SWSBX vs. DFAIX
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and DFA Short-Duration Real Return Portfolio (DFAIX).
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. DFAIX is managed by Dimensional. It was launched on Nov 5, 2013.
Performance
SWSBX vs. DFAIX - Performance Comparison
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SWSBX vs. DFAIX - 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% |
DFAIX DFA Short-Duration Real Return Portfolio | 0.86% | 4.86% | 6.38% | 5.64% | -2.77% | 5.40% | 2.75% | 5.63% | 0.11% | 0.69% |
Returns By Period
In the year-to-date period, SWSBX achieves a -0.16% return, which is significantly lower than DFAIX's 0.86% return.
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
- —
DFAIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.86%
- 6M
- 1.22%
- 1Y
- 3.68%
- 3Y*
- 5.27%
- 5Y*
- 3.80%
- 10Y*
- 3.20%
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SWSBX vs. DFAIX - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is lower than DFAIX's 0.22% expense ratio. Despite the difference, 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. DFAIX — Risk / Return Rank
SWSBX
DFAIX
SWSBX vs. DFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and DFA Short-Duration Real Return Portfolio (DFAIX). 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 | DFAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 3.49 | -1.90 |
Sortino ratioReturn per unit of downside risk | 2.60 | 5.81 | -3.20 |
Omega ratioGain probability vs. loss probability | 1.33 | 2.05 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 8.23 | -5.51 |
Martin ratioReturn relative to average drawdown | 9.85 | 32.03 | -22.18 |
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 | DFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 3.49 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.20 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.08 | -0.32 |
Correlation
The correlation between SWSBX and DFAIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SWSBX vs. DFAIX - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.79%, less than DFAIX's 4.61% 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% |
DFAIX DFA Short-Duration Real Return Portfolio | 4.61% | 4.65% | 4.14% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% |
Drawdowns
SWSBX vs. DFAIX - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, which is greater than DFAIX's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for SWSBX and DFAIX.
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Drawdown Indicators
| SWSBX | DFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -5.63% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -0.47% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -5.46% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.63% | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.28% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -0.95% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.12% | +0.30% |
Volatility
SWSBX vs. DFAIX - Volatility Comparison
Schwab Short-Term Bond Index Fund (SWSBX) has a higher volatility of 0.73% compared to DFA Short-Duration Real Return Portfolio (DFAIX) at 0.49%. This indicates that SWSBX's price experiences larger fluctuations and is considered to be riskier than DFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | DFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.49% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 0.75% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.07% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 3.18% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 2.56% | -0.09% |