Schwab Target 2040 Fund (SWERX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SWERX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SWERX
SWERX charges 0.00% annually. No mutual funds in the Target Retirement Date category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2025 Fund | 0.01% | — | Feb 2008 | SWERX vs LTSTX | |
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | SWERX vs PLTZX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | SWERX vs JIEHX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | SWERX vs LTRIX | |
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | SWERX vs PPLIX |
Best Risk-Adjusted Alternatives to SWERX
SWERX has a PortfoliosLab risk / return rank of 59. There are 527 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 89 | — | Dec 2019 | SWERX vs PADLX | |
| State Street Target Retirement Fund | 88 | — | Sep 2014 | SWERX vs SSFNX | |
| Prudential Day One Income Fund | 85 | — | Dec 2016 | SWERX vs PDAHX | |
| State Street Target Retirement 2025 Fund | 85 | — | Sep 2014 | SWERX vs SSBRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 83 | — | Nov 2015 | SWERX vs DRILX |
Top Performing SWERX Alternatives (YTD)
SWERX is at 9.28% YTD. There are 331 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.17%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Flex Freedom Blend 2060 Fund | 14.17% | — | Jun 2017 | SWERX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 14.11% | — | Jun 2019 | SWERX vs FDFPX | |
| Fidelity Flex Freedom Blend 2055 Fund | 14.07% | — | Jun 2017 | SWERX vs FQLSX | |
| Fidelity Freedom Blend 2055 Fund Class K6 | 14.04% | — | Aug 2018 | SWERX vs FHDDX | |
| Fidelity Freedom Blend 2065 Fund Class K6 | 14.03% | — | Jun 2019 | SWERX vs FFBQX |
Lowest Volatility Alternatives to SWERX
SWERX has 10.00% 1-year volatility. There are 359 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.33% | — | Nov 2015 | SWERX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 3.98% | — | Oct 2009 | SWERX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.01% | — | Oct 2009 | SWERX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.14% | — | Aug 2019 | SWERX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | 4.15% | — | Aug 2019 | SWERX vs FRKMX |
Lowest Drawdown Alternatives to SWERX
SWERX has a 1-year max drawdown of -8.08%. There are 373 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | SWERX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | SWERX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | SWERX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | SWERX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | SWERX vs FRKMX |
Other Mutual Funds from Charles Schwab
The 10 most viewed Charles Schwab mutual funds shown here include SWPPX, SWVXX, SWTSX and span 8 categories. AUM among these funds goes as high as $249B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Schwab S&P 500 Index Fund | Large Cap Blend Equities, S&P 500 | 73 | 11.69% | 145.00B | May 1997 | SWERX vs SWPPX | |
| Schwab Prime Advantage Money Fund Investor Shares | Money Market | — | 1.45% | 248.87B | Apr 1992 | SWERX vs SWVXX | |
| Schwab Total Stock Market Index Fund | Large Cap Blend Equities | 71 | 12.02% | 43.45B | Jun 1999 | SWERX vs SWTSX | |
| Schwab U.S. Large-Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.61% | 5.10B | Dec 2017 | SWERX vs SWLGX | |
| Schwab International Index Fund | Foreign Large Cap Equities | 26 | 9.54% | 14.43B | May 1997 | SWERX vs SWISX | |
| Schwab U.S. Aggregate Bond Index Fund | Total Bond Market | 21 | 0.38% | 8.21B | — | SWERX vs SWAGX | |
| Schwab 1000 Index Fund | Large Cap Blend Equities | 70 | 11.89% | 22.44B | Apr 1991 | SWERX vs SNXFX | |
| Schwab Large-Cap Growth Fund™ | Large Cap Growth Equities | 35 | 11.17% | 628.62M | Oct 2005 | SWERX vs SWLSX | |
| Schwab Small-Cap Index Fund-Select Shares | Small Cap Blend Equities | 64 | 18.71% | 7.51B | May 1997 | SWERX vs SWSSX | |
| Schwab Fundamental US Large Company Index Fund | Large Cap Value Equities | 92 | 14.66% | 12.67B | Apr 2007 | SWERX vs SFLNX |
Often Compared With SWERX
Investors most often compare SWERX with SWDRX, TRRKX, QQQ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SWERX with Any Fund or Stock
Compare SWERX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SWERX with funds that move differently
Schwab Target 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SWERX.
Explore SWERX Diversifiers