SWKRX vs. SWSBX
Compare and contrast key facts about Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and Schwab Short-Term Bond Index Fund (SWSBX).
SWKRX is managed by Charles Schwab. It was launched on Mar 27, 2008. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
SWKRX vs. SWSBX - Performance Comparison
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SWKRX vs. SWSBX - 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% | 5.93% |
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, SWKRX achieves a 3.06% return, which is significantly higher than SWSBX's -0.27% 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%
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
- —
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SWKRX vs. SWSBX - Expense Ratio Comparison
SWKRX has a 0.00% expense ratio, which is lower than SWSBX's 0.06% 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. SWSBX — Risk / Return Rank
SWKRX
SWSBX
SWKRX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and Schwab Short-Term Bond Index Fund (SWSBX). 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 | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.71 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.15 | 2.83 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.79 | -0.94 |
Martin ratioReturn relative to average drawdown | 8.48 | 10.25 | -1.77 |
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 | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.71 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.42 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.76 | -0.07 |
Correlation
The correlation between SWKRX and SWSBX is 0.33, 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
SWKRX vs. SWSBX - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 3.97%, more than SWSBX's 3.79% 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% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
SWKRX vs. SWSBX - Drawdown Comparison
The maximum SWKRX drawdown since its inception was -20.69%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for SWKRX and SWSBX.
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Drawdown Indicators
| SWKRX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -9.06% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -1.54% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -9.06% | -11.63% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | — | — |
Current DrawdownCurrent decline from peak | -4.09% | -1.23% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -1.81% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 0.42% | +0.94% |
Volatility
SWKRX vs. SWSBX - Volatility Comparison
Schwab Monthly Income Fund - Enhanced Payout (SWKRX) has a higher volatility of 2.37% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that SWKRX's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWKRX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.73% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 1.49% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 2.40% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 2.95% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 2.47% | +4.56% |