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.
Performance
SWHYX vs. SWNTX - Performance Comparison
Loading graphics...
SWHYX vs. SWNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | -0.44% | 2.98% | 1.89% | 9.24% | -12.81% | 2.49% | 2.52% |
SWNTX Schwab Tax-Free Bond Fund™ | -0.62% | 4.20% | 1.57% | 5.09% | -8.57% | 0.37% | 0.99% |
Returns By Period
In the year-to-date period, SWHYX achieves a -0.44% return, which is significantly higher than SWNTX's -0.62% return.
SWHYX
- 1D
- 0.23%
- 1M
- -2.56%
- YTD
- -0.44%
- 6M
- 1.26%
- 1Y
- 3.56%
- 3Y*
- 3.56%
- 5Y*
- 0.46%
- 10Y*
- —
SWNTX
- 1D
- 0.19%
- 1M
- -2.70%
- YTD
- -0.62%
- 6M
- 0.90%
- 1Y
- 3.60%
- 3Y*
- 2.58%
- 5Y*
- 0.44%
- 10Y*
- 1.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SWHYX vs. SWNTX - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than SWNTX's 0.48% expense ratio.
Return for Risk
SWHYX vs. SWNTX — Risk / Return Rank
SWHYX
SWNTX
SWHYX vs. SWNTX - Risk-Adjusted Trends 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.
| SWHYX | SWNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.02 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.38 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.08 | -0.34 |
Martin ratioReturn relative to average drawdown | 2.20 | 3.58 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SWHYX | SWNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.02 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.13 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.15 | -0.97 |
Correlation
The correlation between SWHYX and SWNTX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWHYX vs. SWNTX - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.82%, more than SWNTX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | 3.82% | 4.12% | 3.79% | 6.48% | 3.38% | 2.46% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.26% | 3.78% | 3.20% | 2.54% | 1.73% | 1.62% | 2.34% | 2.58% | 2.41% | 2.21% | 3.14% | 2.71% |
Drawdowns
SWHYX vs. SWNTX - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -17.46%, which is greater than SWNTX's maximum drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for SWHYX and SWNTX.
Loading graphics...
Drawdown Indicators
| SWHYX | SWNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -13.26% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -4.40% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -13.26% | -4.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.70% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -1.89% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.33% | +0.59% |
Volatility
SWHYX vs. SWNTX - Volatility Comparison
Schwab Opportunistic Municipal Bond Fund (SWHYX) has a higher volatility of 1.23% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.94%. 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.
Loading graphics...
Volatility by Period
| SWHYX | SWNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.94% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 1.57% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 4.43% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 3.45% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 3.56% | +0.82% |