PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SWSSX vs. SNXFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWSSX vs. SNXFX

Last updated Jun 4, 2026

SWSSX (Schwab Small-Cap Index Fund-Select Shares) and SNXFX (Schwab 1000 Index Fund) are both mutual funds - SWSSX is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index. Both are passively managed. Over the past 10 years, SWSSX returned 11.20%/yr vs 15.29%/yr for SNXFX. Their correlation of 0.87 suggests significant overlap in exposure. SWSSX charges 0.04%/yr vs 0.05%/yr for SNXFX.

Performance

SWSSX vs. SNXFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Small-Cap Index Fund-Select Shares (SWSSX) and Schwab 1000 Index Fund (SNXFX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SWSSX achieves a 18.71% return, which is significantly higher than SNXFX's 11.89% return. Over the past 10 years, SWSSX has underperformed SNXFX with an annualized return of 11.20%, while SNXFX has yielded a comparatively higher 15.29% annualized return.

SWSSX

1D
0.92%
1M
5.00%
YTD
18.71%
6M
17.43%
1Y
41.24%
3Y*
18.69%
5Y*
6.65%
10Y*
11.20%

SNXFX

1D
0.25%
1M
5.85%
YTD
11.89%
6M
11.81%
1Y
28.65%
3Y*
22.58%
5Y*
13.51%
10Y*
15.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWSSX vs. SNXFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWSSX
Schwab Small-Cap Index Fund-Select Shares		18.71%12.88%11.57%17.07%-20.43%14.77%20.12%25.63%-11.19%14.76%
SNXFX
Schwab 1000 Index Fund		11.89%17.23%24.46%26.53%-19.46%26.10%20.71%31.43%-5.04%21.71%

Correlation

The correlation between SWSSX and SNXFX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jan 5, 1998

0.87

The correlation between SWSSX and SNXFX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

SWSSX vs. SNXFX - Sectors Allocation Comparison

Sectors
SWSSX
SNXFX

Industrials

17.7%
9.4%

Technology

17.0%
34.6%

Healthcare

16.5%
8.7%

Financial Services

15.8%
11.9%

Consumer Cyclical

8.4%
10.1%

Real Estate

6.1%
2.2%

Energy

6.1%
3.6%

Basic Materials

4.8%
2.0%

Utilities

2.9%
2.3%

Communication Services

2.4%
10.6%

Consumer Defensive

2.4%
4.7%

Industrials

SWSSX
17.7%
SNXFX
9.4%

Technology

SWSSX
17.0%
SNXFX
34.6%

Healthcare

SWSSX
16.5%
SNXFX
8.7%

Financial Services

SWSSX
15.8%
SNXFX
11.9%

Consumer Cyclical

SWSSX
8.4%
SNXFX
10.1%

Real Estate

SWSSX
6.1%
SNXFX
2.2%

Energy

SWSSX
6.1%
SNXFX
3.6%

Basic Materials

SWSSX
4.8%
SNXFX
2.0%

Utilities

SWSSX
2.9%
SNXFX
2.3%

Communication Services

SWSSX
2.4%
SNXFX
10.6%

Consumer Defensive

SWSSX
2.4%
SNXFX
4.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Small-Cap Index Fund-Select Shares

Schwab 1000 Index Fund

Often compared with SWSSX:
SWSSX vs. SCHASWSSX vs. SWPPXSWSSX vs. SFSNXSWSSX vs. SWSCXSWSSX vs. VSMAXSWSSX vs. VSIAXSWSSX vs. VBR
Often compared with SNXFX:
SNXFX vs. SWPPXSNXFX vs. SWTSXSNXFX vs. VOOSNXFX vs. FSKAXSNXFX vs. SWAGXSNXFX vs. FEMKXSNXFX vs. FLCPX

Return for Risk

SWSSX vs. SNXFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWSSX
SWSSX Risk / Return Rank: 6464
Overall Rank
SWSSX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SWSSX Sortino Ratio Rank: 5555
Sortino Ratio Rank
SWSSX Omega Ratio Rank: 4747
Omega Ratio Rank
SWSSX Calmar Ratio Rank: 8484
Calmar Ratio Rank
SWSSX Martin Ratio Rank: 7474
Martin Ratio Rank
SNXFX
SNXFX Risk / Return Rank: 7070
Overall Rank
SNXFX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SNXFX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SNXFX Omega Ratio Rank: 6262
Omega Ratio Rank
SNXFX Calmar Ratio Rank: 7373
Calmar Ratio Rank
SNXFX Martin Ratio Rank: 8181
Martin Ratio Rank
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.

SWSSX vs. SNXFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Index Fund-Select Shares (SWSSX) and Schwab 1000 Index Fund (SNXFX). 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.

SWSSXSNXFXDifference
Sharpe ratioReturn per unit of total volatility
2.28
2.44

-0.16

Sortino ratioReturn per unit of downside risk
3.13
3.32

-0.18

Omega ratioGain probability vs. loss probability

1.37

1.44

-0.07

Calmar ratioReturn relative to maximum drawdown

3.97

3.31

+0.66

Martin ratioReturn relative to average drawdown

14.11

15.28

-1.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWSSX vs. SNXFX - Sharpe Ratio Comparison

The current SWSSX Sharpe Ratio is 2.28, which is comparable to the SNXFX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of SWSSX and SNXFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SWSSXSNXFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

2.44

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.78

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.82

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.58

-0.22

Drawdowns

SWSSX vs. SNXFX - Drawdown Comparison

The maximum SWSSX drawdown since its inception was -60.34%, which is greater than SNXFX's maximum drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for SWSSX and SNXFX.

Loading charts...

Drawdown Indicators

SWSSXSNXFXDifference

Max Drawdown

Largest peak-to-trough decline

-60.34%

-55.08%

-5.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.00%

-8.94%

-2.06%

Max Drawdown (3Y)

Largest decline over 3 years

-27.50%

-19.21%

-8.29%

Max Drawdown (5Y)

Largest decline over 5 years

-31.93%

-25.36%

-6.57%

Max Drawdown (10Y)

Largest decline over 10 years

-41.81%

-34.58%

-7.23%

Current Drawdown

Current decline from peak

-0.13%

0.00%

-0.13%

Average Drawdown

Average peak-to-trough decline

-10.73%

-8.76%

-1.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

1.93%

+1.16%

Volatility

SWSSX vs. SNXFX - Volatility Comparison

Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a higher volatility of 5.61% compared to Schwab 1000 Index Fund (SNXFX) at 2.87%. This indicates that SWSSX's price experiences larger fluctuations and is considered to be riskier than SNXFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SWSSXSNXFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.61%

2.87%

+2.74%

Volatility (6M)

Calculated over the trailing 6-month period

13.60%

9.13%

+4.47%

Volatility (1Y)

Calculated over the trailing 1-year period

19.15%

12.12%

+7.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

17.31%

+5.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.09%

18.73%

+5.36%

SWSSX vs. SNXFX - Expense Ratio Comparison

SWSSX has a 0.04% expense ratio, which is lower than SNXFX's 0.05% 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%.

Dividends

SWSSX vs. SNXFX - Dividend Comparison

SWSSX's dividend yield for the trailing twelve months is around 1.08%, less than SNXFX's 1.30% yield.

PositionTTM20252024202320222021202020192018201720162015
SNXFX
Schwab 1000 Index Fund		1.30%1.45%1.23%1.41%1.61%1.74%2.76%3.01%6.49%4.23%3.41%6.31%
SWSSX
Schwab Small-Cap Index Fund-Select Shares		1.08%1.29%1.66%1.49%1.32%8.88%2.55%6.12%10.45%5.22%4.10%6.92%

Frequently Asked Questions

SWSSX and SNXFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWSSX has higher volatility (5.61%) compared to SNXFX (2.87%). In terms of maximum drawdown, SWSSX dropped -60.34% vs SNXFX's -55.08%.

SNXFX currently has the higher Sharpe Ratio (2.44 vs 2.28), 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.

Portfolio Optimizer

Find the right allocation for SWSSX and SNXFX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer