SWVXX vs. SGOV
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.
Key characteristics
| SWVXX | SGOV | |
|---|---|---|
| YTD Return | 2.83% | 3.72% |
| 1Y Return | 4.91% | 5.45% |
| 3Y Return (Ann) | 3.13% | 3.48% |
| Sharpe Ratio | 3.36 | 22.73 |
| Daily Std Dev | 1.45% | 0.24% |
| Max Drawdown | 0.00% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SWVXX and SGOV is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SWVXX vs. SGOV - Performance Comparison
In the year-to-date period, SWVXX achieves a 2.83% return, which is significantly lower than SGOV's 3.72% 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. 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.
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. For additional features, visit the drawdowns tool.
Volatility
SWVXX vs. SGOV - Volatility Comparison
Schwab Value Advantage Money Fund (SWVXX) has a higher volatility of 0.44% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that SWVXX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.