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VTI vs. SWPPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTI vs. SWPPX

Last updated Jun 9, 2026

VTI (Vanguard Total Stock Market ETF) and SWPPX (Schwab S&P 500 Index Fund) are both Large Cap Blend Equities funds - VTI tracks the CRSP US Total Market Index while SWPPX tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, VTI returned 14.84%/yr vs 15.22%/yr for SWPPX. With a 0.99 correlation, they move nearly in lockstep. VTI charges 0.03%/yr vs 0.02%/yr for SWPPX.

Performance

VTI vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market ETF (VTI) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VTI achieves a 9.05% return, which is significantly higher than SWPPX's 8.38% return. Both investments have delivered pretty close results over the past 10 years, with VTI having a 14.84% annualized return and SWPPX not far ahead at 15.22%.

VTI

1D
0.30%
1M
0.44%
YTD
9.05%
6M
8.94%
1Y
24.96%
3Y*
21.05%
5Y*
12.25%
10Y*
14.84%

SWPPX

1D
-2.66%
1M
-0.11%
YTD
8.38%
6M
8.46%
1Y
24.49%
3Y*
21.49%
5Y*
13.37%
10Y*
15.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTI vs. SWPPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTI
Vanguard Total Stock Market ETF		9.05%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-5.23%21.21%
SWPPX
Schwab S&P 500 Index Fund		8.38%17.87%24.96%26.26%-18.14%28.67%18.38%31.46%-4.47%21.81%

Correlation

The correlation between VTI and SWPPX is 0.99 - 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

0.99

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

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 1, 2001

0.99

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

VTI vs. SWPPX - Sectors Allocation Comparison

Sectors
VTI
SWPPX

Technology

33.5%
35.6%

Financial Services

12.0%
11.8%

Communication Services

10.3%
11.2%

Consumer Cyclical

10.0%
10.1%

Industrials

9.8%
8.3%

Healthcare

9.2%
8.5%

Consumer Defensive

4.7%
4.9%

Energy

3.7%
3.5%

Real Estate

2.4%
1.9%

Utilities

2.3%
2.4%

Basic Materials

2.0%
1.8%

Technology

VTI
33.5%
SWPPX
35.6%

Financial Services

VTI
12.0%
SWPPX
11.8%

Communication Services

VTI
10.3%
SWPPX
11.2%

Consumer Cyclical

VTI
10.0%
SWPPX
10.1%

Industrials

VTI
9.8%
SWPPX
8.3%

Healthcare

VTI
9.2%
SWPPX
8.5%

Consumer Defensive

VTI
4.7%
SWPPX
4.9%

Energy

VTI
3.7%
SWPPX
3.5%

Real Estate

VTI
2.4%
SWPPX
1.9%

Utilities

VTI
2.3%
SWPPX
2.4%

Basic Materials

VTI
2.0%
SWPPX
1.8%

Compare stocks, funds, or ETFs

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

Vanguard Total Stock Market ETF

Schwab S&P 500 Index Fund

Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ
Often compared with SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. SNXFXSWPPX vs. QQQ

Return for Risk

VTI vs. SWPPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTI
VTI Risk / Return Rank: 6868
Overall Rank
VTI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6666
Sortino Ratio Rank
VTI Omega Ratio Rank: 6868
Omega Ratio Rank
VTI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VTI Martin Ratio Rank: 7575
Martin Ratio Rank
SWPPX
SWPPX Risk / Return Rank: 5959
Overall Rank
SWPPX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 4949
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 5353
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 6262
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 7474
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.

VTI vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.

VTISWPPXDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.12

-0.10

Sortino ratioReturn per unit of downside risk
2.73
2.86

-0.13

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.02

Calmar ratioReturn relative to maximum drawdown

2.81

2.92

-0.10

Martin ratioReturn relative to average drawdown

12.85

13.53

-0.69

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

VTI vs. SWPPX - Sharpe Ratio Comparison

The current VTI Sharpe Ratio is 2.02, which is comparable to the SWPPX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of VTI and SWPPX, 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

VTISWPPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

2.12

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.79

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.84

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.51

0.00

Drawdowns

VTI vs. SWPPX - Drawdown Comparison

The maximum VTI drawdown since its inception was -55.45%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for VTI and SWPPX.

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Drawdown Indicators

VTISWPPXDifference

Max Drawdown

Largest peak-to-trough decline

-55.45%

-55.06%

-0.39%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-8.89%

-0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-19.30%

-18.74%

-0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-24.51%

-0.85%

Max Drawdown (10Y)

Largest decline over 10 years

-35.00%

-33.80%

-1.20%

Current Drawdown

Current decline from peak

-2.64%

-2.96%

+0.32%

Average Drawdown

Average peak-to-trough decline

-8.02%

-9.94%

+1.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.91%

+0.04%

Volatility

VTI vs. SWPPX - Volatility Comparison

Vanguard Total Stock Market ETF (VTI) and Schwab S&P 500 Index Fund (SWPPX) have volatilities of 3.88% and 3.84%, 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

VTISWPPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.88%

3.84%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

9.43%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

12.21%

+0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

16.97%

+0.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.33%

18.24%

+0.09%

VTI vs. SWPPX - Expense Ratio Comparison

VTI has a 0.03% 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%.

Dividends

VTI vs. SWPPX - Dividend Comparison

VTI's dividend yield for the trailing twelve months is around 1.03%, which matches SWPPX's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
SWPPX
Schwab S&P 500 Index Fund		1.02%1.11%1.23%1.43%1.67%1.27%1.81%1.95%2.67%1.79%2.55%3.17%
VTI
Vanguard Total Stock Market ETF		1.03%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

With a correlation of 0.99, VTI and SWPPX 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.

VTI has higher volatility (3.88%) compared to SWPPX (3.84%). In terms of maximum drawdown, VTI dropped -55.45% vs SWPPX's -55.06%.

SWPPX currently has the higher Sharpe Ratio (2.12 vs 2.02), 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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