VPMCX vs. SWSBX
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Schwab Short-Term Bond Index Fund (SWSBX).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
VPMCX vs. SWSBX - Performance Comparison
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VPMCX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | -5.88% | 29.60% | 13.23% | 28.16% | -15.22% | 21.64% | 17.16% | 27.78% | -1.99% | 19.47% |
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, VPMCX achieves a -5.88% return, which is significantly lower than SWSBX's -0.27% return.
VPMCX
- 1D
- -1.19%
- 1M
- -10.44%
- YTD
- -5.88%
- 6M
- 3.34%
- 1Y
- 23.27%
- 3Y*
- 18.29%
- 5Y*
- 10.65%
- 10Y*
- 14.46%
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
- —
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VPMCX vs. SWSBX - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
VPMCX vs. SWSBX — Risk / Return Rank
VPMCX
SWSBX
VPMCX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Schwab Short-Term Bond Index Fund (SWSBX). 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.
| VPMCX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.71 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.69 | 2.83 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.79 | -1.24 |
Martin ratioReturn relative to average drawdown | 6.73 | 10.25 | -3.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPMCX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.71 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.42 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.76 | +0.01 |
Correlation
The correlation between VPMCX and SWSBX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VPMCX vs. SWSBX - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 17.38%, more than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | 17.38% | 16.36% | 6.62% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 4.53% | 5.05% | 5.91% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
VPMCX vs. SWSBX - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -50.45%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for VPMCX and SWSBX.
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Drawdown Indicators
| VPMCX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.45% | -9.06% | -41.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -1.54% | -12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -9.06% | -16.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | — | — |
Current DrawdownCurrent decline from peak | -11.73% | -1.23% | -10.50% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -1.81% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 0.42% | +2.74% |
Volatility
VPMCX vs. SWSBX - Volatility Comparison
Vanguard PRIMECAP Fund Investor Shares (VPMCX) has a higher volatility of 5.57% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that VPMCX's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPMCX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 0.73% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 1.49% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.55% | 2.40% | +18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 2.95% | +15.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 2.47% | +16.57% |