SWHYX vs. SWNTX
Compare and contrast key facts about Schwab Opportunistic Municipal Bond Fund (SWHYX) and Schwab Tax-Free Bond Fund™ (SWNTX).
SWHYX is managed by Charles Schwab. It was launched on Mar 30, 2014. 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: SWHYX or SWNTX.
Correlation
The correlation between SWHYX and SWNTX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SWHYX vs. SWNTX - Performance Comparison
Key characteristics
SWHYX:
0.81
SWNTX:
0.85
SWHYX:
1.08
SWNTX:
1.17
SWHYX:
1.17
SWNTX:
1.17
SWHYX:
0.41
SWNTX:
0.49
SWHYX:
2.72
SWNTX:
2.70
SWHYX:
1.15%
SWNTX:
0.96%
SWHYX:
3.87%
SWNTX:
3.07%
SWHYX:
-18.58%
SWNTX:
-12.93%
SWHYX:
-4.29%
SWNTX:
-1.86%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SWHYX at 0.30% and SWNTX at 0.30%. Over the past 10 years, SWHYX has underperformed SWNTX with an annualized return of 0.03%, while SWNTX has yielded a comparatively higher 1.55% annualized return.
SWHYX
0.30%
0.86%
0.14%
2.89%
-0.59%
0.03%
SWNTX
0.30%
0.76%
0.58%
2.50%
0.40%
1.55%
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SWHYX vs. SWNTX - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than SWNTX's 0.48% expense ratio.
Risk-Adjusted Performance
SWHYX vs. SWNTX — Risk-Adjusted Performance Rank
SWHYX
SWNTX
SWHYX vs. SWNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Opportunistic Municipal Bond Fund (SWHYX) 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.
Dividends
SWHYX vs. SWNTX - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.78%, more than SWNTX's 3.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | 3.78% | 3.80% | 6.49% | 3.38% | 2.46% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.48% | 3.44% | 3.06% | 2.33% | 1.67% | 1.97% | 2.31% | 2.42% | 2.34% | 2.24% | 2.22% | 2.30% |
Drawdowns
SWHYX vs. SWNTX - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -18.58%, which is greater than SWNTX's maximum drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for SWHYX and SWNTX. For additional features, visit the drawdowns tool.
Volatility
SWHYX vs. SWNTX - Volatility Comparison
Schwab Opportunistic Municipal Bond Fund (SWHYX) has a higher volatility of 1.15% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.95%. This indicates that SWHYX'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.