PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Schwab Short-Term Bond Index Fund (SWSBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The Schwab Short-Term Bond Index Fund (SWSBX) aims to closely follow the performance, before expenses and fees, of the Bloomberg US Government/Credit 1-5 Year Index. The index comprises U.S. investment-grade bonds such as U.S. Treasury bonds, government-related bonds, and corporate bonds with maturities ranging between 1-5 years. The index is a benchmark that measures the performance of U.S. dollar-denominated bonds with a maturity of at least one year and less than five years. The fund will invest at least 90% of its net assets in securities that are part of the index.

Looking to diversify beyond SWSBX? The mutual funds below have the lowest correlation with SWSBX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SWSBX.

Best Diversifiers for SWSBX

11 mutual funds have low correlation with SWSBX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio-0.020.020.39
66
Short-Term BondSWSBX vs DFCFX
LCCMX
Leader Short Term High Yield Bond Fund0.120.160.19
75
Short-Term BondSWSBX vs LCCMX
PTSHX
PIMCO Short Term Fund0.18-0.00-0.02
99
Ultrashort BondSWSBX vs PTSHX
SFLNX
Schwab Fundamental US Large Company Index Fund0.180.140.10
92
Large Cap Value EquitiesSWSBX vs SFLNX
SWSSX
Schwab Small-Cap Index Fund-Select Shares0.180.150.12
64
Small Cap Blend EquitiesSWSBX vs SWSSX
See all 115 diversifiers for SWSBX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements SWSBX

Add SWSBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SWSBX