SWMCX vs. IVOO
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWMCX or IVOO.
Correlation
The correlation between SWMCX and IVOO is 0.97, 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.
Performance
SWMCX vs. IVOO - Performance Comparison
Key characteristics
SWMCX:
0.10
IVOO:
-0.11
SWMCX:
0.27
IVOO:
-0.01
SWMCX:
1.04
IVOO:
1.00
SWMCX:
0.09
IVOO:
-0.10
SWMCX:
0.32
IVOO:
-0.36
SWMCX:
5.81%
IVOO:
6.63%
SWMCX:
19.07%
IVOO:
21.35%
SWMCX:
-40.34%
IVOO:
-42.33%
SWMCX:
-16.16%
IVOO:
-18.63%
Returns By Period
In the year-to-date period, SWMCX achieves a -8.70% return, which is significantly higher than IVOO's -11.74% return.
SWMCX
-8.70%
-6.66%
-11.13%
2.54%
11.86%
N/A
IVOO
-11.74%
-7.93%
-13.45%
-1.34%
13.63%
7.65%
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SWMCX vs. IVOO - Expense Ratio Comparison
SWMCX has a 0.04% expense ratio, which is lower than IVOO's 0.10% 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%.
Risk-Adjusted Performance
SWMCX vs. IVOO — Risk-Adjusted Performance Rank
SWMCX
IVOO
SWMCX vs. IVOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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
SWMCX vs. IVOO - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 1.56%, less than IVOO's 1.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.56% | 1.42% | 1.49% | 1.50% | 1.00% | 1.45% | 1.40% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.80% | 1.48% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% |
Drawdowns
SWMCX vs. IVOO - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, roughly equal to the maximum IVOO drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for SWMCX and IVOO. For additional features, visit the drawdowns tool.
Volatility
SWMCX vs. IVOO - Volatility Comparison
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 13.34%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 14.35%. This indicates that SWMCX experiences smaller price fluctuations and is considered to be less risky than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.