SWSCX vs. XMHQ
Compare and contrast key facts about Schwab Small-Cap Equity Fund™ (SWSCX) and Invesco S&P MidCap Quality ETF (XMHQ).
SWSCX is managed by Charles Schwab. It was launched on Jul 1, 2003. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWSCX or XMHQ.
Key characteristics
| SWSCX | XMHQ | |
|---|---|---|
| YTD Return | 9.53% | 18.35% |
| 1Y Return | 21.75% | 29.04% |
| 3Y Return (Ann) | 5.93% | 11.91% |
| 5Y Return (Ann) | 10.50% | 17.08% |
| 10Y Return (Ann) | 8.33% | 12.06% |
| Sharpe Ratio | 0.97 | 1.46 |
| Daily Std Dev | 20.91% | 18.67% |
| Max Drawdown | -63.30% | -58.19% |
| Current Drawdown | -3.73% | -4.78% |
Correlation
The correlation between SWSCX and XMHQ is 0.80, 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. XMHQ - Performance Comparison
In the year-to-date period, SWSCX achieves a 9.53% return, which is significantly lower than XMHQ's 18.35% return. Over the past 10 years, SWSCX has underperformed XMHQ with an annualized return of 8.33%, while XMHQ has yielded a comparatively higher 12.06% 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. XMHQ - Expense Ratio Comparison
SWSCX has a 1.08% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
SWSCX vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Equity Fund™ (SWSCX) and Invesco S&P MidCap Quality ETF (XMHQ). 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. XMHQ - Dividend Comparison
SWSCX's dividend yield for the trailing twelve months is around 0.33%, less than XMHQ's 5.08% 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% |
XMHQ Invesco S&P MidCap Quality ETF | 5.08% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
Drawdowns
SWSCX vs. XMHQ - Drawdown Comparison
The maximum SWSCX drawdown since its inception was -63.30%, which is greater than XMHQ's maximum drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for SWSCX and XMHQ. For additional features, visit the drawdowns tool.
Volatility
SWSCX vs. XMHQ - Volatility Comparison
Schwab Small-Cap Equity Fund™ (SWSCX) has a higher volatility of 6.44% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 5.79%. This indicates that SWSCX's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.