SWSCX vs. VIGIX

Last updated Jun 24, 2026

SWSCX (Schwab Small-Cap Equity Fund™) and VIGIX (Vanguard Growth Index Fund Institutional Shares) are both mutual funds - SWSCX is a Small Cap Blend Equities fund managed by Charles Schwab, while VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, SWSCX returned 11.36%/yr vs 18.28%/yr for VIGIX. Their correlation of 0.80 suggests significant overlap in exposure. SWSCX charges 1.08%/yr vs 0.04%/yr for VIGIX.

Performance

SWSCX vs. VIGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Small-Cap Equity Fund™ (SWSCX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWSCX achieves a 23.77% return, which is significantly higher than VIGIX's 5.75% return. Over the past 10 years, SWSCX has underperformed VIGIX with an annualized return of 11.36%, while VIGIX has yielded a comparatively higher 18.28% annualized return.

SWSCX

• 1D: 1.03%
• 1M: 6.54%
• YTD: 23.77%
• 6M: 21.12%
• 1Y: 36.39%
• 3Y*: 17.88%
• 5Y*: 9.29%
• 10Y*: 11.36%

VIGIX

• 1D: -1.35%
• 1M: -1.90%
• YTD: 5.75%
• 6M: 4.44%
• 1Y: 22.60%
• 3Y*: 23.62%
• 5Y*: 13.39%
• 10Y*: 18.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWSCX vs. VIGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWSCX Schwab Small-Cap Equity Fund™	23.77%	5.66%	9.89%	19.90%	-14.12%	29.29%	7.63%	17.89%	-12.47%	10.04%
VIGIX Vanguard Growth Index Fund Institutional Shares	5.75%	19.44%	32.68%	46.77%	-33.13%	27.27%	40.19%	37.26%	-3.34%	27.81%

Correlation

The correlation between SWSCX and VIGIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003	0.80

The correlation between SWSCX and VIGIX shifts across timeframes, from 0.64 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWSCX vs. VIGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWSCX

SWSCX Risk / Return Rank: 46
SWSCX Sharpe Ratio Rank: 43
SWSCX Sortino Ratio Rank: 35
SWSCX Omega Ratio Rank: 42
SWSCX Calmar Ratio Rank: 67
SWSCX Martin Ratio Rank: 41

VIGIX

VIGIX Risk / Return Rank: 24
VIGIX Sharpe Ratio Rank: 28
VIGIX Sortino Ratio Rank: 26
VIGIX Omega Ratio Rank: 27
VIGIX Calmar Ratio Rank: 18
VIGIX Martin Ratio Rank: 22

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.

SWSCX vs. VIGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Equity Fund™ (SWSCX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SWSCX	VIGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.43	+0.36
Sortino ratio: Return per unit of downside risk	2.29	1.97	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	3.00	1.46	+1.55
Martin ratio: Return relative to average drawdown	8.31	5.01	+3.30

SWSCX vs. VIGIX - Sharpe Ratio Comparison

The current SWSCX Sharpe Ratio is 1.79, which is comparable to the VIGIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of SWSCX and VIGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWSCX vs. VIGIX - Drawdown Comparison

The maximum SWSCX drawdown since its inception was -63.30%, which is greater than VIGIX's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for SWSCX and VIGIX.

Drawdown Indicators

	SWSCX	VIGIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.30%	-56.95%	-6.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-16.51%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-23.03%	-4.32%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-35.62%	+8.27%
Max Drawdown (10Y) Largest decline over 10 years	-49.32%	-35.62%	-13.70%
Current Drawdown Current decline from peak	0.00%	-4.85%	+4.85%
Average Drawdown Average peak-to-trough decline	-10.58%	-16.25%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	4.80%	-0.21%

Volatility

SWSCX vs. VIGIX - Volatility Comparison

The current volatility for Schwab Small-Cap Equity Fund™ (SWSCX) is 6.21%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 6.58%. This indicates that SWSCX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWSCX	VIGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	6.58%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	13.37%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	21.47%	16.89%	+4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	22.49%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	21.67%	+1.97%

SWSCX vs. VIGIX - Expense Ratio Comparison

SWSCX has a 1.08% expense ratio, which is higher than VIGIX's 0.04% expense ratio.

Dividends

SWSCX vs. VIGIX - Dividend Comparison

SWSCX has not paid dividends to shareholders, while VIGIX's dividend yield for the trailing twelve months is around 0.39%.

Position	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%
VIGIX Vanguard Growth Index Fund Institutional Shares	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.15%	1.40%	1.31%

Frequently Asked Questions

Can I hold both SWSCX and VIGIX in my portfolio?

SWSCX and VIGIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWSCX or VIGIX?

VIGIX has higher volatility (6.58%) compared to SWSCX (6.21%). In terms of maximum drawdown, SWSCX dropped -63.30% vs VIGIX's -56.95%.

Which has better risk-adjusted returns?

SWSCX currently has the higher Sharpe Ratio (1.79 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.