SWSBX vs. VIITX
Compare and contrast key facts about Schwab Short-Term Bond Index Fund (SWSBX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX).
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. VIITX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
SWSBX vs. VIITX - Performance Comparison
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SWSBX vs. VIITX - 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% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 0.13% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 1.42% |
Returns By Period
In the year-to-date period, SWSBX achieves a -0.16% return, which is significantly lower than VIITX's 0.13% return.
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
- —
VIITX
- 1D
- 0.19%
- 1M
- -0.97%
- YTD
- 0.13%
- 6M
- 1.27%
- 1Y
- 4.77%
- 3Y*
- 4.66%
- 5Y*
- 1.58%
- 10Y*
- 2.15%
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SWSBX vs. VIITX - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is higher than VIITX's 0.02% 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%.
Return for Risk
SWSBX vs. VIITX — Risk / Return Rank
SWSBX
VIITX
SWSBX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). 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 | VIITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.80 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.60 | 2.65 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.66 | +0.06 |
Martin ratioReturn relative to average drawdown | 9.85 | 9.91 | -0.06 |
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 | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.80 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.41 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.75 | +0.01 |
Correlation
The correlation between SWSBX and VIITX is 0.84, 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. VIITX - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 3.79%, less than VIITX's 4.16% 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% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.16% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
Drawdowns
SWSBX vs. VIITX - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, smaller than the maximum VIITX drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for SWSBX and VIITX.
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Drawdown Indicators
| SWSBX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -11.86% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.89% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -11.86% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.86% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.30% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -2.15% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.51% | -0.09% |
Volatility
SWSBX vs. VIITX - Volatility Comparison
The current volatility for Schwab Short-Term Bond Index Fund (SWSBX) is 0.73%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 1.15%. This indicates that SWSBX experiences smaller price fluctuations and is considered to be less risky than VIITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.15% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.72% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 2.74% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 3.82% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 3.05% | -0.58% |