SWASX vs. SFREX
SWASX (Schwab Global Real Estate Fund™) and SFREX (Schwab Fundamental Global Real Estate Index Fund) are both REIT funds from Charles Schwab. Over the past 10 years, SWASX returned 3.56%/yr vs 3.16%/yr for SFREX. Their correlation of 0.93 means they have usually moved in the same direction. SWASX charges 1.05%/yr vs 0.39%/yr for SFREX.
Performance
SWASX vs. SFREX - Performance Comparison
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Returns By Period
In the year-to-date period, SWASX achieves a 12.73% return, which is significantly higher than SFREX's 9.53% return. Over the past 10 years, SWASX has outperformed SFREX with an annualized return of 3.56%, while SFREX has yielded a comparatively lower 3.16% annualized return.
SWASX
- 1D
- -0.13%
- 1M
- 2.62%
- 6M
- 8.40%
- YTD
- 12.73%
- 1Y
- 18.75%
- 3Y*
- 9.42%
- 5Y*
- 1.89%
- 10Y*
- 3.56%
- ALL TIME*
- 2.69%
SFREX
- 1D
- -0.09%
- 1M
- 3.20%
- 6M
- 3.62%
- YTD
- 9.53%
- 1Y
- 13.31%
- 3Y*
- 8.67%
- 5Y*
- 1.12%
- 10Y*
- 3.16%
- ALL TIME*
- 3.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWASX vs. SFREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWASX Schwab Global Real Estate Fund™ | 12.73% | 11.33% | 1.42% | 8.49% | -25.10% | 25.32% | -12.10% | 27.81% | -7.66% | 14.38% |
SFREX Schwab Fundamental Global Real Estate Index Fund | 9.53% | 11.26% | 3.05% | 4.10% | -21.06% | 18.56% | -11.16% | 22.61% | -8.26% | 20.07% |
Correlation
The correlation between SWASX and SFREX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.93 |
The correlation between SWASX and SFREX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
SWASX vs. SFREX — Risk / Return Rank
SWASX
SFREX
SWASX vs. SFREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Global Real Estate Fund™ (SWASX) and Schwab Fundamental Global Real Estate Index Fund (SFREX). 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.
| SWASX | SFREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.97 | +0.64 |
| Martin ratioReturn relative to average drawdown | 6.03 | 2.93 | +3.10 |
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Drawdowns
SWASX vs. SFREX - Drawdown Comparison
The maximum SWASX drawdown since its inception was -69.47%, which is greater than SFREX's maximum drawdown of -41.98%. Use the drawdown chart below to compare losses from any high point for SWASX and SFREX.
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Drawdown Indicators
| SWASX | SFREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.47% | -41.98% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -11.96% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -20.54% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -32.31% | -32.90% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -44.19% | -41.98% | -2.21% |
Current DrawdownCurrent decline from peak | -0.27% | -0.86% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -10.36% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.96% | -1.05% |
Volatility
SWASX vs. SFREX - Volatility Comparison
The current volatility for Schwab Global Real Estate Fund™ (SWASX) is 2.88%, while Schwab Fundamental Global Real Estate Index Fund (SFREX) has a volatility of 3.04%. This indicates that SWASX experiences smaller price fluctuations and is considered to be less risky than SFREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWASX | SFREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.04% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 9.97% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 12.26% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 16.35% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 17.93% | -0.88% |
SWASX vs. SFREX - Expense Ratio Comparison
SWASX has a 1.05% expense ratio, which is higher than SFREX's 0.39% expense ratio.
Dividends
SWASX vs. SFREX - Dividend Comparison
SWASX's dividend yield for the trailing twelve months is around 3.28%, which matches SFREX's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFREX Schwab Fundamental Global Real Estate Index Fund | 3.26% | 3.51% | 3.75% | 3.53% | 2.89% | 2.92% | 3.46% | 4.10% | 5.45% | 2.78% | 5.00% | 1.29% |
SWASX Schwab Global Real Estate Fund™ | 3.28% | 3.11% | 3.32% | 3.29% | 3.00% | 3.71% | 2.94% | 7.38% | 4.24% | 3.32% | 4.67% | 3.00% |
Frequently Asked Questions
SWASX and SFREX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SFREX has higher volatility (3.04%) compared to SWASX (2.88%). In terms of maximum drawdown, SWASX dropped -69.47% vs SFREX's -41.98%.
SWASX currently has the higher Sharpe Ratio (1.53 vs 0.95), 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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