XHYD vs. SWVXX

Last updated Jun 9, 2026

XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - XHYD is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while SWVXX is a Money Market fund actively managed by Charles Schwab. XHYD is passively managed, while SWVXX is actively managed. Over the past 3 years, XHYD returned 7.51%/yr vs 4.71%/yr for SWVXX. At a correlation of -0.04, they often move in opposite directions. XHYD charges 0.35%/yr vs 0.34%/yr for SWVXX.

Performance

XHYD vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHYD achieves a 0.44% return, which is significantly lower than SWVXX's 1.45% return.

XHYD

• 1D: 0.00%
• 1M: -0.75%
• YTD: 0.44%
• 6M: 0.97%
• 1Y: 5.22%
• 3Y*: 7.51%
• 5Y*: —
• 10Y*: —

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)

XHYD vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	0.44%	8.33%	6.29%	11.75%	-5.88%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.45%	4.15%	5.16%	5.04%	0.00%

Correlation

The correlation between XHYD and SWVXX is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	-0.05

Return for Risk

XHYD vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) 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.

	XHYD	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	3.71	-2.16
Sortino ratio: Return per unit of downside risk	2.20	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.36	—	—
Martin ratio: Return relative to average drawdown	10.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYD vs. SWVXX - Sharpe Ratio Comparison

The current XHYD Sharpe Ratio is 1.55, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of XHYD 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.

Sharpe Ratios by Period

	XHYD	SWVXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	3.71	-2.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	2.94	-2.27

Drawdowns

XHYD vs. SWVXX - Drawdown Comparison

The maximum XHYD drawdown since its inception was -11.02%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XHYD and SWVXX.

Drawdown Indicators

	XHYD	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-11.02%	0.00%	-11.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	0.00%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	-3.70%	0.00%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Current Drawdown Current decline from peak	-1.08%	0.00%	-1.08%
Average Drawdown Average peak-to-trough decline	-2.04%	0.00%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.00%	+0.56%

Volatility

XHYD vs. SWVXX - Volatility Comparison

BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) has a higher volatility of 1.83% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that XHYD'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

	XHYD	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	0.29%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	0.76%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	1.10%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.15%	1.09%	+6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.15%	1.09%	+6.06%

XHYD vs. SWVXX - Expense Ratio Comparison

XHYD has a 0.35% expense ratio, which is higher than SWVXX's 0.34% expense ratio.

Dividends

XHYD vs. SWVXX - Dividend Comparison

XHYD has not paid dividends to shareholders, while SWVXX's dividend yield for the trailing twelve months is around 3.77%.

Position	TTM	2025	2024	2023	2022
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.77%	4.06%	5.02%	4.91%	0.00%
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	5.31%	5.83%	6.32%	5.80%	5.01%

Frequently Asked Questions

Can I hold both XHYD and SWVXX in my portfolio?

XHYD and SWVXX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHYD or SWVXX?

XHYD has higher volatility (1.83%) compared to SWVXX (0.29%). In terms of maximum drawdown, XHYD dropped -11.02% vs SWVXX's 0.00%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 1.55), 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.