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SWVXX vs. SGOV
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between SWVXX and SGOV 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.

SWVXX vs. SGOV

Last updated May 27, 2025

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

SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWVXX or SGOV.

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.

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Key characteristics

Sharpe Ratio

SWVXX:

3.38

SGOV:

21.53

Ulcer Index

SWVXX:

0.00%

SGOV:

0.00%

Daily Std Dev

SWVXX:

1.23%

SGOV:

0.23%

Max Drawdown

SWVXX:

0.00%

SGOV:

-0.03%

Current Drawdown

SWVXX:

0.00%

SGOV:

0.00%

Returns By Period

In the year-to-date period, SWVXX achieves a 1.03% return, which is significantly lower than SGOV's 1.68% return.

SWVXX

YTD

1.03%

1M

0.00%

6M

1.79%

1Y

4.20%

3Y*

4.25%

5Y*

2.55%

10Y*

1.73%

SGOV

YTD

1.68%

1M

0.32%

6M

2.16%

1Y

4.78%

3Y*

4.52%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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Schwab Value Advantage Money Fund

iShares 0-3 Month Treasury Bond ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SWVXX vs. SGOV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWVXX
SGOV
The Risk-Adjusted Performance Rank of SGOV is 100100
Overall Rank
The Sharpe Ratio Rank of SGOV is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of SGOV is 100100
Sortino Ratio Rank
The Omega Ratio Rank of SGOV is 100100
Omega Ratio Rank
The Calmar Ratio Rank of SGOV is 100100
Calmar Ratio Rank
The Martin Ratio Rank of SGOV is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SWVXX vs. SGOV - Risk-Adjusted Performance 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.

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The current SWVXX Sharpe Ratio is 3.38, which is lower than the SGOV Sharpe Ratio of 21.53. The chart below compares the historical Sharpe Ratios of SWVXX and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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.

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