SRVEX vs. SWPPX

Last updated Aug 1, 2026

SRVEX (Victory Diversified Stock Fund) and SWPPX (Schwab S&P 500 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, SRVEX returned 14.44%/yr vs 14.98%/yr for SWPPX. Their 0.95 correlation means they have historically moved very closely together. SRVEX charges 1.07%/yr vs 0.02%/yr for SWPPX.

Performance

SRVEX vs. SWPPX - Performance Comparison

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

Returns By Period

In the year-to-date period, SRVEX achieves a 10.80% return, which is significantly higher than SWPPX's 9.35% return. Both investments have delivered pretty close results over the past 10 years, with SRVEX having a 14.44% annualized return and SWPPX not far ahead at 14.98%.

SRVEX

• 1D: 1.79%
• 1M: 1.21%
• 6M: 8.24%
• YTD: 10.80%
• 1Y: 25.10%
• 3Y*: 21.39%
• 5Y*: 14.69%
• 10Y*: 14.44%
• ALL TIME*: 11.22%

SWPPX

• 1D: 1.70%
• 1M: -0.52%
• 6M: 7.81%
• YTD: 9.35%
• 1Y: 20.64%
• 3Y*: 19.02%
• 5Y*: 12.67%
• 10Y*: 14.98%
• ALL TIME*: 9.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SRVEX Victory Diversified Stock Fund	$0.00	$0.00	$0.00
SWPPX Schwab S&P 500 Index Fund	$0.00	$0.00	$0.00

SRVEX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRVEX Victory Diversified Stock Fund	10.80%	23.27%	26.33%	24.85%	-18.72%	35.54%	13.60%	29.26%	-13.53%	27.38%
SWPPX Schwab S&P 500 Index Fund	9.35%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between SRVEX and SWPPX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since May 20, 1997	0.95

The correlation between SRVEX and SWPPX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

SRVEX vs. SWPPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SRVEX

SRVEX Risk / Return Rank: 73
SRVEX Sharpe Ratio Rank: 69
SRVEX Sortino Ratio Rank: 66
SRVEX Omega Ratio Rank: 65
SRVEX Calmar Ratio Rank: 76
SRVEX Martin Ratio Rank: 86

SWPPX

SWPPX Risk / Return Rank: 63
SWPPX Sharpe Ratio Rank: 61
SWPPX Sortino Ratio Rank: 57
SWPPX Omega Ratio Rank: 58
SWPPX Calmar Ratio Rank: 65
SWPPX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SRVEX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Diversified Stock Fund (SRVEX) 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.

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.

	SRVEX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.42	+0.25
Sortino ratio: Return per unit of downside risk	2.35	1.99	+0.36
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.54	2.07	+0.47
Martin ratio: Return relative to average drawdown	11.38	8.85	+2.53

SRVEX vs. SWPPX - Sharpe Ratio Comparison

The current SRVEX Sharpe Ratio is 1.68, which is comparable to the SWPPX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SRVEX 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.

Drawdowns

SRVEX vs. SWPPX - Drawdown Comparison

The maximum SRVEX drawdown since its inception was -52.63%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SRVEX and SWPPX.

Drawdown Indicators

	SRVEX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-52.63%	-55.06%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.89%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-18.74%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-24.51%	-8.01%
Max Drawdown (10Y) Largest decline over 10 years	-37.30%	-33.80%	-3.50%
Current Drawdown Current decline from peak	-0.45%	-2.09%	+1.64%
Average Drawdown Average peak-to-trough decline	-7.72%	-9.90%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.07%	-0.09%

Volatility

SRVEX vs. SWPPX - Volatility Comparison

Victory Diversified Stock Fund (SRVEX) and Schwab S&P 500 Index Fund (SWPPX) have volatilities of 3.63% and 3.49%, 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.

Volatility by Period

	SRVEX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	3.49%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	10.13%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	12.89%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.80%	17.05%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	18.23%	+2.34%

SRVEX vs. SWPPX - Expense Ratio Comparison

SRVEX has a 1.07% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

SRVEX vs. SWPPX - Dividend Comparison

SRVEX's dividend yield for the trailing twelve months is around 10.49%, more than SWPPX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRVEX Victory Diversified Stock Fund	10.49%	11.62%	10.70%	10.44%	10.35%	14.74%	2.59%	6.95%	13.60%	23.17%	2.02%	10.19%
SWPPX Schwab S&P 500 Index Fund	1.01%	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

Can I hold both SRVEX and SWPPX in my portfolio?

With a correlation of 0.96, SRVEX and SWPPX 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.

Which is riskier, SRVEX or SWPPX?

SRVEX has higher volatility (3.63%) compared to SWPPX (3.49%). In terms of maximum drawdown, SRVEX dropped -52.63% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SRVEX currently has the higher Sharpe Ratio (1.68 vs 1.42), 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.