SWRSX vs. SWAGX

Last updated Jun 23, 2026

SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) and SWAGX (Schwab U.S. Aggregate Bond Index Fund) are both mutual funds - SWRSX is a Inflation-Protected Bonds fund managed by Charles Schwab, while SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Over the past 5 years, SWRSX returned 1.08%/yr vs -0.16%/yr for SWAGX. A 0.78 correlation means they provide meaningful diversification when combined. SWRSX charges 0.05%/yr vs 0.04%/yr for SWAGX.

Performance

SWRSX vs. SWAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWRSX achieves a 1.23% return, which is significantly higher than SWAGX's 0.38% return.

SWRSX

• 1D: 0.29%
• 1M: 0.29%
• YTD: 1.23%
• 6M: 1.33%
• 1Y: 3.97%
• 3Y*: 3.85%
• 5Y*: 1.08%
• 10Y*: 2.61%

SWAGX

• 1D: 0.22%
• 1M: 0.81%
• YTD: 0.38%
• 6M: 0.74%
• 1Y: 4.66%
• 3Y*: 4.01%
• 5Y*: -0.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWRSX vs. SWAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	1.23%	6.84%	1.95%	3.80%	-12.01%	5.83%	10.88%	8.38%	-1.32%	1.67%
SWAGX Schwab U.S. Aggregate Bond Index Fund	0.38%	7.11%	1.38%	5.46%	-13.62%	-2.29%	7.39%	8.64%	-0.11%	2.62%

Correlation

The correlation between SWRSX and SWAGX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017	0.78

The correlation between SWRSX and SWAGX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

Return for Risk

SWRSX vs. SWAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWRSX

SWRSX Risk / Return Rank: 28
SWRSX Sharpe Ratio Rank: 24
SWRSX Sortino Ratio Rank: 26
SWRSX Omega Ratio Rank: 24
SWRSX Calmar Ratio Rank: 37
SWRSX Martin Ratio Rank: 31

SWAGX

SWAGX Risk / Return Rank: 20
SWAGX Sharpe Ratio Rank: 21
SWAGX Sortino Ratio Rank: 22
SWAGX Omega Ratio Rank: 19
SWAGX Calmar Ratio Rank: 21
SWAGX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWRSX vs. SWAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SWRSX	SWAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.21	+0.10
Sortino ratio: Return per unit of downside risk	1.98	1.84	+0.14
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	2.20	1.57	+0.63
Martin ratio: Return relative to average drawdown	6.58	4.48	+2.10

SWRSX vs. SWAGX - Sharpe Ratio Comparison

The current SWRSX Sharpe Ratio is 1.31, which is comparable to the SWAGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of SWRSX and SWAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWRSX vs. SWAGX - Drawdown Comparison

The maximum SWRSX drawdown since its inception was -14.29%, smaller than the maximum SWAGX drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for SWRSX and SWAGX.

Drawdown Indicators

	SWRSX	SWAGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-19.68%	+5.39%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-3.05%	+1.15%
Max Drawdown (3Y) Largest decline over 3 years	-4.46%	-6.14%	+1.68%
Max Drawdown (5Y) Largest decline over 5 years	-14.29%	-18.76%	+4.47%
Max Drawdown (10Y) Largest decline over 10 years	-14.29%	—	—
Current Drawdown Current decline from peak	-0.57%	-3.38%	+2.81%
Average Drawdown Average peak-to-trough decline	-3.72%	-5.67%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	1.07%	-0.43%

Volatility

SWRSX vs. SWAGX - Volatility Comparison

The current volatility for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) is 1.05%, while Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a volatility of 1.14%. This indicates that SWRSX 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.

Volatility by Period

	SWRSX	SWAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.14%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	2.94%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	3.95%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.02%	6.09%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	5.11%	+0.26%

SWRSX vs. SWAGX - Expense Ratio Comparison

SWRSX has a 0.05% expense ratio, which is higher than SWAGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SWRSX vs. SWAGX - Dividend Comparison

SWRSX's dividend yield for the trailing twelve months is around 3.80%, less than SWAGX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWAGX Schwab U.S. Aggregate Bond Index Fund	4.13%	4.02%	3.88%	3.22%	1.93%	1.56%	2.47%	2.87%	2.80%	1.98%	0.00%	0.00%
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	3.80%	4.20%	3.68%	3.11%	7.95%	4.45%	1.33%	2.20%	2.87%	1.75%	1.81%	1.06%

Frequently Asked Questions

Can I hold both SWRSX and SWAGX in my portfolio?

SWRSX and SWAGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWRSX or SWAGX?

SWAGX has higher volatility (1.14%) compared to SWRSX (1.05%). In terms of maximum drawdown, SWRSX dropped -14.29% vs SWAGX's -19.68%.

Which has better risk-adjusted returns?

SWRSX currently has the higher Sharpe Ratio (1.31 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.