Correlation
The correlation between SWHYX and VWAHX is -0.00. 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.
SWHYX vs. VWAHX
Compare and contrast key facts about Schwab Opportunistic Municipal Bond Fund (SWHYX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
SWHYX is managed by Charles Schwab. It was launched on Mar 30, 2014. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWHYX or VWAHX.
Performance
SWHYX vs. VWAHX - Performance Comparison
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Key characteristics
SWHYX:
0.06
VWAHX:
0.27
SWHYX:
0.05
VWAHX:
0.29
SWHYX:
1.01
VWAHX:
1.05
SWHYX:
0.01
VWAHX:
0.18
SWHYX:
0.03
VWAHX:
0.58
SWHYX:
2.18%
VWAHX:
2.09%
SWHYX:
6.32%
VWAHX:
6.24%
SWHYX:
-18.23%
VWAHX:
-17.31%
SWHYX:
-7.07%
VWAHX:
-4.23%
Returns By Period
In the year-to-date period, SWHYX achieves a -2.70% return, which is significantly lower than VWAHX's -2.30% return. Over the past 10 years, SWHYX has underperformed VWAHX with an annualized return of -0.08%, while VWAHX has yielded a comparatively higher 2.85% annualized return.
SWHYX
-2.70%
-0.92%
-4.23%
0.40%
0.77%
0.98%
-0.08%
VWAHX
-2.30%
-0.87%
-3.79%
1.70%
1.91%
1.56%
2.85%
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SWHYX vs. VWAHX - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
SWHYX vs. VWAHX — Risk-Adjusted Performance Rank
SWHYX
VWAHX
SWHYX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Opportunistic Municipal Bond Fund (SWHYX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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
SWHYX vs. VWAHX - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.87%, less than VWAHX's 3.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | 3.87% | 3.79% | 6.48% | 3.38% | 2.46% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.94% | 3.75% | 3.53% | 3.37% | 3.48% | 3.32% | 3.68% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
Drawdowns
SWHYX vs. VWAHX - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -18.23%, which is greater than VWAHX's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for SWHYX and VWAHX.
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Volatility
SWHYX vs. VWAHX - Volatility Comparison
Schwab Opportunistic Municipal Bond Fund (SWHYX) has a higher volatility of 1.04% compared to Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) at 0.83%. This indicates that SWHYX's price experiences larger fluctuations and is considered to be riskier than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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