TECB vs. SWPPX
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Schwab S&P 500 Index Fund (SWPPX).
TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECB or SWPPX.
Performance
TECB vs. SWPPX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with TECB having a 24.66% return and SWPPX slightly lower at 24.51%.
TECB
24.66%
2.46%
10.77%
36.80%
N/A
N/A
SWPPX
24.51%
0.57%
11.39%
31.99%
15.29%
13.10%
Key characteristics
| TECB | SWPPX | |
|---|---|---|
| Sharpe Ratio | 2.17 | 2.61 |
| Sortino Ratio | 2.84 | 3.49 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 3.03 | 3.80 |
| Martin Ratio | 11.95 | 17.12 |
| Ulcer Index | 3.11% | 1.88% |
| Daily Std Dev | 17.12% | 12.31% |
| Max Drawdown | -41.62% | -55.06% |
| Current Drawdown | -3.23% | -2.15% |
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TECB vs. SWPPX - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Correlation
The correlation between TECB and SWPPX is 0.87, 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.
Risk-Adjusted Performance
TECB vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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
TECB vs. SWPPX - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, less than SWPPX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.15% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
TECB vs. SWPPX - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TECB and SWPPX. For additional features, visit the drawdowns tool.
Volatility
TECB vs. SWPPX - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) has a higher volatility of 5.35% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.05%. This indicates that TECB'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.