Dividend comparison
SGVT vs SWVXX: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab Government Money Market ETF and Schwab Prime Advantage Money Fund - Investor, side by side. Updated October 21, 2026.
SGVT vs SWVXX: key differences
The short answer, from the latest data on this page.
- Income. SWVXX pays more income, yielding 3.58% over the last twelve months versus 3.33% for SGVT. That is about $25 more a year on $10,000. Both pay monthly.
- Performance. Over the last 1 year, SGVT returned 0.7% versus 0.0% for SWVXX, with dividends reinvested. $10,000 would have grown to $10,067 in SGVT and $10,000 in SWVXX.
- Risk. Their worst declines over the last 1 year were similar: -0.6% for SGVT and 0.0% for SWVXX from peak to trough.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SGVT Schwab Government Money Market ETF | SWVXX Schwab Prime Advantage Money Fund - Investor |
|---|---|---|
| Dividend yield (TTM) | 3.33% | 3.58% |
| Dividend / share (TTM) | $3.36 | $0.04 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.2862 on Oct 7, 2026 | $0.0030 on Sep 30, 2026 |
| Ex-dividend date | Oct 1, 2026 | Sep 30, 2026 |
| Dividend growth (CAGR) | — | 223.8% over 4 yrs |
| Price | $100.69 | $1.00 |
| Beta | 0.01 | 0.02 |
| Max drawdown (5Y) | -0.6% | 0.0% |
| Market cap | $870.9M | $245.26B |
| Exchange | AMEX | NASDAQ |
| Expense ratio | 0.28% | — |
| Assets under management | $1.04B | — |
| Number of holdings | 1 | — |
| Top 10 concentration | 0.0% | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SGVT
$27.77/mo
$333 /yr at 3.33% yield
SWVXX
$29.84/mo
$358 /yr at 3.58% yield
Dividend history
Total dividends paid per share in each calendar year. SGVT pays monthly; SWVXX pays monthly.
| Year | SGVT | SWVXX |
|---|---|---|
| 2025 | — | $0.0406 |
| 2024 | — | $0.0500 |
| 2023 | — | $0.0491 |
| 2022 | — | $0.0156 |
| 2021 | — | $0.0004 |
Strategy: Cash equivalent
Funds holding short-dated US government paper, where the objective is that the principal is there when you need it. Yield follows short-term interest rates with a short lag rather than being locked in, so income falls when the central bank cuts and rises when it hikes. Because the underlying holdings are nearly identical across providers, the expense ratio comes almost directly out of what you receive.
There is no growth here by design, and purchasing power erodes whenever the after-tax yield sits below inflation.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 12, 2025 would now be worth $10,215 in SGVT and $10,105 in SWVXX.
| Period | SGVT | SWVXX |
|---|---|---|
| 1 month | 0.02% | 0.00% |
| 3 months | 0.04% | 0.00% |
| Year to date | 0.20% | 0.00% |
| 1 year | 0.67% | 0.00% |
| 3 years | — | 1.73% |
| 5 years | — | — |
- SGVT
- SWVXX
Both series indexed to 100 on 2025-06-12 using the adjusted closing price series. Past performance does not guarantee future results.
Top 10 holdings
Largest positions by portfolio weight.
Quick verdict
SWVXX currently posts the higher TTM yield (3.58%). SGVT yields 3.33%; SWVXX yields 3.58%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SGVT vs SWVXX fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SGVT or SWVXX better for dividend income?
It depends on your goals. SGVT currently yields 3.33% Trailing Twelve Months (TTM) while SWVXX yields 3.58%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SGVT and SWVXX?
Schwab Government Money Market ETF (SGVT) is an ETF listed on AMEX. Schwab Prime Advantage Money Fund - Investor (SWVXX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, SGVT or SWVXX?
Over the last 1 year, SGVT has the higher total return with dividends reinvested: SGVT returned 0.7% and SWVXX returned 0.0%. Past performance does not predict future returns.
Which is riskier, SGVT or SWVXX?
Measured by the worst peak-to-trough decline over the last five years, SGVT has been riskier: SGVT fell as much as 0.6% and SWVXX as much as 0.0%. Their betas are 0.01 and 0.02.
How often do SGVT and SWVXX pay dividends?
Both pay monthly. The most recent payments were $0.2862 for SGVT and $0.0030 for SWVXX.
How much income does $10,000 in SGVT vs SWVXX generate?
At current TTM yields, $10,000 in SGVT would generate roughly $27.77 per month ($333 annually). The same amount in SWVXX would produce about $29.84 per month ($358 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SGVT and SWVXX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SGVT vs SWVXX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SGVT and SWVXX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.