SWOBX vs. GAA
Compare and contrast key facts about Schwab Balanced Fund™ (SWOBX) and Cambria Global Asset Allocation ETF (GAA).
SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWOBX or GAA.
Key characteristics
| SWOBX | GAA | |
|---|---|---|
| YTD Return | 12.16% | 7.26% |
| 1Y Return | 19.67% | 12.89% |
| 3Y Return (Ann) | 3.50% | 2.15% |
| 5Y Return (Ann) | 8.13% | 5.97% |
| Sharpe Ratio | 1.97 | 1.39 |
| Daily Std Dev | 9.50% | 10.25% |
| Max Drawdown | -39.02% | -26.57% |
| Current Drawdown | 0.00% | -0.64% |
Correlation
The correlation between SWOBX and GAA is 0.59, 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.
Performance
SWOBX vs. GAA - Performance Comparison
In the year-to-date period, SWOBX achieves a 12.16% return, which is significantly higher than GAA's 7.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWOBX vs. GAA - Expense Ratio Comparison
SWOBX has a 0.00% expense ratio, which is lower than GAA's 0.41% expense ratio.
Risk-Adjusted Performance
SWOBX vs. GAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Cambria Global Asset Allocation ETF (GAA). 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.
Dividends
SWOBX vs. GAA - Dividend Comparison
SWOBX's dividend yield for the trailing twelve months is around 6.99%, more than GAA's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | 6.99% | 7.84% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% | 5.05% | 1.42% |
GAA Cambria Global Asset Allocation ETF | 3.23% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.01% | 2.36% | 2.82% | 2.49% | 0.57% | 0.00% |
Drawdowns
SWOBX vs. GAA - Drawdown Comparison
The maximum SWOBX drawdown since its inception was -39.02%, which is greater than GAA's maximum drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for SWOBX and GAA. For additional features, visit the drawdowns tool.
Volatility
SWOBX vs. GAA - Volatility Comparison
Schwab Balanced Fund™ (SWOBX) has a higher volatility of 2.43% compared to Cambria Global Asset Allocation ETF (GAA) at 2.11%. This indicates that SWOBX's price experiences larger fluctuations and is considered to be riskier than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.