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SWTSX vs. ITOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWTSX vs. ITOT

Last updated Jun 4, 2026

SWTSX (Schwab Total Stock Market Index Fund) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - SWTSX tracks the Dow Jones U.S. Total Stock Market Index while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past 10 years, SWTSX returned 15.07%/yr vs 15.01%/yr for ITOT. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

SWTSX vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Total Stock Market Index Fund (SWTSX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWTSX achieves a 12.02% return, which is significantly higher than ITOT's 11.25% return. Both investments have delivered pretty close results over the past 10 years, with SWTSX having a 15.07% annualized return and ITOT not far behind at 15.01%.

SWTSX

1D
0.22%
1M
5.76%
YTD
12.02%
6M
11.94%
1Y
29.06%
3Y*
22.36%
5Y*
13.04%
10Y*
15.07%

ITOT

1D
-0.73%
1M
5.01%
YTD
11.25%
6M
11.12%
1Y
28.12%
3Y*
22.09%
5Y*
12.69%
10Y*
15.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWTSX vs. ITOT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWTSX
Schwab Total Stock Market Index Fund		12.02%17.04%23.84%26.05%-19.54%25.65%20.71%30.90%-5.35%21.08%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		11.25%17.00%23.80%26.12%-19.47%25.68%20.71%30.67%-5.33%21.37%

Correlation

The correlation between SWTSX and ITOT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

1.00

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

0.99

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

1.00

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2004

0.99

The correlation between SWTSX and ITOT has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

SWTSX vs. ITOT - Sectors Allocation Comparison

Sectors
SWTSX
ITOT

Technology

33.8%
33.8%

Financial Services

12.1%
12.1%

Communication Services

10.3%
10.3%

Consumer Cyclical

10.1%
10.1%

Industrials

9.6%
9.5%

Healthcare

9.1%
9.0%

Consumer Defensive

4.7%
4.7%

Energy

3.7%
3.7%

Real Estate

2.4%
2.4%

Utilities

2.3%
2.3%

Basic Materials

2.1%
2.1%

Technology

SWTSX
33.8%
ITOT
33.8%

Financial Services

SWTSX
12.1%
ITOT
12.1%

Communication Services

SWTSX
10.3%
ITOT
10.3%

Consumer Cyclical

SWTSX
10.1%
ITOT
10.1%

Industrials

SWTSX
9.6%
ITOT
9.5%

Healthcare

SWTSX
9.1%
ITOT
9.0%

Consumer Defensive

SWTSX
4.7%
ITOT
4.7%

Energy

SWTSX
3.7%
ITOT
3.7%

Real Estate

SWTSX
2.4%
ITOT
2.4%

Utilities

SWTSX
2.3%
ITOT
2.3%

Basic Materials

SWTSX
2.1%
ITOT
2.1%

Compare stocks, funds, or ETFs

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

Schwab Total Stock Market Index Fund

iShares Core S&P Total U.S. Stock Market ETF

Often compared with SWTSX:
SWTSX vs. SWPPXSWTSX vs. VTSAXSWTSX vs. SCHBSWTSX vs. VTISWTSX vs. SWISXSWTSX vs. SWLGXSWTSX vs. SCHD
Often compared with ITOT:
ITOT vs. VTIITOT vs. VOOITOT vs. SCHBITOT vs. SPYITOT vs. FSKAXITOT vs. IVVITOT vs. IXUS

Return for Risk

SWTSX vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWTSX
SWTSX Risk / Return Rank: 7171
Overall Rank
SWTSX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SWTSX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SWTSX Omega Ratio Rank: 6363
Omega Ratio Rank
SWTSX Calmar Ratio Rank: 7575
Calmar Ratio Rank
SWTSX Martin Ratio Rank: 8282
Martin Ratio Rank
ITOT
ITOT Risk / Return Rank: 6868
Overall Rank
ITOT Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
ITOT Sortino Ratio Rank: 6868
Sortino Ratio Rank
ITOT Omega Ratio Rank: 6767
Omega Ratio Rank
ITOT Calmar Ratio Rank: 6363
Calmar Ratio Rank
ITOT Martin Ratio Rank: 7575
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.

SWTSX vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Total Stock Market Index Fund (SWTSX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

SWTSXITOTDifference
Sharpe ratioReturn per unit of total volatility
2.45
2.32

+0.13

Sortino ratioReturn per unit of downside risk
3.33
3.17

+0.16

Omega ratioGain probability vs. loss probability

1.44

1.42

+0.03

Calmar ratioReturn relative to maximum drawdown

3.38

3.17

+0.21

Martin ratioReturn relative to average drawdown

15.52

14.57

+0.95

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

SWTSX vs. ITOT - Sharpe Ratio Comparison

The current SWTSX Sharpe Ratio is 2.45, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SWTSX and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWTSXITOTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.45

2.32

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.74

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.82

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.57

-0.14

Drawdowns

SWTSX vs. ITOT - Drawdown Comparison

The maximum SWTSX drawdown since its inception was -54.60%, roughly equal to the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SWTSX and ITOT.

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Drawdown Indicators

SWTSXITOTDifference

Max Drawdown

Largest peak-to-trough decline

-54.60%

-55.20%

+0.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.88%

-8.90%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.43%

-19.44%

+0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-25.40%

-25.36%

-0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-35.01%

-35.00%

-0.01%

Current Drawdown

Current decline from peak

0.00%

-0.73%

+0.73%

Average Drawdown

Average peak-to-trough decline

-10.57%

-6.97%

-3.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.94%

-0.01%

Volatility

SWTSX vs. ITOT - Volatility Comparison

Schwab Total Stock Market Index Fund (SWTSX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) have volatilities of 2.96% and 2.99%, 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.

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Volatility by Period

SWTSXITOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.99%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

9.13%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

12.20%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

17.36%

+0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.61%

18.26%

+0.35%

SWTSX vs. ITOT - Expense Ratio Comparison

Both SWTSX and ITOT have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SWTSX vs. ITOT - Dividend Comparison

SWTSX's dividend yield for the trailing twelve months is around 0.98%, which matches ITOT's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
ITOT
iShares Core S&P Total U.S. Stock Market ETF		0.98%1.11%1.23%1.47%1.66%1.18%1.41%1.88%2.14%1.69%1.83%2.01%
SWTSX
Schwab Total Stock Market Index Fund		0.98%1.10%1.24%1.41%1.62%1.46%1.63%1.92%2.58%1.83%2.32%2.79%

Frequently Asked Questions

With a correlation of 1.00, SWTSX and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ITOT has higher volatility (2.99%) compared to SWTSX (2.96%). In terms of maximum drawdown, SWTSX dropped -54.60% vs ITOT's -55.20%.

SWTSX currently has the higher Sharpe Ratio (2.45 vs 2.32), 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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