SWPPX vs. QQQ
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Invesco QQQ ETF (QQQ).
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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SWPPX and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SWPPX vs. QQQ - Performance Comparison
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SWPPX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, SWPPX achieves a -7.07% return, which is significantly lower than QQQ's -5.93% return. Over the past 10 years, SWPPX has underperformed QQQ with an annualized return of 13.71%, while QQQ has yielded a comparatively higher 18.85% annualized return.
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%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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SWPPX vs. QQQ - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than QQQ's 0.18% 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
SWPPX vs. QQQ — Risk / Return Rank
SWPPX
QQQ
SWPPX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.05 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.63 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.88 | -0.82 |
Martin ratioReturn relative to average drawdown | 5.14 | 6.95 | -1.81 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.05 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.58 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.85 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.37 | +0.11 |
Correlation
The correlation between SWPPX and QQQ is 0.87, 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. QQQ - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.19%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
SWPPX vs. QQQ - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SWPPX and QQQ.
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Drawdown Indicators
| SWPPX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -82.97% | +27.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -12.62% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -35.12% | +10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -35.12% | +1.32% |
Current DrawdownCurrent decline from peak | -8.89% | -8.98% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -32.99% | +22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.41% | -0.92% |
Volatility
SWPPX vs. QQQ - Volatility Comparison
The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 4.29%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that SWPPX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 6.51% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 12.77% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 22.67% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 22.39% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 22.25% | -4.06% |