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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab Target 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Schwab Target 2040 Fund (SWERX) has returned -3.60% so far this year and 13.92% over the past 12 months. Over the last ten years, SWERX has returned 9.01% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Schwab Target 2040 Fund
- 1D
- -0.21%
- 1M
- -7.72%
- YTD
- -3.60%
- 6M
- -1.12%
- 1Y
- 13.92%
- 3Y*
- 12.66%
- 5Y*
- 6.63%
- 10Y*
- 9.01%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 1, 2005, SWERX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, your investment would double in approximately 8.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Oct 2011 with a return of +10.5%, while the worst month was Oct 2008 at -15.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SWERX closed higher 52% of trading days. The best single day was Dec 29, 2022 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.59% | 1.83% | -7.72% | -3.60% | |||||||||
| 2025 | 2.90% | -0.11% | -3.09% | 0.62% | 4.11% | 3.84% | 0.41% | 2.76% | 2.64% | 1.50% | 0.48% | 0.57% | 17.71% |
| 2024 | 0.12% | 3.53% | 2.66% | -3.66% | 4.09% | 1.35% | 2.16% | 2.22% | 1.54% | -2.19% | 3.63% | -2.99% | 12.74% |
| 2023 | 7.07% | -2.69% | 2.24% | 1.03% | -0.96% | 4.96% | 2.82% | -2.27% | -4.15% | -2.80% | 8.06% | 5.20% | 19.06% |
| 2022 | -4.85% | -2.98% | 1.01% | -7.30% | 0.36% | -7.49% | 6.62% | -4.10% | -8.73% | 5.51% | 6.98% | -3.68% | -18.57% |
| 2021 | -0.33% | 2.29% | 2.08% | 4.02% | 1.18% | 1.27% | 1.01% | 2.04% | -3.75% | 3.95% | -2.05% | 3.22% | 15.65% |
Benchmark Metrics
Schwab Target 2040 Fund has an annualized alpha of 1.11%, beta of 0.77, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since July 05, 2005.
- This fund participated in 87.71% of S&P 500 Index downside but only 85.63% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 1.11%
- Beta
- 0.77
- R²
- 0.89
- Upside Capture
- 85.63%
- Downside Capture
- 87.71%
Expense Ratio
SWERX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
SWERX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and compare them to a chosen benchmark (S&P 500 Index).
| SWERX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.90 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.39 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.40 | -0.06 |
Martin ratioReturn relative to average drawdown | 6.09 | 6.61 | -0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SWERX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Schwab Target 2040 Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $1.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.42 | $1.42 | $0.90 | $0.64 | $1.21 | $1.35 | $0.60 | $1.25 | $1.22 | $0.70 | $0.99 | $1.59 |
Dividend yield | 7.45% | 7.19% | 5.00% | 3.83% | 8.31% | 6.96% | 3.33% | 7.69% | 8.57% | 4.13% | 6.76% | 10.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Target 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.42 | $1.42 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Target 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab Target 2040 Fund was 48.24%, occurring on Mar 9, 2009. Recovery took 492 trading sessions.
The current Schwab Target 2040 Fund drawdown is 8.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.24% | Nov 1, 2007 | 339 | Mar 9, 2009 | 492 | Feb 17, 2011 | 831 |
| -30.4% | Dec 31, 2021 | 199 | Oct 14, 2022 | 435 | Jul 11, 2024 | 634 |
| -29.83% | Feb 20, 2020 | 23 | Mar 23, 2020 | 103 | Aug 18, 2020 | 126 |
| -19.67% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -16.79% | Jan 29, 2018 | 228 | Dec 21, 2018 | 213 | Oct 28, 2019 | 441 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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