SWMCX vs. SPMD
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWMCX or SPMD.
Correlation
The correlation between SWMCX and SPMD 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.
Performance
SWMCX vs. SPMD - Performance Comparison
Key characteristics
SWMCX:
1.06
SPMD:
0.92
SWMCX:
1.49
SPMD:
1.36
SWMCX:
1.19
SPMD:
1.17
SWMCX:
1.46
SPMD:
1.73
SWMCX:
5.37
SPMD:
4.85
SWMCX:
2.68%
SPMD:
2.99%
SWMCX:
13.60%
SPMD:
15.88%
SWMCX:
-40.34%
SPMD:
-57.62%
SWMCX:
-8.48%
SPMD:
-7.51%
Returns By Period
In the year-to-date period, SWMCX achieves a 13.61% return, which is significantly lower than SPMD's 14.31% return.
SWMCX
13.61%
-7.55%
7.55%
13.98%
9.61%
N/A
SPMD
14.31%
-6.01%
7.15%
14.09%
10.40%
9.19%
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SWMCX vs. SPMD - Expense Ratio Comparison
SWMCX has a 0.04% expense ratio, which is lower than SPMD's 0.05% 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. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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. SPMD - Dividend Comparison
SWMCX has not paid dividends to shareholders, while SPMD's dividend yield for the trailing twelve months is around 1.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 0.00% | 1.49% | 1.50% | 1.00% | 1.45% | 1.40% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.41% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
SWMCX vs. SPMD - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for SWMCX and SPMD. For additional features, visit the drawdowns tool.
Volatility
SWMCX vs. SPMD - Volatility Comparison
Schwab U.S. Mid-Cap Index Fund (SWMCX) has a higher volatility of 5.38% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 5.09%. This indicates that SWMCX's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.