SWMCX vs. VMCIX
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. VMCIX is managed by Vanguard. It was launched on May 21, 1998.
Performance
SWMCX vs. VMCIX - Performance Comparison
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SWMCX vs. VMCIX - 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% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | -2.79% | 11.67% | 14.68% | 16.54% | -18.70% | 24.53% | 18.20% | 31.04% | -9.25% | 0.26% |
Returns By Period
In the year-to-date period, SWMCX achieves a -1.32% return, which is significantly higher than VMCIX's -2.79% return.
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
VMCIX
- 1D
- -0.66%
- 1M
- -7.87%
- YTD
- -2.79%
- 6M
- -3.58%
- 1Y
- 10.31%
- 3Y*
- 11.79%
- 5Y*
- 6.51%
- 10Y*
- 10.43%
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SWMCX vs. VMCIX - Expense Ratio Comparison
Both SWMCX and VMCIX 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. VMCIX — Risk / Return Rank
SWMCX
VMCIX
SWMCX vs. VMCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX). 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 | VMCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.63 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.12 | 0.99 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.73 | +0.13 |
Martin ratioReturn relative to average drawdown | 4.04 | 3.40 | +0.64 |
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 | VMCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.63 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.37 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.47 | -0.02 |
Correlation
The correlation between SWMCX and VMCIX is 0.99, 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. VMCIX - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 2.15%, more than VMCIX's 1.54% 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% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.54% | 1.52% | 1.49% | 1.51% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% |
Drawdowns
SWMCX vs. VMCIX - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, smaller than the maximum VMCIX drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for SWMCX and VMCIX.
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Drawdown Indicators
| SWMCX | VMCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -58.86% | +18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -12.77% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -27.54% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -8.15% | -8.13% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -8.02% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.75% | +0.12% |
Volatility
SWMCX vs. VMCIX - Volatility Comparison
Schwab U.S. Mid-Cap Index Fund (SWMCX) has a higher volatility of 4.80% compared to Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) at 4.23%. This indicates that SWMCX's price experiences larger fluctuations and is considered to be riskier than VMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMCX | VMCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.23% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 9.43% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 17.58% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 17.63% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 18.90% | +1.86% |