SWPPX vs. SWMCX
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Schwab U.S. Mid-Cap Index Fund (SWMCX).
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. SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017.
Performance
SWPPX vs. SWMCX - Performance Comparison
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SWPPX vs. SWMCX - 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% | -0.24% |
SWMCX Schwab U.S. Mid-Cap Index Fund | -1.32% | 10.54% | 15.28% | 17.20% | -17.31% | 22.55% | 17.03% | 30.46% | -9.16% | 0.40% |
Returns By Period
In the year-to-date period, SWPPX achieves a -7.07% return, which is significantly lower than SWMCX's -1.32% 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%
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
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SWPPX vs. SWMCX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than SWMCX's 0.04% 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. SWMCX — Risk / Return Rank
SWPPX
SWMCX
SWPPX vs. SWMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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 | SWMCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.72 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.12 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.86 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.14 | 4.04 | +1.10 |
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 | SWMCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.72 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.37 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.45 | +0.03 |
Correlation
The correlation between SWPPX and SWMCX is 0.90, 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. SWMCX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.19%, less than SWMCX's 2.15% 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% |
SWMCX Schwab U.S. Mid-Cap Index Fund | 2.15% | 2.13% | 2.60% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWPPX vs. SWMCX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for SWPPX and SWMCX.
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Drawdown Indicators
| SWPPX | SWMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -40.34% | -14.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -13.43% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -26.09% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -8.89% | -8.15% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -6.75% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.87% | -0.38% |
Volatility
SWPPX vs. SWMCX - Volatility Comparison
The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 4.29%, while Schwab U.S. Mid-Cap Index Fund (SWMCX) has a volatility of 4.80%. This indicates that SWPPX experiences smaller price fluctuations and is considered to be less risky than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | SWMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.80% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 10.19% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 18.96% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 18.23% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 20.76% | -2.57% |