SWVXX vs. DKNG
SWVXX (Schwab Prime Advantage Money Fund Investor Shares) is Money Market fund actively managed by Charles Schwab, while DKNG (DraftKings Inc.) is a stock. Over the past 5 years, SWVXX returned 3.06%/yr vs -13.03%/yr for DKNG. At a 0.03 correlation, their price movements are largely independent.
Performance
SWVXX vs. DKNG - Performance Comparison
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Returns By Period
In the year-to-date period, SWVXX achieves a 1.74% return, which is significantly higher than DKNG's -29.43% return.
SWVXX
- 1D
- 0.00%
- 1M
- 0.29%
- 6M
- 1.74%
- YTD
- 1.74%
- 1Y
- 3.80%
- 3Y*
- 4.27%
- 5Y*
- 3.06%
- 10Y*
- —
- ALL TIME*
- 2.97%
DKNG
- 1D
- -2.49%
- 1M
- -7.84%
- 6M
- -25.44%
- YTD
- -29.43%
- 1Y
- -44.37%
- 3Y*
- -7.85%
- 5Y*
- -13.03%
- 10Y*
- —
- ALL TIME*
- 2.78%
SWVXX vs. DKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 1.74% | 4.15% | 5.16% | 4.33% | 0.00% | 0.00% |
DKNG DraftKings Inc. | -29.43% | -7.37% | 5.53% | 209.48% | -58.54% | -42.60% |
Correlation
The correlation between SWVXX and DKNG is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.03 |
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Return for Risk
SWVXX vs. DKNG — Risk / Return Rank
SWVXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DKNG
SWVXX vs. DKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and DraftKings Inc. (DKNG). 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 | DKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.60 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.78 | — |
| Martin ratioReturn relative to average drawdown | — | -1.16 | — |
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Drawdowns
SWVXX vs. DKNG - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum DKNG drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for SWVXX and DKNG.
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Drawdown Indicators
| SWVXX | DKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -85.73% | +85.73% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -57.04% | +57.04% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -61.26% | +61.26% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -83.87% | +83.87% |
Current DrawdownCurrent decline from peak | 0.00% | -66.21% | +66.21% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -49.18% | +49.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 38.21% | -38.21% |
Volatility
SWVXX vs. DKNG - Volatility Comparison
The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.29%, while DraftKings Inc. (DKNG) has a volatility of 15.44%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than DKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWVXX | DKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 15.44% | -15.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 39.53% | -38.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | 49.90% | -48.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 61.58% | -60.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.04% | 63.24% | -62.20% |
Dividends
SWVXX vs. DKNG - Dividend Comparison
SWVXX's dividend yield for the trailing twelve months is around 3.73%, while DKNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DKNG DraftKings Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 3.73% | 4.06% | 5.02% | 4.23% |
Frequently Asked Questions
SWVXX and DKNG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (15.44%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWVXX dropped 0.00% vs DKNG's -85.73%.
SWVXX currently has the higher Sharpe Ratio (3.71 vs -0.89), 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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