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SWPPX vs. SNXFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SWPPX vs. SNXFX

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Schwab 1000 Index Fund (SNXFX).

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. SNXFX is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Apr 2, 1991. Both SWPPX and SNXFX 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. 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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SWPPX vs. SNXFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SNXFX
Schwab 1000 Index Fund		-6.94%17.23%24.46%26.53%-19.46%26.10%20.71%31.43%-5.04%21.71%

Returns By Period

The year-to-date returns for both investments are quite close, with SWPPX having a -7.07% return and SNXFX slightly higher at -6.94%. Both investments have delivered pretty close results over the past 10 years, with SWPPX having a 13.71% annualized return and SNXFX not far behind at 13.39%.

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%

SNXFX

1D
-0.44%
1M
-7.77%
YTD
-6.94%
6M
-4.75%
1Y
14.35%
3Y*
16.93%
5Y*
10.55%
10Y*
13.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

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%.

SNXFX
Schwab 1000 Index Fund
SWPPX
Schwab S&P 500 Index Fund

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: 4646
Overall Rank
SWPPX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 4545
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 5050
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 4242
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 5353
Martin Ratio Rank
SNXFX
SNXFX Risk / Return Rank: 4444
Overall Rank
SNXFX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SNXFX Sortino Ratio Rank: 4343
Sortino Ratio Rank
SNXFX Omega Ratio Rank: 4747
Omega Ratio Rank
SNXFX Calmar Ratio Rank: 3939
Calmar Ratio Rank
SNXFX Martin Ratio Rank: 5151
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.

SWPPXSNXFXDifference

Sharpe ratio

Return per unit of total volatility

0.84

0.82

+0.02

Sortino ratio

Return per unit of downside risk

1.30

1.27

+0.03

Omega ratio

Gain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.06

1.02

+0.03

Martin ratio

Return relative to average drawdown

5.14

4.97

+0.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWPPX vs. SNXFX - Sharpe Ratio Comparison

The current SWPPX Sharpe Ratio is 0.84, which is comparable to the SNXFX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of SWPPX and SNXFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SWPPXSNXFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.82

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.61

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.72

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.55

-0.07

Correlation

The correlation between SWPPX and SNXFX is 1.00, 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. SNXFX - Dividend Comparison

SWPPX's dividend yield for the trailing twelve months is around 1.19%, less than SNXFX's 1.56% yield.

TTM20252024202320222021202020192018201720162015
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%
SNXFX
Schwab 1000 Index Fund		1.56%1.45%1.23%1.41%1.61%1.74%2.76%3.01%6.49%4.23%3.41%6.31%

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

-12.10%

-12.33%

+0.23%

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

-8.89%

-8.94%

+0.05%

Average Drawdown

Average peak-to-trough decline

-10.00%

-8.80%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.54%

-0.05%

Volatility

SWPPX vs. SNXFX - Volatility Comparison

Schwab S&P 500 Index Fund (SWPPX) and Schwab 1000 Index Fund (SNXFX) have volatilities of 4.29% and 4.35%, 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

4.29%

4.35%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.11%

9.32%

-0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

18.40%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

17.28%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

18.69%

-0.50%