- ISIN
- US8085156052
- Issuer
- Charles Schwab
- Inception Date
- Apr 30, 1992
- Category
- Money Market
- Min. Investment
- $0
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $248B
Share Price Chart
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Performance
SWVXX Performance Chart
Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is up 1.5% since the beginning of the year. SWVXX is currently trading at $1 per share. Investors who bought $1,000 worth of SWVXX shares 5 years ago would now be looking at an investment worth $1,167.
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Returns By Period
Schwab Prime Advantage Money Fund Investor Shares (SWVXX) has returned 1.45% so far this year and 3.85% over the past 12 months.
Schwab Prime Advantage Money Fund Investor Shares
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.45%
- 6M
- 1.77%
- 1Y
- 3.85%
- 3Y*
- 4.56%
- 5Y*
- 3.14%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SWVXX Monthly Returns History
Based on dividend-adjusted daily data since May 25, 2021, SWVXX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Dec 2023 with a return of +0.7%, while the worst month was May 2021 at 0.0%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 0 months.
On a daily basis, SWVXX closed higher 3% of trading days. The best single day was Dec 29, 2023 with a return of +0.7%, while the worst single day was May 25, 2021 at 0.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.27% | 0.29% | 0.29% | 0.29% | 0.00% | 1.45% | ||||||
| 2025 | 0.37% | 0.32% | 0.33% | 0.34% | 0.36% | 0.33% | 0.35% | 0.36% | 0.33% | 0.36% | 0.29% | 0.32% | 4.15% |
| 2024 | 0.22% | 0.43% | 0.44% | 0.41% | 0.43% | 0.47% | 0.39% | 0.44% | 0.45% | 0.59% | 0.40% | 0.37% | 5.16% |
| 2023 | 0.18% | 0.35% | 0.34% | 0.42% | 0.37% | 0.42% | 0.44% | 0.41% | 0.47% | 0.42% | 0.43% | 0.68% | 5.04% |
| 2022 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2021 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Benchmark Metrics
Schwab Prime Advantage Money Fund Investor Shares has an annualized alpha of 3.17%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This fund captured 6.21% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.70%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.17%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 6.21%
- Downside Capture
- -6.70%
Expense Ratio
SWVXX has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and compare them to S&P 500 Index.
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.
| SWVXX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Schwab Prime Advantage Money Fund Investor Shares provided a 3.77% dividend yield over the last twelve months, with an annual payout of $0.04 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.05 | $0.05 |
Dividend yield | 3.77% | 4.06% | 5.02% | 4.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Prime Advantage Money Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.05 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Prime Advantage Money Fund Investor Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|
Drawdown Indicators
| SWVXX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -56.78% | +56.78% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -9.10% | +9.10% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -18.90% | +18.90% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -25.43% | +25.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.49% | +2.49% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -10.72% | +10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.03% | -2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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