SSCVX vs. SWPPX

Last updated Aug 1, 2026

SSCVX (Columbia Select Small Cap Value Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - SSCVX is a Small Cap Value Equities fund managed by Columbia, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, SSCVX returned 9.95%/yr vs 14.98%/yr for SWPPX. Their correlation of 0.81 means they have usually moved in the same direction. SSCVX charges 1.28%/yr vs 0.02%/yr for SWPPX.

Performance

SSCVX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Small Cap Value Fund (SSCVX) 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, SSCVX achieves a 27.34% return, which is significantly higher than SWPPX's 9.35% return. Over the past 10 years, SSCVX has underperformed SWPPX with an annualized return of 9.95%, while SWPPX has yielded a comparatively higher 14.98% annualized return.

SSCVX

• 1D: 1.14%
• 1M: 0.52%
• 6M: 19.06%
• YTD: 27.34%
• 1Y: 39.97%
• 3Y*: 14.32%
• 5Y*: 8.97%
• 10Y*: 9.95%
• ALL TIME*: 7.83%

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)
SSCVX Columbia Select Small Cap Value Fund	$0.00	$0.00	$0.00
SWPPX Schwab S&P 500 Index Fund	$0.00	$0.00	$0.00

SSCVX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCVX Columbia Select Small Cap Value Fund	27.34%	5.46%	12.33%	12.47%	-15.35%	31.25%	9.61%	18.76%	-13.70%	12.65%
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 SSCVX and SWPPX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.81

Over the past year, the correlation between SSCVX and SWPPX has dropped to 0.60 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

SSCVX vs. SWPPX — Risk / Return Rank

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

SSCVX

SSCVX Risk / Return Rank: 89
SSCVX Sharpe Ratio Rank: 87
SSCVX Sortino Ratio Rank: 86
SSCVX Omega Ratio Rank: 81
SSCVX Calmar Ratio Rank: 96
SSCVX Martin Ratio Rank: 94

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.

SSCVX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Small Cap Value Fund (SSCVX) 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.

	SSCVX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.42	+0.71
Sortino ratio: Return per unit of downside risk	3.10	1.99	+1.12
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	4.67	2.07	+2.61
Martin ratio: Return relative to average drawdown	14.87	8.85	+6.02

SSCVX vs. SWPPX - Sharpe Ratio Comparison

The current SSCVX Sharpe Ratio is 2.13, which is higher than the SWPPX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SSCVX 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

SSCVX vs. SWPPX - Drawdown Comparison

The maximum SSCVX drawdown since its inception was -65.34%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SSCVX and SWPPX.

Drawdown Indicators

	SSCVX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-65.34%	-55.06%	-10.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-8.89%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-18.74%	-10.48%
Max Drawdown (5Y) Largest decline over 5 years	-29.22%	-24.51%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	-48.87%	-33.80%	-15.07%
Current Drawdown Current decline from peak	-0.38%	-2.09%	+1.71%
Average Drawdown Average peak-to-trough decline	-11.79%	-9.90%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.07%	+0.45%

Volatility

SSCVX vs. SWPPX - Volatility Comparison

The current volatility for Columbia Select Small Cap Value Fund (SSCVX) is 3.30%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.49%. This indicates that SSCVX 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.

Volatility by Period

	SSCVX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	3.49%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	10.13%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	12.89%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	17.05%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	18.23%	+5.12%

SSCVX vs. SWPPX - Expense Ratio Comparison

SSCVX has a 1.28% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

SSCVX vs. SWPPX - Dividend Comparison

SSCVX's dividend yield for the trailing twelve months is around 8.61%, more than SWPPX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSCVX Columbia Select Small Cap Value Fund	8.61%	10.96%	20.45%	6.56%	4.62%	6.64%	6.45%	0.12%	7.59%	13.50%	6.18%	12.44%
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 SSCVX and SWPPX in my portfolio?

SSCVX and SWPPX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSCVX or SWPPX?

SWPPX has higher volatility (3.49%) compared to SSCVX (3.30%). In terms of maximum drawdown, SSCVX dropped -65.34% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SSCVX currently has the higher Sharpe Ratio (2.13 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.