SWANX vs. SPY
Compare and contrast key facts about Schwab Core Equity Fund™ (SWANX) and State Street SPDR S&P 500 ETF (SPY).
SWANX is managed by Charles Schwab. It was launched on Jul 1, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWANX vs. SPY - Performance Comparison
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SWANX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWANX Schwab Core Equity Fund™ | -9.30% | 6.61% | 25.42% | 22.83% | -18.00% | 27.27% | 11.95% | 29.50% | -9.53% | 24.26% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWANX achieves a -9.30% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SWANX has underperformed SPY with an annualized return of 10.70%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWANX
- 1D
- -0.09%
- 1M
- -7.74%
- YTD
- -9.30%
- 6M
- -12.09%
- 1Y
- 2.59%
- 3Y*
- 11.86%
- 5Y*
- 7.97%
- 10Y*
- 10.70%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWANX vs. SPY - Expense Ratio Comparison
SWANX has a 0.73% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SWANX vs. SPY — Risk / Return Rank
SWANX
SPY
SWANX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Core Equity Fund™ (SWANX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.93 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.45 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.53 | -1.49 |
Martin ratioReturn relative to average drawdown | 0.10 | 7.30 | -7.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWANX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.93 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.56 | -0.11 |
Correlation
The correlation between SWANX and SPY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWANX vs. SPY - Dividend Comparison
SWANX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWANX Schwab Core Equity Fund™ | 0.00% | 0.00% | 8.37% | 2.89% | 16.55% | 28.81% | 4.67% | 2.88% | 15.23% | 11.59% | 1.66% | 17.05% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWANX vs. SPY - Drawdown Comparison
The maximum SWANX drawdown since its inception was -51.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWANX and SPY.
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Drawdown Indicators
| SWANX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -55.19% | +3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -12.05% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -24.50% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -33.72% | -0.94% |
Current DrawdownCurrent decline from peak | -15.58% | -6.24% | -9.34% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -9.09% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.52% | +2.48% |
Volatility
SWANX vs. SPY - Volatility Comparison
The current volatility for Schwab Core Equity Fund™ (SWANX) is 4.05%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SWANX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWANX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.31% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 9.47% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 19.05% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 17.06% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 17.92% | +0.17% |