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.
Correlation
The correlation between SWVXX and SPY is 0.02, 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
Key characteristics
SWVXX:
3.48
SPY:
2.49
SWVXX:
0.00%
SPY:
1.87%
SWVXX:
1.43%
SPY:
12.09%
SWVXX:
0.00%
SPY:
-55.19%
SWVXX:
0.00%
SPY:
-0.59%
Returns By Period
In the year-to-date period, SWVXX achieves a 4.30% return, which is significantly lower than SPY's 28.32% return. Over the past 10 years, SWVXX has underperformed SPY with an annualized return of 1.55%, while SPY has yielded a comparatively higher 13.34% annualized return.
SWVXX
4.30%
0.38%
2.75%
5.01%
2.30%
1.55%
SPY
28.32%
3.15%
12.02%
29.95%
15.41%
13.34%
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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 0.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.23%. 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.