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.
Performance
SWMCX vs. SPMD - Performance Comparison
Returns By Period
In the year-to-date period, SWMCX achieves a 22.89% return, which is significantly higher than SPMD's 21.61% return.
SWMCX
22.89%
6.88%
15.52%
34.22%
12.08%
N/A
SPMD
21.61%
7.09%
13.08%
32.98%
12.75%
10.01%
Key characteristics
| SWMCX | SPMD | |
|---|---|---|
| Sharpe Ratio | 2.56 | 2.06 |
| Sortino Ratio | 3.51 | 2.90 |
| Omega Ratio | 1.44 | 1.36 |
| Calmar Ratio | 2.58 | 3.36 |
| Martin Ratio | 14.70 | 11.92 |
| Ulcer Index | 2.33% | 2.77% |
| Daily Std Dev | 13.34% | 15.99% |
| Max Drawdown | -40.34% | -57.62% |
| Current Drawdown | 0.00% | 0.00% |
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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%.
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.
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's dividend yield for the trailing twelve months is around 1.21%, less than SPMD's 1.29% 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.29% | 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
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 4.27%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.61%. This indicates that SWMCX experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.