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Schwab Tax-Free Bond Fund™ (SWNTX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US8085174030

CUSIP

808517403

Inception Date

Sep 10, 1992

Min. Investment

$0

Asset Class

Bond

Expense Ratio

SWNTX has an expense ratio of 0.48%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

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


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Schwab Tax-Free Bond Fund™, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


200.00%400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%December2025FebruaryMarchAprilMay
239.17%
1,248.95%
SWNTX (Schwab Tax-Free Bond Fund™)
Benchmark (^GSPC)

Returns By Period

Schwab Tax-Free Bond Fund™ (SWNTX) returned -1.25% year-to-date (YTD) and 0.52% over the past 12 months. Over the past 10 years, SWNTX returned 1.44% annually, underperforming the S&P 500 benchmark at 10.45%.


SWNTX

YTD

-1.25%

1M

2.49%

6M

-1.21%

1Y

0.52%

5Y*

0.75%

10Y*

1.44%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of SWNTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.30%1.03%-1.63%-0.93%-0.00%-1.25%
2024-0.10%0.10%0.09%-0.90%-0.25%1.38%0.75%0.76%1.01%-1.33%1.39%-1.06%1.81%
20232.53%-1.92%1.83%-0.04%-0.75%0.83%0.25%-0.83%-2.30%-0.96%4.91%2.22%5.66%
2022-2.61%-0.61%-2.77%-2.66%1.45%-1.35%2.48%-2.20%-3.25%-0.64%3.97%0.17%-8.02%
20210.54%-1.56%0.56%0.72%0.29%0.22%0.80%-0.36%-0.84%-0.28%0.72%-0.35%0.42%
20201.60%1.16%-3.33%-1.93%3.02%1.01%1.57%-0.25%-0.09%-0.18%1.31%0.25%4.07%
20190.72%0.47%1.23%0.29%1.31%0.46%0.77%1.35%-0.80%0.10%0.19%0.02%6.27%
2018-1.01%-0.22%0.29%-0.41%0.90%0.12%0.19%0.11%-0.57%-0.50%1.01%0.99%0.88%
20170.53%0.64%0.21%0.71%1.32%-0.30%0.61%0.79%-0.48%0.10%-0.57%0.80%4.43%
20161.10%0.18%0.18%0.52%0.00%1.26%0.09%0.17%-0.46%-0.83%-3.50%0.10%-1.26%
20151.70%-0.97%0.18%-0.40%-0.24%-0.07%0.62%0.09%0.69%0.27%0.26%0.03%2.16%
20141.40%0.88%-0.32%1.06%1.13%-0.05%0.11%1.12%0.11%0.69%0.01%-0.73%5.53%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SWNTX is 28, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SWNTX is 2828
Overall Rank
The Sharpe Ratio Rank of SWNTX is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of SWNTX is 2525
Sortino Ratio Rank
The Omega Ratio Rank of SWNTX is 2727
Omega Ratio Rank
The Calmar Ratio Rank of SWNTX is 3030
Calmar Ratio Rank
The Martin Ratio Rank of SWNTX is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Schwab Tax-Free Bond Fund™ (SWNTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Schwab Tax-Free Bond Fund™ Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.11
  • 5-Year: 0.23
  • 10-Year: 0.41
  • All Time: 1.06

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Schwab Tax-Free Bond Fund™ compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.11
0.44
SWNTX (Schwab Tax-Free Bond Fund™)
Benchmark (^GSPC)

Dividends

Dividend History

Schwab Tax-Free Bond Fund™ provided a 3.27% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.


2.00%2.50%3.00%3.50%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.35$0.38$0.34$0.25$0.20$0.24$0.28$0.28$0.27$0.26$0.26$0.27

Dividend yield

3.27%3.44%3.06%2.33%1.67%1.97%2.31%2.42%2.34%2.24%2.22%2.30%

Monthly Dividends

The table displays the monthly dividend distributions for Schwab Tax-Free Bond Fund™. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.00$0.00$0.10
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2023$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.03$0.03$0.25
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.24
2019$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2018$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.28
2017$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.27
2016$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2015$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.27

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-3.38%
-7.88%
SWNTX (Schwab Tax-Free Bond Fund™)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Schwab Tax-Free Bond Fund™. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Schwab Tax-Free Bond Fund™ was 12.93%, occurring on Oct 25, 2022. The portfolio has not yet recovered.

The current Schwab Tax-Free Bond Fund™ drawdown is 3.38%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.93%Aug 6, 2021308Oct 25, 2022
-12.49%Feb 1, 1994211Nov 22, 199497Apr 6, 1995308
-10.64%Mar 10, 20209Mar 20, 202096Aug 6, 2020105
-9.73%Feb 1, 1999192Oct 26, 1999212Aug 25, 2000404
-7.74%Sep 12, 200825Oct 16, 200861Jan 14, 200986

Volatility

Volatility Chart

The current Schwab Tax-Free Bond Fund™ volatility is 2.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
2.52%
6.82%
SWNTX (Schwab Tax-Free Bond Fund™)
Benchmark (^GSPC)