SWJRX vs. SWOBX
SWJRX (Schwab Monthly Income Fund - Moderate Payout) and SWOBX (Schwab Balanced Fund™) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWJRX returned 5.24%/yr vs 8.92%/yr for SWOBX. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.00% expense ratio.
Performance
SWJRX vs. SWOBX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWJRX having a 6.49% return and SWOBX slightly lower at 6.26%. Over the past 10 years, SWJRX has underperformed SWOBX with an annualized return of 5.24%, while SWOBX has yielded a comparatively higher 8.92% annualized return.
SWJRX
- 1D
- 0.18%
- 1M
- 0.96%
- YTD
- 6.49%
- 6M
- 6.82%
- 1Y
- 14.22%
- 3Y*
- 9.87%
- 5Y*
- 3.94%
- 10Y*
- 5.24%
SWOBX
- 1D
- 0.05%
- 1M
- 3.09%
- YTD
- 6.26%
- 6M
- 6.11%
- 1Y
- 17.29%
- 3Y*
- 13.39%
- 5Y*
- 6.93%
- 10Y*
- 8.92%
SWJRX vs. SWOBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 6.49% | 12.17% | 3.83% | 8.79% | -12.81% | 9.23% | 5.32% | 16.40% | -6.31% | 10.80% |
SWOBX Schwab Balanced Fund™ | 6.26% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
Correlation
The correlation between SWJRX and SWOBX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.87 |
Over the past year, the correlation between SWJRX and SWOBX has dropped to 0.60 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
SWJRX vs. SWOBX — Risk / Return Rank
SWJRX
SWOBX
SWJRX vs. SWOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Moderate Payout (SWJRX) and Schwab Balanced Fund™ (SWOBX). 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 | SWOBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.38 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.68 | +0.44 |
| Martin ratioReturn relative to average drawdown | 11.31 | 11.90 | -0.58 |
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 | SWOBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.06 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.50 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.70 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.61 | -0.01 |
Drawdowns
SWJRX vs. SWOBX - Drawdown Comparison
The maximum SWJRX drawdown since its inception was -25.61%, smaller than the maximum SWOBX drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SWJRX and SWOBX.
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Drawdown Indicators
| SWJRX | SWOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -35.99% | +10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -6.58% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.18% | -11.72% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.87% | -28.30% | +7.43% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | -28.30% | +7.43% |
Current DrawdownCurrent decline from peak | -0.93% | 0.00% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -6.21% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.48% | -0.23% |
Volatility
SWJRX vs. SWOBX - Volatility Comparison
The current volatility for Schwab Monthly Income Fund - Moderate Payout (SWJRX) is 1.65%, while Schwab Balanced Fund™ (SWOBX) has a volatility of 2.53%. This indicates that SWJRX experiences smaller price fluctuations and is considered to be less risky than SWOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWJRX | SWOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 2.53% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 6.74% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 8.58% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 13.96% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.58% | 12.88% | -4.30% |
SWJRX vs. SWOBX - Expense Ratio Comparison
SWJRX has a 0.00% expense ratio, which is lower than SWOBX's 0.00% 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%.
Dividends
SWJRX vs. SWOBX - Dividend Comparison
SWJRX's dividend yield for the trailing twelve months is around 4.68%, less than SWOBX's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 4.68% | 4.78% | 4.94% | 4.80% | 8.67% | 3.62% | 2.49% | 5.36% | 3.47% | 2.93% | 6.05% | 6.80% |
SWOBX Schwab Balanced Fund™ | 5.15% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
Frequently Asked Questions
SWJRX and SWOBX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWOBX has higher volatility (2.53%) compared to SWJRX (1.65%). In terms of maximum drawdown, SWJRX dropped -25.61% vs SWOBX's -35.99%.
SWJRX currently has the higher Sharpe Ratio (2.50 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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