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SWVXX vs. SNXFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWVXX vs. SNXFX

Last updated Jun 24, 2026

SWVXX (Schwab Prime Advantage Money Fund Investor Shares) and SNXFX (Schwab 1000 Index Fund) are both mutual funds - SWVXX is a Money Market fund actively managed by Charles Schwab, while SNXFX is a Large Cap Blend Equities fund tracking the Schwab 1000 Index. SWVXX is actively managed, while SNXFX is passively managed. Over the past 5 years, SWVXX returned 3.14%/yr vs 12.77%/yr for SNXFX. At a 0.01 correlation, their price movements are largely independent. SWVXX charges 0.34%/yr vs 0.05%/yr for SNXFX.

Performance

SWVXX vs. SNXFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Schwab 1000 Index Fund (SNXFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWVXX achieves a 1.45% return, which is significantly lower than SNXFX's 10.10% return.

SWVXX

1D
0.00%
1M
0.29%
YTD
1.45%
6M
1.77%
1Y
3.85%
3Y*
4.56%
5Y*
3.14%
10Y*
—

SNXFX

1D
-0.37%
1M
0.44%
YTD
10.10%
6M
8.98%
1Y
25.34%
3Y*
21.31%
5Y*
12.77%
10Y*
15.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWVXX vs. SNXFX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.45%4.15%5.16%5.04%0.00%0.00%
SNXFX
Schwab 1000 Index Fund		10.10%17.23%24.46%26.53%-19.46%13.23%

Correlation

The correlation between SWVXX and SNXFX is -0.00, 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

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.01

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Schwab Prime Advantage Money Fund Investor Shares

Schwab 1000 Index Fund

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Often compared with SNXFX:
SNXFX vs. SWPPXSNXFX vs. SWTSXSNXFX vs. VOOSNXFX vs. FSKAXSNXFX vs. SWAGXSNXFX vs. FEMKXSNXFX vs. FLCPX

Return for Risk

SWVXX vs. SNXFX — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SNXFX
SNXFX Risk / Return Rank: 6262
Overall Rank
SNXFX Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
SNXFX Sortino Ratio Rank: 5454
Sortino Ratio Rank
SNXFX Omega Ratio Rank: 5555
Omega Ratio Rank
SNXFX Calmar Ratio Rank: 6666
Calmar Ratio Rank
SNXFX Martin Ratio Rank: 7676
Martin Ratio Rank
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. SNXFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Schwab 1000 Index Fund (SNXFX). 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.

SWVXXSNXFXDifference
Sharpe ratioReturn per unit of total volatility
3.71
2.09

+1.62

Sortino ratioReturn per unit of downside risk

—

2.82

—

Omega ratioGain probability vs. loss probability

—

1.38

—

Calmar ratioReturn relative to maximum drawdown

—

2.98

—

Martin ratioReturn relative to average drawdown

—

13.32

—

SWVXX vs. SNXFX - Sharpe Ratio Comparison

The current SWVXX Sharpe Ratio is 3.71, which is higher than the SNXFX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SWVXX and SNXFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWVXX vs. SNXFX - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum SNXFX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for SWVXX and SNXFX.

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Drawdown Indicators

SWVXXSNXFXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-55.08%

+55.08%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-8.94%

+8.94%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-19.21%

+19.21%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-25.36%

+25.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.58%

—

Current Drawdown

Current decline from peak

0.00%

-1.60%

+1.60%

Average Drawdown

Average peak-to-trough decline

0.00%

-8.75%

+8.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

2.00%

-2.00%

Volatility

SWVXX vs. SNXFX - Volatility Comparison

The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.29%, while Schwab 1000 Index Fund (SNXFX) has a volatility of 4.82%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than SNXFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWVXXSNXFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.29%

4.82%

-4.53%

Volatility (6M)

Calculated over the trailing 6-month period

0.70%

10.03%

-9.33%

Volatility (1Y)

Calculated over the trailing 1-year period

1.10%

12.79%

-11.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.09%

17.41%

-16.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.09%

18.78%

-17.69%

SWVXX vs. SNXFX - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than SNXFX's 0.05% expense ratio.

Dividends

SWVXX vs. SNXFX - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.77%, more than SNXFX's 1.32% yield.

PositionTTM20252024202320222021202020192018201720162015
SNXFX
Schwab 1000 Index Fund		1.32%1.45%1.23%1.41%1.61%1.74%2.76%3.01%6.49%4.23%3.41%6.31%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.77%4.06%5.02%4.91%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWVXX and SNXFX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SNXFX has higher volatility (4.82%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWVXX dropped 0.00% vs SNXFX's -55.08%.

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.09), 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.

Portfolio Optimizer

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