VFPIX vs. SWSSX

Last updated Jun 4, 2026

VFPIX (Private Capital Management Value Fund) and SWSSX (Schwab Small-Cap Index Fund-Select Shares) are both Small Cap Blend Equities funds. Over the past 10 years, VFPIX returned 11.62%/yr vs 11.20%/yr for SWSSX. Their correlation of 0.87 suggests significant overlap in exposure. VFPIX charges 1.20%/yr vs 0.04%/yr for SWSSX.

Performance

VFPIX vs. SWSSX - Performance Comparison

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

Returns By Period

In the year-to-date period, VFPIX achieves a 0.86% return, which is significantly lower than SWSSX's 18.71% return. Both investments have delivered pretty close results over the past 10 years, with VFPIX having a 11.62% annualized return and SWSSX not far behind at 11.20%.

VFPIX

• 1D: -0.90%
• 1M: -1.79%
• YTD: 0.86%
• 6M: 1.91%
• 1Y: 11.09%
• 3Y*: 12.02%
• 5Y*: 8.73%
• 10Y*: 11.62%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFPIX vs. SWSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFPIX Private Capital Management Value Fund	0.86%	-0.05%	31.32%	7.12%	-1.18%	36.37%	14.00%	16.86%	-9.40%	15.51%
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%

Correlation

The correlation between VFPIX and SWSSX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010	0.87

The correlation between VFPIX and SWSSX shifts across timeframes, from 0.77 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VFPIX vs. SWSSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFPIX

VFPIX Risk / Return Rank: 9
VFPIX Sharpe Ratio Rank: 9
VFPIX Sortino Ratio Rank: 9
VFPIX Omega Ratio Rank: 8
VFPIX Calmar Ratio Rank: 9
VFPIX Martin Ratio Rank: 9

SWSSX

SWSSX Risk / Return Rank: 64
SWSSX Sharpe Ratio Rank: 60
SWSSX Sortino Ratio Rank: 55
SWSSX Omega Ratio Rank: 47
SWSSX Calmar Ratio Rank: 84
SWSSX Martin Ratio Rank: 74

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.

VFPIX vs. SWSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Private Capital Management Value Fund (VFPIX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.

	VFPIX	SWSSX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.28	-1.57
Sortino ratio: Return per unit of downside risk	1.09	3.13	-2.04
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	0.93	3.97	-3.05
Martin ratio: Return relative to average drawdown	2.46	14.11	-11.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFPIX vs. SWSSX - Sharpe Ratio Comparison

The current VFPIX Sharpe Ratio is 0.71, which is lower than the SWSSX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of VFPIX and SWSSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VFPIX	SWSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	2.28	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.30	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.47	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.36	+0.15

Drawdowns

VFPIX vs. SWSSX - Drawdown Comparison

The maximum VFPIX drawdown since its inception was -52.37%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for VFPIX and SWSSX.

Drawdown Indicators

	VFPIX	SWSSX	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-60.34%	+7.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-11.00%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-22.75%	-27.50%	+4.75%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-31.93%	+9.18%
Max Drawdown (10Y) Largest decline over 10 years	-52.37%	-41.81%	-10.56%
Current Drawdown Current decline from peak	-3.47%	-0.13%	-3.34%
Average Drawdown Average peak-to-trough decline	-7.88%	-10.73%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.09%	+2.03%

Volatility

VFPIX vs. SWSSX - Volatility Comparison

The current volatility for Private Capital Management Value Fund (VFPIX) is 4.00%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 5.61%. This indicates that VFPIX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFPIX	SWSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	5.61%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	13.60%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	19.15%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	22.59%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	24.09%	-0.97%

VFPIX vs. SWSSX - Expense Ratio Comparison

VFPIX has a 1.20% expense ratio, which is higher than SWSSX's 0.04% expense ratio.

Dividends

VFPIX vs. SWSSX - Dividend Comparison

VFPIX's dividend yield for the trailing twelve months is around 2.12%, more than SWSSX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VFPIX Private Capital Management Value Fund	2.12%	2.14%	8.91%	0.64%	3.39%	13.37%	12.63%	20.74%	20.32%	1.30%	1.42%	6.95%

Frequently Asked Questions

Can I hold both VFPIX and SWSSX in my portfolio?

VFPIX and SWSSX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFPIX or SWSSX?

SWSSX has higher volatility (5.61%) compared to VFPIX (4.00%). In terms of maximum drawdown, VFPIX dropped -52.37% vs SWSSX's -60.34%.

Which has better risk-adjusted returns?

SWSSX currently has the higher Sharpe Ratio (2.28 vs 0.71), 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.