SWVXX vs. SGOV

Last updated Apr 4, 2026

Compare and contrast key facts about Schwab Value Advantage Money Fund (SWVXX) and iShares 0-3 Month Treasury Bond ETF (SGOV).

SWVXX is an actively managed fund by Charles Schwab. It was launched on Aug 27, 1993. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.

Performance

SWVXX vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Value Advantage Money Fund (SWVXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWVXX achieves a 0.57% return, which is significantly lower than SGOV's 0.92% return.

SWVXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.57%
• 6M: 1.55%
• 1Y: 3.68%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.04%
• 1M: 0.32%
• YTD: 0.92%
• 6M: 1.88%
• 1Y: 4.08%
• 3Y*: 4.81%
• 5Y*: 3.42%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWVXX vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SWVXX Schwab Value Advantage Money Fund	0.57%	4.15%	5.16%	5.04%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	0.92%	4.24%	5.27%	5.12%	1.58%	0.02%

Correlation

The correlation between SWVXX and SGOV is 0.05, meaning there is essentially no relationship between their price movements. They neither move together nor in opposition — each responds to its own set of market drivers. This independence makes them strong candidates for combining in a diversified portfolio.

SWVXX vs. SGOV - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than SGOV's 0.09% expense ratio.

SWVXX

Schwab Value Advantage Money Fund

SGOV

iShares 0-3 Month Treasury Bond ETF

Return for Risk

SWVXX vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWVXX vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.

	SWVXX	SGOV	Difference
Sharpe ratio Return per unit of total volatility	3.52	20.63	-17.11
Sortino ratio Return per unit of downside risk	—	286.00	—
Omega ratio Gain probability vs. loss probability	—	202.83	—
Calmar ratio Return relative to maximum drawdown	—	412.76	—
Martin ratio Return relative to average drawdown	—	4,634.41	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWVXX vs. SGOV - Sharpe Ratio Comparison

The current SWVXX Sharpe Ratio is 3.52, which is lower than the SGOV Sharpe Ratio of 20.63. The chart below compares the historical Sharpe Ratios of SWVXX and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWVXX	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	20.63	-17.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	14.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	12.35	-9.48

Drawdowns

SWVXX vs. SGOV - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum SGOV drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SWVXX and SGOV.

Drawdown Indicators

	SWVXX	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-0.03%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-0.01%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.00%	0.00%

Volatility

SWVXX vs. SGOV - Volatility Comparison

The current volatility for Schwab Value Advantage Money Fund (SWVXX) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.06%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWVXX	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.06%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	0.75%	0.13%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	1.09%	0.20%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	0.24%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	0.24%	+0.85%

Dividends

SWVXX vs. SGOV - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.61%, less than SGOV's 3.95% yield.

	TTM	2025	2024	2023	2022	2021	2020
SWVXX Schwab Value Advantage Money Fund	3.61%	4.06%	5.02%	4.91%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%