SWHFX vs. SPY
Compare and contrast key facts about Schwab Health Care Fund™ (SWHFX) and State Street SPDR S&P 500 ETF (SPY).
SWHFX is managed by Charles Schwab. It was launched on Jul 2, 2000. 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
SWHFX vs. SPY - Performance Comparison
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SWHFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWHFX Schwab Health Care Fund™ | -4.90% | 9.81% | 0.10% | 0.73% | -4.66% | 23.36% | 12.83% | 17.64% | 3.68% | 20.31% |
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, SWHFX achieves a -4.90% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SWHFX has underperformed SPY with an annualized return of 7.56%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWHFX
- 1D
- 0.46%
- 1M
- -9.48%
- YTD
- -4.90%
- 6M
- -0.66%
- 1Y
- -2.33%
- 3Y*
- 3.11%
- 5Y*
- 4.00%
- 10Y*
- 7.56%
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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SWHFX vs. SPY - Expense Ratio Comparison
SWHFX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SWHFX vs. SPY — Risk / Return Rank
SWHFX
SPY
SWHFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) 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.
| SWHFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 0.93 | -1.03 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.45 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.53 | -1.66 |
Martin ratioReturn relative to average drawdown | -0.30 | 7.30 | -7.60 |
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
| SWHFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.93 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.69 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.78 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between SWHFX and SPY is 0.76, 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
SWHFX vs. SPY - Dividend Comparison
SWHFX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHFX Schwab Health Care Fund™ | 0.00% | 0.00% | 9.49% | 3.60% | 4.18% | 12.52% | 11.47% | 4.56% | 10.02% | 7.32% | 2.63% | 16.31% |
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
SWHFX vs. SPY - Drawdown Comparison
The maximum SWHFX drawdown since its inception was -43.10%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWHFX and SPY.
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Drawdown Indicators
| SWHFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.10% | -55.19% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -12.05% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -24.50% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -33.72% | +6.44% |
Current DrawdownCurrent decline from peak | -11.81% | -6.24% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -9.09% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 2.52% | +3.10% |
Volatility
SWHFX vs. SPY - Volatility Comparison
The current volatility for Schwab Health Care Fund™ (SWHFX) is 4.40%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SWHFX 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
| SWHFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 5.31% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 9.47% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 19.05% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 17.06% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 17.92% | -2.00% |