DRIHX vs. SWERX
Compare and contrast key facts about Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Schwab Target 2040 Fund (SWERX).
DRIHX is managed by Dimensional. It was launched on Nov 1, 2015. SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005.
Performance
DRIHX vs. SWERX - Performance Comparison
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DRIHX vs. SWERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | -2.79% | 14.48% | 11.11% | 16.06% | -16.20% | 16.54% | 12.73% | 22.12% | -7.66% | 19.53% |
SWERX Schwab Target 2040 Fund | -3.60% | 17.71% | 12.74% | 19.06% | -18.57% | 15.65% | 14.44% | 23.01% | -9.11% | 20.48% |
Returns By Period
In the year-to-date period, DRIHX achieves a -2.79% return, which is significantly higher than SWERX's -3.60% return. Both investments have delivered pretty close results over the past 10 years, with DRIHX having a 8.63% annualized return and SWERX not far ahead at 9.01%.
DRIHX
- 1D
- 0.20%
- 1M
- -6.57%
- YTD
- -2.79%
- 6M
- -0.99%
- 1Y
- 11.18%
- 3Y*
- 10.64%
- 5Y*
- 6.02%
- 10Y*
- 8.63%
SWERX
- 1D
- -0.21%
- 1M
- -7.72%
- YTD
- -3.60%
- 6M
- -1.12%
- 1Y
- 13.92%
- 3Y*
- 12.66%
- 5Y*
- 6.63%
- 10Y*
- 9.01%
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DRIHX vs. SWERX - Expense Ratio Comparison
DRIHX has a 0.22% expense ratio, which is higher than SWERX's 0.00% 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%.
Return for Risk
DRIHX vs. SWERX — Risk / Return Rank
DRIHX
SWERX
DRIHX vs. SWERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Schwab Target 2040 Fund (SWERX). 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.
| DRIHX | SWERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.07 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.56 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.34 | -0.15 |
Martin ratioReturn relative to average drawdown | 5.33 | 6.09 | -0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIHX | SWERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.07 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.45 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.61 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.50 | +0.18 |
Correlation
The correlation between DRIHX and SWERX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DRIHX vs. SWERX - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 5.18%, less than SWERX's 7.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 5.18% | 5.15% | 3.42% | 3.71% | 4.43% | 2.58% | 3.05% | 2.24% | 2.34% | 1.22% | 1.40% | 0.00% |
SWERX Schwab Target 2040 Fund | 7.45% | 7.19% | 5.00% | 3.83% | 8.31% | 6.96% | 3.33% | 7.69% | 8.57% | 4.13% | 6.76% | 10.85% |
Drawdowns
DRIHX vs. SWERX - Drawdown Comparison
The maximum DRIHX drawdown since its inception was -27.96%, smaller than the maximum SWERX drawdown of -48.24%. Use the drawdown chart below to compare losses from any high point for DRIHX and SWERX.
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Drawdown Indicators
| DRIHX | SWERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.96% | -48.24% | +20.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -9.38% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -30.40% | +7.89% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | -30.40% | +2.44% |
Current DrawdownCurrent decline from peak | -6.78% | -8.08% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -7.20% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.07% | -0.10% |
Volatility
DRIHX vs. SWERX - Volatility Comparison
The current volatility for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is 3.69%, while Schwab Target 2040 Fund (SWERX) has a volatility of 4.18%. This indicates that DRIHX experiences smaller price fluctuations and is considered to be less risky than SWERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIHX | SWERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 4.18% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 7.52% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 13.11% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 14.93% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 14.81% | -2.03% |