AOK vs. SWYAX
AOK (iShares Core 30/70 Conservative Allocation ETF) and SWYAX (Schwab Target 2010 Index Fund) are both funds - AOK is a Diversified Portfolio fund tracking the S&P Target Risk Conservative Index, while SWYAX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, AOK returned 3.59%/yr vs 4.48%/yr for SWYAX. Their correlation of 0.89 suggests significant overlap in exposure. AOK charges 0.15%/yr vs 0.04%/yr for SWYAX.
Performance
AOK vs. SWYAX - Performance Comparison
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Returns By Period
In the year-to-date period, AOK achieves a 3.83% return, which is significantly lower than SWYAX's 4.33% return.
AOK
- 1D
- -0.58%
- 1M
- 0.30%
- YTD
- 3.83%
- 6M
- 3.39%
- 1Y
- 11.04%
- 3Y*
- 9.03%
- 5Y*
- 3.59%
- 10Y*
- 5.20%
SWYAX
- 1D
- -0.22%
- 1M
- 0.66%
- YTD
- 4.33%
- 6M
- 4.15%
- 1Y
- 11.38%
- 3Y*
- 9.59%
- 5Y*
- 4.48%
- 10Y*
- —
AOK vs. SWYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.83% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -3.09% | 9.70% |
SWYAX Schwab Target 2010 Index Fund | 4.33% | 11.17% | 7.18% | 11.95% | -13.28% | 6.99% | 10.61% | 14.55% | -2.27% | 9.48% |
Correlation
The correlation between AOK and SWYAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.89 |
The correlation between AOK and SWYAX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
AOK vs. SWYAX — Risk / Return Rank
AOK
SWYAX
AOK vs. SWYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 30/70 Conservative Allocation ETF (AOK) and Schwab Target 2010 Index Fund (SWYAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AOK | SWYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.87 | -0.41 |
| Martin ratioReturn relative to average drawdown | 10.37 | 12.77 | -2.39 |
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Drawdowns
AOK vs. SWYAX - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.94%, roughly equal to the maximum SWYAX drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for AOK and SWYAX.
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Drawdown Indicators
| AOK | SWYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -19.82% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -4.16% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.37% | -6.50% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -19.82% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.36% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -3.34% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.93% | +0.14% |
Volatility
AOK vs. SWYAX - Volatility Comparison
iShares Core 30/70 Conservative Allocation ETF (AOK) and Schwab Target 2010 Index Fund (SWYAX) have volatilities of 2.25% and 2.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOK | SWYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.15% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 4.49% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 5.47% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.82% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 7.45% | -0.73% |
AOK vs. SWYAX - Expense Ratio Comparison
AOK has a 0.15% expense ratio, which is higher than SWYAX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AOK vs. SWYAX - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.29%, less than SWYAX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
SWYAX Schwab Target 2010 Index Fund | 3.99% | 4.17% | 3.79% | 2.85% | 2.69% | 2.54% | 1.98% | 2.27% | 2.01% | 1.18% | 0.75% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, AOK and SWYAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AOK has higher volatility (2.25%) compared to SWYAX (2.15%). In terms of maximum drawdown, AOK dropped -18.94% vs SWYAX's -19.82%.
SWYAX currently has the higher Sharpe Ratio (2.19 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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