GIGB vs. SWVXX
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Schwab Value Advantage Money Fund (SWVXX).
GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIGB or SWVXX.
Performance
GIGB vs. SWVXX - Performance Comparison
Returns By Period
In the year-to-date period, GIGB achieves a 2.09% return, which is significantly lower than SWVXX's 3.90% return.
GIGB
2.09%
-2.25%
3.10%
8.30%
0.44%
N/A
SWVXX
3.90%
0.21%
2.36%
4.61%
2.22%
1.51%
Key characteristics
| GIGB | SWVXX | |
|---|---|---|
| Sharpe Ratio | 1.45 | 3.30 |
| Ulcer Index | 1.62% | 0.00% |
| Daily Std Dev | 6.19% | 1.39% |
| Max Drawdown | -22.25% | 0.00% |
| Current Drawdown | -8.11% | 0.00% |
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Correlation
The correlation between GIGB and SWVXX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
GIGB vs. SWVXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Schwab Value Advantage Money Fund (SWVXX). 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.
Drawdowns
GIGB vs. SWVXX - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GIGB and SWVXX. For additional features, visit the drawdowns tool.
Volatility
GIGB vs. SWVXX - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 1.88% compared to Schwab Value Advantage Money Fund (SWVXX) at 0.21%. This indicates that GIGB's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.