USD=X vs. SWVXX

Last updated Jun 6, 2026

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

Performance

USD=X vs. SWVXX - Performance Comparison

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

Returns By Period

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%

SWVXX

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

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

USD=X vs. SWVXX - Yearly Performance Comparison

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

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

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

Sharpe Ratios by Period

	USD=X	SWVXX	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

USD=X vs. SWVXX - Drawdown Comparison

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

Drawdown Indicators

	USD=X	SWVXX	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

USD=X vs. SWVXX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Schwab Prime Advantage Money Fund Investor Shares (SWVXX) has a volatility of 0.29%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Frequently Asked Questions

Which is riskier, USD=X or SWVXX?

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