SWANX vs. ^SP500TR
SWANX (Schwab Core Equity Fund™) is Large Cap Blend Equities fund managed by Charles Schwab, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, SWANX returned 11.94%/yr vs 15.19%/yr for ^SP500TR. With a 0.98 correlation, they move nearly in lockstep.
Performance
SWANX vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, SWANX achieves a 5.47% return, which is significantly lower than ^SP500TR's 10.76% return. Over the past 10 years, SWANX has underperformed ^SP500TR with an annualized return of 11.94%, while ^SP500TR has yielded a comparatively higher 15.19% annualized return.
SWANX
- 1D
- 1.04%
- 1M
- 1.91%
- 6M
- 4.88%
- YTD
- 5.47%
- 1Y
- 7.37%
- 3Y*
- 14.21%
- 5Y*
- 9.33%
- 10Y*
- 11.94%
^SP500TR
- 1D
- -0.51%
- 1M
- 0.37%
- 6M
- 9.12%
- YTD
- 10.76%
- 1Y
- 21.72%
- 3Y*
- 20.14%
- 5Y*
- 13.35%
- 10Y*
- 15.19%
SWANX vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWANX Schwab Core Equity Fund™ | 5.47% | 6.61% | 25.42% | 22.83% | -18.00% | 27.27% | 11.95% | 29.50% | -9.53% | 24.26% |
^SP500TR S&P 500 Total Return | 10.76% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
Correlation
The correlation between SWANX and ^SP500TR is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.98 |
The correlation between SWANX and ^SP500TR has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
SWANX vs. ^SP500TR — Risk / Return Rank
SWANX
^SP500TR
SWANX vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Core Equity Fund™ (SWANX) and S&P 500 Total Return (^SP500TR). 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.
| SWANX | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.45 | -1.96 |
| Martin ratioReturn relative to average drawdown | 1.38 | 10.76 | -9.38 |
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Drawdowns
SWANX vs. ^SP500TR - Drawdown Comparison
The maximum SWANX drawdown since its inception was -51.33%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SWANX and ^SP500TR.
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Drawdown Indicators
| SWANX | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -55.25% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -8.89% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.43% | -18.75% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -24.49% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -33.79% | -0.87% |
Current DrawdownCurrent decline from peak | -1.84% | -0.86% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -8.15% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 2.02% | +3.51% |
Volatility
SWANX vs. ^SP500TR - Volatility Comparison
Schwab Core Equity Fund™ (SWANX) has a higher volatility of 3.86% compared to S&P 500 Total Return (^SP500TR) at 3.26%. This indicates that SWANX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWANX | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.26% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 10.00% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 12.55% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 17.00% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 18.05% | +0.05% |
Frequently Asked Questions
With a correlation of 0.93, SWANX and ^SP500TR 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.
SWANX has higher volatility (3.86%) compared to ^SP500TR (3.26%). In terms of maximum drawdown, SWANX dropped -51.33% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.74 vs 0.53), 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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