AIBAX vs. SWSBX
Compare and contrast key facts about American Funds Intermediate Bond Fund of America (AIBAX) and Schwab Short-Term Bond Index Fund (SWSBX).
AIBAX is managed by American Funds. It was launched on Feb 19, 1988. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
AIBAX vs. SWSBX - Performance Comparison
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AIBAX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | -0.59% | 6.83% | 2.91% | 4.09% | -8.02% | -0.89% | 7.36% | 4.40% | 0.92% | 0.36% |
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, AIBAX achieves a -0.59% return, which is significantly lower than SWSBX's -0.27% return.
AIBAX
- 1D
- 0.32%
- 1M
- -1.72%
- YTD
- -0.59%
- 6M
- 0.60%
- 1Y
- 3.58%
- 3Y*
- 3.58%
- 5Y*
- 0.96%
- 10Y*
- 1.65%
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
- —
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AIBAX vs. SWSBX - Expense Ratio Comparison
AIBAX has a 0.63% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
AIBAX vs. SWSBX — Risk / Return Rank
AIBAX
SWSBX
AIBAX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) and Schwab Short-Term Bond Index Fund (SWSBX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AIBAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.71 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.83 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.79 | -0.76 |
Martin ratioReturn relative to average drawdown | 6.87 | 10.25 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.71 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.42 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.76 | +0.50 |
Correlation
The correlation between AIBAX and SWSBX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AIBAX vs. SWSBX - Dividend Comparison
AIBAX's dividend yield for the trailing twelve months is around 3.54%, less than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | 3.54% | 3.87% | 4.00% | 3.01% | 1.63% | 0.91% | 3.25% | 2.59% | 1.66% | 1.21% | 1.72% | 1.85% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
AIBAX vs. SWSBX - Drawdown Comparison
The maximum AIBAX drawdown since its inception was -11.42%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for AIBAX and SWSBX.
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Drawdown Indicators
| AIBAX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.42% | -9.06% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -1.54% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -11.33% | -9.06% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -11.42% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -1.23% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -1.81% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.42% | +0.22% |
Volatility
AIBAX vs. SWSBX - Volatility Comparison
American Funds Intermediate Bond Fund of America (AIBAX) has a higher volatility of 1.07% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that AIBAX's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBAX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.73% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 1.49% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 2.40% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 2.95% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.27% | 2.47% | +0.80% |