SWJRX vs. SCHO
Compare and contrast key facts about Schwab Monthly Income Fund - Moderate Payout (SWJRX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
SWJRX is managed by Charles Schwab. It was launched on Mar 27, 2008. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.
Performance
SWJRX vs. SCHO - Performance Comparison
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SWJRX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 3.09% | 12.17% | 3.83% | 8.79% | -12.81% | 9.23% | 5.32% | 16.40% | -6.31% | 10.80% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.24% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, SWJRX achieves a 3.09% return, which is significantly higher than SCHO's 0.24% return. Over the past 10 years, SWJRX has outperformed SCHO with an annualized return of 5.07%, while SCHO has yielded a comparatively lower 1.71% annualized return.
SWJRX
- 1D
- 0.37%
- 1M
- -4.10%
- YTD
- 3.09%
- 6M
- 5.56%
- 1Y
- 11.26%
- 3Y*
- 8.50%
- 5Y*
- 4.04%
- 10Y*
- 5.07%
SCHO
- 1D
- 0.08%
- 1M
- -0.45%
- YTD
- 0.24%
- 6M
- 1.40%
- 1Y
- 3.77%
- 3Y*
- 3.99%
- 5Y*
- 1.79%
- 10Y*
- 1.71%
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SWJRX vs. SCHO - Expense Ratio Comparison
SWJRX has a 0.00% expense ratio, which is lower than SCHO's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SWJRX vs. SCHO — Risk / Return Rank
SWJRX
SCHO
SWJRX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Moderate Payout (SWJRX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
| SWJRX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.49 | -0.91 |
Sortino ratioReturn per unit of downside risk | 2.17 | 4.00 | -1.83 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.51 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.44 | -2.60 |
Martin ratioReturn relative to average drawdown | 8.43 | 17.55 | -9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWJRX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.49 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.91 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 1.11 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.00 | -0.42 |
Correlation
The correlation between SWJRX and SCHO is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SWJRX vs. SCHO - Dividend Comparison
SWJRX's dividend yield for the trailing twelve months is around 4.31%, more than SCHO's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 4.31% | 4.78% | 4.94% | 4.80% | 8.67% | 3.62% | 2.49% | 5.36% | 3.47% | 2.93% | 6.05% | 6.80% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.66% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
SWJRX vs. SCHO - Drawdown Comparison
The maximum SWJRX drawdown since its inception was -25.61%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for SWJRX and SCHO.
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Drawdown Indicators
| SWJRX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -5.69% | -19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -0.86% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -20.87% | -5.69% | -15.18% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | -5.69% | -15.18% |
Current DrawdownCurrent decline from peak | -4.10% | -0.45% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -0.61% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.22% | +1.16% |
Volatility
SWJRX vs. SCHO - Volatility Comparison
Schwab Monthly Income Fund - Moderate Payout (SWJRX) has a higher volatility of 2.33% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.52%. This indicates that SWJRX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWJRX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 0.52% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 0.87% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 1.52% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 1.97% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 1.55% | +7.02% |