SWOBX vs. SWPPX
Compare and contrast key facts about Schwab Balanced Fund™ (SWOBX) and Schwab S&P 500 Index Fund (SWPPX).
SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
SWOBX vs. SWPPX - Performance Comparison
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SWOBX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | -4.75% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, SWOBX achieves a -4.75% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, SWOBX has underperformed SWPPX with an annualized return of 7.90%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
SWOBX
- 1D
- -0.06%
- 1M
- -6.07%
- YTD
- -4.75%
- 6M
- -2.83%
- 1Y
- 9.96%
- 3Y*
- 10.26%
- 5Y*
- 5.35%
- 10Y*
- 7.90%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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SWOBX vs. SWPPX - Expense Ratio Comparison
SWOBX has a 0.00% expense ratio, which is lower than SWPPX's 0.02% 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
SWOBX vs. SWPPX — Risk / Return Rank
SWOBX
SWPPX
SWOBX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Schwab S&P 500 Index Fund (SWPPX). 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.
| SWOBX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.84 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.30 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.06 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.34 | 5.14 | +0.20 |
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
| SWOBX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.84 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.68 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.76 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.48 | +0.10 |
Correlation
The correlation between SWOBX and SWPPX is 0.94, 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
SWOBX vs. SWPPX - Dividend Comparison
SWOBX's dividend yield for the trailing twelve months is around 5.75%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | 5.75% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
SWOBX vs. SWPPX - Drawdown Comparison
The maximum SWOBX drawdown since its inception was -35.99%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWOBX and SWPPX.
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Drawdown Indicators
| SWOBX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -55.06% | +19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -12.10% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -24.51% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -28.30% | -33.80% | +5.50% |
Current DrawdownCurrent decline from peak | -6.58% | -8.89% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -10.00% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.49% | -0.80% |
Volatility
SWOBX vs. SWPPX - Volatility Comparison
The current volatility for Schwab Balanced Fund™ (SWOBX) is 3.45%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that SWOBX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWOBX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 4.29% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 9.11% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 18.14% | -6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 16.89% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.83% | 18.19% | -5.36% |