SWSSX vs. IJR
Compare and contrast key facts about Schwab Small-Cap Index Fund-Select Shares (SWSSX) and iShares Core S&P Small-Cap ETF (IJR).
SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both SWSSX and IJR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWSSX or IJR.
Key characteristics
| SWSSX | IJR | |
|---|---|---|
| YTD Return | 19.41% | 16.12% |
| 1Y Return | 42.37% | 37.85% |
| 3Y Return (Ann) | 1.23% | 2.91% |
| 5Y Return (Ann) | 10.09% | 10.78% |
| 10Y Return (Ann) | 8.91% | 9.93% |
| Sharpe Ratio | 1.96 | 1.84 |
| Sortino Ratio | 2.82 | 2.71 |
| Omega Ratio | 1.34 | 1.32 |
| Calmar Ratio | 1.51 | 1.76 |
| Martin Ratio | 11.31 | 10.75 |
| Ulcer Index | 3.75% | 3.52% |
| Daily Std Dev | 21.60% | 20.62% |
| Max Drawdown | -61.52% | -58.15% |
| Current Drawdown | -1.75% | -1.54% |
Correlation
The correlation between SWSSX and IJR is 0.97, 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
SWSSX vs. IJR - Performance Comparison
In the year-to-date period, SWSSX achieves a 19.41% return, which is significantly higher than IJR's 16.12% return. Over the past 10 years, SWSSX has underperformed IJR with an annualized return of 8.91%, while IJR has yielded a comparatively higher 9.93% 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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SWSSX vs. IJR - Expense Ratio Comparison
SWSSX has a 0.04% expense ratio, which is lower than IJR's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SWSSX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Index Fund-Select Shares (SWSSX) and iShares Core S&P Small-Cap ETF (IJR). 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
SWSSX vs. IJR - Dividend Comparison
SWSSX's dividend yield for the trailing twelve months is around 1.25%, more than IJR's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.25% | 1.49% | 1.32% | 1.17% | 1.12% | 1.43% | 1.61% | 1.26% | 1.39% | 1.50% | 1.28% | 1.11% |
IJR iShares Core S&P Small-Cap ETF | 1.21% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SWSSX vs. IJR - Drawdown Comparison
The maximum SWSSX drawdown since its inception was -61.52%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SWSSX and IJR. For additional features, visit the drawdowns tool.
Volatility
SWSSX vs. IJR - Volatility Comparison
Schwab Small-Cap Index Fund-Select Shares (SWSSX) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 7.42% and 7.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.