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Schwab Value Advantage Money Fund (SWVXX) Alternatives

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

The Schwab Value Advantage Money Fund seeks to provide the highest current income consistent with stability of capital and liquidity by investing in high-quality, short-term money market instruments issued by U.S. and foreign entities.

Schwab Value Advantage Money Fund (SWVXX) belongs to the Money Market category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SWVXX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other Mutual Funds from Charles Schwab

The 10 most viewed Charles Schwab mutual funds shown here include SWPPX, SWTSX, SWLGX and span 7 categories. AUM among these funds goes as high as $145B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SWPPX
Schwab S&P 500 Index FundLarge Cap Blend Equities, S&P 500
73
11.69%
145.00BMay 1997SWVXX vs SWPPX
SWTSX
Schwab Total Stock Market Index FundLarge Cap Blend Equities
71
12.02%
43.45BJun 1999SWVXX vs SWTSX
SWLGX
Schwab U.S. Large-Cap Growth Index FundLarge Cap Growth Equities
32
8.61%
5.10BDec 2017SWVXX vs SWLGX
SWISX
Schwab International Index FundForeign Large Cap Equities
26
9.54%
14.43BMay 1997SWVXX vs SWISX
SWAGX
Schwab U.S. Aggregate Bond Index FundTotal Bond Market
21
0.38%
8.21B—SWVXX vs SWAGX
SNXFX
Schwab 1000 Index FundLarge Cap Blend Equities
70
11.89%
22.44BApr 1991SWVXX vs SNXFX
SWLSX
Schwab Large-Cap Growth Fund™Large Cap Growth Equities
35
11.17%
628.62MOct 2005SWVXX vs SWLSX
SWSSX
Schwab Small-Cap Index Fund-Select SharesSmall Cap Blend Equities
64
18.71%
7.51BMay 1997SWVXX vs SWSSX
SFLNX
Schwab Fundamental US Large Company Index FundLarge Cap Value Equities
92
14.66%
12.67BApr 2007SWVXX vs SFLNX
SFNNX
Schwab Fundamental International Large Company Ind...Foreign Large Cap Equities
86
21.53%
5.14BApr 2007SWVXX vs SFNNX

Often Compared With SWVXX

Investors most often compare SWVXX with SGOV, VMFXX, SNSXX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SGOV
iShares 0-3 Month Treasury Bond ETFUltrashort Bond
100
1.51%
91.90BMay 2020SWVXX vs SGOV
VMFXX
Vanguard Federal Money Market FundMoney Market—
1.50%
0.00Jul 1981SWVXX vs VMFXX
SNSXX
Schwab U.S. Treasury Money FundMoney Market—
1.40%
—Jan 2018SWVXX vs SNSXX
SPAXX
Fidelity Government Money Market FundMoney Market—
1.37%
437.41BFeb 1990SWVXX vs SPAXX
SHV
iShares 0-1 Year Treasury Bond ETFGovernment Bonds, Ultrashort Bond
100
1.42%
20.73BJan 2007SWVXX vs SHV
BIL
SPDR Bloomberg 1-3 Month T-Bill ETFGovernment Bonds, Ultrashort Bond
100
1.49%
45.99BMay 2007SWVXX vs BIL
SCHI
Schwab 5-10 Year Corporate Bond ETFCorporate Bonds
41
0.19%
11.45BOct 2019SWVXX vs SCHI
VMRXX
Vanguard Cash Reserves Federal Money Market Fund A...Money Market—
1.50%
0.00Oct 1989SWVXX vs VMRXX
SPY
State Street SPDR S&P 500 ETFS&P 500
70
10.91%
781.00BJan 1993SWVXX vs SPY
VBIL
Vanguard 0-3 Month Treasury Bill ETFUltrashort Bond
100
1.50%
7.30BFeb 2025SWVXX vs VBIL
VIG
Vanguard Dividend Appreciation ETFDividend
56
7.57%
124.70BApr 2006SWVXX vs VIG
SWJRX
Schwab Monthly Income Fund - Moderate PayoutDiversified Portfolio
68
6.49%
—Mar 2008SWVXX vs SWJRX
BRASX
BlackRock Allocation Target Shares Series S Portfo...Short-Term Bond
69
0.79%
—Sep 2004SWVXX vs BRASX
PMMF
iShares Prime Money Market ETFMoney Market
100
1.52%
572.61MFeb 2025SWVXX vs PMMF
SWDSX
Schwab Dividend Equity Fund™Large Cap Value Equities
33
7.10%
—Sep 2003SWVXX vs SWDSX
SMH
VanEck Semiconductor ETFSemiconductors, Technology Equities
96
77.13%
67.82BDec 2011SWVXX vs SMH
SWCGX
Schwab MarketTrack Conservative Portfolio™Diversified Portfolio
71
5.33%
—Nov 1995SWVXX vs SWCGX
SGVT
Schwab Government Money Market ETFMoney Market—
1.41%
711.37MJun 2025SWVXX vs SGVT
SWYHX
Schwab Target 2045 Index FundTarget Retirement Date
69
11.33%
1.22BAug 2016SWVXX vs SWYHX
SWKRX
Schwab Monthly Income Fund - Enhanced PayoutDiversified Portfolio
70
6.55%
—Mar 2008SWVXX vs SWKRX

Compare SWVXX with Any Fund or Stock

Compare SWVXX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair SWVXX with funds that move differently

Schwab Value Advantage Money Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SWVXX.

Explore SWVXX Diversifiers