SWLRX vs. FXNAX
Compare and contrast key facts about Schwab Monthly Income Fund - Maximum Payout (SWLRX) and Fidelity U.S. Bond Index Fund (FXNAX).
SWLRX is managed by Charles Schwab. It was launched on Mar 27, 2008. FXNAX is managed by Fidelity.
Performance
SWLRX vs. FXNAX - Performance Comparison
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SWLRX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWLRX Schwab Monthly Income Fund - Maximum Payout | 2.01% | 9.85% | 3.75% | 8.04% | -12.49% | 2.33% | 6.93% | 11.18% | -2.31% | 5.64% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
In the year-to-date period, SWLRX achieves a 2.01% return, which is significantly higher than FXNAX's -0.26% return. Over the past 10 years, SWLRX has outperformed FXNAX with an annualized return of 3.37%, while FXNAX has yielded a comparatively lower 1.54% annualized return.
SWLRX
- 1D
- 0.21%
- 1M
- -2.50%
- YTD
- 2.01%
- 6M
- 3.51%
- 1Y
- 8.40%
- 3Y*
- 7.05%
- 5Y*
- 2.54%
- 10Y*
- 3.37%
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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SWLRX vs. FXNAX - Expense Ratio Comparison
SWLRX has a 0.00% expense ratio, which is lower than FXNAX's 0.03% 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. FXNAX — Risk / Return Rank
SWLRX
FXNAX
SWLRX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Maximum Payout (SWLRX) and Fidelity U.S. Bond Index Fund (FXNAX). 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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.93 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.33 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.66 | +0.31 |
Martin ratioReturn relative to average drawdown | 8.34 | 4.68 | +3.66 |
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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.93 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.02 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.31 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.45 | +0.35 |
Correlation
The correlation between SWLRX and FXNAX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SWLRX vs. FXNAX - Dividend Comparison
SWLRX's dividend yield for the trailing twelve months is around 4.22%, more than FXNAX's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLRX Schwab Monthly Income Fund - Maximum Payout | 4.22% | 4.63% | 4.94% | 4.10% | 4.63% | 3.07% | 2.19% | 3.22% | 3.30% | 2.47% | 4.00% | 4.31% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
SWLRX vs. FXNAX - Drawdown Comparison
The maximum SWLRX drawdown since its inception was -18.60%, roughly equal to the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for SWLRX and FXNAX.
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Drawdown Indicators
| SWLRX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -19.51% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -2.71% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -18.54% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.60% | -19.51% | +0.91% |
Current DrawdownCurrent decline from peak | -2.89% | -3.53% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.87% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.96% | +0.10% |
Volatility
SWLRX vs. FXNAX - Volatility Comparison
Schwab Monthly Income Fund - Maximum Payout (SWLRX) has a higher volatility of 1.91% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.55%. This indicates that SWLRX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWLRX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.55% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 2.58% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 4.35% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.04% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 4.99% | +0.11% |