YEAR vs. SWVXX

Last updated Jun 23, 2026

YEAR (AB Ultra Short Income ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - YEAR is a Ultrashort Bond fund actively managed by AllianceBernstein, while SWVXX is a Money Market fund actively managed by Charles Schwab. Both are actively managed. Over the past 3 years, YEAR returned 4.94%/yr vs 4.56%/yr for SWVXX. At a 0.02 correlation, their price movements are largely independent. YEAR charges 0.25%/yr vs 0.34%/yr for SWVXX.

Performance

YEAR vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Ultra Short Income ETF (YEAR) 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, YEAR achieves a 1.22% return, which is significantly lower than SWVXX's 1.45% return.

YEAR

• 1D: -0.05%
• 1M: 0.19%
• YTD: 1.22%
• 6M: 1.34%
• 1Y: 3.66%
• 3Y*: 4.94%
• 5Y*: —
• 10Y*: —

SWVXX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.45%
• 6M: 1.77%
• 1Y: 3.85%
• 3Y*: 4.56%
• 5Y*: 3.14%
• 10Y*: —

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

YEAR vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YEAR AB Ultra Short Income ETF	1.22%	4.69%	5.41%	5.85%	1.07%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.45%	4.15%	5.16%	5.04%	0.00%

Correlation

The correlation between YEAR and SWVXX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022	0.02

The correlation between YEAR and SWVXX shifts across timeframes, from 0.02 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

YEAR vs. SWVXX — Risk / Return Rank

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

YEAR

YEAR Risk / Return Rank: 98
YEAR Sharpe Ratio Rank: 97
YEAR Sortino Ratio Rank: 98
YEAR Omega Ratio Rank: 98
YEAR Calmar Ratio Rank: 98
YEAR Martin Ratio Rank: 98

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.

YEAR vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) 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.

	YEAR	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	4.66	3.71	+0.95
Sortino ratio: Return per unit of downside risk	8.42	—	—
Omega ratio: Gain probability vs. loss probability	2.10	—	—
Calmar ratio: Return relative to maximum drawdown	16.17	—	—
Martin ratio: Return relative to average drawdown	69.73	—	—

YEAR vs. SWVXX - Sharpe Ratio Comparison

The current YEAR Sharpe Ratio is 4.66, which is comparable to the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of YEAR 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

YEAR vs. SWVXX - Drawdown Comparison

The maximum YEAR drawdown since its inception was -0.64%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for YEAR and SWVXX.

Drawdown Indicators

	YEAR	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-0.64%	0.00%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.23%	0.00%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-0.43%	0.00%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.06%	0.00%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.00%	+0.05%

Volatility

YEAR vs. SWVXX - Volatility Comparison

AB Ultra Short Income ETF (YEAR) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX) have volatilities of 0.28% and 0.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YEAR	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.29%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.54%	0.70%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	0.79%	1.10%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	1.09%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	1.09%	+0.06%

YEAR vs. SWVXX - Expense Ratio Comparison

YEAR has a 0.25% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

YEAR vs. SWVXX - Dividend Comparison

YEAR's dividend yield for the trailing twelve months is around 4.14%, more than SWVXX's 3.77% yield.

Position	TTM	2025	2024	2023	2022
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.77%	4.06%	5.02%	4.91%	0.00%
YEAR AB Ultra Short Income ETF	4.14%	4.33%	5.16%	5.00%	1.19%

Frequently Asked Questions

Can I hold both YEAR and SWVXX in my portfolio?

YEAR and SWVXX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YEAR or SWVXX?

SWVXX has higher volatility (0.29%) compared to YEAR (0.28%). In terms of maximum drawdown, YEAR dropped -0.64% vs SWVXX's 0.00%.

Which has better risk-adjusted returns?

YEAR currently has the higher Sharpe Ratio (4.66 vs 3.71), 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.