SWSBX vs. SGOV
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both SWSBX and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWSBX or SGOV.
Key characteristics
| SWSBX | SGOV | |
|---|---|---|
| YTD Return | 3.34% | 4.62% |
| 1Y Return | 6.44% | 5.39% |
| 3Y Return (Ann) | 0.51% | 3.78% |
| Sharpe Ratio | 2.04 | 22.10 |
| Ulcer Index | 0.64% | 0.00% |
| Daily Std Dev | 2.99% | 0.25% |
| Max Drawdown | -8.97% | -0.03% |
| Current Drawdown | -1.21% | 0.00% |
Correlation
The correlation between SWSBX and SGOV is 0.03, 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.
Performance
SWSBX vs. SGOV - Performance Comparison
In the year-to-date period, SWSBX achieves a 3.34% return, which is significantly lower than SGOV's 4.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWSBX vs. SGOV - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is higher than SGOV's 0.03% 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%.
Risk-Adjusted Performance
SWSBX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
SWSBX vs. SGOV - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.89%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | 3.89% | 3.16% | 1.49% | 0.90% | 1.56% | 2.40% | 2.12% | 1.55% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWSBX vs. SGOV - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -8.97%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SWSBX and SGOV. For additional features, visit the drawdowns tool.
Volatility
SWSBX vs. SGOV - Volatility Comparison
Schwab Short-Term Bond Index Fund (SWSBX) has a higher volatility of 0.76% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that SWSBX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.