APSTX vs. SWSBX
Compare and contrast key facts about Cavanal Hill Limited Duration Fund (APSTX) and Schwab Short-Term Bond Index Fund (SWSBX).
APSTX is managed by Cavanal Hill funds. It was launched on Oct 19, 1994. 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
APSTX vs. SWSBX - Performance Comparison
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APSTX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APSTX Cavanal Hill Limited Duration Fund | -0.03% | 5.21% | 4.96% | 5.13% | -5.78% | -0.73% | 3.83% | 4.02% | 1.17% | 0.85% |
SWSBX Schwab Short-Term Bond Index Fund | -0.16% | 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, APSTX achieves a -0.03% return, which is significantly higher than SWSBX's -0.16% return.
APSTX
- 1D
- 0.21%
- 1M
- -1.27%
- YTD
- -0.03%
- 6M
- 1.09%
- 1Y
- 3.09%
- 3Y*
- 4.49%
- 5Y*
- 1.70%
- 10Y*
- 1.85%
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
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APSTX vs. SWSBX - Expense Ratio Comparison
APSTX has a 0.76% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
APSTX vs. SWSBX — Risk / Return Rank
APSTX
SWSBX
APSTX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Limited Duration Fund (APSTX) 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.
| APSTX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.59 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.09 | 2.60 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.71 | -0.35 |
Martin ratioReturn relative to average drawdown | 7.86 | 9.85 | -2.00 |
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
| APSTX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.59 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.43 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.76 | +0.01 |
Correlation
The correlation between APSTX and SWSBX is 0.81, 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
APSTX vs. SWSBX - Dividend Comparison
APSTX's dividend yield for the trailing twelve months is around 2.95%, less than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSTX Cavanal Hill Limited Duration Fund | 2.95% | 3.23% | 2.85% | 2.60% | 2.02% | 1.46% | 1.58% | 2.24% | 2.00% | 1.38% | 1.24% | 21.97% |
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
APSTX vs. SWSBX - Drawdown Comparison
The maximum APSTX drawdown since its inception was -19.32%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for APSTX and SWSBX.
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Drawdown Indicators
| APSTX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.32% | -9.06% | -10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.48% | -1.54% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -8.47% | -9.06% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -8.57% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -1.13% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -1.81% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.42% | +0.03% |
Volatility
APSTX vs. SWSBX - Volatility Comparison
Cavanal Hill Limited Duration Fund (APSTX) has a higher volatility of 0.87% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that APSTX'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
| APSTX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.73% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.49% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.37% | 2.40% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 2.95% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.10% | 2.47% | -0.37% |