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 2020 Fund | 0.01% | — | Feb 2001 | SWERX vs PLWIX | |
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | SWERX vs FCQTX | |
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | SWERX vs PPLIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | SWERX vs JIEHX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | SWERX vs LTIUX |
Best Risk-Adjusted Alternatives to SWERX
SWERX has a PortfoliosLab risk / return rank of 53. There are 491 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 86 | — | Dec 2019 | SWERX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | SWERX vs FRAMX | |
| State Street Target Retirement Fund | 84 | — | Sep 2014 | SWERX vs SSFNX | |
| Prudential Day One Income Fund | 82 | — | Dec 2016 | SWERX vs PDAHX | |
| Dimensional Retirement Income Fund | 81 | — | Nov 2015 | SWERX vs TDIFX |
Top Performing SWERX Alternatives (YTD)
SWERX is at 8.06% YTD. There are 329 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | SWERX vs FRAMX | |
| USAA Target Retirement 2060 Fund | 12.78% | — | Jul 2013 | SWERX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 12.62% | — | Jun 2017 | SWERX vs FWLSX | |
| Fidelity Freedom 2065 Fund Class K6 | 12.58% | — | Jun 2019 | SWERX vs FFSZX | |
| Fidelity Freedom 2055 Fund Class K6 | 12.56% | — | Jun 2011 | SWERX vs FCTKX |
Lowest Volatility Alternatives to SWERX
SWERX has 10.68% 1-year volatility. There are 338 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.51% | — | Nov 2015 | SWERX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | SWERX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | SWERX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | SWERX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | SWERX vs FIKFX |
Lowest Drawdown Alternatives to SWERX
SWERX has a 1-year max drawdown of -8.08%. There are 355 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 Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | SWERX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | SWERX vs FRIMX |
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 $248B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Schwab S&P 500 Index Fund | Large Cap Blend Equities, S&P 500 | 62 | 10.43% | 145.69B | May 1997 | SWERX vs SWPPX | |
| Schwab Prime Advantage Money Fund Investor Shares | Money Market | — | 1.74% | 247.96B | Apr 1992 | SWERX vs SWVXX | |
| Schwab Total Stock Market Index Fund | Large Cap Blend Equities | 61 | 10.92% | 44.59B | Jun 1999 | SWERX vs SWTSX | |
| Schwab U.S. Large-Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.02% | 4.94B | Dec 2017 | SWERX vs SWLGX | |
| Schwab International Index Fund | Foreign Large Cap Equities | 35 | 9.37% | 14.63B | May 1997 | SWERX vs SWISX | |
| Schwab U.S. Aggregate Bond Index Fund | Total Bond Market | 18 | -0.39% | 8.31B | — | SWERX vs SWAGX | |
| Schwab 1000 Index Fund | Large Cap Blend Equities | 59 | 10.72% | 22.48B | Apr 1991 | SWERX vs SNXFX | |
| Schwab Large-Cap Growth Fund™ | Large Cap Growth Equities | 25 | 7.85% | 626.43M | Oct 2005 | SWERX vs SWLSX | |
| Schwab Fundamental US Large Company Index Fund | Large Cap Value Equities | 93 | 16.53% | 12.97B | Apr 2007 | SWERX vs SFLNX | |
| Schwab Small-Cap Index Fund-Select Shares | Small Cap Blend Equities | 67 | 19.74% | 7.67B | May 1997 | SWERX vs SWSSX |
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