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.
Performance
SWMCX vs. IVOO - Performance Comparison
Returns By Period
In the year-to-date period, SWMCX achieves a 19.95% return, which is significantly higher than IVOO's 17.76% return.
SWMCX
19.95%
3.37%
12.23%
31.67%
11.56%
N/A
IVOO
17.76%
2.50%
8.92%
29.57%
11.94%
10.05%
Key characteristics
| SWMCX | IVOO | |
|---|---|---|
| Sharpe Ratio | 2.36 | 1.82 |
| Sortino Ratio | 3.25 | 2.59 |
| Omega Ratio | 1.41 | 1.32 |
| Calmar Ratio | 2.27 | 2.86 |
| Martin Ratio | 13.43 | 10.38 |
| Ulcer Index | 2.33% | 2.79% |
| Daily Std Dev | 13.26% | 15.94% |
| Max Drawdown | -40.34% | -42.33% |
| Current Drawdown | -1.30% | -2.66% |
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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%.
Correlation
The correlation between SWMCX and IVOO is 0.96, 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.
Risk-Adjusted Performance
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 1.24%, less than IVOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.24% | 1.49% | 1.50% | 1.00% | 1.45% | 1.40% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.28% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
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 4.08%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 5.28%. 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.