SWSCX vs. QQQ
Compare and contrast key facts about Schwab Small-Cap Equity Fund™ (SWSCX) and Invesco QQQ (QQQ).
SWSCX is managed by Charles Schwab. It was launched on Jul 1, 2003. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWSCX or QQQ.
Key characteristics
| SWSCX | QQQ | |
|---|---|---|
| YTD Return | 10.78% | 15.46% |
| 1Y Return | 23.95% | 28.15% |
| 3Y Return (Ann) | 6.32% | 8.77% |
| 5Y Return (Ann) | 10.86% | 20.70% |
| 10Y Return (Ann) | 8.45% | 17.75% |
| Sharpe Ratio | 1.13 | 1.58 |
| Daily Std Dev | 20.88% | 17.69% |
| Max Drawdown | -63.30% | -82.98% |
| Current Drawdown | -2.63% | -6.27% |
Correlation
The correlation between SWSCX and QQQ is 0.76, 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.
Performance
SWSCX vs. QQQ - Performance Comparison
In the year-to-date period, SWSCX achieves a 10.78% return, which is significantly lower than QQQ's 15.46% return. Over the past 10 years, SWSCX has underperformed QQQ with an annualized return of 8.45%, while QQQ has yielded a comparatively higher 17.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWSCX vs. QQQ - Expense Ratio Comparison
SWSCX has a 1.08% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SWSCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Equity Fund™ (SWSCX) and Invesco QQQ (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.
Dividends
SWSCX vs. QQQ - Dividend Comparison
SWSCX's dividend yield for the trailing twelve months is around 0.33%, less than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWSCX Schwab Small-Cap Equity Fund™ | 0.33% | 0.36% | 10.14% | 12.07% | 0.19% | 0.11% | 26.16% | 14.46% | 0.41% | 14.47% | 21.79% | 10.16% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
SWSCX vs. QQQ - Drawdown Comparison
The maximum SWSCX drawdown since its inception was -63.30%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SWSCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SWSCX vs. QQQ - Volatility Comparison
Schwab Small-Cap Equity Fund™ (SWSCX) has a higher volatility of 6.30% compared to Invesco QQQ (QQQ) at 5.90%. This indicates that SWSCX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.