SWSBX vs. BNDW
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and Vanguard Total World Bond ETF (BNDW).
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. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018. Both SWSBX and BNDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SWSBX vs. BNDW - Performance Comparison
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SWSBX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.30% |
BNDW Vanguard Total World Bond ETF | -0.03% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, SWSBX achieves a -0.27% return, which is significantly lower than BNDW's -0.03% return.
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
- —
BNDW
- 1D
- 0.35%
- 1M
- -1.98%
- YTD
- -0.03%
- 6M
- 0.57%
- 1Y
- 3.50%
- 3Y*
- 3.73%
- 5Y*
- 0.20%
- 10Y*
- —
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SWSBX vs. BNDW - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is higher than BNDW's 0.05% 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%.
Return for Risk
SWSBX vs. BNDW — Risk / Return Rank
SWSBX
BNDW
SWSBX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and Vanguard Total World Bond ETF (BNDW). 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 | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.00 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.40 | +1.43 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.34 | +1.45 |
Martin ratioReturn relative to average drawdown | 10.25 | 4.97 | +5.28 |
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 | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.00 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.04 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.37 | +0.39 |
Correlation
The correlation between SWSBX and BNDW is 0.75, 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. BNDW - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.79%, less than BNDW's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BNDW Vanguard Total World Bond ETF | 4.16% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% |
Drawdowns
SWSBX vs. BNDW - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for SWSBX and BNDW.
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Drawdown Indicators
| SWSBX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -17.22% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.70% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -16.93% | +7.87% |
Current DrawdownCurrent decline from peak | -1.23% | -1.98% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -5.05% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.72% | -0.30% |
Volatility
SWSBX vs. BNDW - Volatility Comparison
The current volatility for Schwab Short-Term Bond Index Fund (SWSBX) is 0.73%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.66%. This indicates that SWSBX experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.66% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 2.28% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 3.53% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 5.17% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 4.92% | -2.45% |