- Issuer
- Charles Schwab
- Inception Date
- Feb 24, 2021
- Category
- Target Retirement Date
- Min. Investment
- $0
- Index Tracked
- Target 2065 Passive Composite Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $479M
Share Price Chart
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Performance
SWYOX Performance Chart
Schwab Target 2065 Index Fund (SWYOX) is up 11.6% since the beginning of the year. SWYOX is currently trading at $16 per share. Investors who bought $1,000 worth of SWYOX shares 5 years ago would now be looking at an investment worth $1,611.
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Returns By Period
Schwab Target 2065 Index Fund (SWYOX) has returned 11.63% so far this year and 23.32% over the past 12 months.
Schwab Target 2065 Index Fund
- 1D
- 1.87%
- 1M
- -0.37%
- 6M
- 8.37%
- YTD
- 11.63%
- 1Y
- 23.32%
- 3Y*
- 17.19%
- 5Y*
- 10.00%
- 10Y*
- —
- ALL TIME*
- 11.41%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SWYOX Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 2021, SWYOX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +9.1%, while the worst month was Sep 2022 at -9.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SWYOX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.1%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.01% | 1.93% | -5.93% | 9.14% | 4.31% | 0.12% | -0.85% | 11.63% | |||||
| 2025 | 2.99% | -0.16% | -3.54% | 0.33% | 5.20% | 4.25% | 1.04% | 3.01% | 3.06% | 1.80% | 0.48% | 0.62% | 20.48% |
| 2024 | -0.64% | 4.14% | 3.09% | -3.94% | 4.46% | 1.62% | 2.61% | 2.46% | 2.16% | -2.27% | 4.24% | -3.42% | 14.95% |
| 2023 | 7.75% | -3.14% | 2.20% | 1.23% | -1.21% | 5.83% | 3.48% | -2.80% | -4.52% | -2.92% | 9.02% | 5.99% | 21.61% |
| 2022 | -4.67% | -2.68% | 2.09% | -7.62% | 0.10% | -7.84% | 7.20% | -4.17% | -9.55% | 6.10% | 7.96% | -4.44% | -17.90% |
| 2021 | 3.03% | 4.11% | 1.41% | 1.39% | 0.82% | 2.18% | -4.00% | 5.00% | -2.38% | 3.79% | 16.04% |
Benchmark Metrics
Schwab Target 2065 Index Fund has an annualized alpha of 0.01%, beta of 0.88, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since March 08, 2021.
- This fund participated in 92.62% of S&P 500 Index downside but only 87.57% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.90, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.01%
- Beta
- 0.88
- R²
- 0.90
- Upside Capture
- 87.57%
- Downside Capture
- 92.62%
Expense Ratio
SWYOX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
SWYOX ranks 66 for risk / return — above 66% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWYOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.00 | +0.33 |
| Martin ratioReturn relative to average drawdown | 10.02 | 8.49 | +1.53 |
Dividends
Dividend History
Schwab Target 2065 Index Fund provided a 1.68% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.22 | $0.20 | $0.16 | $0.14 |
Dividend yield | 1.68% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Target 2065 Index 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 | $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 | $0.27 | $0.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.14 | $0.14 |
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 2065 Index 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 2065 Index Fund was 26.02%, occurring on Oct 14, 2022. Recovery took 302 trading sessions.
The current Schwab Target 2065 Index Fund drawdown is 1.39%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.02%Oct 2022 | 11mo 9d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 | Bear market2022 |
-16.05%Apr 2025 | 1mo 18d | 1mo 11d | 2mo 29dFeb 2025 - May 2025 | 2025 selloff2025 |
-9.13%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 | — |
-7.41%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 | — |
-5.23%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 | — |
Drawdown Indicators
| SWYOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -56.78% | +30.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -9.10% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -18.90% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -25.43% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.58% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -10.70% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.14% | -0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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