SCHI vs. SWVXX
Compare and contrast key facts about Schwab 5-10 Year Corporate Bond ETF (SCHI) and Schwab Value Advantage Money Fund (SWVXX).
SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHI or SWVXX.
Key characteristics
| SCHI | SWVXX | |
|---|---|---|
| YTD Return | -0.18% | 1.07% |
| 1Y Return | 5.09% | 4.43% |
| 3Y Return (Ann) | -1.93% | 2.54% |
| Sharpe Ratio | 0.72 | 3.19 |
| Daily Std Dev | 6.98% | 1.37% |
| Current Drawdown | -8.39% | 0.00% |
Correlation
The correlation between SCHI and SWVXX is -0.02. 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.
Performance
SCHI vs. SWVXX - Performance Comparison
In the year-to-date period, SCHI achieves a -0.18% return, which is significantly lower than SWVXX's 1.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SCHI vs. SWVXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) 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
SCHI vs. SWVXX - Drawdown Comparison
Volatility
SCHI vs. SWVXX - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.47% compared to Schwab Value Advantage Money Fund (SWVXX) at 0.00%. This indicates that SCHI'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.