SWMCX vs. VSMAX
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
SWMCX vs. VSMAX - Performance Comparison
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SWMCX vs. VSMAX - 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% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | -1.21% | 8.83% | 14.23% | 18.17% | -17.61% | 17.74% | 19.06% | 27.36% | -9.33% | 0.47% |
Returns By Period
In the year-to-date period, SWMCX achieves a -1.32% return, which is significantly lower than VSMAX's -1.21% return.
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
VSMAX
- 1D
- -0.98%
- 1M
- -8.09%
- YTD
- -1.21%
- 6M
- 0.58%
- 1Y
- 16.07%
- 3Y*
- 11.85%
- 5Y*
- 5.02%
- 10Y*
- 10.15%
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SWMCX vs. VSMAX - Expense Ratio Comparison
SWMCX has a 0.04% expense ratio, which is lower than VSMAX'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. VSMAX — Risk / Return Rank
SWMCX
VSMAX
SWMCX vs. VSMAX - 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 Small-Cap Index Fund Admiral Shares (VSMAX). 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 | VSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.75 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.19 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.97 | -0.10 |
Martin ratioReturn relative to average drawdown | 4.04 | 4.20 | -0.16 |
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 | VSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.75 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.24 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.37 | +0.08 |
Correlation
The correlation between SWMCX and VSMAX is 0.97, 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. VSMAX - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 2.15%, more than VSMAX's 1.38% 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% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.38% | 1.33% | 1.30% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% |
Drawdowns
SWMCX vs. VSMAX - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, smaller than the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for SWMCX and VSMAX.
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Drawdown Indicators
| SWMCX | VSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -59.68% | +19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -14.30% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -28.14% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.82% | — |
Current DrawdownCurrent decline from peak | -8.15% | -8.97% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -9.75% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.30% | -0.43% |
Volatility
SWMCX vs. VSMAX - Volatility Comparison
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 4.80%, while Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a volatility of 5.91%. This indicates that SWMCX experiences smaller price fluctuations and is considered to be less risky than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMCX | VSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.91% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 12.22% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 21.62% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 20.69% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 21.52% | -0.76% |