The Swabian dukes supported the monastery of Einsiedeln with land donations. Later Schwyz expanded into Einsiedlean territory. Einsiedeln and the Habsburgians with their other affiliates became the main opponents of Schwyz until Schwyz won the battle of Morgarten in 1315. (
Source)
From this point it doesn't make much sense that "Schwaben" becomes Schwyz.
However as your link states the term Schwyz for
all three of the founding cantons was coined abroad and only adopted by the Swiss later.