SWVXX vs. VWINX

Last updated Jun 4, 2026

SWVXX (Schwab Prime Advantage Money Fund Investor Shares) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both mutual funds - SWVXX is a Money Market fund actively managed by Charles Schwab, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. Both are actively managed. Over the past 5 years, SWVXX returned 3.14%/yr vs 4.14%/yr for VWINX. At a 0.01 correlation, their price movements are largely independent. SWVXX charges 0.34%/yr vs 0.22%/yr for VWINX.

Performance

SWVXX vs. VWINX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWVXX achieves a 1.45% return, which is significantly lower than VWINX's 3.55% return.

SWVXX

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

VWINX

• 1D: 0.31%
• 1M: 1.24%
• YTD: 3.55%
• 6M: 3.53%
• 1Y: 11.32%
• 3Y*: 8.86%
• 5Y*: 4.14%
• 10Y*: 5.81%

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

SWVXX vs. VWINX - 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%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.55%	10.98%	5.86%	6.99%	-9.09%	3.88%

Correlation

The correlation between SWVXX and VWINX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.01

Return for Risk

SWVXX vs. VWINX — Risk / Return Rank

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

VWINX

VWINX Risk / Return Rank: 57
VWINX Sharpe Ratio Rank: 61
VWINX Sortino Ratio Rank: 62
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 54
VWINX Martin Ratio Rank: 52

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. VWINX - 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 Wellesley Income Fund Investor Shares (VWINX). 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	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	3.71	2.29	+1.41
Sortino ratio: Return per unit of downside risk	—	3.30	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	2.81	—
Martin ratio: Return relative to average drawdown	—	10.57	—
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. VWINX - Sharpe Ratio Comparison

The current SWVXX Sharpe Ratio is 3.71, which is higher than the VWINX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SWVXX and VWINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWVXX	VWINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	2.29	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.95	0.60	+2.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.94	1.08	+1.86

Drawdowns

SWVXX vs. VWINX - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum VWINX drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for SWVXX and VWINX.

Drawdown Indicators

	SWVXX	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-21.72%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-4.16%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	-6.98%	+6.98%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	-15.30%	+15.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.43%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-2.63%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	1.10%	-1.10%

Volatility

SWVXX vs. VWINX - Volatility Comparison

The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.29%, while Vanguard Wellesley Income Fund Investor Shares (VWINX) has a volatility of 1.64%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWVXX	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	1.64%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	0.76%	3.89%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	1.10%	5.09%	-3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	6.97%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	6.92%	-5.83%

SWVXX vs. VWINX - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than VWINX's 0.22% expense ratio.

Dividends

SWVXX vs. VWINX - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.77%, less than VWINX's 7.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.77%	4.06%	5.02%	4.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.68%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both SWVXX and VWINX in my portfolio?

SWVXX and VWINX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWVXX or VWINX?

VWINX has higher volatility (1.64%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWVXX dropped 0.00% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.29), 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.