SWVXX vs. VBIL

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab Value Advantage Money Fund (SWVXX) and Vanguard 0-3 Month Treasury Bill ETF (VBIL).

SWVXX is an actively managed fund by Charles Schwab. It was launched on Aug 27, 1993. VBIL is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Bills 0-3 Months Index. It was launched on Feb 7, 2025.

Performance

SWVXX vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Value Advantage Money Fund (SWVXX) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

SWVXX vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SWVXX Schwab Value Advantage Money Fund	0.57%	3.76%
VBIL Vanguard 0-3 Month Treasury Bill ETF	0.86%	3.71%

Returns By Period

In the year-to-date period, SWVXX achieves a 0.57% return, which is significantly lower than VBIL's 0.86% return.

SWVXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.57%
• 6M: 1.55%
• 1Y: 3.68%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.30%
• YTD: 0.86%
• 6M: 1.88%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWVXX vs. VBIL - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than VBIL's 0.07% expense ratio.

SWVXX

Schwab Value Advantage Money Fund

VBIL

Vanguard 0-3 Month Treasury Bill ETF

Return for Risk

SWVXX vs. VBIL — Risk / Return Rank

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

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

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. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Value Advantage Money Fund (SWVXX) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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	VBIL	Difference
Sharpe ratio Return per unit of total volatility	3.69	12.70	-9.01
Sortino ratio Return per unit of downside risk	—	29.61	—
Omega ratio Gain probability vs. loss probability	—	12.58	—
Calmar ratio Return relative to maximum drawdown	—	44.01	—
Martin ratio Return relative to average drawdown	—	379.94	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWVXX vs. VBIL - Sharpe Ratio Comparison

The current SWVXX Sharpe Ratio is 3.69, which is lower than the VBIL Sharpe Ratio of 12.70. The chart below compares the historical Sharpe Ratios of SWVXX and VBIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWVXX	VBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	12.70	-9.01
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	13.08	-10.20

Correlation

The correlation between SWVXX and VBIL is 0.05, 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.

Dividends

SWVXX vs. VBIL - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.61%, less than VBIL's 3.67% yield.

	TTM	2025	2024	2023
SWVXX Schwab Value Advantage Money Fund	3.61%	4.06%	5.02%	4.91%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.67%	3.12%	0.00%	0.00%

Drawdowns

SWVXX vs. VBIL - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum VBIL drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for SWVXX and VBIL.

Drawdown Indicators

	SWVXX	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-0.09%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-0.09%	+0.09%
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%	0.01%	-0.01%

Volatility

SWVXX vs. VBIL - Volatility Comparison

The current volatility for Schwab Value Advantage Money Fund (SWVXX) is 0.00%, while Vanguard 0-3 Month Treasury Bill ETF (VBIL) has a volatility of 0.07%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWVXX	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.07%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	0.75%	0.16%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	0.32%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	0.31%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	0.31%	+0.78%