SWCAX vs. VOO
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and Vanguard S&P 500 ETF (VOO).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWCAX or VOO.
Key characteristics
| SWCAX | VOO | |
|---|---|---|
| YTD Return | 1.68% | 27.26% |
| 1Y Return | 6.08% | 37.86% |
| 3Y Return (Ann) | -0.45% | 10.35% |
| 5Y Return (Ann) | 0.60% | 16.03% |
| 10Y Return (Ann) | 1.36% | 13.45% |
| Sharpe Ratio | 2.32 | 3.25 |
| Sortino Ratio | 3.55 | 4.31 |
| Omega Ratio | 1.56 | 1.61 |
| Calmar Ratio | 0.78 | 4.74 |
| Martin Ratio | 10.46 | 21.63 |
| Ulcer Index | 0.58% | 1.85% |
| Daily Std Dev | 2.63% | 12.25% |
| Max Drawdown | -13.51% | -33.99% |
| Current Drawdown | -2.17% | 0.00% |
Correlation
The correlation between SWCAX and VOO is -0.11. 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. VOO - Performance Comparison
In the year-to-date period, SWCAX achieves a 1.68% return, which is significantly lower than VOO's 27.26% return. Over the past 10 years, SWCAX has underperformed VOO with an annualized return of 1.36%, while VOO has yielded a comparatively higher 13.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWCAX vs. VOO - Expense Ratio Comparison
SWCAX has a 0.48% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SWCAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
SWCAX vs. VOO - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 3.07%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 3.07% | 2.68% | 2.12% | 1.60% | 1.85% | 2.24% | 2.51% | 2.38% | 2.32% | 2.24% | 2.39% | 2.53% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SWCAX vs. VOO - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SWCAX and VOO. For additional features, visit the drawdowns tool.
Volatility
SWCAX vs. VOO - Volatility Comparison
The current volatility for Schwab California Tax-Free Bond Fund™ (SWCAX) is 1.37%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that SWCAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.