DRIJX vs. SWTSX

Last updated Jun 24, 2026

DRIJX (Dimensional 2050 Target Date Retirement Income Fund) and SWTSX (Schwab Total Stock Market Index Fund) are both mutual funds - DRIJX is a Target Retirement Date fund managed by Dimensional, while SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index. Over the past 10 years, DRIJX returned 12.94%/yr vs 15.24%/yr for SWTSX. With a 0.96 correlation, they move nearly in lockstep. DRIJX charges 0.22%/yr vs 0.03%/yr for SWTSX.

Performance

DRIJX vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DRIJX having a 10.88% return and SWTSX slightly lower at 10.37%. Over the past 10 years, DRIJX has underperformed SWTSX with an annualized return of 12.94%, while SWTSX has yielded a comparatively higher 15.24% annualized return.

DRIJX

• 1D: -0.12%
• 1M: 1.07%
• YTD: 10.88%
• 6M: 10.18%
• 1Y: 25.47%
• 3Y*: 19.51%
• 5Y*: 11.54%
• 10Y*: 12.94%

SWTSX

• 1D: -0.33%
• 1M: 0.56%
• YTD: 10.37%
• 6M: 9.24%
• 1Y: 25.87%
• 3Y*: 21.18%
• 5Y*: 12.36%
• 10Y*: 15.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRIJX vs. SWTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRIJX Dimensional 2050 Target Date Retirement Income Fund	10.88%	19.64%	17.05%	21.37%	-15.25%	21.63%	14.09%	25.59%	-9.14%	21.76%
SWTSX Schwab Total Stock Market Index Fund	10.37%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between DRIJX and SWTSX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.96

The correlation between DRIJX and SWTSX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

DRIJX vs. SWTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRIJX

DRIJX Risk / Return Rank: 79
DRIJX Sharpe Ratio Rank: 81
DRIJX Sortino Ratio Rank: 79
DRIJX Omega Ratio Rank: 76
DRIJX Calmar Ratio Rank: 77
DRIJX Martin Ratio Rank: 84

SWTSX

SWTSX Risk / Return Rank: 64
SWTSX Sharpe Ratio Rank: 61
SWTSX Sortino Ratio Rank: 55
SWTSX Omega Ratio Rank: 56
SWTSX Calmar Ratio Rank: 70
SWTSX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRIJX vs. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Schwab Total Stock Market Index Fund (SWTSX). 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.

	DRIJX	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.11	+0.35
Sortino ratio: Return per unit of downside risk	3.44	2.86	+0.58
Omega ratio: Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	3.30	3.06	+0.24
Martin ratio: Return relative to average drawdown	14.58	13.62	+0.96

DRIJX vs. SWTSX - Sharpe Ratio Comparison

The current DRIJX Sharpe Ratio is 2.46, which is comparable to the SWTSX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DRIJX and SWTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRIJX vs. SWTSX - Drawdown Comparison

The maximum DRIJX drawdown since its inception was -33.55%, smaller than the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for DRIJX and SWTSX.

Drawdown Indicators

	DRIJX	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-33.55%	-54.60%	+21.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-8.88%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-15.25%	-19.43%	+4.18%
Max Drawdown (5Y) Largest decline over 5 years	-23.49%	-25.40%	+1.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.55%	-35.01%	+1.46%
Current Drawdown Current decline from peak	-0.73%	-1.47%	+0.74%
Average Drawdown Average peak-to-trough decline	-4.18%	-10.55%	+6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.99%	-0.16%

Volatility

DRIJX vs. SWTSX - Volatility Comparison

The current volatility for Dimensional 2050 Target Date Retirement Income Fund (DRIJX) is 4.20%, while Schwab Total Stock Market Index Fund (SWTSX) has a volatility of 4.76%. This indicates that DRIJX experiences smaller price fluctuations and is considered to be less risky than SWTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIJX	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	4.76%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	10.06%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	12.89%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	17.53%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.66%	18.65%	-2.99%

DRIJX vs. SWTSX - Expense Ratio Comparison

DRIJX has a 0.22% expense ratio, which is higher than SWTSX's 0.03% 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

DRIJX vs. SWTSX - Dividend Comparison

DRIJX's dividend yield for the trailing twelve months is around 2.29%, more than SWTSX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRIJX Dimensional 2050 Target Date Retirement Income Fund	2.29%	2.49%	2.53%	3.40%	3.98%	2.87%	4.15%	2.18%	2.29%	1.25%	1.40%	0.00%
SWTSX Schwab Total Stock Market Index Fund	1.00%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both DRIJX and SWTSX in my portfolio?

With a correlation of 0.95, DRIJX and SWTSX 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.

Which is riskier, DRIJX or SWTSX?

SWTSX has higher volatility (4.76%) compared to DRIJX (4.20%). In terms of maximum drawdown, DRIJX dropped -33.55% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

DRIJX currently has the higher Sharpe Ratio (2.46 vs 2.11), 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.