SWVXX vs. SGVT

Last updated Jun 4, 2026

SWVXX (Schwab Value Advantage Money Fund) and SGVT (Schwab Government Money Market ETF) are both Money Market funds from Charles Schwab. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. SWVXX charges 0.34%/yr vs 0.28%/yr for SGVT.

Performance

SWVXX vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Value Advantage Money Fund (SWVXX) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SWVXX having a 1.45% return and SGVT slightly lower at 1.41%.

SWVXX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.45%
• 6M: 1.77%
• 1Y: 3.85%
• 3Y*: 4.71%
• 5Y*: 3.14%
• 10Y*: —

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 1.41%
• 6M: 1.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWVXX vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
SWVXX Schwab Value Advantage Money Fund	1.45%	2.37%
SGVT Schwab Government Money Market ETF	1.41%	2.22%

Correlation

The correlation between SWVXX and SGVT is 0.08, 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 (All Time) Calculated using the full available price history since Jun 13, 2025	0.08

Return for Risk

SWVXX vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and Schwab Government Money Market ETF (SGVT). 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	SGVT	Difference
Sharpe ratio Return per unit of total volatility	3.71	—	—
Sortino ratio Return per unit of downside risk	—	—	—
Omega ratio Gain probability vs. loss probability	—	—	—
Calmar ratio Return relative to maximum drawdown	—	—	—
Martin ratio Return relative to average drawdown	—	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SWVXX	SGVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.94	18.57	-15.63

Drawdowns

SWVXX vs. SGVT - Drawdown Comparison

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

Drawdown Indicators

	SWVXX	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-0.03%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	0.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	0.00%	—	—
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%	—	—

Volatility

Volatility by Period

	SWVXX	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.10%	0.20%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	0.20%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	0.20%	+0.89%

SWVXX vs. SGVT - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than SGVT's 0.28% expense ratio.

Dividends

SWVXX vs. SGVT - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.77%, more than SGVT's 3.12% yield.

Position	TTM	2025	2024	2023
SGVT Schwab Government Money Market ETF	3.12%	1.73%	0.00%	0.00%
SWVXX Schwab Value Advantage Money Fund	3.77%	4.06%	5.02%	4.91%

Frequently Asked Questions

Can I hold both SWVXX and SGVT in my portfolio?

SWVXX and SGVT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.