PDGJX vs. SWYFX

Last updated Jun 4, 2026

PDGJX (Prudential Day One 2035 Fund) and SWYFX (Schwab Target 2035 Index Fund) are both Target Retirement Date funds. Over the past 5 years, PDGJX returned 9.89%/yr vs 8.23%/yr for SWYFX. With a 0.95 correlation, they move nearly in lockstep. PDGJX charges 0.02%/yr vs 0.04%/yr for SWYFX.

Performance

PDGJX vs. SWYFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2035 Fund (PDGJX) and Schwab Target 2035 Index Fund (SWYFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PDGJX having a 8.85% return and SWYFX slightly higher at 9.20%.

PDGJX

• 1D: 0.22%
• 1M: 3.00%
• YTD: 8.85%
• 6M: 9.09%
• 1Y: 19.65%
• 3Y*: 18.16%
• 5Y*: 9.89%
• 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)

PDGJX vs. SWYFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDGJX Prudential Day One 2035 Fund	8.85%	14.63%	22.14%	14.74%	-14.08%	17.09%	11.06%	21.89%	-6.78%	17.12%
SWYFX Schwab Target 2035 Index Fund	9.20%	16.40%	11.71%	18.20%	-16.36%	14.26%	13.85%	22.37%	-7.99%	17.02%

Correlation

The correlation between PDGJX and SWYFX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.95

The correlation between PDGJX and SWYFX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

PDGJX vs. SWYFX — Risk / Return Rank

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

PDGJX

PDGJX Risk / Return Rank: 74
PDGJX Sharpe Ratio Rank: 75
PDGJX Sortino Ratio Rank: 74
PDGJX Omega Ratio Rank: 73
PDGJX Calmar Ratio Rank: 69
PDGJX Martin Ratio Rank: 78

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.

PDGJX vs. SWYFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2035 Fund (PDGJX) 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.

	PDGJX	SWYFX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.47	+0.06
Sortino ratio: Return per unit of downside risk	3.61	3.51	+0.10
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio: Return relative to maximum drawdown	3.21	3.20	+0.01
Martin ratio: Return relative to average drawdown	14.74	14.28	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDGJX vs. SWYFX - Sharpe Ratio Comparison

The current PDGJX Sharpe Ratio is 2.53, which is comparable to the SWYFX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PDGJX 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

	PDGJX	SWYFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.47	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.69	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.75	+0.11

Drawdowns

PDGJX vs. SWYFX - Drawdown Comparison

The maximum PDGJX drawdown since its inception was -28.04%, which is greater than SWYFX's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for PDGJX and SWYFX.

Drawdown Indicators

	PDGJX	SWYFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.04%	-25.51%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-6.82%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-10.33%	-11.61%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-20.17%	-23.19%	+3.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.69%	-4.01%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.52%	-0.17%

Volatility

PDGJX vs. SWYFX - Volatility Comparison

The current volatility for Prudential Day One 2035 Fund (PDGJX) is 2.55%, while Schwab Target 2035 Index Fund (SWYFX) has a volatility of 2.77%. This indicates that PDGJX 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

	PDGJX	SWYFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.77%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	7.02%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	7.88%	8.83%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	12.07%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.47%	12.84%	-0.37%

PDGJX vs. SWYFX - Expense Ratio Comparison

PDGJX has a 0.02% expense ratio, which is lower than SWYFX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PDGJX vs. SWYFX - Dividend Comparison

PDGJX's dividend yield for the trailing twelve months is around 3.96%, more than SWYFX's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PDGJX Prudential Day One 2035 Fund	3.96%	4.31%	22.20%	4.16%	8.27%	13.30%	2.34%	5.23%	5.69%	2.04%	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 PDGJX and SWYFX in my portfolio?

With a correlation of 0.98, PDGJX and SWYFX 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, PDGJX or SWYFX?

SWYFX has higher volatility (2.77%) compared to PDGJX (2.55%). In terms of maximum drawdown, PDGJX dropped -28.04% vs SWYFX's -25.51%.

Which has better risk-adjusted returns?

PDGJX currently has the higher Sharpe Ratio (2.53 vs 2.47), 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.