SWJRX vs. SWNTX
Compare and contrast key facts about Schwab Monthly Income Fund - Moderate Payout (SWJRX) and Schwab Tax-Free Bond Fund™ (SWNTX).
SWJRX is managed by Charles Schwab. It was launched on Mar 27, 2008. SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992.
Performance
SWJRX vs. SWNTX - Performance Comparison
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SWJRX vs. SWNTX - 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% |
SWNTX Schwab Tax-Free Bond Fund™ | -0.62% | 4.20% | 1.57% | 5.09% | -8.57% | 0.37% | 4.45% | 6.55% | 0.88% | 4.29% |
Returns By Period
In the year-to-date period, SWJRX achieves a 3.09% return, which is significantly higher than SWNTX's -0.62% return. Over the past 10 years, SWJRX has outperformed SWNTX with an annualized return of 5.07%, while SWNTX has yielded a comparatively lower 1.55% 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%
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%
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SWJRX vs. SWNTX - Expense Ratio Comparison
SWJRX has a 0.00% expense ratio, which is lower than SWNTX's 0.48% expense ratio.
Return for Risk
SWJRX vs. SWNTX — Risk / Return Rank
SWJRX
SWNTX
SWJRX vs. SWNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Moderate Payout (SWJRX) 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.
| SWJRX | SWNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.02 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.38 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.08 | +0.76 |
Martin ratioReturn relative to average drawdown | 8.43 | 3.58 | +4.86 |
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 | SWNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.02 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.13 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.44 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.15 | -0.57 |
Correlation
The correlation between SWJRX and SWNTX is 0.04, 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. SWNTX - Dividend Comparison
SWJRX's dividend yield for the trailing twelve months is around 4.31%, more than SWNTX's 3.26% 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% |
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
SWJRX vs. SWNTX - Drawdown Comparison
The maximum SWJRX drawdown since its inception was -25.61%, which is greater than SWNTX's maximum drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for SWJRX and SWNTX.
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Drawdown Indicators
| SWJRX | SWNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -13.26% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -4.40% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.87% | -13.26% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | -13.26% | -7.61% |
Current DrawdownCurrent decline from peak | -4.10% | -2.70% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -1.89% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
SWJRX vs. SWNTX - Volatility Comparison
Schwab Monthly Income Fund - Moderate Payout (SWJRX) has a higher volatility of 2.33% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.94%. This indicates that SWJRX'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.
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Volatility by Period
| SWJRX | SWNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 0.94% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 1.57% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 4.43% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 3.45% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 3.56% | +5.01% |