SWKRX vs. BIL
Compare and contrast key facts about Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SWKRX is managed by Charles Schwab. It was launched on Mar 27, 2008. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Performance
SWKRX vs. BIL - Performance Comparison
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SWKRX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 3.06% | 12.14% | 3.85% | 8.71% | -12.47% | 5.73% | 6.11% | 13.79% | -4.20% | 8.19% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, SWKRX achieves a 3.06% return, which is significantly higher than BIL's 0.85% return. Over the past 10 years, SWKRX has outperformed BIL with an annualized return of 4.44%, while BIL has yielded a comparatively lower 2.12% annualized return.
SWKRX
- 1D
- 0.36%
- 1M
- -4.09%
- YTD
- 3.06%
- 6M
- 5.58%
- 1Y
- 11.14%
- 3Y*
- 8.47%
- 5Y*
- 3.78%
- 10Y*
- 4.44%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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SWKRX vs. BIL - Expense Ratio Comparison
SWKRX has a 0.00% expense ratio, which is lower than BIL's 0.14% 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
SWKRX vs. BIL — Risk / Return Rank
SWKRX
BIL
SWKRX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
| SWKRX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 19.52 | -17.95 |
Sortino ratioReturn per unit of downside risk | 2.15 | 254.04 | -251.89 |
Omega ratioGain probability vs. loss probability | 1.32 | 180.28 | -178.96 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 365.54 | -363.70 |
Martin ratioReturn relative to average drawdown | 8.48 | 4,104.04 | -4,095.56 |
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
| SWKRX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 19.52 | -17.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 12.54 | -12.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 8.22 | -7.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 2.72 | -2.03 |
Correlation
The correlation between SWKRX and BIL 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.
Dividends
SWKRX vs. BIL - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 3.97%, which matches BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 3.97% | 4.41% | 4.73% | 4.69% | 7.47% | 3.93% | 3.02% | 4.66% | 3.10% | 2.71% | 4.71% | 2.27% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
SWKRX vs. BIL - Drawdown Comparison
The maximum SWKRX drawdown since its inception was -20.69%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SWKRX and BIL.
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Drawdown Indicators
| SWKRX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -0.78% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -0.01% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -0.12% | -20.57% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | -0.21% | -20.48% |
Current DrawdownCurrent decline from peak | -4.09% | 0.00% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -0.26% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 0.00% | +1.36% |
Volatility
SWKRX vs. BIL - Volatility Comparison
Schwab Monthly Income Fund - Enhanced Payout (SWKRX) has a higher volatility of 2.37% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that SWKRX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWKRX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.05% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 0.14% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 0.21% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 0.26% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 0.26% | +6.77% |