SWSBX vs. SPHY
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and SPDR Portfolio High Yield Bond ETF (SPHY).
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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both SWSBX and SPHY 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 SPHY.
Key characteristics
| SWSBX | SPHY | |
|---|---|---|
| YTD Return | 3.34% | 9.00% |
| 1Y Return | 6.44% | 15.61% |
| 3Y Return (Ann) | 0.51% | 3.28% |
| 5Y Return (Ann) | 1.13% | 4.89% |
| Sharpe Ratio | 2.04 | 3.26 |
| Sortino Ratio | 3.24 | 5.19 |
| Omega Ratio | 1.41 | 1.66 |
| Calmar Ratio | 1.13 | 2.94 |
| Martin Ratio | 9.52 | 26.90 |
| Ulcer Index | 0.64% | 0.55% |
| Daily Std Dev | 2.99% | 4.57% |
| Max Drawdown | -8.97% | -21.97% |
| Current Drawdown | -1.21% | 0.00% |
Correlation
The correlation between SWSBX and SPHY is 0.22, 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. SPHY - Performance Comparison
In the year-to-date period, SWSBX achieves a 3.34% return, which is significantly lower than SPHY's 9.00% 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. SPHY - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is lower than SPHY's 0.10% 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%.
Risk-Adjusted Performance
SWSBX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.89%, less than SPHY's 7.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | 3.89% | 3.16% | 1.49% | 0.90% | 1.56% | 2.40% | 2.12% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.74% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
SWSBX vs. SPHY - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -8.97%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for SWSBX and SPHY. For additional features, visit the drawdowns tool.
Volatility
SWSBX vs. SPHY - Volatility Comparison
The current volatility for Schwab Short-Term Bond Index Fund (SWSBX) is 0.76%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.05%. This indicates that SWSBX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.