SSEIX vs. SWMCX

Last updated Aug 1, 2026

SSEIX (SouthernSun U.S. Equity) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, SSEIX returned 7.68%/yr vs 8.22%/yr for SWMCX. Their correlation of 0.88 means they have usually moved in the same direction. SSEIX charges 1.09%/yr vs 0.04%/yr for SWMCX.

Performance

SSEIX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SouthernSun U.S. Equity (SSEIX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSEIX achieves a 13.91% return, which is significantly lower than SWMCX's 14.87% return.

SSEIX

• 1D: -0.14%
• 1M: -1.87%
• 6M: 5.43%
• YTD: 13.91%
• 1Y: 13.40%
• 3Y*: 6.82%
• 5Y*: 7.68%
• 10Y*: 8.43%
• ALL TIME*: 9.04%

SWMCX

• 1D: 0.30%
• 1M: -0.36%
• 6M: 11.46%
• YTD: 14.87%
• 1Y: 20.65%
• 3Y*: 14.83%
• 5Y*: 8.22%
• 10Y*: —
• ALL TIME*: 10.82%

*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)
SSEIX SouthernSun U.S. Equity	$0.00	$0.00	$0.00
SWMCX Schwab U.S. Mid-Cap Index Fund	$0.00	$0.00	$0.00

SSEIX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSEIX SouthernSun U.S. Equity	13.91%	4.06%	5.40%	18.85%	-4.63%	22.75%	13.36%	31.61%	-23.12%	0.68%
SWMCX Schwab U.S. Mid-Cap Index Fund	14.87%	10.54%	15.28%	17.20%	-17.31%	22.55%	17.03%	30.46%	-9.16%	0.40%

Correlation

The correlation between SSEIX and SWMCX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.88

The correlation between SSEIX and SWMCX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

SSEIX vs. SWMCX — Risk / Return Rank

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

SSEIX

SSEIX Risk / Return Rank: 16
SSEIX Sharpe Ratio Rank: 15
SSEIX Sortino Ratio Rank: 17
SSEIX Omega Ratio Rank: 15
SSEIX Calmar Ratio Rank: 18
SSEIX Martin Ratio Rank: 16

SWMCX

SWMCX Risk / Return Rank: 60
SWMCX Sharpe Ratio Rank: 52
SWMCX Sortino Ratio Rank: 55
SWMCX Omega Ratio Rank: 49
SWMCX Calmar Ratio Rank: 71
SWMCX Martin Ratio Rank: 73

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.

SSEIX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SouthernSun U.S. Equity (SSEIX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

	SSEIX	SWMCX	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.33	-0.70
Sortino ratio: Return per unit of downside risk	1.06	1.95	-0.90
Omega ratio: Gain probability vs. loss probability	1.12	1.24	-0.12
Calmar ratio: Return relative to maximum drawdown	0.94	2.24	-1.30
Martin ratio: Return relative to average drawdown	2.34	8.66	-6.32

SSEIX vs. SWMCX - Sharpe Ratio Comparison

The current SSEIX Sharpe Ratio is 0.63, which is lower than the SWMCX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SSEIX and SWMCX, 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

SSEIX vs. SWMCX - Drawdown Comparison

The maximum SSEIX drawdown since its inception was -48.45%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for SSEIX and SWMCX.

Drawdown Indicators

	SSEIX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	-48.45%	-40.34%	-8.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	-8.15%	-4.76%
Max Drawdown (3Y) Largest decline over 3 years	-27.10%	-21.07%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.10%	-26.09%	-1.01%
Max Drawdown (10Y) Largest decline over 10 years	-48.45%	—	—
Current Drawdown Current decline from peak	-3.28%	-0.66%	-2.62%
Average Drawdown Average peak-to-trough decline	-7.45%	-6.52%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	2.11%	+3.05%

Volatility

SSEIX vs. SWMCX - Volatility Comparison

SouthernSun U.S. Equity (SSEIX) has a higher volatility of 4.15% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 2.39%. This indicates that SSEIX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSEIX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	2.39%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	10.24%	+3.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	13.71%	+5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.46%	18.26%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	20.52%	+2.10%

SSEIX vs. SWMCX - Expense Ratio Comparison

SSEIX has a 1.09% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

SSEIX vs. SWMCX - Dividend Comparison

SSEIX's dividend yield for the trailing twelve months is around 6.35%, more than SWMCX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSEIX SouthernSun U.S. Equity	6.35%	7.24%	12.10%	12.31%	19.39%	14.36%	0.62%	1.15%	7.94%	0.33%	0.38%	5.00%
SWMCX Schwab U.S. Mid-Cap Index Fund	1.85%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSEIX and SWMCX in my portfolio?

SSEIX and SWMCX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSEIX or SWMCX?

SSEIX has higher volatility (4.15%) compared to SWMCX (2.39%). In terms of maximum drawdown, SSEIX dropped -48.45% vs SWMCX's -40.34%.

Which has better risk-adjusted returns?

SWMCX currently has the higher Sharpe Ratio (1.33 vs 0.63), 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.