SWSBX vs. ASBAX
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and American Funds Short-Term Bond Fund of America (ASBAX).
SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017. ASBAX is managed by American Funds. It was launched on Oct 2, 2006.
Performance
SWSBX vs. ASBAX - Performance Comparison
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SWSBX vs. ASBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | -0.16% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
ASBAX American Funds Short-Term Bond Fund of America | -0.15% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.46% |
Returns By Period
In the year-to-date period, SWSBX achieves a -0.16% return, which is significantly lower than ASBAX's -0.15% return.
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
- —
ASBAX
- 1D
- 0.10%
- 1M
- -0.73%
- YTD
- -0.15%
- 6M
- 0.79%
- 1Y
- 3.21%
- 3Y*
- 3.75%
- 5Y*
- 1.55%
- 10Y*
- 1.58%
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SWSBX vs. ASBAX - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Return for Risk
SWSBX vs. ASBAX — Risk / Return Rank
SWSBX
ASBAX
SWSBX vs. ASBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and American Funds Short-Term Bond Fund of America (ASBAX). 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.
| SWSBX | ASBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.71 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.60 | 2.97 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.95 | -0.24 |
Martin ratioReturn relative to average drawdown | 9.85 | 11.41 | -1.56 |
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
| SWSBX | ASBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.71 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.71 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.96 | -0.20 |
Correlation
The correlation between SWSBX and ASBAX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWSBX vs. ASBAX - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.79%, more than ASBAX's 3.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
ASBAX American Funds Short-Term Bond Fund of America | 3.49% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
Drawdowns
SWSBX vs. ASBAX - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, which is greater than ASBAX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for SWSBX and ASBAX.
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Drawdown Indicators
| SWSBX | ASBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -6.29% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.24% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -6.23% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.29% | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.83% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -0.68% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.32% | +0.10% |
Volatility
SWSBX vs. ASBAX - Volatility Comparison
Schwab Short-Term Bond Index Fund (SWSBX) has a higher volatility of 0.73% compared to American Funds Short-Term Bond Fund of America (ASBAX) at 0.61%. This indicates that SWSBX's price experiences larger fluctuations and is considered to be riskier than ASBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | ASBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.61% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.23% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.92% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.20% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 1.81% | +0.66% |