TSDOX vs. SWVXX

Last updated Jun 24, 2026

TSDOX (Touchstone Ultra Short Duration Fixed Income Fund) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both mutual funds - TSDOX is a Ultrashort Bond fund managed by Touchstone, while SWVXX is a Money Market fund actively managed by Charles Schwab. Over the past 5 years, TSDOX returned 3.67%/yr vs 3.14%/yr for SWVXX. At a 0.22 correlation, their price movements are largely independent. TSDOX charges 0.69%/yr vs 0.34%/yr for SWVXX.

Performance

TSDOX vs. SWVXX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TSDOX having a 1.48% return and SWVXX slightly lower at 1.45%.

TSDOX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.48%
• 6M: 1.87%
• 1Y: 4.20%
• 3Y*: 5.64%
• 5Y*: 3.67%
• 10Y*: 2.64%

SWVXX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.45%
• 6M: 1.77%
• 1Y: 3.85%
• 3Y*: 4.56%
• 5Y*: 3.14%
• 10Y*: —

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

TSDOX vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TSDOX Touchstone Ultra Short Duration Fixed Income Fund	1.48%	4.73%	6.87%	5.75%	-0.37%	0.01%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.45%	4.15%	5.16%	5.04%	0.00%	0.00%

Correlation

The correlation between TSDOX and SWVXX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.22

Over the past year, TSDOX and SWVXX have become more correlated (0.58) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

TSDOX vs. SWVXX — Risk / Return Rank

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

TSDOX

TSDOX Risk / Return Rank: 98
TSDOX Sharpe Ratio Rank: 94
TSDOX Sortino Ratio Rank: 99
TSDOX Omega Ratio Rank: 99
TSDOX Calmar Ratio Rank: 100
TSDOX Martin Ratio Rank: 99

SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TSDOX vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). 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.

	TSDOX	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	3.71	-0.70
Sortino ratio: Return per unit of downside risk	9.24	—	—
Omega ratio: Gain probability vs. loss probability	3.44	—	—
Calmar ratio: Return relative to maximum drawdown	20.01	—	—
Martin ratio: Return relative to average drawdown	63.74	—	—

TSDOX vs. SWVXX - Sharpe Ratio Comparison

The current TSDOX Sharpe Ratio is 3.01, which is comparable to the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of TSDOX and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSDOX vs. SWVXX - Drawdown Comparison

The maximum TSDOX drawdown since its inception was -5.27%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TSDOX and SWVXX.

Drawdown Indicators

	TSDOX	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-5.27%	0.00%	-5.27%
Max Drawdown (1Y) Largest decline over 1 year	-0.22%	0.00%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-0.32%	0.00%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-1.50%	0.00%	-1.50%
Max Drawdown (10Y) Largest decline over 10 years	-5.27%	—	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.18%	0.00%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.00%	+0.07%

Volatility

TSDOX vs. SWVXX - Volatility Comparison

Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) has a higher volatility of 0.44% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that TSDOX's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSDOX	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	0.29%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	1.04%	0.70%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	1.10%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.37%	1.09%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.33%	1.09%	+0.24%

TSDOX vs. SWVXX - Expense Ratio Comparison

TSDOX has a 0.69% expense ratio, which is higher than SWVXX's 0.34% expense ratio.

Dividends

TSDOX vs. SWVXX - Dividend Comparison

TSDOX's dividend yield for the trailing twelve months is around 4.33%, more than SWVXX's 3.77% 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%
TSDOX Touchstone Ultra Short Duration Fixed Income Fund	4.33%	4.51%	5.64%	4.11%	1.61%	0.86%	1.66%	2.48%	2.16%	1.64%	1.29%	1.27%

Frequently Asked Questions

Can I hold both TSDOX and SWVXX in my portfolio?

TSDOX and SWVXX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSDOX or SWVXX?

TSDOX has higher volatility (0.44%) compared to SWVXX (0.29%). In terms of maximum drawdown, TSDOX dropped -5.27% vs SWVXX's 0.00%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 3.01), 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.