SWLRX vs. BIL
Compare and contrast key facts about Schwab Monthly Income Fund - Maximum Payout (SWLRX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SWLRX 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
SWLRX vs. BIL - Performance Comparison
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SWLRX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWLRX Schwab Monthly Income Fund - Maximum Payout | 1.80% | 9.85% | 3.75% | 8.04% | -12.49% | 2.33% | 6.93% | 11.18% | -2.31% | 5.64% |
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, SWLRX achieves a 1.80% return, which is significantly higher than BIL's 0.85% return. Over the past 10 years, SWLRX has outperformed BIL with an annualized return of 3.34%, while BIL has yielded a comparatively lower 2.12% annualized return.
SWLRX
- 1D
- 0.41%
- 1M
- -3.09%
- YTD
- 1.80%
- 6M
- 3.62%
- 1Y
- 8.40%
- 3Y*
- 6.97%
- 5Y*
- 2.62%
- 10Y*
- 3.34%
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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SWLRX vs. BIL - Expense Ratio Comparison
SWLRX 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
SWLRX vs. BIL — Risk / Return Rank
SWLRX
BIL
SWLRX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Maximum Payout (SWLRX) 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.
| SWLRX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 19.52 | -17.94 |
Sortino ratioReturn per unit of downside risk | 2.17 | 254.04 | -251.87 |
Omega ratioGain probability vs. loss probability | 1.31 | 180.28 | -178.96 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 365.54 | -363.57 |
Martin ratioReturn relative to average drawdown | 8.47 | 4,104.04 | -4,095.57 |
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
| SWLRX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 19.52 | -17.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 12.54 | -12.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 8.22 | -7.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 2.72 | -1.92 |
Correlation
The correlation between SWLRX and BIL is 0.02, 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
SWLRX vs. BIL - Dividend Comparison
SWLRX's dividend yield for the trailing twelve months is around 4.23%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLRX Schwab Monthly Income Fund - Maximum Payout | 4.23% | 4.63% | 4.94% | 4.10% | 4.63% | 3.07% | 2.19% | 3.22% | 3.30% | 2.47% | 4.00% | 4.31% |
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
SWLRX vs. BIL - Drawdown Comparison
The maximum SWLRX drawdown since its inception was -18.60%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SWLRX and BIL.
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Drawdown Indicators
| SWLRX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -0.78% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -0.01% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -0.12% | -18.48% |
Max Drawdown (10Y)Largest decline over 10 years | -18.60% | -0.21% | -18.39% |
Current DrawdownCurrent decline from peak | -3.09% | 0.00% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.26% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.00% | +1.04% |
Volatility
SWLRX vs. BIL - Volatility Comparison
Schwab Monthly Income Fund - Maximum Payout (SWLRX) has a higher volatility of 1.90% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that SWLRX'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
| SWLRX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.05% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 0.14% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 0.21% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 0.26% | +5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 0.26% | +4.84% |