SWCAX vs. SCHO
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWCAX or SCHO.
Correlation
The correlation between SWCAX and SCHO is -0.16. 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
SWCAX vs. SCHO - Performance Comparison
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Key characteristics
SWCAX:
0.14
SCHO:
3.14
SWCAX:
0.21
SCHO:
5.18
SWCAX:
1.04
SCHO:
1.70
SWCAX:
0.11
SCHO:
5.83
SWCAX:
0.47
SCHO:
17.05
SWCAX:
1.29%
SCHO:
0.33%
SWCAX:
4.30%
SCHO:
1.79%
SWCAX:
-13.51%
SCHO:
-5.69%
SWCAX:
-3.19%
SCHO:
-0.44%
Returns By Period
In the year-to-date period, SWCAX achieves a -1.30% return, which is significantly lower than SCHO's 2.30% return. Over the past 10 years, SWCAX has underperformed SCHO with an annualized return of 1.37%, while SCHO has yielded a comparatively higher 1.47% annualized return.
SWCAX
-1.30%
0.56%
-1.05%
0.69%
0.42%
1.37%
SCHO
2.30%
0.22%
2.52%
5.68%
1.15%
1.47%
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SWCAX vs. SCHO - Expense Ratio Comparison
SWCAX has a 0.48% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Risk-Adjusted Performance
SWCAX vs. SCHO — Risk-Adjusted Performance Rank
SWCAX
SCHO
SWCAX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
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Dividends
SWCAX vs. SCHO - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 2.95%, less than SCHO's 4.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 2.95% | 3.11% | 2.66% | 2.13% | 2.08% | 2.60% | 2.56% | 2.49% | 2.22% | 3.09% | 2.79% | 4.22% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.23% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% |
Drawdowns
SWCAX vs. SCHO - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for SWCAX and SCHO. For additional features, visit the drawdowns tool.
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Volatility
SWCAX vs. SCHO - Volatility Comparison
Schwab California Tax-Free Bond Fund™ (SWCAX) has a higher volatility of 2.28% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.55%. This indicates that SWCAX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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