SWSSX vs. SWPPX
Compare and contrast key facts about Schwab Small-Cap Index Fund-Select Shares (SWSSX) and Schwab S&P 500 Index Fund (SWPPX).
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. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWSSX or SWPPX.
Key characteristics
| SWSSX | SWPPX | |
|---|---|---|
| YTD Return | 19.41% | 26.88% |
| 1Y Return | 42.37% | 37.54% |
| 3Y Return (Ann) | 1.23% | 10.22% |
| 5Y Return (Ann) | 10.09% | 15.93% |
| 10Y Return (Ann) | 8.91% | 13.39% |
| Sharpe Ratio | 1.96 | 3.03 |
| Sortino Ratio | 2.82 | 4.03 |
| Omega Ratio | 1.34 | 1.57 |
| Calmar Ratio | 1.51 | 4.42 |
| Martin Ratio | 11.31 | 19.97 |
| Ulcer Index | 3.75% | 1.87% |
| Daily Std Dev | 21.60% | 12.34% |
| Max Drawdown | -61.52% | -55.06% |
| Current Drawdown | -1.75% | -0.29% |
Correlation
The correlation between SWSSX and SWPPX is 0.84, 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. SWPPX - Performance Comparison
In the year-to-date period, SWSSX achieves a 19.41% return, which is significantly lower than SWPPX's 26.88% return. Over the past 10 years, SWSSX has underperformed SWPPX with an annualized return of 8.91%, while SWPPX has yielded a comparatively higher 13.39% 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. SWPPX - Expense Ratio Comparison
SWSSX has a 0.04% expense ratio, which is higher than SWPPX's 0.02% expense ratio. However, 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. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Small-Cap Index Fund-Select Shares (SWSSX) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
SWSSX's dividend yield for the trailing twelve months is around 1.25%, more than SWPPX's 1.13% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
SWSSX vs. SWPPX - Drawdown Comparison
The maximum SWSSX drawdown since its inception was -61.52%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWSSX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
SWSSX vs. SWPPX - Volatility Comparison
Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a higher volatility of 7.42% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.85%. This indicates that SWSSX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.