX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SNXFX and SWSSX, 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

SNXFXSWSSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.44

2.28

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.30

+0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.47

+0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.36

+0.22

Drawdowns

SNXFX vs. SWSSX - Drawdown Comparison

The maximum SNXFX drawdown since its inception was -55.08%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SNXFX and SWSSX.

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Drawdown Indicators

SNXFXSWSSXDifference

Max Drawdown

Largest peak-to-trough decline

-55.08%

-60.34%

+5.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-11.00%

+2.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.21%

-27.50%

+8.29%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-31.93%

+6.57%

Max Drawdown (10Y)

Largest decline over 10 years

-34.58%

-41.81%

+7.23%

Current Drawdown

Current decline from peak

0.00%

-0.13%

+0.13%

Average Drawdown

Average peak-to-trough decline

-8.76%

-10.73%

+1.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

3.09%

-1.16%

Volatility

SNXFX vs. SWSSX - Volatility Comparison

The current volatility for Schwab 1000 Index Fund (SNXFX) is 2.87%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 5.61%. This indicates that SNXFX 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.

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Volatility by Period

SNXFXSWSSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

5.61%

-2.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.13%

13.60%

-4.47%

Volatility (1Y)

Calculated over the trailing 1-year period

12.12%

19.15%

-7.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.31%

22.59%

-5.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.73%

24.09%

-5.36%

SNXFX vs. SWSSX - Expense Ratio Comparison

SNXFX has a 0.05% expense ratio, which is higher than SWSSX's 0.04% 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. SWSSX - Dividend Comparison

SNXFX's dividend yield for the trailing twelve months is around 1.30%, more than SWSSX's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
SNXFX
Schwab 1000 Index Fund		1.30%1.45%1.23%1.41%1.61%1.74%2.76%3.01%6.49%4.23%3.41%6.31%
SWSSX
Schwab Small-Cap Index Fund-Select Shares		1.08%1.29%1.66%1.49%1.32%8.88%2.55%6.12%10.45%5.22%4.10%6.92%

Frequently Asked Questions

SNXFX and SWSSX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWSSX has higher volatility (5.61%) compared to SNXFX (2.87%). In terms of maximum drawdown, SNXFX dropped -55.08% vs SWSSX's -60.34%.

SNXFX currently has the higher Sharpe Ratio (2.44 vs 2.28), 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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