SWSS vs. VSMAX

Last updated Apr 1, 2026

Compare and contrast key facts about Springwater Special Situations Corp. (SWSS) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).

VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.

Performance

SWSS vs. VSMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Springwater Special Situations Corp. (SWSS) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). The values are adjusted to include any dividend payments, if applicable.

SWSS vs. VSMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SWSS Springwater Special Situations Corp.	0.00%	2.93%	-1.47%	4.15%	3.74%	0.36%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	-1.21%	8.83%	14.23%	18.17%	-17.61%	1.03%

Returns By Period

SWSS

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 2.93%
• 3Y*: 1.77%
• 5Y*: —
• 10Y*: —

VSMAX

• 1D: -0.98%
• 1M: -8.09%
• YTD: -1.21%
• 6M: 0.58%
• 1Y: 16.07%
• 3Y*: 11.85%
• 5Y*: 5.02%
• 10Y*: 10.15%

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

Return for Risk

SWSS vs. VSMAX — Risk / Return Rank

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

VSMAX

VSMAX Risk / Return Rank: 37
VSMAX Sharpe Ratio Rank: 35
VSMAX Sortino Ratio Rank: 38
VSMAX Omega Ratio Rank: 34
VSMAX Calmar Ratio Rank: 37
VSMAX Martin Ratio Rank: 41

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.

SWSS vs. VSMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Springwater Special Situations Corp. (SWSS) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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.

	SWSS	VSMAX	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.75	+0.26
Sortino ratio Return per unit of downside risk	—	1.19	—
Omega ratio Gain probability vs. loss probability	—	1.16	—
Calmar ratio Return relative to maximum drawdown	—	0.97	—
Martin ratio Return relative to average drawdown	—	4.20	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWSS vs. VSMAX - Sharpe Ratio Comparison

The current SWSS Sharpe Ratio is 1.00, which is higher than the VSMAX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of SWSS and VSMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWSS	VSMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.75	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.37	-0.15

Correlation

The correlation between SWSS and VSMAX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SWSS vs. VSMAX - Dividend Comparison

SWSS has not paid dividends to shareholders, while VSMAX's dividend yield for the trailing twelve months is around 1.38%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWSS Springwater Special Situations Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	1.38%	1.33%	1.30%	1.56%	1.54%	1.24%	1.14%	1.39%	1.67%	1.35%	1.49%	1.48%

Drawdowns

SWSS vs. VSMAX - Drawdown Comparison

The maximum SWSS drawdown since its inception was -15.18%, smaller than the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for SWSS and VSMAX.

Drawdown Indicators

	SWSS	VSMAX	Difference
Max Drawdown Largest peak-to-trough decline	-15.18%	-59.68%	+44.50%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-14.30%	+14.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.82%	—
Current Drawdown Current decline from peak	-9.25%	-8.97%	-0.28%
Average Drawdown Average peak-to-trough decline	-4.93%	-9.75%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	3.30%	-3.30%

Volatility

SWSS vs. VSMAX - Volatility Comparison

The current volatility for Springwater Special Situations Corp. (SWSS) is 0.00%, while Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a volatility of 5.91%. This indicates that SWSS experiences smaller price fluctuations and is considered to be less risky than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWSS	VSMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.91%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	12.22%	-12.22%
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	21.62%	-18.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.72%	20.69%	-10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.72%	21.52%	-11.80%