IRTR vs. SWHRX
IRTR (iShares LifePath Retirement ETF) and SWHRX (Schwab Target 2025 Fund) are both Target Retirement Date funds. Over the past year, IRTR returned 12.47% vs 12.73% for SWHRX. Their correlation of 0.94 suggests significant overlap in exposure. IRTR charges 0.08%/yr vs 0.00%/yr for SWHRX.
Performance
IRTR vs. SWHRX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IRTR having a 4.55% return and SWHRX slightly higher at 4.71%.
IRTR
- 1D
- -0.60%
- 1M
- 0.24%
- YTD
- 4.55%
- 6M
- 4.41%
- 1Y
- 12.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWHRX
- 1D
- -0.26%
- 1M
- 0.59%
- YTD
- 4.71%
- 6M
- 4.43%
- 1Y
- 12.73%
- 3Y*
- 11.00%
- 5Y*
- 5.10%
- 10Y*
- 7.66%
IRTR vs. SWHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 4.55% | 12.70% | 7.59% | 11.03% |
SWHRX Schwab Target 2025 Fund | 4.71% | 12.70% | 8.78% | 9.91% |
Correlation
The correlation between IRTR and SWHRX is 0.96 - 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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.94 |
The correlation between IRTR and SWHRX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IRTR vs. SWHRX — Risk / Return Rank
IRTR
SWHRX
IRTR vs. SWHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares LifePath Retirement ETF (IRTR) and Schwab Target 2025 Fund (SWHRX). 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.
| IRTR | SWHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.57 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.24 | 11.22 | +0.02 |
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Drawdowns
IRTR vs. SWHRX - Drawdown Comparison
The maximum IRTR drawdown since its inception was -6.29%, smaller than the maximum SWHRX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for IRTR and SWHRX.
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Drawdown Indicators
| IRTR | SWHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -37.97% | +31.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -5.18% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.45% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -5.32% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.18% | -0.07% |
Volatility
IRTR vs. SWHRX - Volatility Comparison
iShares LifePath Retirement ETF (IRTR) and Schwab Target 2025 Fund (SWHRX) have volatilities of 2.52% and 2.57%, 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
| IRTR | SWHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 2.57% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 5.44% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 6.60% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 10.96% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 10.52% | -3.41% |
IRTR vs. SWHRX - Expense Ratio Comparison
IRTR has a 0.08% expense ratio, which is higher than SWHRX'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%.
Dividends
IRTR vs. SWHRX - Dividend Comparison
IRTR's dividend yield for the trailing twelve months is around 3.01%, less than SWHRX's 9.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 3.01% | 3.03% | 3.03% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWHRX Schwab Target 2025 Fund | 9.68% | 10.13% | 7.82% | 5.19% | 5.72% | 6.41% | 2.94% | 5.47% | 5.95% | 3.78% | 5.31% | 7.05% |
Frequently Asked Questions
With a correlation of 0.96, IRTR and SWHRX 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.
SWHRX has higher volatility (2.57%) compared to IRTR (2.52%). In terms of maximum drawdown, IRTR dropped -6.29% vs SWHRX's -37.97%.
SWHRX currently has the higher Sharpe Ratio (2.02 vs 1.98), 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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