SWMCX vs. SCHB
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab U.S. Broad Market ETF (SCHB).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. SCHB is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Broad Stock Market Total Return Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWMCX or SCHB.
Performance
SWMCX vs. SCHB - Performance Comparison
Returns By Period
In the year-to-date period, SWMCX achieves a 22.89% return, which is significantly lower than SCHB's 28.80% return.
SWMCX
22.89%
6.88%
15.52%
34.22%
12.08%
N/A
SCHB
28.80%
4.03%
15.56%
37.53%
17.76%
15.05%
Key characteristics
| SWMCX | SCHB | |
|---|---|---|
| Sharpe Ratio | 2.56 | 2.99 |
| Sortino Ratio | 3.51 | 3.94 |
| Omega Ratio | 1.44 | 1.55 |
| Calmar Ratio | 2.58 | 4.40 |
| Martin Ratio | 14.70 | 19.21 |
| Ulcer Index | 2.33% | 1.95% |
| Daily Std Dev | 13.34% | 12.54% |
| Max Drawdown | -40.34% | -35.27% |
| Current Drawdown | 0.00% | -0.34% |
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SWMCX vs. SCHB - Expense Ratio Comparison
SWMCX has a 0.04% expense ratio, which is higher than SCHB's 0.03% expense ratio. However, 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 SCHB is 0.94, 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. SCHB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab U.S. Broad Market ETF (SCHB). 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. SCHB - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 1.21%, more than SCHB's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.21% | 1.49% | 1.50% | 1.00% | 1.45% | 1.40% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHB Schwab U.S. Broad Market ETF | 1.18% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.13% | 1.65% | 1.86% | 2.00% | 1.72% | 1.63% |
Drawdowns
SWMCX vs. SCHB - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for SWMCX and SCHB. For additional features, visit the drawdowns tool.
Volatility
SWMCX vs. SCHB - Volatility Comparison
Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab U.S. Broad Market ETF (SCHB) have volatilities of 4.27% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.