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SWPPX vs. SWISX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SWPPX vs. SWISX

Last updated Apr 1, 2026

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

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. SWISX is a passively managed fund by Charles Schwab that tracks the performance of the MSCI EAFE Index. It was launched on May 19, 1997. Both SWPPX and SWISX 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. SWISX - Performance Comparison

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

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SWPPX vs. SWISX - 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%
SWISX
Schwab International Index Fund		-1.95%31.59%3.54%18.13%-14.30%11.25%8.14%21.87%-13.38%25.32%

Returns By Period

In the year-to-date period, SWPPX achieves a -7.07% return, which is significantly lower than SWISX's -1.95% return. Over the past 10 years, SWPPX has outperformed SWISX with an annualized return of 13.71%, while SWISX has yielded a comparatively lower 8.51% 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%

SWISX

1D
0.32%
1M
-10.91%
YTD
-1.95%
6M
2.32%
1Y
19.51%
3Y*
13.26%
5Y*
7.79%
10Y*
8.51%
*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 International Index Fund

Often compared with SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. SNXFXSWPPX vs. QQQ
Often compared with SWISX:
SWISX vs. SCHFSWISX vs. VXUSSWISX vs. SWTSXSWISX vs. VTIAXSWISX vs. FTIHXSWISX vs. SFNNXSWISX vs. SCHE

SWPPX vs. SWISX - Expense Ratio Comparison

SWPPX has a 0.02% expense ratio, which is lower than SWISX's 0.06% 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%.

SWISX
Schwab International Index Fund
SWPPX
Schwab S&P 500 Index Fund

Return for Risk

SWPPX vs. SWISX — 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
SWISX
SWISX Risk / Return Rank: 6262
Overall Rank
SWISX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SWISX Sortino Ratio Rank: 6060
Sortino Ratio Rank
SWISX Omega Ratio Rank: 5757
Omega Ratio Rank
SWISX Calmar Ratio Rank: 6767
Calmar Ratio Rank
SWISX Martin Ratio Rank: 6262
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. SWISX - Risk-Adjusted Trends Comparison

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

SWPPXSWISXDifference

Sharpe ratio

Return per unit of total volatility

0.84

1.08

-0.25

Sortino ratio

Return per unit of downside risk

1.30

1.52

-0.22

Omega ratio

Gain probability vs. loss probability

1.20

1.22

-0.02

Calmar ratio

Return relative to maximum drawdown

1.06

1.51

-0.46

Martin ratio

Return relative to average drawdown

5.14

5.81

-0.68

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. SWISX - Sharpe Ratio Comparison

The current SWPPX Sharpe Ratio is 0.84, which is comparable to the SWISX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SWPPX and SWISX, 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

SWPPXSWISXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

1.08

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.49

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.51

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.29

+0.19

Correlation

The correlation between SWPPX and SWISX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SWPPX vs. SWISX - Dividend Comparison

SWPPX's dividend yield for the trailing twelve months is around 1.19%, less than SWISX's 3.62% 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%
SWISX
Schwab International Index Fund		3.62%3.55%3.29%3.31%2.73%3.34%1.88%3.09%3.15%2.71%3.19%2.71%

Drawdowns

SWPPX vs. SWISX - Drawdown Comparison

The maximum SWPPX drawdown since its inception was -55.06%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for SWPPX and SWISX.

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Drawdown Indicators

SWPPXSWISXDifference

Max Drawdown

Largest peak-to-trough decline

-55.06%

-60.65%

+5.59%

Max Drawdown (1Y)

Largest decline over 1 year

-12.10%

-11.39%

-0.71%

Max Drawdown (5Y)

Largest decline over 5 years

-24.51%

-29.42%

+4.91%

Max Drawdown (10Y)

Largest decline over 10 years

-33.80%

-33.83%

+0.03%

Current Drawdown

Current decline from peak

-8.89%

-10.91%

+2.02%

Average Drawdown

Average peak-to-trough decline

-10.00%

-14.88%

+4.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.97%

-0.48%

Volatility

SWPPX vs. SWISX - Volatility Comparison

The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 4.29%, while Schwab International Index Fund (SWISX) has a volatility of 7.16%. This indicates that SWPPX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWPPXSWISXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.29%

7.16%

-2.87%

Volatility (6M)

Calculated over the trailing 6-month period

9.11%

10.88%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

17.01%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

16.06%

+0.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

16.79%

+1.40%