SWKRX vs. SWOBX
Compare and contrast key facts about Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and Schwab Balanced Fund™ (SWOBX).
SWKRX is managed by Charles Schwab. It was launched on Mar 27, 2008. SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996.
Performance
SWKRX vs. SWOBX - Performance Comparison
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SWKRX vs. SWOBX - 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% |
SWOBX Schwab Balanced Fund™ | -4.75% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
Returns By Period
In the year-to-date period, SWKRX achieves a 3.06% return, which is significantly higher than SWOBX's -4.75% return. Over the past 10 years, SWKRX has underperformed SWOBX with an annualized return of 4.44%, while SWOBX has yielded a comparatively higher 7.90% 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%
SWOBX
- 1D
- -0.06%
- 1M
- -6.07%
- YTD
- -4.75%
- 6M
- -2.83%
- 1Y
- 9.96%
- 3Y*
- 10.26%
- 5Y*
- 5.35%
- 10Y*
- 7.90%
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SWKRX vs. SWOBX - Expense Ratio Comparison
SWKRX 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%.
Return for Risk
SWKRX vs. SWOBX — Risk / Return Rank
SWKRX
SWOBX
SWKRX vs. SWOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) 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.
| SWKRX | SWOBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.90 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.37 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.23 | +0.61 |
Martin ratioReturn relative to average drawdown | 8.48 | 5.34 | +3.15 |
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 | SWOBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.90 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.39 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.62 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.58 | +0.12 |
Correlation
The correlation between SWKRX and SWOBX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWKRX vs. SWOBX - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 3.97%, less than SWOBX's 5.75% 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% |
SWOBX Schwab Balanced Fund™ | 5.75% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
Drawdowns
SWKRX vs. SWOBX - Drawdown Comparison
The maximum SWKRX drawdown since its inception was -20.69%, smaller than the maximum SWOBX drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SWKRX and SWOBX.
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Drawdown Indicators
| SWKRX | SWOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -35.99% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -7.36% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -28.30% | +7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | -28.30% | +7.61% |
Current DrawdownCurrent decline from peak | -4.09% | -6.58% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -6.25% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.69% | -0.33% |
Volatility
SWKRX vs. SWOBX - Volatility Comparison
The current volatility for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) is 2.37%, while Schwab Balanced Fund™ (SWOBX) has a volatility of 3.45%. This indicates that SWKRX 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
| SWKRX | SWOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.45% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 6.32% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 11.23% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 13.91% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 12.83% | -5.80% |