VOX vs. SGVT

Last updated Jun 21, 2026

VOX (Vanguard Communication Services ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index, while SGVT is a Money Market fund actively managed by Charles Schwab. VOX is passively managed, while SGVT is actively managed. Over the past year, VOX returned 16.56% vs 3.76% for SGVT. At a correlation of -0.10, they often move in opposite directions. VOX charges 0.09%/yr vs 0.28%/yr for SGVT.

Performance

VOX vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Communication Services ETF (VOX) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOX achieves a -3.26% return, which is significantly lower than SGVT's 1.61% return.

VOX

• 1D: 0.73%
• 1M: -4.60%
• YTD: -3.26%
• 6M: -2.24%
• 1Y: 16.56%
• 3Y*: 22.04%
• 5Y*: 7.14%
• 10Y*: 8.67%

SGVT

• 1D: 0.07%
• 1M: 0.31%
• YTD: 1.61%
• 6M: 1.71%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOX vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
VOX Vanguard Communication Services ETF	-3.26%	18.09%
SGVT Schwab Government Money Market ETF	1.61%	2.22%

Correlation

The correlation between VOX and SGVT is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	-0.10

Return for Risk

VOX vs. SGVT — Risk / Return Rank

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

VOX

VOX Risk / Return Rank: 27
VOX Sharpe Ratio Rank: 28
VOX Sortino Ratio Rank: 28
VOX Omega Ratio Rank: 26
VOX Calmar Ratio Rank: 24
VOX Martin Ratio Rank: 30

SGVT

SGVT Risk / Return Rank: 100
SGVT Sharpe Ratio Rank: 100
SGVT Sortino Ratio Rank: 100
SGVT Omega Ratio Rank: 100
SGVT Calmar Ratio Rank: 100
SGVT Martin Ratio Rank: 100

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.

VOX vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) and Schwab Government Money Market ETF (SGVT). 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.

	VOX	SGVT	Difference
Sharpe ratio: Return per unit of total volatility	0.97	17.88	-16.91
Sortino ratio: Return per unit of downside risk	1.47	102.40	-100.93
Omega ratio: Gain probability vs. loss probability	1.18	36.62	-35.44
Calmar ratio: Return relative to maximum drawdown	1.13	141.07	-139.94
Martin ratio: Return relative to average drawdown	4.07	1,499.70	-1,495.62

VOX vs. SGVT - Sharpe Ratio Comparison

The current VOX Sharpe Ratio is 0.97, which is lower than the SGVT Sharpe Ratio of 17.88. The chart below compares the historical Sharpe Ratios of VOX and SGVT, 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

VOX vs. SGVT - Drawdown Comparison

The maximum VOX drawdown since its inception was -57.18%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VOX and SGVT.

Drawdown Indicators

	VOX	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-0.03%	-57.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.56%	-0.03%	-13.53%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	—	—
Current Drawdown Current decline from peak	-6.51%	0.00%	-6.51%
Average Drawdown Average peak-to-trough decline	-11.90%	-0.00%	-11.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	0.00%	+3.74%

Volatility

VOX vs. SGVT - Volatility Comparison

Vanguard Communication Services ETF (VOX) has a higher volatility of 5.00% compared to Schwab Government Money Market ETF (SGVT) at 0.09%. This indicates that VOX's price experiences larger fluctuations and is considered to be riskier than SGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOX	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	0.09%	+4.91%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	0.15%	+11.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	0.21%	+15.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	0.21%	+21.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	0.21%	+20.71%

VOX vs. SGVT - Expense Ratio Comparison

VOX has a 0.09% expense ratio, which is lower than SGVT's 0.28% expense ratio.

Dividends

VOX vs. SGVT - Dividend Comparison

VOX's dividend yield for the trailing twelve months is around 1.02%, less than SGVT's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGVT Schwab Government Money Market ETF	3.11%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOX Vanguard Communication Services ETF	1.02%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%

Frequently Asked Questions

Can I hold both VOX and SGVT in my portfolio?

VOX and SGVT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOX or SGVT?

VOX has higher volatility (5.00%) compared to SGVT (0.09%). In terms of maximum drawdown, VOX dropped -57.18% vs SGVT's -0.03%.

Which ETF is better, VOX or SGVT?

On 1-year performance, VOX leads with 16.56% vs 3.76% for SGVT. On fees, VOX is cheaper at 0.09% per year. On volatility, SGVT has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOX or SGVT?

Over the 1-year period, VOX has performed better with a 16.56% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOX or SGVT?

VOX is cheaper with a 0.09% expense ratio, compared with 0.28% for SGVT.

Which ETF pays a higher dividend yield, VOX or SGVT?

SGVT has the higher dividend yield at 3.11%, compared with 1.02% for VOX.

What is the main difference between VOX and SGVT?

VOX is categorized as Communications Equities, while SGVT is Money Market. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.09% for VOX and 0.28% for SGVT.

Which has better risk-adjusted returns?

SGVT currently has the higher Sharpe Ratio (17.88 vs 0.97), 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.