SWSBX vs. DHEIX

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX).

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. DHEIX is a passively managed fund by Diamond Hill that tracks the performance of the Bloomberg US 1-3 Yr. Gov./Credit Index. It was launched on Jul 5, 2016. Both SWSBX and DHEIX 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. DHEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Short-Term Bond Index Fund (SWSBX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). The values are adjusted to include any dividend payments, if applicable.

SWSBX vs. DHEIX - 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%
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I	0.82%	6.06%	9.33%	8.91%	-3.38%	2.74%	3.09%	4.85%	3.18%	3.46%

Returns By Period

In the year-to-date period, SWSBX achieves a -0.16% return, which is significantly lower than DHEIX's 0.82% return.

SWSBX

• 1D: 0.10%
• 1M: -0.93%
• YTD: -0.16%
• 6M: 0.78%
• 1Y: 3.74%
• 3Y*: 3.77%
• 5Y*: 1.27%
• 10Y*: —

DHEIX

• 1D: 0.00%
• 1M: -0.17%
• YTD: 0.82%
• 6M: 1.65%
• 1Y: 5.26%
• 3Y*: 7.69%
• 5Y*: 4.48%
• 10Y*: —

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

SWSBX vs. DHEIX - Expense Ratio Comparison

SWSBX has a 0.06% expense ratio, which is lower than DHEIX's 0.53% expense ratio.

DHEIX

Diamond Hill Short Duration Securitized Bond Fund Class I

SWSBX

Schwab Short-Term Bond Index Fund

Return for Risk

SWSBX vs. DHEIX — Risk / Return Rank

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

SWSBX

SWSBX Risk / Return Rank: 87
SWSBX Sharpe Ratio Rank: 83
SWSBX Sortino Ratio Rank: 90
SWSBX Omega Ratio Rank: 82
SWSBX Calmar Ratio Rank: 91
SWSBX Martin Ratio Rank: 89

DHEIX

DHEIX Risk / Return Rank: 99
DHEIX Sharpe Ratio Rank: 100
DHEIX Sortino Ratio Rank: 99
DHEIX Omega Ratio Rank: 99
DHEIX Calmar Ratio Rank: 99
DHEIX Martin Ratio Rank: 99

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.

SWSBX vs. DHEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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	DHEIX	Difference
Sharpe ratio Return per unit of total volatility	1.59	4.60	-3.02
Sortino ratio Return per unit of downside risk	2.60	8.07	-5.47
Omega ratio Gain probability vs. loss probability	1.33	2.53	-1.20
Calmar ratio Return relative to maximum drawdown	2.71	10.53	-7.81
Martin ratio Return relative to average drawdown	9.85	39.35	-29.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWSBX vs. DHEIX - Sharpe Ratio Comparison

The current SWSBX Sharpe Ratio is 1.59, which is lower than the DHEIX Sharpe Ratio of 4.60. The chart below compares the historical Sharpe Ratios of SWSBX and DHEIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWSBX	DHEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	4.60	-3.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	2.96	-2.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.87	-1.10

Correlation

The correlation between SWSBX and DHEIX is 0.60, 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.

Dividends

SWSBX vs. DHEIX - Dividend Comparison

SWSBX's dividend yield for the trailing twelve months is around 3.79%, less than DHEIX's 5.98% 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%
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I	5.98%	5.51%	6.21%	5.52%	3.72%	2.62%	3.22%	4.05%	3.74%	3.45%

Drawdowns

SWSBX vs. DHEIX - Drawdown Comparison

The maximum SWSBX drawdown since its inception was -9.06%, smaller than the maximum DHEIX drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for SWSBX and DHEIX.

Drawdown Indicators

	SWSBX	DHEIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.06%	-12.33%	+3.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.54%	-0.50%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-9.06%	-4.87%	-4.19%
Current Drawdown Current decline from peak	-1.13%	-0.27%	-0.86%
Average Drawdown Average peak-to-trough decline	-1.81%	-0.77%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.13%	+0.29%

Volatility

SWSBX vs. DHEIX - Volatility Comparison

Schwab Short-Term Bond Index Fund (SWSBX) has a higher volatility of 0.73% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.36%. This indicates that SWSBX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWSBX	DHEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.36%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	1.49%	0.72%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	2.40%	1.15%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	1.52%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.47%	2.28%	+0.19%