SWSSX vs. SWAGX
SWSSX (Schwab Small-Cap Index Fund-Select Shares) and SWAGX (Schwab U.S. Aggregate Bond Index Fund) are both mutual funds - SWSSX is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, SWSSX returned 7.82%/yr vs -0.70%/yr for SWAGX. Their 0.01 correlation means their historical movements had little consistent relationship. Both charge a 0.04% expense ratio.
Performance
SWSSX vs. SWAGX - Performance Comparison
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Returns By Period
In the year-to-date period, SWSSX achieves a 20.94% return, which is significantly higher than SWAGX's -0.84% return.
SWSSX
- 1D
- 1.73%
- 1M
- -0.41%
- 6M
- 13.29%
- YTD
- 20.94%
- 1Y
- 36.49%
- 3Y*
- 16.70%
- 5Y*
- 7.82%
- 10Y*
- 10.76%
- ALL TIME*
- 8.61%
SWAGX
- 1D
- 0.11%
- 1M
- -1.35%
- 6M
- -0.96%
- YTD
- -0.84%
- 1Y
- 1.54%
- 3Y*
- 3.86%
- 5Y*
- -0.70%
- 10Y*
- —
- ALL TIME*
- 1.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWSSX vs. SWAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWSSX Schwab Small-Cap Index Fund-Select Shares | 20.94% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 10.81% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | -0.84% | 7.11% | 1.38% | 5.46% | -13.62% | -2.29% | 7.39% | 8.64% | -0.11% | 2.62% |
Correlation
The correlation between SWSSX and SWAGX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.01 |
Over the past year, SWSSX and SWAGX have become more correlated (0.36) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
SWSSX vs. SWAGX — Risk / Return Rank
SWSSX
SWAGX
SWSSX vs. SWAGX - 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 U.S. Aggregate Bond Index Fund (SWAGX). 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.
| SWSSX | SWAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 0.54 | +3.05 |
| Martin ratioReturn relative to average drawdown | 12.75 | 1.33 | +11.42 |
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Drawdowns
SWSSX vs. SWAGX - Drawdown Comparison
The maximum SWSSX drawdown since its inception was -60.34%, which is greater than SWAGX's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for SWSSX and SWAGX.
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Drawdown Indicators
| SWSSX | SWAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -19.68% | -40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -3.05% | -7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -5.01% | -22.49% |
Max Drawdown (5Y)Largest decline over 5 years | -31.93% | -18.59% | -13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.81% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -4.57% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -5.65% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 1.25% | +1.85% |
Volatility
SWSSX vs. SWAGX - Volatility Comparison
Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a higher volatility of 4.22% compared to Schwab U.S. Aggregate Bond Index Fund (SWAGX) at 1.02%. This indicates that SWSSX's price experiences larger fluctuations and is considered to be riskier than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSSX | SWAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 1.02% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 3.04% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 3.81% | +15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 6.09% | +16.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 5.09% | +18.99% |
SWSSX vs. SWAGX - Expense Ratio Comparison
Both SWSSX and SWAGX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWSSX vs. SWAGX - Dividend Comparison
SWSSX's dividend yield for the trailing twelve months is around 1.06%, less than SWAGX's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWAGX Schwab U.S. Aggregate Bond Index Fund | 3.88% | 4.02% | 3.88% | 3.22% | 1.93% | 1.56% | 2.47% | 2.87% | 2.80% | 1.98% | 0.00% | 0.00% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.06% | 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 SWAGX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWSSX has higher volatility (4.22%) compared to SWAGX (1.02%). In terms of maximum drawdown, SWSSX dropped -60.34% vs SWAGX's -19.68%.
SWSSX currently has the higher Sharpe Ratio (2.05 vs 0.44), 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.
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