SWVXX vs. BSCO
Compare and contrast key facts about Schwab Value Advantage Money Fund (SWVXX) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO).
BSCO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2024 TR Index. It was launched on Sep 17, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWVXX or BSCO.
Key characteristics
| SWVXX | BSCO | |
|---|---|---|
| YTD Return | 2.83% | 3.61% |
| 1Y Return | 4.91% | 5.77% |
| 3Y Return (Ann) | 3.14% | 1.10% |
| 5Y Return (Ann) | 2.11% | 2.28% |
| Sharpe Ratio | 3.36 | 8.19 |
| Daily Std Dev | 1.45% | 0.69% |
| Max Drawdown | 0.00% | -17.44% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SWVXX and BSCO is 0.01, 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. BSCO - Performance Comparison
In the year-to-date period, SWVXX achieves a 2.83% return, which is significantly lower than BSCO's 3.61% 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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Risk-Adjusted Performance
SWVXX vs. BSCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO). 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. BSCO - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum BSCO drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for SWVXX and BSCO. For additional features, visit the drawdowns tool.
Volatility
SWVXX vs. BSCO - Volatility Comparison
Schwab Value Advantage Money Fund (SWVXX) has a higher volatility of 0.44% compared to Invesco BulletShares 2024 Corporate Bond ETF (BSCO) at 0.13%. This indicates that SWVXX's price experiences larger fluctuations and is considered to be riskier than BSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.