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SWPPX vs. SNXFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWPPX vs. SNXFX

Last updated Jun 17, 2026

SWPPX (Schwab S&P 500 Index Fund) and SNXFX (Schwab 1000 Index Fund) are both Large Cap Blend Equities funds from Charles Schwab - SWPPX tracks the S&P 500 Index while SNXFX tracks the Schwab 1000 Index. Both are passively managed. Over the past 10 years, SWPPX returned 15.70%/yr vs 15.38%/yr for SNXFX. With a 1.00 correlation, they move nearly in lockstep. SWPPX charges 0.02%/yr vs 0.05%/yr for SNXFX.

Performance

SWPPX vs. SNXFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab S&P 500 Index Fund (SWPPX) and Schwab 1000 Index Fund (SNXFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SWPPX having a 10.95% return and SNXFX slightly higher at 11.27%. Both investments have delivered pretty close results over the past 10 years, with SWPPX having a 15.70% annualized return and SNXFX not far behind at 15.38%.

SWPPX

1D
1.67%
1M
2.10%
YTD
10.95%
6M
11.77%
1Y
26.70%
3Y*
21.25%
5Y*
13.93%
10Y*
15.70%

SNXFX

1D
1.70%
1M
2.53%
YTD
11.27%
6M
11.96%
1Y
26.59%
3Y*
21.13%
5Y*
13.16%
10Y*
15.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWPPX vs. SNXFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWPPX
Schwab S&P 500 Index Fund		10.95%17.87%24.96%26.26%-18.14%28.67%18.38%31.46%-4.47%21.81%
SNXFX
Schwab 1000 Index Fund		11.27%17.23%24.46%26.53%-19.46%26.10%20.71%31.43%-5.04%21.71%

Correlation

The correlation between SWPPX and SNXFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since May 20, 1997

1.00

The correlation between SWPPX and SNXFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

SWPPX vs. SNXFX - Sectors Allocation Comparison

Sectors
SWPPX
SNXFX

Technology

35.6%
34.6%

Financial Services

11.8%
11.9%

Communication Services

11.2%
10.6%

Consumer Cyclical

10.1%
10.1%

Healthcare

8.5%
8.7%

Industrials

8.3%
9.4%

Consumer Defensive

4.9%
4.7%

Energy

3.5%
3.6%

Utilities

2.4%
2.3%

Real Estate

1.9%
2.2%

Basic Materials

1.8%
2.0%

Technology

SWPPX
35.6%
SNXFX
34.6%

Financial Services

SWPPX
11.8%
SNXFX
11.9%

Communication Services

SWPPX
11.2%
SNXFX
10.6%

Consumer Cyclical

SWPPX
10.1%
SNXFX
10.1%

Healthcare

SWPPX
8.5%
SNXFX
8.7%

Industrials

SWPPX
8.3%
SNXFX
9.4%

Consumer Defensive

SWPPX
4.9%
SNXFX
4.7%

Energy

SWPPX
3.5%
SNXFX
3.6%

Utilities

SWPPX
2.4%
SNXFX
2.3%

Real Estate

SWPPX
1.9%
SNXFX
2.2%

Basic Materials

SWPPX
1.8%
SNXFX
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab S&P 500 Index Fund

Schwab 1000 Index Fund

Often compared with SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. QQQSWPPX vs. FNILX
Often compared with SNXFX:
SNXFX vs. SWTSXSNXFX vs. VOOSNXFX vs. FSKAXSNXFX vs. SWAGXSNXFX vs. FEMKXSNXFX vs. FLCPXSNXFX vs. FNDX

Return for Risk

SWPPX vs. SNXFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWPPX
SWPPX Risk / Return Rank: 7878
Overall Rank
SWPPX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 7272
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 7373
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 7878
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 8686
Martin Ratio Rank
SNXFX
SNXFX Risk / Return Rank: 7676
Overall Rank
SNXFX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SNXFX Sortino Ratio Rank: 7070
Sortino Ratio Rank
SNXFX Omega Ratio Rank: 7171
Omega Ratio Rank
SNXFX Calmar Ratio Rank: 7878
Calmar Ratio Rank
SNXFX Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWPPX vs. SNXFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Schwab 1000 Index Fund (SNXFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SWPPXSNXFXDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.20

+0.05

Sortino ratioReturn per unit of downside risk
3.03
2.96

+0.07

Omega ratioGain probability vs. loss probability

1.41

1.40

+0.01

Calmar ratioReturn relative to maximum drawdown

3.15

3.12

+0.03

Martin ratioReturn relative to average drawdown

14.28

14.02

+0.26

SWPPX vs. SNXFX - Sharpe Ratio Comparison

The current SWPPX Sharpe Ratio is 2.25, which is comparable to the SNXFX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of SWPPX and SNXFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWPPX vs. SNXFX - Drawdown Comparison

The maximum SWPPX drawdown since its inception was -55.06%, roughly equal to the maximum SNXFX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for SWPPX and SNXFX.

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Drawdown Indicators

SWPPXSNXFXDifference

Max Drawdown

Largest peak-to-trough decline

-55.06%

-55.08%

+0.02%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-8.94%

+0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-18.74%

-19.21%

+0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-24.51%

-25.36%

+0.85%

Max Drawdown (10Y)

Largest decline over 10 years

-33.80%

-34.58%

+0.78%

Current Drawdown

Current decline from peak

-0.66%

-0.55%

-0.11%

Average Drawdown

Average peak-to-trough decline

-9.94%

-8.75%

-1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.99%

-0.03%

Volatility

SWPPX vs. SNXFX - Volatility Comparison

Schwab S&P 500 Index Fund (SWPPX) and Schwab 1000 Index Fund (SNXFX) have volatilities of 4.72% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWPPXSNXFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

4.83%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.85%

10.02%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.46%

12.72%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.02%

17.41%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.27%

18.78%

-0.51%

SWPPX vs. SNXFX - Expense Ratio Comparison

SWPPX has a 0.02% expense ratio, which is lower than SNXFX's 0.05% 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%.

Dividends

SWPPX vs. SNXFX - Dividend Comparison

SWPPX's dividend yield for the trailing twelve months is around 1.00%, less than SNXFX's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
SNXFX
Schwab 1000 Index Fund		1.31%1.45%1.23%1.41%1.61%1.74%2.76%3.01%6.49%4.23%3.41%6.31%
SWPPX
Schwab S&P 500 Index Fund		1.00%1.11%1.23%1.43%1.67%1.27%1.81%1.95%2.67%1.79%2.55%3.17%

Frequently Asked Questions

With a correlation of 1.00, SWPPX and SNXFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SNXFX has higher volatility (4.83%) compared to SWPPX (4.72%). In terms of maximum drawdown, SWPPX dropped -55.06% vs SNXFX's -55.08%.

SWPPX currently has the higher Sharpe Ratio (2.25 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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