CPPAX vs. SWSBX
Compare and contrast key facts about American Funds Preservation Portfolio (CPPAX) and Schwab Short-Term Bond Index Fund (SWSBX).
CPPAX is managed by American Funds. It was launched on May 18, 2012. 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
CPPAX vs. SWSBX - Performance Comparison
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CPPAX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPPAX American Funds Preservation Portfolio | -0.28% | 5.51% | 3.66% | 4.09% | -6.14% | -0.62% | 5.84% | 3.92% | 0.89% | 0.23% |
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, CPPAX achieves a -0.28% return, which is significantly lower than SWSBX's -0.16% return.
CPPAX
- 1D
- 0.11%
- 1M
- -0.94%
- YTD
- -0.28%
- 6M
- 0.66%
- 1Y
- 3.34%
- 3Y*
- 3.66%
- 5Y*
- 1.31%
- 10Y*
- 1.69%
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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CPPAX vs. SWSBX - Expense Ratio Comparison
CPPAX has a 0.61% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
CPPAX vs. SWSBX — Risk / Return Rank
CPPAX
SWSBX
CPPAX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Preservation Portfolio (CPPAX) 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.
| CPPAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.59 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.27 | 2.60 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.71 | -0.45 |
Martin ratioReturn relative to average drawdown | 9.98 | 9.85 | +0.13 |
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
| CPPAX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.59 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.43 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.76 | -0.11 |
Correlation
The correlation between CPPAX and SWSBX is 0.79, 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
CPPAX vs. SWSBX - Dividend Comparison
CPPAX's dividend yield for the trailing twelve months is around 3.52%, less than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPPAX American Funds Preservation Portfolio | 3.52% | 3.56% | 4.03% | 3.24% | 2.02% | 0.95% | 2.32% | 1.91% | 1.59% | 1.06% | 1.26% | 1.11% |
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
CPPAX vs. SWSBX - Drawdown Comparison
The maximum CPPAX drawdown since its inception was -8.59%, smaller than the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for CPPAX and SWSBX.
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Drawdown Indicators
| CPPAX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.59% | -9.06% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -1.54% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -8.57% | -9.06% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -8.59% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -1.13% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -1.81% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.42% | -0.04% |
Volatility
CPPAX vs. SWSBX - Volatility Comparison
American Funds Preservation Portfolio (CPPAX) has a higher volatility of 0.94% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that CPPAX'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
| CPPAX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.73% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 1.49% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 2.40% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.04% | 2.95% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.48% | 2.47% | +0.01% |