SWVXX vs. SPY
Compare and contrast key facts about Schwab Value Advantage Money Fund (SWVXX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWVXX or SPY.
Key characteristics
| SWVXX | SPY | |
|---|---|---|
| YTD Return | 3.90% | 24.40% |
| 1Y Return | 4.61% | 31.86% |
| 3Y Return (Ann) | 3.48% | 9.29% |
| 5Y Return (Ann) | 2.22% | 15.23% |
| 10Y Return (Ann) | 1.51% | 13.04% |
| Sharpe Ratio | 3.30 | 2.64 |
| Ulcer Index | 0.00% | 1.86% |
| Daily Std Dev | 1.39% | 12.15% |
| Max Drawdown | 0.00% | -55.19% |
| Current Drawdown | 0.00% | -2.17% |
Correlation
The correlation between SWVXX and SPY is 0.01, 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.
Performance
SWVXX vs. SPY - Performance Comparison
In the year-to-date period, SWVXX achieves a 3.90% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, SWVXX has underperformed SPY with an annualized return of 1.51%, while SPY has yielded a comparatively higher 13.04% annualized 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWVXX and SPY. For additional features, visit the drawdowns tool.
Volatility
SWVXX vs. SPY - Volatility Comparison
The current volatility for Schwab Value Advantage Money Fund (SWVXX) is 0.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.