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SWNTX vs. SWAGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SWNTX vs. SWAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Tax-Free Bond Fund™ (SWNTX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
2.97%
3.25%
SWNTX
SWAGX

Returns By Period

In the year-to-date period, SWNTX achieves a 1.95% return, which is significantly higher than SWAGX's 1.39% return.


SWNTX

YTD

1.95%

1M

0.93%

6M

2.96%

1Y

5.58%

5Y (annualized)

0.76%

10Y (annualized)

1.54%

SWAGX

YTD

1.39%

1M

-0.46%

6M

3.25%

1Y

6.14%

5Y (annualized)

-0.37%

10Y (annualized)

N/A

Key characteristics


SWNTXSWAGX
Sharpe Ratio1.891.07
Sortino Ratio2.841.57
Omega Ratio1.431.19
Calmar Ratio0.770.41
Martin Ratio7.513.34
Ulcer Index0.74%1.84%
Daily Std Dev2.96%5.74%
Max Drawdown-12.93%-18.84%
Current Drawdown-2.02%-9.21%

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SWNTX vs. SWAGX - Expense Ratio Comparison

SWNTX has a 0.48% expense ratio, which is higher than SWAGX's 0.04% expense ratio.


SWNTX
Schwab Tax-Free Bond Fund™
Expense ratio chart for SWNTX: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%
Expense ratio chart for SWAGX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.5

The correlation between SWNTX and SWAGX is 0.52, 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.

Risk-Adjusted Performance

SWNTX vs. SWAGX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Tax-Free Bond Fund™ (SWNTX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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.


Sharpe ratio
The chart of Sharpe ratio for SWNTX, currently valued at 1.89, compared to the broader market-1.000.001.002.003.004.005.001.891.07
The chart of Sortino ratio for SWNTX, currently valued at 2.84, compared to the broader market0.005.0010.002.841.57
The chart of Omega ratio for SWNTX, currently valued at 1.43, compared to the broader market1.002.003.004.001.431.19
The chart of Calmar ratio for SWNTX, currently valued at 0.77, compared to the broader market0.005.0010.0015.0020.000.770.41
The chart of Martin ratio for SWNTX, currently valued at 7.51, compared to the broader market0.0020.0040.0060.0080.00100.007.513.34
SWNTX
SWAGX

The current SWNTX Sharpe Ratio is 1.89, which is higher than the SWAGX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of SWNTX and SWAGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.89
1.07
SWNTX
SWAGX

Dividends

SWNTX vs. SWAGX - Dividend Comparison

SWNTX's dividend yield for the trailing twelve months is around 3.41%, less than SWAGX's 3.80% yield.


TTM20232022202120202019201820172016201520142013
SWNTX
Schwab Tax-Free Bond Fund™
3.41%3.06%2.33%1.67%1.97%2.31%2.42%2.34%2.24%2.22%2.30%2.38%
SWAGX
Schwab U.S. Aggregate Bond Index Fund
3.80%3.22%2.60%2.06%2.36%2.86%2.80%1.99%0.00%0.00%0.00%0.00%

Drawdowns

SWNTX vs. SWAGX - Drawdown Comparison

The maximum SWNTX drawdown since its inception was -12.93%, smaller than the maximum SWAGX drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for SWNTX and SWAGX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.02%
-9.21%
SWNTX
SWAGX

Volatility

SWNTX vs. SWAGX - Volatility Comparison

The current volatility for Schwab Tax-Free Bond Fund™ (SWNTX) is 1.28%, while Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a volatility of 1.51%. This indicates that SWNTX experiences smaller price fluctuations and is considered to be less risky than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.28%
1.51%
SWNTX
SWAGX