SWVXX vs. SPAXX

In the year-to-date period, SWVXX achieves a 1.03% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, SWVXX has outperformed SPAXX with an annualized return of 1.74%, while SPAXX has yielded a comparatively lower 1.28% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and Fidelity Government Money Market Fund (SPAXX). 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.

The current SWVXX Sharpe Ratio is 3.56, which is comparable to the SPAXX Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of SWVXX and SPAXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum SWVXX drawdown since its inception was 0.00%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWVXX and SPAXX. For additional features, visit the drawdowns tool.

Schwab Value Advantage Money Fund (SWVXX) has a higher volatility of 0.33% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that SWVXX's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.