SWVXX vs. BNDX
SWVXX (Schwab Prime Advantage Money Fund Investor Shares) and BNDX (Vanguard Total International Bond ETF) are both funds - SWVXX is a Money Market fund actively managed by Charles Schwab, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). SWVXX is actively managed, while BNDX is passively managed. Over the past 5 years, SWVXX returned 3.14%/yr vs 0.32%/yr for BNDX. At a 0.02 correlation, their price movements are largely independent. SWVXX charges 0.34%/yr vs 0.07%/yr for BNDX.
Performance
SWVXX vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, SWVXX achieves a 1.45% return, which is significantly higher than BNDX's 1.02% return.
SWVXX
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.45%
- 6M
- 1.77%
- 1Y
- 3.85%
- 3Y*
- 4.71%
- 5Y*
- 3.14%
- 10Y*
- —
BNDX
- 1D
- 0.17%
- 1M
- 0.99%
- YTD
- 1.02%
- 6M
- 1.22%
- 1Y
- 1.94%
- 3Y*
- 4.32%
- 5Y*
- 0.32%
- 10Y*
- 1.72%
SWVXX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 1.45% | 4.15% | 5.16% | 5.04% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 1.02% | 2.86% | 3.57% | 8.77% | -12.76% | 0.50% |
Correlation
The correlation between SWVXX and BNDX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.02 |
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Return for Risk
SWVXX vs. BNDX — Risk / Return Rank
SWVXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDX
SWVXX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Vanguard Total International Bond ETF (BNDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWVXX | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.66 | — |
| Martin ratioReturn relative to average drawdown | — | 1.84 | — |
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Drawdowns
SWVXX vs. BNDX - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for SWVXX and BNDX.
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Drawdown Indicators
| SWVXX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -16.23% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -2.93% | +2.93% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -2.93% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -15.86% | +15.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.02% | +1.02% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.10% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.05% | -1.05% |
Volatility
SWVXX vs. BNDX - Volatility Comparison
The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.29%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.49%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWVXX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 1.49% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.76% | 2.96% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 3.47% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.09% | 4.89% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 4.10% | -3.01% |
SWVXX vs. BNDX - Expense Ratio Comparison
SWVXX has a 0.34% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
SWVXX vs. BNDX - Dividend Comparison
SWVXX's dividend yield for the trailing twelve months is around 3.77%, less than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 3.77% | 4.06% | 5.02% | 4.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWVXX and BNDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.49%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWVXX dropped 0.00% vs BNDX's -16.23%.
SWVXX currently has the higher Sharpe Ratio (3.71 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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