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.
Performance
SWMCX vs. SPMD - Performance Comparison
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SWMCX vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | -1.32% | 10.54% | 15.28% | 17.20% | -17.31% | 22.55% | 17.03% | 30.46% | -9.16% | 0.40% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 0.12% |
Returns By Period
In the year-to-date period, SWMCX achieves a -1.32% return, which is significantly lower than SPMD's 2.59% return.
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
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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%.
Return for Risk
SWMCX vs. SPMD — Risk / Return Rank
SWMCX
SPMD
SWMCX vs. SPMD - Risk-Adjusted Trends 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.
| SWMCX | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.83 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.30 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.25 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.04 | 5.41 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWMCX | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.83 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.34 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.43 | +0.02 |
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.
Dividends
SWMCX vs. SPMD - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 2.15%, more than SPMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 2.15% | 2.13% | 2.60% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
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.
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Drawdown Indicators
| SWMCX | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -57.62% | +17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -14.12% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -24.08% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -8.15% | -6.13% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -8.18% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.27% | -0.40% |
Volatility
SWMCX vs. SPMD - Volatility Comparison
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 4.80%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 6.56%. 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.
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Volatility by Period
| SWMCX | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.56% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 11.95% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 21.11% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 19.71% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 21.18% | -0.42% |