SWKRX vs. BIL
SWKRX (Schwab Monthly Income Fund - Enhanced Payout) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both funds - SWKRX is a Diversified Portfolio fund managed by Charles Schwab, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past 10 years, SWKRX returned 4.62%/yr vs 2.20%/yr for BIL. At a correlation of -0.00, they often move in opposite directions. SWKRX charges 0.00%/yr vs 0.14%/yr for BIL.
Performance
SWKRX vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, SWKRX achieves a 6.18% return, which is significantly higher than BIL's 1.66% return. Over the past 10 years, SWKRX has outperformed BIL with an annualized return of 4.62%, while BIL has yielded a comparatively lower 2.20% annualized return.
SWKRX
- 1D
- -0.09%
- 1M
- -0.53%
- YTD
- 6.18%
- 6M
- 6.27%
- 1Y
- 13.19%
- 3Y*
- 9.22%
- 5Y*
- 3.89%
- 10Y*
- 4.62%
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
SWKRX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 6.18% | 12.14% | 3.85% | 8.71% | -12.47% | 5.73% | 6.11% | 13.79% | -4.20% | 8.19% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between SWKRX and BIL is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | -0.00 |
The correlation between SWKRX and BIL shifts across timeframes, from -0.09 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.
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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 Bloomberg 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWKRX | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.10 | ||
| Sortino ratioReturn per unit of downside risk | -169.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 87.41 | -85.99 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 353.28 | -350.38 |
| Martin ratioReturn relative to average drawdown | 10.53 | 2,801.35 | -2,790.82 |
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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 | -4.53% | -0.01% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -0.01% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -0.09% | -20.60% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | -0.21% | -20.48% |
Current DrawdownCurrent decline from peak | -1.19% | 0.00% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -0.26% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.00% | +1.24% |
Volatility
SWKRX vs. BIL - Volatility Comparison
Schwab Monthly Income Fund - Enhanced Payout (SWKRX) has a higher volatility of 1.71% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. 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 | 1.71% | 0.07% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 0.14% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 0.20% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 0.26% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 0.26% | +6.82% |
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%.
Dividends
SWKRX vs. BIL - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 4.28%, more than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 4.28% | 4.41% | 4.73% | 4.69% | 7.47% | 3.93% | 3.02% | 4.66% | 3.10% | 2.71% | 4.71% | 2.27% |
Frequently Asked Questions
SWKRX and BIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWKRX has higher volatility (1.71%) compared to BIL (0.07%). In terms of maximum drawdown, SWKRX dropped -20.69% vs BIL's -0.78%.
BIL currently has the higher Sharpe Ratio (19.37 vs 2.27), 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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