SWPPX vs. MUHLX
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Muhlenkamp Fund (MUHLX).
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. MUHLX is managed by Muhlenkamp. It was launched on Nov 1, 1988.
Performance
SWPPX vs. MUHLX - Performance Comparison
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SWPPX vs. MUHLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | -4.39% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
MUHLX Muhlenkamp Fund | 9.11% | 17.82% | 3.38% | 13.92% | 2.89% | 28.98% | 11.96% | 14.39% | -13.29% | 18.78% |
Returns By Period
In the year-to-date period, SWPPX achieves a -4.39% return, which is significantly lower than MUHLX's 9.11% return. Over the past 10 years, SWPPX has outperformed MUHLX with an annualized return of 14.04%, while MUHLX has yielded a comparatively lower 10.68% annualized 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%
MUHLX
- 1D
- 2.42%
- 1M
- -5.65%
- YTD
- 9.11%
- 6M
- 10.37%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
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SWPPX vs. MUHLX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than MUHLX's 1.14% expense ratio.
Return for Risk
SWPPX vs. MUHLX — Risk / Return Rank
SWPPX
MUHLX
SWPPX vs. MUHLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Muhlenkamp Fund (MUHLX). 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 | MUHLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.42 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.97 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.37 | -0.85 |
Martin ratioReturn relative to average drawdown | 7.29 | 8.57 | -1.29 |
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 | MUHLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.42 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.82 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.63 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.03 |
Correlation
The correlation between SWPPX and MUHLX is 0.86, 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. MUHLX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.16%, less than MUHLX's 3.06% 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% |
MUHLX Muhlenkamp Fund | 3.06% | 3.34% | 0.58% | 0.89% | 6.80% | 7.77% | 10.28% | 1.26% | 14.70% | 4.30% | 0.00% | 11.02% |
Drawdowns
SWPPX vs. MUHLX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, smaller than the maximum MUHLX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for SWPPX and MUHLX.
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Drawdown Indicators
| SWPPX | MUHLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -62.05% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -10.23% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -18.63% | -5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -40.85% | +7.05% |
Current DrawdownCurrent decline from peak | -6.26% | -5.65% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -10.81% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.83% | -0.31% |
Volatility
SWPPX vs. MUHLX - Volatility Comparison
The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 5.36%, while Muhlenkamp Fund (MUHLX) has a volatility of 6.01%. This indicates that SWPPX experiences smaller price fluctuations and is considered to be less risky than MUHLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | MUHLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 6.01% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 12.06% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 16.85% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 14.77% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 17.04% | +1.17% |