SWCAX vs. SWNTX
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and Schwab Tax-Free Bond Fund™ (SWNTX).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWCAX or SWNTX.
Correlation
The correlation between SWCAX and SWNTX is -0.02. 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. SWNTX - Performance Comparison
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Key characteristics
SWCAX:
0.14
SWNTX:
0.09
SWCAX:
0.18
SWNTX:
0.12
SWCAX:
1.03
SWNTX:
1.02
SWCAX:
0.10
SWNTX:
0.06
SWCAX:
0.39
SWNTX:
0.23
SWCAX:
1.30%
SWNTX:
1.45%
SWCAX:
4.30%
SWNTX:
4.86%
SWCAX:
-13.51%
SWNTX:
-12.60%
SWCAX:
-3.28%
SWNTX:
-3.19%
Returns By Period
The year-to-date returns for both stocks are quite close, with SWCAX having a -1.39% return and SWNTX slightly lower at -1.43%. Over the past 10 years, SWCAX has underperformed SWNTX with an annualized return of 1.36%, while SWNTX has yielded a comparatively higher 1.68% annualized return.
SWCAX
-1.39%
1.50%
-1.14%
0.60%
0.34%
1.36%
SWNTX
-1.43%
1.52%
-1.39%
0.42%
0.81%
1.68%
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SWCAX vs. SWNTX - Expense Ratio Comparison
Both SWCAX and SWNTX have an expense ratio of 0.48%.
Risk-Adjusted Performance
SWCAX vs. SWNTX — Risk-Adjusted Performance Rank
SWCAX
SWNTX
SWCAX vs. SWNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) 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.
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Dividends
SWCAX vs. SWNTX - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 3.23%, less than SWNTX's 3.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 3.23% | 3.11% | 2.66% | 2.13% | 2.08% | 2.60% | 2.56% | 2.49% | 2.22% | 3.09% | 2.79% | 4.22% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.59% | 3.44% | 3.06% | 2.33% | 1.67% | 1.97% | 2.31% | 2.42% | 2.34% | 2.24% | 2.22% | 2.30% |
Drawdowns
SWCAX vs. SWNTX - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, which is greater than SWNTX's maximum drawdown of -12.60%. Use the drawdown chart below to compare losses from any high point for SWCAX and SWNTX. For additional features, visit the drawdowns tool.
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Volatility
SWCAX vs. SWNTX - Volatility Comparison
The current volatility for Schwab California Tax-Free Bond Fund™ (SWCAX) is 1.14%, while Schwab Tax-Free Bond Fund™ (SWNTX) has a volatility of 1.21%. This indicates that SWCAX experiences smaller price fluctuations and is considered to be less risky than SWNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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