VGSH vs. SWVXX
VGSH (Vanguard Short-Term Treasury ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while SWVXX is a Money Market fund actively managed by Charles Schwab. VGSH is passively managed, while SWVXX is actively managed. Over the past 5 years, VGSH returned 1.87%/yr vs 3.06%/yr for SWVXX. Their 0.05 correlation means their historical movements had little consistent relationship. VGSH charges 0.03%/yr vs 0.34%/yr for SWVXX.
Performance
VGSH vs. SWVXX - Performance Comparison
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Returns By Period
In the year-to-date period, VGSH achieves a 0.77% return, which is significantly lower than SWVXX's 1.74% return.
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%
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%
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 |
VGSH vs. SWVXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 0.77% | 5.07% | 4.00% | 4.31% | -3.86% | -0.64% |
SWVXX Schwab Prime Advantage Money Fund Investor Shares | 1.74% | 4.15% | 5.16% | 4.33% | 0.00% | 0.00% |
Correlation
The correlation between VGSH and SWVXX 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 |
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Return for Risk
VGSH vs. SWVXX — Risk / Return Rank
VGSH
SWVXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGSH vs. SWVXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) 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.
| VGSH | SWVXX | 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 | — | — |
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Drawdowns
VGSH vs. SWVXX - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VGSH and SWVXX.
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Drawdown Indicators
| VGSH | SWVXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | 0.00% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | 0.00% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | 0.00% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | 0.00% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -5.70% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.59% | 0.00% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.00% | +0.23% |
Volatility
VGSH vs. SWVXX - Volatility Comparison
Vanguard Short-Term Treasury ETF (VGSH) has a higher volatility of 0.36% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.00%. This indicates that VGSH'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.
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Volatility by Period
| VGSH | SWVXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.00% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 0.69% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 1.09% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 1.06% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 1.04% | +0.54% |
VGSH vs. SWVXX - Expense Ratio Comparison
VGSH has a 0.03% expense ratio, which is lower than SWVXX's 0.34% expense ratio.
Dividends
VGSH vs. SWVXX - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.85%, more than SWVXX's 3.38% 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
VGSH and SWVXX 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, VGSH dropped -5.70% vs SWVXX's 0.00%.
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.
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