SWKRX vs. SPY
Compare and contrast key facts about Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and State Street SPDR S&P 500 ETF (SPY).
SWKRX is managed by Charles Schwab. It was launched on Mar 27, 2008. 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
SWKRX vs. SPY - Performance Comparison
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SWKRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 3.06% | 12.14% | 3.85% | 8.71% | -12.47% | 5.73% | 6.11% | 13.79% | -4.20% | 8.19% |
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, SWKRX achieves a 3.06% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SWKRX has underperformed SPY with an annualized return of 4.44%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWKRX
- 1D
- 0.36%
- 1M
- -4.09%
- YTD
- 3.06%
- 6M
- 5.58%
- 1Y
- 11.14%
- 3Y*
- 8.47%
- 5Y*
- 3.78%
- 10Y*
- 4.44%
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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SWKRX vs. SPY - Expense Ratio Comparison
SWKRX has a 0.00% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SWKRX vs. SPY — Risk / Return Rank
SWKRX
SPY
SWKRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) 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.
| SWKRX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.93 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.45 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.53 | +0.32 |
Martin ratioReturn relative to average drawdown | 8.48 | 7.30 | +1.19 |
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
| SWKRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.93 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.56 | +0.13 |
Correlation
The correlation between SWKRX and SPY is 0.75, 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
SWKRX vs. SPY - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 3.97%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 3.97% | 4.41% | 4.73% | 4.69% | 7.47% | 3.93% | 3.02% | 4.66% | 3.10% | 2.71% | 4.71% | 2.27% |
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
SWKRX vs. SPY - Drawdown Comparison
The maximum SWKRX drawdown since its inception was -20.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWKRX and SPY.
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Drawdown Indicators
| SWKRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -55.19% | +34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -12.05% | +5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -24.50% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | -33.72% | +13.03% |
Current DrawdownCurrent decline from peak | -4.09% | -6.24% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -9.09% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.52% | -1.16% |
Volatility
SWKRX vs. SPY - Volatility Comparison
The current volatility for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) is 2.37%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SWKRX 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
| SWKRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 5.31% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 9.47% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 19.05% | -11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 17.06% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 17.92% | -10.89% |