SWPPX vs. FEQHX
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Fidelity Hedged Equity Fund (FEQHX).
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. FEQHX is an actively managed fund by Fidelity. It was launched on Sep 8, 2022.
Performance
SWPPX vs. FEQHX - Performance Comparison
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SWPPX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | -4.39% | 17.87% | 24.96% | 26.26% | -3.66% |
FEQHX Fidelity Hedged Equity Fund | -4.09% | 13.61% | 19.46% | 17.65% | -4.85% |
Returns By Period
In the year-to-date period, SWPPX achieves a -4.39% return, which is significantly lower than FEQHX's -4.09% return.
SWPPX
- 1D
- 2.88%
- 1M
- -5.04%
- YTD
- -4.39%
- 6M
- -2.17%
- 1Y
- 17.28%
- 3Y*
- 18.27%
- 5Y*
- 11.76%
- 10Y*
- 14.04%
FEQHX
- 1D
- 1.71%
- 1M
- -4.16%
- YTD
- -4.09%
- 6M
- -3.55%
- 1Y
- 13.00%
- 3Y*
- 13.67%
- 5Y*
- —
- 10Y*
- —
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SWPPX vs. FEQHX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than FEQHX's 0.55% expense ratio.
Return for Risk
SWPPX vs. FEQHX — Risk / Return Rank
SWPPX
FEQHX
SWPPX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Fidelity Hedged Equity Fund (FEQHX). 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.
| SWPPX | FEQHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.21 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.82 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.84 | -0.32 |
Martin ratioReturn relative to average drawdown | 7.29 | 7.27 | +0.02 |
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
| SWPPX | FEQHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.21 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.00 | -0.51 |
Correlation
The correlation between SWPPX and FEQHX is 0.98, 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
SWPPX vs. FEQHX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.16%, more than FEQHX's 0.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 1.16% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
FEQHX Fidelity Hedged Equity Fund | 0.45% | 0.43% | 0.61% | 0.77% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWPPX vs. FEQHX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for SWPPX and FEQHX.
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Drawdown Indicators
| SWPPX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -10.42% | -44.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -7.40% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -5.82% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -2.28% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.87% | +0.65% |
Volatility
SWPPX vs. FEQHX - Volatility Comparison
Schwab S&P 500 Index Fund (SWPPX) has a higher volatility of 5.36% compared to Fidelity Hedged Equity Fund (FEQHX) at 3.11%. This indicates that SWPPX's price experiences larger fluctuations and is considered to be riskier than FEQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 3.11% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 6.85% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 11.04% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 11.29% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 11.29% | +6.92% |