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APCB vs. SWAGX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APCB vs. SWAGX

Last updated Jun 23, 2026

APCB (ActivePassive Core Bond ETF) and SWAGX (Schwab U.S. Aggregate Bond Index Fund) are both funds - APCB is a Intermediate Core-Plus Bond fund actively managed by ActivePassive, while SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. APCB is actively managed, while SWAGX is passively managed. Over the past 3 years, APCB returned 4.01%/yr vs 4.01%/yr for SWAGX. Their correlation of 0.92 suggests significant overlap in exposure. APCB charges 0.36%/yr vs 0.04%/yr for SWAGX.

Performance

APCB vs. SWAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive Core Bond ETF (APCB) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, APCB achieves a 0.46% return, which is significantly higher than SWAGX's 0.38% return.

APCB

1D
-0.17%
1M
0.68%
YTD
0.46%
6M
0.76%
1Y
4.35%
3Y*
4.01%
5Y*
—
10Y*
—

SWAGX

1D
0.22%
1M
0.81%
YTD
0.38%
6M
0.74%
1Y
4.66%
3Y*
4.01%
5Y*
-0.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

APCB vs. SWAGX - Yearly Performance Comparison

2026 (YTD)202520242023
APCB
ActivePassive Core Bond ETF		0.46%6.87%1.45%1.57%
SWAGX
Schwab U.S. Aggregate Bond Index Fund		0.38%7.11%1.38%1.77%

Correlation

The correlation between APCB and SWAGX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (All Time)
Calculated using the full available price history since May 3, 2023

0.92

The correlation between APCB and SWAGX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

ActivePassive Core Bond ETF

Schwab U.S. Aggregate Bond Index Fund

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Often compared with SWAGX:
SWAGX vs. VBTLXSWAGX vs. SCHZSWAGX vs. SWSBXSWAGX vs. SWVXXSWAGX vs. BNDSWAGX vs. SWRSXSWAGX vs. FXNAX

Return for Risk

APCB vs. SWAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
APCB
APCB Risk / Return Rank: 3636
Overall Rank
APCB Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
APCB Sortino Ratio Rank: 3737
Sortino Ratio Rank
APCB Omega Ratio Rank: 3535
Omega Ratio Rank
APCB Calmar Ratio Rank: 3535
Calmar Ratio Rank
APCB Martin Ratio Rank: 3333
Martin Ratio Rank
SWAGX
SWAGX Risk / Return Rank: 2020
Overall Rank
SWAGX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
SWAGX Sortino Ratio Rank: 2222
Sortino Ratio Rank
SWAGX Omega Ratio Rank: 1919
Omega Ratio Rank
SWAGX Calmar Ratio Rank: 2121
Calmar Ratio Rank
SWAGX Martin Ratio Rank: 1919
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APCB vs. SWAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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.

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.

APCBSWAGXDifference
Sharpe ratioReturn per unit of total volatility
1.28
1.21

+0.07

Sortino ratioReturn per unit of downside risk
1.89
1.84

+0.06

Omega ratioGain probability vs. loss probability

1.23

1.21

+0.02

Calmar ratioReturn relative to maximum drawdown

1.69

1.57

+0.12

Martin ratioReturn relative to average drawdown

4.84

4.48

+0.35

APCB vs. SWAGX - Sharpe Ratio Comparison

The current APCB Sharpe Ratio is 1.28, which is comparable to the SWAGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of APCB and SWAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

APCB vs. SWAGX - Drawdown Comparison

The maximum APCB drawdown since its inception was -6.42%, smaller than the maximum SWAGX drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for APCB and SWAGX.

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Drawdown Indicators

APCBSWAGXDifference

Max Drawdown

Largest peak-to-trough decline

-6.42%

-19.68%

+13.26%

Max Drawdown (1Y)

Largest decline over 1 year

-2.58%

-3.05%

+0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-5.32%

-6.14%

+0.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.76%

—

Current Drawdown

Current decline from peak

-1.24%

-3.38%

+2.14%

Average Drawdown

Average peak-to-trough decline

-1.51%

-5.67%

+4.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

1.07%

-0.17%

Volatility

APCB vs. SWAGX - Volatility Comparison

The current volatility for ActivePassive Core Bond ETF (APCB) is 1.01%, while Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a volatility of 1.14%. This indicates that APCB experiences smaller price fluctuations and is considered to be less risky than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APCBSWAGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

1.14%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

2.54%

2.94%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

3.42%

3.95%

-0.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.83%

6.09%

-1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.83%

5.11%

-0.28%

APCB vs. SWAGX - Expense Ratio Comparison

APCB has a 0.36% expense ratio, which is higher than SWAGX's 0.04% expense ratio.

Dividends

APCB vs. SWAGX - Dividend Comparison

APCB's dividend yield for the trailing twelve months is around 4.34%, more than SWAGX's 4.13% yield.

PositionTTM202520242023202220212020201920182017
APCB
ActivePassive Core Bond ETF		4.34%4.35%4.74%2.22%0.00%0.00%0.00%0.00%0.00%0.00%
SWAGX
Schwab U.S. Aggregate Bond Index Fund		4.13%4.02%3.88%3.22%1.93%1.56%2.47%2.87%2.80%1.98%

Frequently Asked Questions

APCB and SWAGX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWAGX has higher volatility (1.14%) compared to APCB (1.01%). In terms of maximum drawdown, APCB dropped -6.42% vs SWAGX's -19.68%.

APCB currently has the higher Sharpe Ratio (1.28 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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