SWVXX vs. VGSH
SWVXX (Schwab Prime Advantage Money Fund Investor Shares) and VGSH (Vanguard Short-Term Treasury ETF) are both funds - SWVXX is a Money Market fund actively managed by Charles Schwab, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. SWVXX is actively managed, while VGSH is passively managed. Over the past 5 years, SWVXX returned 3.06%/yr vs 1.87%/yr for VGSH. Their 0.05 correlation means their historical movements had little consistent relationship. SWVXX charges 0.34%/yr vs 0.03%/yr for VGSH.
Performance
SWVXX vs. VGSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SWVXX achieves a 1.74% return, which is significantly higher than VGSH's 0.77% return.
SWVXX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.43%
- YTD
- 1.74%
- 1Y
- 3.44%
- 3Y*
- 4.27%
- 5Y*
- 3.06%
- 10Y*
- —
- ALL TIME*
- 2.95%
VGSH
- 1D
- -0.05%
- 1M
- 0.14%
- 6M
- 0.55%
- YTD
- 0.77%
- 1Y
- 3.09%
- 3Y*
- 4.29%
- 5Y*
- 1.87%
- 10Y*
- 1.73%
- ALL TIME*
- 1.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $133.56M | $160.92M | $191.51M |
SWVXX vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 1.74% | 4.15% | 5.16% | 4.33% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 0.77% | 5.07% | 4.00% | 4.31% | -3.86% | -0.64% |
Correlation
The correlation between SWVXX and VGSH is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SWVXX vs. VGSH — Risk / Return Rank
SWVXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGSH
SWVXX vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Vanguard Short-Term Treasury ETF (VGSH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWVXX | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.51 | — |
| Martin ratioReturn relative to average drawdown | — | 13.46 | — |
Loading charts...
Drawdowns
SWVXX vs. VGSH - Drawdown Comparison
The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for SWVXX and VGSH.
Loading charts...
Drawdown Indicators
| SWVXX | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -5.70% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -0.88% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -0.97% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -5.66% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.59% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.23% | -0.23% |
Volatility
SWVXX vs. VGSH - Volatility Comparison
The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.00%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.36%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SWVXX | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.36% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 1.01% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | 1.32% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 1.98% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.04% | 1.58% | -0.54% |
SWVXX vs. VGSH - Expense Ratio Comparison
SWVXX has a 0.34% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Dividends
SWVXX vs. VGSH - Dividend Comparison
SWVXX's dividend yield for the trailing twelve months is around 3.38%, less than VGSH's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 3.38% | 4.06% | 5.02% | 4.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.85% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
SWVXX and VGSH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSH has higher volatility (0.36%) compared to SWVXX (0.00%). In terms of maximum drawdown, SWVXX dropped 0.00% vs VGSH's -5.70%.
SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SWVXX and VGSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer