VFV.TO vs. SWVXX

Last updated Jun 13, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while SWVXX is a Money Market fund actively managed by Charles Schwab. VFV.TO is passively managed, while SWVXX is actively managed. Over the past 5 years, VFV.TO returned 16.33%/yr vs 6.12%/yr for SWVXX. At a correlation of -0.01, they often move in opposite directions. VFV.TO charges 0.09%/yr vs 0.34%/yr for SWVXX.

Performance

VFV.TO vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VFV.TO is traded in CAD, while SWVXX is traded in USD. To make them comparable, the SWVXX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 11.07% return, which is significantly higher than SWVXX's 3.31% return.

VFV.TO

• 1D: 0.74%
• 1M: 1.97%
• YTD: 11.07%
• 6M: 10.94%
• 1Y: 27.54%
• 3Y*: 22.63%
• 5Y*: 16.33%
• 10Y*: 16.12%

SWVXX

• 1D: -0.05%
• 1M: 2.12%
• YTD: 3.31%
• 6M: 3.04%
• 1Y: 5.99%
• 3Y*: 6.28%
• 5Y*: 6.12%
• 10Y*: —

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

VFV.TO vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VFV.TO Vanguard S&P 500 Index ETF	11.07%	12.18%	35.23%	23.23%	-12.58%	20.98%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.31%	-0.61%	14.06%	2.54%	6.34%	5.76%

Correlation

The correlation between VFV.TO and SWVXX is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 25, 2021	-0.01

Return for Risk

VFV.TO vs. SWVXX — Risk / Return Rank

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

VFV.TO

VFV.TO Risk / Return Rank: 79
VFV.TO Sharpe Ratio Rank: 84
VFV.TO Sortino Ratio Rank: 81
VFV.TO Omega Ratio Rank: 83
VFV.TO Calmar Ratio Rank: 73
VFV.TO Martin Ratio Rank: 74

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.

VFV.TO vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) 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.

	VFV.TO	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.36	+0.97
Sortino ratio: Return per unit of downside risk	3.14	1.92	+1.22
Omega ratio: Gain probability vs. loss probability	1.43	1.25	+0.18
Calmar ratio: Return relative to maximum drawdown	3.21	1.80	+1.41
Martin ratio: Return relative to average drawdown	12.10	4.78	+7.32

VFV.TO vs. SWVXX - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 2.33, which is higher than the SWVXX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VFV.TO 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

VFV.TO vs. SWVXX - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, which is greater than SWVXX's maximum drawdown of -6.51%. Use the drawdown chart below to compare losses from any high point for VFV.TO and SWVXX.

Drawdown Indicators

	VFV.TO	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-27.43%	-6.51%	-20.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-3.52%	-5.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-6.51%	-12.54%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-6.51%	-15.68%
Max Drawdown (10Y) Largest decline over 10 years	-27.43%	—	—
Current Drawdown Current decline from peak	-1.46%	-0.24%	-1.22%
Average Drawdown Average peak-to-trough decline	-3.35%	-1.87%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	1.33%	+0.95%

Volatility

VFV.TO vs. SWVXX - Volatility Comparison

Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 4.49% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.65%. This indicates that VFV.TO'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

	VFV.TO	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	0.65%	+3.84%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	3.42%	+5.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	4.65%	+7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	6.48%	+8.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	6.47%	+10.13%

VFV.TO vs. SWVXX - Expense Ratio Comparison

VFV.TO has a 0.09% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

VFV.TO vs. SWVXX - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.84%, less 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%
VFV.TO Vanguard S&P 500 Index ETF	0.84%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.69%	1.51%	1.65%	1.63%

Frequently Asked Questions

Can I hold both VFV.TO and SWVXX in my portfolio?

VFV.TO and SWVXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.