SWVXX vs. USD=X

Last updated Jun 6, 2026

SWVXX (Schwab Prime Advantage Money Fund Investor Shares) is Money Market fund actively managed by Charles Schwab, while USD=X (USD Cash) is a currency. Over the past 5 years, SWVXX returned 3.14%/yr vs 0.00%/yr for USD=X.

Performance

SWVXX vs. USD=X - Performance Comparison

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

Returns By Period

SWVXX

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

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

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

SWVXX vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.45%	4.15%	5.16%	5.04%	0.00%	0.00%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Return for Risk

SWVXX vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and USD Cash (USD=X). 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	USD=X	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	USD=X	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	—	—

Drawdowns

SWVXX vs. USD=X - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWVXX and USD=X.

Drawdown Indicators

	SWVXX	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	0.00%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	0.00%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	0.00%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	0.00%	0.00%
Max Drawdown (10Y) Largest decline over 10 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%	0.00%	0.00%

Volatility

SWVXX vs. USD=X - Volatility Comparison

Schwab Prime Advantage Money Fund Investor Shares (SWVXX) has a higher volatility of 0.29% compared to USD Cash (USD=X) at 0.00%. This indicates that SWVXX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWVXX	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	0.00%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	0.76%	0.00%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	1.10%	0.00%	+1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	0.00%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	0.00%	+1.09%

Frequently Asked Questions

Which is riskier, SWVXX or USD=X?

SWVXX has higher volatility (0.29%) compared to USD=X (0.00%). In terms of maximum drawdown, SWVXX dropped 0.00% vs USD=X's 0.00%.