ZM vs. SWPPX

Last updated Jun 23, 2026

ZM (Zoom Video Communications, Inc.) is a stock, while SWPPX (Schwab S&P 500 Index Fund) is Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 5 years, ZM returned -25.88%/yr vs 14.08%/yr for SWPPX. At a 0.39 correlation, their price movements are largely independent.

Performance

ZM vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zoom Video Communications, Inc. (ZM) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZM achieves a -2.26% return, which is significantly lower than SWPPX's 10.15% return.

ZM

• 1D: -2.34%
• 1M: -20.16%
• YTD: -2.26%
• 6M: -6.28%
• 1Y: 8.14%
• 3Y*: 8.18%
• 5Y*: -25.88%
• 10Y*: —

SWPPX

• 1D: 1.10%
• 1M: 0.47%
• YTD: 10.15%
• 6M: 9.65%
• 1Y: 27.14%
• 3Y*: 20.95%
• 5Y*: 14.08%
• 10Y*: 15.55%

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

ZM vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZM Zoom Video Communications, Inc.	-2.26%	5.73%	13.49%	6.16%	-63.17%	-45.48%	395.77%	4.68%
SWPPX Schwab S&P 500 Index Fund	10.15%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	12.94%

Correlation

The correlation between ZM and SWPPX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.39

The correlation between ZM and SWPPX shifts across timeframes, from 0.31 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ZM vs. SWPPX — Risk / Return Rank

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

ZM

ZM Risk / Return Rank: 49
ZM Sharpe Ratio Rank: 50
ZM Sortino Ratio Rank: 47
ZM Omega Ratio Rank: 45
ZM Calmar Ratio Rank: 50
ZM Martin Ratio Rank: 52

SWPPX

SWPPX Risk / Return Rank: 66
SWPPX Sharpe Ratio Rank: 64
SWPPX Sortino Ratio Rank: 58
SWPPX Omega Ratio Rank: 60
SWPPX Calmar Ratio Rank: 68
SWPPX Martin Ratio Rank: 79

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.

ZM vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zoom Video Communications, Inc. (ZM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ZM	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	0.19	2.16	-1.97
Sortino ratio: Return per unit of downside risk	0.62	2.91	-2.29
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.32
Calmar ratio: Return relative to maximum drawdown	0.33	3.04	-2.71
Martin ratio: Return relative to average drawdown	0.88	13.71	-12.83

ZM vs. SWPPX - Sharpe Ratio Comparison

The current ZM Sharpe Ratio is 0.19, which is lower than the SWPPX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of ZM 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.

Drawdowns

ZM vs. SWPPX - Drawdown Comparison

The maximum ZM drawdown since its inception was -90.27%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for ZM and SWPPX.

Drawdown Indicators

	ZM	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-90.27%	-55.06%	-35.21%
Max Drawdown (1Y) Largest decline over 1 year	-24.62%	-8.89%	-15.73%
Max Drawdown (3Y) Largest decline over 3 years	-25.45%	-18.74%	-6.71%
Max Drawdown (5Y) Largest decline over 5 years	-86.21%	-24.51%	-61.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.80%	—
Current Drawdown Current decline from peak	-85.16%	-1.38%	-83.78%
Average Drawdown Average peak-to-trough decline	-62.90%	-9.93%	-52.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.27%	1.97%	+7.30%

Volatility

ZM vs. SWPPX - Volatility Comparison

Zoom Video Communications, Inc. (ZM) has a higher volatility of 17.89% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.83%. This indicates that ZM'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.

Volatility by Period

	ZM	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.89%	4.83%	+13.06%
Volatility (6M) Calculated over the trailing 6-month period	34.83%	9.94%	+24.89%
Volatility (1Y) Calculated over the trailing 1-year period	42.14%	12.50%	+29.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.45%	17.03%	+27.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.48%	18.27%	+36.21%

Dividends

ZM vs. SWPPX - Dividend Comparison

ZM has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWPPX Schwab S&P 500 Index Fund	1.01%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%
ZM Zoom Video Communications, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZM and SWPPX in my portfolio?

ZM and SWPPX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZM or SWPPX?

ZM has higher volatility (17.89%) compared to SWPPX (4.83%). In terms of maximum drawdown, ZM dropped -90.27% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.16 vs 0.19), 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.