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Data for SWVXX Before Mid-2021

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BradleyJanuary 09, 26 | Posted in Enhancement Requests
The Schwab Value Advantage Money Fund (SWVXX) seems to only have data starting in mid-2021 even though its inception date is listed as August 26, 1993. Is it possible add more SWVXX data going back at least 10 years if not to the inception date?
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Dmitry ShevchenkoJanuary 14, 26

There's unfortunately a long-standing data availability issue with money market funds across financial data providers. We've tried multiple data providers over time, all of them either didn't have data for US money market funds at all, or had incomplete data. I don't know what the root cause of this is. We raised several tickets with different providers asking to improve data coverage, but it still hasn’t improved much.

To overcome this limitation somehow, we came up with a synthetic index - CASHX(https://portfolioslab.com/symbol/^CASHX). It's based on the Federal Reserve data and tracks daily returns based on the Federal Funds Rate with comprehensive historical data going back decades. It's specifically designed to represent cash equivalent and money market fund performance, making it ideal for portfolio analysis or optimisation where you'd typically use SWVXX or similar money market funds.

If you prefer an actual traded security, the iShares Ultra Short-Term Bond ETF (ICSH) has a history back to 2013 or any other similar ETF. Money market ETFs have slightly better coverage than funds. But for most portfolio analysis purposes, ^CASHX should give you more accurate results as a cash proxy.


B
Bradley

2mo ago

Thanks for the tip on ^CASHX. I wasn't aware of that. I had considered ICSH as a proxy, but ^CASHX looks like a better fit.


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