ASBAX vs. SWSBX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and Schwab Short-Term Bond Index Fund (SWSBX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. 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
ASBAX vs. SWSBX - Performance Comparison
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ASBAX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | -0.26% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.46% |
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
The year-to-date returns for both stocks are quite close, with ASBAX having a -0.26% return and SWSBX slightly lower at -0.27%.
ASBAX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.26%
- 6M
- 0.79%
- 1Y
- 3.11%
- 3Y*
- 3.72%
- 5Y*
- 1.51%
- 10Y*
- 1.57%
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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ASBAX vs. SWSBX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
ASBAX vs. SWSBX — Risk / Return Rank
ASBAX
SWSBX
ASBAX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) 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.
| ASBAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.71 | +0.11 |
Sortino ratioReturn per unit of downside risk | 3.19 | 2.83 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.79 | +0.17 |
Martin ratioReturn relative to average drawdown | 11.57 | 10.25 | +1.31 |
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
| ASBAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.71 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.42 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.76 | +0.20 |
Correlation
The correlation between ASBAX and SWSBX is 0.78, 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
ASBAX vs. SWSBX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.50%, less than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.50% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
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
ASBAX vs. SWSBX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.29%, smaller than the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for ASBAX and SWSBX.
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Drawdown Indicators
| ASBAX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -9.06% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.54% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -9.06% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.23% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -1.81% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.42% | -0.10% |
Volatility
ASBAX vs. SWSBX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.60%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.73%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky 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
| ASBAX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.73% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 1.49% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 2.40% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.20% | 2.95% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 2.47% | -0.66% |