SWHYX vs. SWPPX
Compare and contrast key facts about Schwab Opportunistic Municipal Bond Fund (SWHYX) and Schwab S&P 500 Index Fund (SWPPX).
SWHYX is managed by Charles Schwab. It was launched on Mar 30, 2014. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
SWHYX vs. SWPPX - Performance Comparison
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SWHYX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | -0.44% | 2.98% | 1.89% | 9.24% | -12.81% | 2.49% | 2.52% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 11.84% |
Returns By Period
In the year-to-date period, SWHYX achieves a -0.44% return, which is significantly higher than SWPPX's -7.07% return.
SWHYX
- 1D
- 0.23%
- 1M
- -2.56%
- YTD
- -0.44%
- 6M
- 1.26%
- 1Y
- 3.56%
- 3Y*
- 3.56%
- 5Y*
- 0.46%
- 10Y*
- —
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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SWHYX vs. SWPPX - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
SWHYX vs. SWPPX — Risk / Return Rank
SWHYX
SWPPX
SWHYX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Opportunistic Municipal Bond Fund (SWHYX) 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.
| SWHYX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.84 | -0.14 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.30 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.06 | -0.32 |
Martin ratioReturn relative to average drawdown | 2.20 | 5.14 | -2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWHYX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.84 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.68 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.48 | -0.30 |
Correlation
The correlation between SWHYX and SWPPX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SWHYX vs. SWPPX - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.82%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | 3.82% | 4.12% | 3.79% | 6.48% | 3.38% | 2.46% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
SWHYX vs. SWPPX - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -17.46%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWHYX and SWPPX.
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Drawdown Indicators
| SWHYX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -55.06% | +37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -12.10% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -24.51% | +7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.80% | — |
Current DrawdownCurrent decline from peak | -2.56% | -8.89% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.00% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.49% | -0.57% |
Volatility
SWHYX vs. SWPPX - Volatility Comparison
The current volatility for Schwab Opportunistic Municipal Bond Fund (SWHYX) is 1.23%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that SWHYX 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.
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Volatility by Period
| SWHYX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 4.29% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 9.11% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 18.14% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 16.89% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 18.19% | -13.81% |