SWCAX vs. GCMFX

The year-to-date returns for both investments are quite close, with SWCAX having a -1.30% return and GCMFX slightly higher at -1.24%. Over the past 10 years, SWCAX has underperformed GCMFX with an annualized return of 1.37%, while GCMFX has yielded a comparatively higher 2.10% annualized return.

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SWCAX has a 0.48% expense ratio, which is lower than GCMFX's 0.63% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and PIMCO California Municipal Opportunistic Value Fund (GCMFX). 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.

The current SWCAX Sharpe Ratio is 0.14, which is comparable to the GCMFX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of SWCAX and GCMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SWCAX's dividend yield for the trailing twelve months is around 2.95%, less than GCMFX's 3.43% yield.

The maximum SWCAX drawdown since its inception was -13.51%, which is greater than GCMFX's maximum drawdown of -6.56%. Use the drawdown chart below to compare losses from any high point for SWCAX and GCMFX. For additional features, visit the drawdowns tool.

The current volatility for Schwab California Tax-Free Bond Fund™ (SWCAX) is 2.28%, while PIMCO California Municipal Opportunistic Value Fund (GCMFX) has a volatility of 2.46%. This indicates that SWCAX experiences smaller price fluctuations and is considered to be less risky than GCMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.