SWBGX vs. SWNTX
SWBGX (Schwab MarketTrack Balanced Portfolio™) and SWNTX (Schwab Tax-Free Bond Fund™) are both mutual funds - SWBGX is a Diversified Portfolio fund managed by Charles Schwab, while SWNTX is a Municipal Bonds fund managed by Charles Schwab. Over the past 10 years, SWBGX returned 8.18%/yr vs 1.64%/yr for SWNTX. At a 0.02 correlation, their price movements are largely independent. SWBGX charges 0.40%/yr vs 0.48%/yr for SWNTX.
Performance
SWBGX vs. SWNTX - Performance Comparison
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Returns By Period
In the year-to-date period, SWBGX achieves a 7.38% return, which is significantly higher than SWNTX's 1.42% return. Over the past 10 years, SWBGX has outperformed SWNTX with an annualized return of 8.18%, while SWNTX has yielded a comparatively lower 1.64% annualized return.
SWBGX
- 1D
- 0.66%
- 1M
- 0.76%
- YTD
- 7.38%
- 6M
- 7.15%
- 1Y
- 18.23%
- 3Y*
- 12.66%
- 5Y*
- 6.87%
- 10Y*
- 8.18%
SWNTX
- 1D
- 0.09%
- 1M
- 1.48%
- YTD
- 1.42%
- 6M
- 1.82%
- 1Y
- 6.36%
- 3Y*
- 3.39%
- 5Y*
- 0.60%
- 10Y*
- 1.64%
SWBGX vs. SWNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.38% | 14.73% | 9.10% | 14.99% | -14.35% | 12.85% | 10.50% | 18.56% | -5.43% | 12.70% |
SWNTX Schwab Tax-Free Bond Fund™ | 1.42% | 4.20% | 1.57% | 5.09% | -8.57% | 0.37% | 4.45% | 6.55% | 0.88% | 4.29% |
Correlation
The correlation between SWBGX and SWNTX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996 | 0.02 |
Over the past year, SWBGX and SWNTX have become more correlated (0.28) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
SWBGX vs. SWNTX — Risk / Return Rank
SWBGX
SWNTX
SWBGX vs. SWNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab MarketTrack Balanced Portfolio™ (SWBGX) and Schwab Tax-Free Bond Fund™ (SWNTX). 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.
| SWBGX | SWNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.69 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.22 | +0.86 |
| Martin ratioReturn relative to average drawdown | 13.22 | 7.25 | +5.97 |
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Drawdowns
SWBGX vs. SWNTX - Drawdown Comparison
The maximum SWBGX drawdown since its inception was -40.37%, which is greater than SWNTX's maximum drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for SWBGX and SWNTX.
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Drawdown Indicators
| SWBGX | SWNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.37% | -13.26% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -2.88% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.69% | -4.85% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -13.26% | -10.71% |
Max Drawdown (10Y)Largest decline over 10 years | -23.97% | -13.26% | -10.71% |
Current DrawdownCurrent decline from peak | -0.42% | -0.70% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -1.89% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.88% | +0.49% |
Volatility
SWBGX vs. SWNTX - Volatility Comparison
Schwab MarketTrack Balanced Portfolio™ (SWBGX) has a higher volatility of 3.01% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.74%. This indicates that SWBGX's price experiences larger fluctuations and is considered to be riskier than SWNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWBGX | SWNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 0.74% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 1.85% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 2.42% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 3.49% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 3.57% | +7.42% |
SWBGX vs. SWNTX - Expense Ratio Comparison
SWBGX has a 0.40% expense ratio, which is lower than SWNTX's 0.48% expense ratio.
Dividends
SWBGX vs. SWNTX - Dividend Comparison
SWBGX's dividend yield for the trailing twelve months is around 7.16%, more than SWNTX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWBGX Schwab MarketTrack Balanced Portfolio™ | 7.16% | 7.69% | 10.74% | 4.23% | 4.13% | 5.02% | 6.41% | 4.42% | 7.11% | 5.30% | 3.18% | 14.29% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.45% | 3.78% | 3.20% | 2.54% | 1.73% | 1.62% | 2.34% | 2.58% | 2.41% | 2.21% | 3.14% | 2.71% |
Frequently Asked Questions
SWBGX and SWNTX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWBGX has higher volatility (3.01%) compared to SWNTX (0.74%). In terms of maximum drawdown, SWBGX dropped -40.37% vs SWNTX's -13.26%.
SWNTX currently has the higher Sharpe Ratio (2.64 vs 2.25), 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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