SWAGX vs. SWRSX

Last updated Aug 2, 2026

SWAGX (Schwab U.S. Aggregate Bond Index Fund) and SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) are both mutual funds - SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while SWRSX is a Inflation-Protected Bonds fund managed by Charles Schwab. Over the past 5 years, SWAGX returned -0.63%/yr vs 0.31%/yr for SWRSX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SWAGX charges 0.04%/yr vs 0.05%/yr for SWRSX.

Performance

SWAGX vs. SWRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Aggregate Bond Index Fund (SWAGX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWAGX achieves a -0.73% return, which is significantly lower than SWRSX's 0.70% return.

SWAGX

• 1D: 0.00%
• 1M: -1.24%
• 6M: -0.96%
• YTD: -0.73%
• 1Y: 1.77%
• 3Y*: 3.63%
• 5Y*: -0.63%
• 10Y*: —
• ALL TIME*: 1.47%

SWRSX

• 1D: 0.00%
• 1M: -0.49%
• 6M: 0.22%
• YTD: 0.70%
• 1Y: 2.04%
• 3Y*: 3.69%
• 5Y*: 0.31%
• 10Y*: 2.40%
• ALL TIME*: 3.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SWAGX Schwab U.S. Aggregate Bond Index Fund	$0.00	$0.00	$0.00
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	$0.00	$0.00	$0.00

SWAGX vs. SWRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWAGX Schwab U.S. Aggregate Bond Index Fund	-0.73%	7.11%	1.38%	5.46%	-13.62%	-2.29%	7.39%	8.64%	-0.11%	2.62%
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	0.70%	6.84%	1.95%	3.80%	-12.01%	5.83%	10.88%	8.38%	-1.32%	1.67%

Correlation

The correlation between SWAGX and SWRSX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017	0.78

The correlation between SWAGX and SWRSX shifts across timeframes, from 0.74 (1 year) to 0.85 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SWAGX vs. SWRSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWAGX

SWAGX Risk / Return Rank: 21
SWAGX Sharpe Ratio Rank: 22
SWAGX Sortino Ratio Rank: 22
SWAGX Omega Ratio Rank: 20
SWAGX Calmar Ratio Rank: 21
SWAGX Martin Ratio Rank: 18

SWRSX

SWRSX Risk / Return Rank: 25
SWRSX Sharpe Ratio Rank: 24
SWRSX Sortino Ratio Rank: 24
SWRSX Omega Ratio Rank: 22
SWRSX Calmar Ratio Rank: 31
SWRSX Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWAGX vs. SWRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond Index Fund (SWAGX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.

	SWAGX	SWRSX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	0.80	-0.05
Sortino ratio: Return per unit of downside risk	1.13	1.20	-0.07
Omega ratio: Gain probability vs. loss probability	1.13	1.14	-0.01
Calmar ratio: Return relative to maximum drawdown	0.96	1.34	-0.37
Martin ratio: Return relative to average drawdown	2.40	3.65	-1.26

SWAGX vs. SWRSX - Sharpe Ratio Comparison

The current SWAGX Sharpe Ratio is 0.76, which is comparable to the SWRSX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SWAGX and SWRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWAGX vs. SWRSX - Drawdown Comparison

The maximum SWAGX drawdown since its inception was -19.68%, which is greater than SWRSX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for SWAGX and SWRSX.

Drawdown Indicators

	SWAGX	SWRSX	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-14.29%	-5.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-1.90%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-5.01%	-3.96%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-14.29%	-4.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.29%	—
Current Drawdown Current decline from peak	-4.46%	-1.09%	-3.37%
Average Drawdown Average peak-to-trough decline	-5.65%	-3.70%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	0.70%	+0.52%

Volatility

SWAGX vs. SWRSX - Volatility Comparison

Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a higher volatility of 1.00% compared to Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) at 0.77%. This indicates that SWAGX's price experiences larger fluctuations and is considered to be riskier than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWAGX	SWRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	0.77%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	3.04%	2.38%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	3.18%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.09%	6.01%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	5.36%	-0.27%

SWAGX vs. SWRSX - Expense Ratio Comparison

SWAGX has a 0.04% expense ratio, which is lower than SWRSX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SWAGX vs. SWRSX - Dividend Comparison

SWAGX's dividend yield for the trailing twelve months is around 3.87%, less than SWRSX's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWAGX Schwab U.S. Aggregate Bond Index Fund	3.87%	4.02%	3.88%	3.22%	1.93%	1.56%	2.47%	2.87%	2.80%	1.98%	0.00%	0.00%
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	4.44%	4.20%	3.68%	3.11%	7.95%	4.45%	1.33%	2.20%	2.87%	1.75%	1.81%	1.06%

Frequently Asked Questions

Can I hold both SWAGX and SWRSX in my portfolio?

SWAGX and SWRSX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWAGX or SWRSX?

SWAGX has higher volatility (1.00%) compared to SWRSX (0.77%). In terms of maximum drawdown, SWAGX dropped -19.68% vs SWRSX's -14.29%.

Which has better risk-adjusted returns?

SWRSX currently has the higher Sharpe Ratio (0.80 vs 0.76), 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.