SWMCX vs. SWSSX
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
SWMCX vs. SWSSX - Performance Comparison
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SWMCX vs. SWSSX - 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 0.00% |
Returns By Period
In the year-to-date period, SWMCX achieves a -1.32% return, which is significantly higher than SWSSX's -2.49% return.
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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SWMCX vs. SWSSX - Expense Ratio Comparison
Both SWMCX and SWSSX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
SWMCX vs. SWSSX — Risk / Return Rank
SWMCX
SWSSX
SWMCX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.91 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.40 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.33 | -0.47 |
Martin ratioReturn relative to average drawdown | 4.04 | 5.02 | -0.98 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.91 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.14 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.33 | +0.12 |
Correlation
The correlation between SWMCX and SWSSX is 0.93, 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. SWSSX - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 2.15%, more than SWSSX's 1.32% 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SWMCX vs. SWSSX - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SWMCX and SWSSX.
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Drawdown Indicators
| SWMCX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -60.34% | +20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -13.90% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -31.93% | +5.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -8.15% | -11.00% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -10.78% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.68% | -0.81% |
Volatility
SWMCX vs. SWSSX - Volatility Comparison
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 4.80%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that SWMCX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMCX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.59% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 14.12% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 23.11% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 22.57% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 24.03% | -3.27% |