SWANX vs. ^SP500TR

Last updated Jun 5, 2026

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 12.18%/yr vs 15.58%/yr for ^SP500TR. With a 0.98 correlation, they move nearly in lockstep.

Performance

SWANX vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Core Equity Fund™ (SWANX) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWANX achieves a 5.15% return, which is significantly lower than ^SP500TR's 11.36% return. Over the past 10 years, SWANX has underperformed ^SP500TR with an annualized return of 12.18%, while ^SP500TR has yielded a comparatively higher 15.58% annualized return.

SWANX

• 1D: -1.06%
• 1M: 2.11%
• YTD: 5.15%
• 6M: -1.58%
• 1Y: 11.14%
• 3Y*: 15.75%
• 5Y*: 9.81%
• 10Y*: 12.18%

^SP500TR

• 1D: 0.42%
• 1M: 4.61%
• YTD: 11.36%
• 6M: 11.27%
• 1Y: 28.58%
• 3Y*: 22.72%
• 5Y*: 14.02%
• 10Y*: 15.58%

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

SWANX vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWANX Schwab Core Equity Fund™	5.15%	6.61%	25.42%	22.83%	-18.00%	27.27%	11.95%	29.50%	-9.53%	24.26%
^SP500TR S&P 500 Total Return	11.36%	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 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
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 3, 1997	0.98

The correlation between SWANX and ^SP500TR has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

SWANX vs. ^SP500TR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWANX

SWANX Risk / Return Rank: 9
SWANX Sharpe Ratio Rank: 11
SWANX Sortino Ratio Rank: 9
SWANX Omega Ratio Rank: 12
SWANX Calmar Ratio Rank: 8
SWANX Martin Ratio Rank: 8

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 83
^SP500TR Sortino Ratio Rank: 85
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 80
^SP500TR Martin Ratio Rank: 90

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.

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.

	SWANX	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.42	-1.59
Sortino ratio: Return per unit of downside risk	1.10	3.30	-2.20
Omega ratio: Gain probability vs. loss probability	1.17	1.44	-0.26
Calmar ratio: Return relative to maximum drawdown	0.74	3.23	-2.49
Martin ratio: Return relative to average drawdown	2.15	15.09	-12.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWANX vs. ^SP500TR - Sharpe Ratio Comparison

The current SWANX Sharpe Ratio is 0.83, which is lower than the ^SP500TR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SWANX and ^SP500TR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWANX	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.42	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.83	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.87	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.65	-0.17

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.

Drawdown Indicators

	SWANX	^SP500TR	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.13%	-0.32%	-1.81%
Average Drawdown Average peak-to-trough decline	-11.29%	-8.16%	-3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	1.90%	+3.44%

Volatility

SWANX vs. ^SP500TR - Volatility Comparison

Schwab Core Equity Fund™ (SWANX) has a higher volatility of 3.02% compared to S&P 500 Total Return (^SP500TR) at 2.87%. 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.

Volatility by Period

	SWANX	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.87%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	9.00%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	11.88%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	16.90%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	18.06%	+0.07%

Frequently Asked Questions

Can I hold both SWANX and ^SP500TR in my portfolio?

With a correlation of 0.95, 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.

Which is riskier, SWANX or ^SP500TR?

SWANX has higher volatility (3.02%) compared to ^SP500TR (2.87%). In terms of maximum drawdown, SWANX dropped -51.33% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.42 vs 0.83), 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.