SWHYX vs. SWSSX
Compare and contrast key facts about Schwab Opportunistic Municipal Bond Fund (SWHYX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SWHYX is managed by Charles Schwab. It was launched on Mar 30, 2014. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
SWHYX vs. SWSSX - Performance Comparison
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SWHYX vs. SWSSX - 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 25.42% |
Returns By Period
In the year-to-date period, SWHYX achieves a -0.44% return, which is significantly higher than SWSSX's -2.49% return.
SWHYX
- 1D
- 0.23%
- 1M
- -2.56%
- YTD
- -0.44%
- 6M
- 1.26%
- 1Y
- 3.56%
- 3Y*
- 3.56%
- 5Y*
- 0.46%
- 10Y*
- —
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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SWHYX vs. SWSSX - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
SWHYX vs. SWSSX — Risk / Return Rank
SWHYX
SWSSX
SWHYX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Opportunistic Municipal Bond Fund (SWHYX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.91 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.40 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.33 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.20 | 5.02 | -2.82 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.91 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.14 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.33 | -0.15 |
Correlation
The correlation between SWHYX and SWSSX is 0.08, 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. SWSSX - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.82%, more than SWSSX's 1.32% 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SWHYX vs. SWSSX - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -17.46%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SWHYX and SWSSX.
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Drawdown Indicators
| SWHYX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -60.34% | +42.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -13.90% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -31.93% | +14.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -2.56% | -11.00% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.78% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.68% | -1.76% |
Volatility
SWHYX vs. SWSSX - Volatility Comparison
The current volatility for Schwab Opportunistic Municipal Bond Fund (SWHYX) is 1.23%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that SWHYX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWHYX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 6.59% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 14.12% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 23.11% | -17.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 22.57% | -17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 24.03% | -19.65% |