SWVXX vs. BIL
Compare and contrast key facts about Schwab Value Advantage Money Fund (SWVXX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWVXX or BIL.
Key characteristics
| SWVXX | BIL | |
|---|---|---|
| YTD Return | 3.90% | 4.60% |
| 1Y Return | 4.61% | 5.26% |
| 3Y Return (Ann) | 3.48% | 3.65% |
| 5Y Return (Ann) | 2.22% | 2.27% |
| 10Y Return (Ann) | 1.51% | 1.56% |
| Sharpe Ratio | 3.30 | 20.35 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 1.39% | 0.26% |
| Max Drawdown | 0.00% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SWVXX and BIL is 0.04, 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
SWVXX vs. BIL - Performance Comparison
In the year-to-date period, SWVXX achieves a 3.90% return, which is significantly lower than BIL's 4.60% return. Both investments have delivered pretty close results over the past 10 years, with SWVXX having a 1.51% annualized return and BIL not far ahead at 1.56%. 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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Risk-Adjusted Performance
SWVXX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Drawdowns
SWVXX vs. BIL - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SWVXX and BIL. For additional features, visit the drawdowns tool.
Volatility
SWVXX vs. BIL - Volatility Comparison
Schwab Value Advantage Money Fund (SWVXX) has a higher volatility of 0.21% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that SWVXX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.