IBIG vs. SWYFX

Last updated Jun 4, 2026

IBIG (iShares iBonds Oct 2030 Term TIPS ETF) and SWYFX (Schwab Target 2035 Index Fund) are both funds - IBIG is a Inflation-Protected Bonds fund tracking the ICE 2030 Maturity US Inflation-Linked Treasury Index, while SWYFX is a Target Retirement Date fund managed by Charles Schwab. Over the past year, IBIG returned 5.02% vs 21.44% for SWYFX. At a 0.26 correlation, their price movements are largely independent. IBIG charges 0.10%/yr vs 0.04%/yr for SWYFX.

Performance

IBIG vs. SWYFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2030 Term TIPS ETF (IBIG) and Schwab Target 2035 Index Fund (SWYFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIG achieves a 1.64% return, which is significantly lower than SWYFX's 9.20% return.

IBIG

• 1D: -0.09%
• 1M: -0.37%
• YTD: 1.64%
• 6M: 1.42%
• 1Y: 5.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWYFX

• 1D: 0.24%
• 1M: 3.95%
• YTD: 9.20%
• 6M: 9.60%
• 1Y: 21.44%
• 3Y*: 15.77%
• 5Y*: 8.23%
• 10Y*: —

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

IBIG vs. SWYFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIG iShares iBonds Oct 2030 Term TIPS ETF	1.64%	7.90%	2.60%	4.26%
SWYFX Schwab Target 2035 Index Fund	9.20%	16.40%	11.71%	8.22%

Correlation

The correlation between IBIG and SWYFX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.26

Return for Risk

IBIG vs. SWYFX — Risk / Return Rank

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

IBIG

IBIG Risk / Return Rank: 66
IBIG Sharpe Ratio Rank: 58
IBIG Sortino Ratio Rank: 67
IBIG Omega Ratio Rank: 59
IBIG Calmar Ratio Rank: 75
IBIG Martin Ratio Rank: 69

SWYFX

SWYFX Risk / Return Rank: 71
SWYFX Sharpe Ratio Rank: 73
SWYFX Sortino Ratio Rank: 71
SWYFX Omega Ratio Rank: 67
SWYFX Calmar Ratio Rank: 69
SWYFX Martin Ratio Rank: 76

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.

IBIG vs. SWYFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) and Schwab Target 2035 Index Fund (SWYFX). 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.

	IBIG	SWYFX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.47	-0.54
Sortino ratio: Return per unit of downside risk	3.05	3.51	-0.46
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	3.74	3.20	+0.54
Martin ratio: Return relative to average drawdown	12.68	14.28	-1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBIG vs. SWYFX - Sharpe Ratio Comparison

The current IBIG Sharpe Ratio is 1.93, which is comparable to the SWYFX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of IBIG and SWYFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBIG	SWYFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.47	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.75	+0.68

Drawdowns

IBIG vs. SWYFX - Drawdown Comparison

The maximum IBIG drawdown since its inception was -3.21%, smaller than the maximum SWYFX drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for IBIG and SWYFX.

Drawdown Indicators

	IBIG	SWYFX	Difference
Max Drawdown Largest peak-to-trough decline	-3.21%	-25.51%	+22.30%
Max Drawdown (1Y) Largest decline over 1 year	-1.35%	-6.82%	+5.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.19%	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.77%	-4.01%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	1.52%	-1.12%

Volatility

IBIG vs. SWYFX - Volatility Comparison

The current volatility for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is 0.62%, while Schwab Target 2035 Index Fund (SWYFX) has a volatility of 2.77%. This indicates that IBIG experiences smaller price fluctuations and is considered to be less risky than SWYFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIG	SWYFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	2.77%	-2.15%
Volatility (6M) Calculated over the trailing 6-month period	1.70%	7.02%	-5.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.62%	8.83%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.29%	12.07%	-7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.29%	12.84%	-8.55%

IBIG vs. SWYFX - Expense Ratio Comparison

IBIG has a 0.10% expense ratio, which is higher than SWYFX'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

IBIG vs. SWYFX - Dividend Comparison

IBIG's dividend yield for the trailing twelve months is around 3.89%, more than SWYFX's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IBIG iShares iBonds Oct 2030 Term TIPS ETF	3.89%	4.70%	4.15%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWYFX Schwab Target 2035 Index Fund	2.09%	2.28%	2.37%	2.14%	2.02%	1.80%	1.73%	2.00%	0.00%	1.44%	0.99%

Frequently Asked Questions

Can I hold both IBIG and SWYFX in my portfolio?

IBIG and SWYFX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIG or SWYFX?

SWYFX has higher volatility (2.77%) compared to IBIG (0.62%). In terms of maximum drawdown, IBIG dropped -3.21% vs SWYFX's -25.51%.

Which has better risk-adjusted returns?

SWYFX currently has the higher Sharpe Ratio (2.47 vs 1.93), 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.