SWSCX vs. SPY
Compare and contrast key facts about Schwab Small-Cap Equity Fund™ (SWSCX) and State Street SPDR S&P 500 ETF (SPY).
SWSCX is managed by Charles Schwab. It was launched on Jul 1, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWSCX vs. SPY - Performance Comparison
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SWSCX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWSCX Schwab Small-Cap Equity Fund™ | -2.00% | 5.66% | 9.89% | 19.90% | -14.12% | 29.29% | 7.63% | 17.89% | -12.47% | 10.04% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWSCX achieves a -2.00% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SWSCX has underperformed SPY with an annualized return of 8.64%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWSCX
- 1D
- -1.37%
- 1M
- -7.92%
- YTD
- -2.00%
- 6M
- -6.07%
- 1Y
- 14.06%
- 3Y*
- 9.87%
- 5Y*
- 5.45%
- 10Y*
- 8.64%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWSCX vs. SPY - Expense Ratio Comparison
SWSCX has a 1.08% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SWSCX vs. SPY — Risk / Return Rank
SWSCX
SPY
SWSCX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Equity Fund™ (SWSCX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SWSCX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.93 | -0.35 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.45 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.53 | -0.75 |
Martin ratioReturn relative to average drawdown | 2.20 | 7.30 | -5.10 |
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
| SWSCX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.93 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.69 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.17 |
Correlation
The correlation between SWSCX and SPY is 0.85, 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
SWSCX vs. SPY - Dividend Comparison
SWSCX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWSCX Schwab Small-Cap Equity Fund™ | 0.00% | 0.00% | 14.10% | 0.36% | 10.14% | 12.07% | 0.19% | 0.11% | 26.16% | 14.46% | 0.41% | 14.47% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWSCX vs. SPY - Drawdown Comparison
The maximum SWSCX drawdown since its inception was -63.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWSCX and SPY.
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Drawdown Indicators
| SWSCX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.30% | -55.19% | -8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -12.05% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -24.50% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -49.32% | -33.72% | -15.60% |
Current DrawdownCurrent decline from peak | -12.75% | -6.24% | -6.51% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -9.09% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 2.52% | +2.44% |
Volatility
SWSCX vs. SPY - Volatility Comparison
Schwab Small-Cap Equity Fund™ (SWSCX) has a higher volatility of 6.53% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SWSCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSCX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.31% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 9.47% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 19.05% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 17.06% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.53% | 17.92% | +5.61% |