FMFIX vs. SWSBX
Compare and contrast key facts about RBB Free Market Fixed Income Fund (FMFIX) and Schwab Short-Term Bond Index Fund (SWSBX).
FMFIX is managed by RBB Funds. It was launched on Dec 31, 2007. 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
FMFIX vs. SWSBX - Performance Comparison
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FMFIX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 0.20% | 4.88% | 0.71% | 5.43% | -6.52% | -1.06% | 3.28% | 4.78% | 0.65% | 0.66% |
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, FMFIX achieves a 0.20% return, which is significantly higher than SWSBX's -0.27% return.
FMFIX
- 1D
- 0.20%
- 1M
- -0.89%
- YTD
- 0.20%
- 6M
- 0.95%
- 1Y
- 3.59%
- 3Y*
- 3.08%
- 5Y*
- 0.84%
- 10Y*
- 1.22%
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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FMFIX vs. SWSBX - Expense Ratio Comparison
FMFIX has a 0.68% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
FMFIX vs. SWSBX — Risk / Return Rank
FMFIX
SWSBX
FMFIX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) 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.
| FMFIX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 1.71 | +0.48 |
Sortino ratioReturn per unit of downside risk | 3.20 | 2.83 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.79 | +0.73 |
Martin ratioReturn relative to average drawdown | 14.31 | 10.25 | +4.05 |
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
| FMFIX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.71 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.42 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.76 | -0.15 |
Correlation
The correlation between FMFIX and SWSBX is 0.74, 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
FMFIX vs. SWSBX - Dividend Comparison
FMFIX's dividend yield for the trailing twelve months is around 3.67%, less than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 3.67% | 3.49% | 0.71% | 2.75% | 1.35% | 0.37% | 1.22% | 1.44% | 2.45% | 1.25% | 0.58% | 0.39% |
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
FMFIX vs. SWSBX - Drawdown Comparison
The maximum FMFIX drawdown since its inception was -9.35%, roughly equal to the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for FMFIX and SWSBX.
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Drawdown Indicators
| FMFIX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.35% | -9.06% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -1.54% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -9.06% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -9.35% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.23% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -1.81% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.42% | -0.15% |
Volatility
FMFIX vs. SWSBX - Volatility Comparison
The current volatility for RBB Free Market Fixed Income Fund (FMFIX) is 0.69%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.73%. This indicates that FMFIX 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
| FMFIX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.73% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 1.49% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 2.40% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.95% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.43% | 2.47% | -0.04% |