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SCHD vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHD vs. SWVXX

Last updated Jun 13, 2026

SCHD (Schwab U.S. Dividend Equity ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while SWVXX is a Money Market fund actively managed by Charles Schwab. SCHD is passively managed, while SWVXX is actively managed. Over the past 5 years, SCHD returned 8.75%/yr vs 3.14%/yr for SWVXX. At a 0.04 correlation, their price movements are largely independent. SCHD charges 0.06%/yr vs 0.34%/yr for SWVXX.

Performance

SCHD vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHD achieves a 20.66% return, which is significantly higher than SWVXX's 1.45% return.

SCHD

1D
0.89%
1M
3.37%
YTD
20.66%
6M
19.57%
1Y
26.16%
3Y*
14.90%
5Y*
8.75%
10Y*
12.91%

SWVXX

1D
0.00%
1M
0.29%
YTD
1.45%
6M
1.77%
1Y
3.85%
3Y*
4.71%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHD vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SCHD
Schwab U.S. Dividend Equity ETF		20.66%4.34%11.66%4.54%-3.26%7.35%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.45%4.15%5.16%5.04%0.00%0.00%

Correlation

The correlation between SCHD and SWVXX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.04

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Schwab U.S. Dividend Equity ETF

Schwab Prime Advantage Money Fund Investor Shares

Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG
Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

SCHD vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHD
SCHD Risk / Return Rank: 8787
Overall Rank
SCHD Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9090
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8383
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9393
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8181
Martin Ratio Rank
SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHD vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and Schwab Prime Advantage Money Fund Investor Shares (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SCHDSWVXXDifference
Sharpe ratioReturn per unit of total volatility
2.41
3.71

-1.30

Sortino ratioReturn per unit of downside risk
3.72

—

—

Omega ratioGain probability vs. loss probability

1.43

—

—

Calmar ratioReturn relative to maximum drawdown

5.70

—

—

Martin ratioReturn relative to average drawdown

13.97

—

—

SCHD vs. SWVXX - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.41, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of SCHD and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHD vs. SWVXX - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SCHD and SWVXX.

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Drawdown Indicators

SCHDSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-33.37%

0.00%

-33.37%

Max Drawdown (1Y)

Largest decline over 1 year

-4.61%

0.00%

-4.61%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

0.00%

-16.13%

Max Drawdown (5Y)

Largest decline over 5 years

-16.85%

0.00%

-16.85%

Max Drawdown (10Y)

Largest decline over 10 years

-33.37%

—

—

Current Drawdown

Current decline from peak

-0.03%

0.00%

-0.03%

Average Drawdown

Average peak-to-trough decline

-3.31%

0.00%

-3.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

0.00%

+1.89%

Volatility

SCHD vs. SWVXX - Volatility Comparison

Schwab U.S. Dividend Equity ETF (SCHD) has a higher volatility of 3.05% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that SCHD'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.

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Volatility by Period

SCHDSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.05%

0.29%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

0.76%

+6.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

1.10%

+9.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.38%

1.09%

+13.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.72%

1.09%

+15.63%

SCHD vs. SWVXX - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

SCHD vs. SWVXX - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.22%, less than SWVXX's 3.77% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.22%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.77%4.06%5.02%4.91%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SCHD and SWVXX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHD has higher volatility (3.05%) compared to SWVXX (0.29%). In terms of maximum drawdown, SCHD dropped -33.37% vs SWVXX's 0.00%.

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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