SGVT vs. SWVXX

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab Government Money Market ETF (SGVT) and Schwab Value Advantage Money Fund (SWVXX).

SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025. SWVXX is an actively managed fund by Charles Schwab. It was launched on Aug 27, 1993.

Performance

SGVT vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Government Money Market ETF (SGVT) and Schwab Value Advantage Money Fund (SWVXX). The values are adjusted to include any dividend payments, if applicable.

SGVT vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	0.82%	2.22%
SWVXX Schwab Value Advantage Money Fund	0.57%	2.37%

Returns By Period

In the year-to-date period, SGVT achieves a 0.82% return, which is significantly higher than SWVXX's 0.57% return.

SGVT

• 1D: 0.01%
• 1M: 0.26%
• YTD: 0.82%
• 6M: 1.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWVXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.57%
• 6M: 1.55%
• 1Y: 3.68%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGVT vs. SWVXX - Expense Ratio Comparison

SGVT has a 0.28% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

SWVXX

Schwab Value Advantage Money Fund

SGVT

Schwab Government Money Market ETF

Return for Risk

SGVT vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) 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.

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

Sharpe Ratios by Period

	SGVT	SWVXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	18.81	2.88	+15.93

Correlation

The correlation between SGVT and SWVXX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SGVT vs. SWVXX - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 2.55%, less than SWVXX's 3.61% yield.

	TTM	2025	2024	2023
SGVT Schwab Government Money Market ETF	2.55%	1.73%	0.00%	0.00%
SWVXX Schwab Value Advantage Money Fund	3.61%	4.06%	5.02%	4.91%

Drawdowns

SGVT vs. SWVXX - Drawdown Comparison

The maximum SGVT drawdown since its inception was -0.03%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SGVT and SWVXX.

Drawdown Indicators

	SGVT	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	0.00%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	SGVT	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	1.14%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.20%	1.09%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.20%	1.09%	-0.89%