SWCAX vs. SWPPX
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab S&P 500 Index Fund (SWPPX).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWCAX or SWPPX.
Key characteristics
| SWCAX | SWPPX | |
|---|---|---|
| YTD Return | 1.68% | 27.25% |
| 1Y Return | 6.08% | 37.82% |
| 3Y Return (Ann) | -0.45% | 10.34% |
| 5Y Return (Ann) | 0.60% | 16.03% |
| 10Y Return (Ann) | 1.36% | 13.43% |
| Sharpe Ratio | 2.32 | 3.22 |
| Sortino Ratio | 3.55 | 4.26 |
| Omega Ratio | 1.56 | 1.61 |
| Calmar Ratio | 0.78 | 4.73 |
| Martin Ratio | 10.46 | 21.35 |
| Ulcer Index | 0.58% | 1.87% |
| Daily Std Dev | 2.63% | 12.36% |
| Max Drawdown | -13.51% | -55.06% |
| Current Drawdown | -2.17% | 0.00% |
Correlation
The correlation between SWCAX and SWPPX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SWCAX vs. SWPPX - Performance Comparison
In the year-to-date period, SWCAX achieves a 1.68% return, which is significantly lower than SWPPX's 27.25% return. Over the past 10 years, SWCAX has underperformed SWPPX with an annualized return of 1.36%, while SWPPX has yielded a comparatively higher 13.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWCAX vs. SWPPX - Expense Ratio Comparison
SWCAX has a 0.48% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Risk-Adjusted Performance
SWCAX vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab S&P 500 Index Fund (SWPPX). 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.
Dividends
SWCAX vs. SWPPX - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 3.07%, more than SWPPX's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 3.07% | 2.68% | 2.12% | 1.60% | 1.85% | 2.24% | 2.51% | 2.38% | 2.32% | 2.24% | 2.39% | 2.53% |
SWPPX Schwab S&P 500 Index Fund | 1.12% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
SWCAX vs. SWPPX - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWCAX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
SWCAX vs. SWPPX - Volatility Comparison
The current volatility for Schwab California Tax-Free Bond Fund™ (SWCAX) is 1.37%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.88%. This indicates that SWCAX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.