SWSBX vs. TNSHX
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX).
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. TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015.
Performance
SWSBX vs. TNSHX - Performance Comparison
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SWSBX vs. TNSHX - 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% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | -0.07% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 4.05% | 1.31% | 0.40% |
Returns By Period
In the year-to-date period, SWSBX achieves a -0.16% return, which is significantly lower than TNSHX's -0.07% return.
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
- —
TNSHX
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- -0.07%
- 6M
- 0.96%
- 1Y
- 3.56%
- 3Y*
- 3.89%
- 5Y*
- 1.72%
- 10Y*
- 1.78%
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SWSBX vs. TNSHX - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is lower than TNSHX's 0.09% 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. TNSHX — Risk / Return Rank
SWSBX
TNSHX
SWSBX vs. TNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX). 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 | TNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.83 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.60 | 3.29 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.67 | -0.96 |
Martin ratioReturn relative to average drawdown | 9.85 | 13.23 | -3.38 |
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 | TNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.83 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.78 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.03 | -0.26 |
Correlation
The correlation between SWSBX and TNSHX is 0.81, 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. TNSHX - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.79%, which matches TNSHX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | 3.82% | 4.22% | 3.94% | 2.68% | 1.00% | 1.03% | 1.81% | 2.45% | 1.80% | 1.31% | 0.98% |
Drawdowns
SWSBX vs. TNSHX - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, which is greater than TNSHX's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for SWSBX and TNSHX.
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Drawdown Indicators
| SWSBX | TNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -5.99% | -3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.13% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -5.99% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.99% | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.82% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -0.90% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.31% | +0.11% |
Volatility
SWSBX vs. TNSHX - Volatility Comparison
Schwab Short-Term Bond Index Fund (SWSBX) has a higher volatility of 0.73% compared to TIAA-CREF Short-Term Bond Index Fund (TNSHX) at 0.52%. This indicates that SWSBX's price experiences larger fluctuations and is considered to be riskier than TNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | TNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.52% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.23% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.99% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.22% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 1.80% | +0.67% |