SWMIX vs. SPY
Compare and contrast key facts about Schwab International Opportunities Fund (SWMIX) and State Street SPDR S&P 500 ETF (SPY).
SWMIX is managed by Charles Schwab. It was launched on Apr 1, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWMIX vs. SPY - Performance Comparison
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SWMIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMIX Schwab International Opportunities Fund | -2.83% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWMIX achieves a -2.83% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SWMIX has underperformed SPY with an annualized return of 6.26%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWMIX
- 1D
- -0.21%
- 1M
- -12.80%
- YTD
- -2.83%
- 6M
- -5.84%
- 1Y
- 12.68%
- 3Y*
- 7.21%
- 5Y*
- 0.89%
- 10Y*
- 6.26%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWMIX vs. SPY - Expense Ratio Comparison
SWMIX has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SWMIX vs. SPY — Risk / Return Rank
SWMIX
SPY
SWMIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SWMIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.93 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.45 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.53 | -0.83 |
Martin ratioReturn relative to average drawdown | 2.56 | 7.30 | -4.74 |
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
| SWMIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.93 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.69 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.78 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.22 |
Correlation
The correlation between SWMIX and SPY is 0.80, 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
SWMIX vs. SPY - Dividend Comparison
SWMIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMIX Schwab International Opportunities Fund | 0.00% | 0.00% | 2.04% | 1.73% | 3.59% | 17.50% | 6.16% | 1.94% | 10.57% | 4.60% | 0.87% | 7.20% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWMIX vs. SPY - Drawdown Comparison
The maximum SWMIX drawdown since its inception was -61.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWMIX and SPY.
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Drawdown Indicators
| SWMIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -55.19% | -6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -12.05% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | -24.50% | -16.01% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -33.72% | -6.79% |
Current DrawdownCurrent decline from peak | -12.90% | -6.24% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -9.09% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.52% | +0.97% |
Volatility
SWMIX vs. SPY - Volatility Comparison
Schwab International Opportunities Fund (SWMIX) has a higher volatility of 7.56% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SWMIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 5.31% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 9.47% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 19.05% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 17.06% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 17.92% | +0.25% |