PLWIX vs. SWYOX
PLWIX (Principal LifeTime 2020 Fund) and SWYOX (Schwab Target 2065 Index Fund) are both Target Retirement Date funds. Over the past 5 years, PLWIX returned 4.90%/yr vs 10.04%/yr for SWYOX. Their correlation of 0.93 means they have usually moved in the same direction. PLWIX charges 0.01%/yr vs 0.08%/yr for SWYOX.
Performance
PLWIX vs. SWYOX - Performance Comparison
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Returns By Period
In the year-to-date period, PLWIX achieves a 4.04% return, which is significantly lower than SWYOX's 11.83% return.
PLWIX
- 1D
- 0.08%
- 1M
- -0.08%
- 6M
- 2.44%
- YTD
- 4.04%
- 1Y
- 9.17%
- 3Y*
- 10.59%
- 5Y*
- 4.90%
- 10Y*
- 7.13%
- ALL TIME*
- 5.98%
SWYOX
- 1D
- 0.18%
- 1M
- -0.18%
- 6M
- 7.99%
- YTD
- 11.83%
- 1Y
- 23.54%
- 3Y*
- 17.48%
- 5Y*
- 10.04%
- 10Y*
- —
- ALL TIME*
- 11.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PLWIX vs. SWYOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 4.04% | 11.32% | 12.21% | 12.23% | -14.36% | 8.15% |
SWYOX Schwab Target 2065 Index Fund | 11.83% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
Correlation
The correlation between PLWIX and SWYOX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.93 |
The correlation between PLWIX and SWYOX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
PLWIX vs. SWYOX — Risk / Return Rank
PLWIX
SWYOX
PLWIX vs. SWYOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2020 Fund (PLWIX) and Schwab Target 2065 Index Fund (SWYOX). 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.
| PLWIX | SWYOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.44 | -0.54 |
| Martin ratioReturn relative to average drawdown | 8.13 | 10.50 | -2.37 |
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Drawdowns
PLWIX vs. SWYOX - Drawdown Comparison
The maximum PLWIX drawdown since its inception was -49.07%, which is greater than SWYOX's maximum drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for PLWIX and SWYOX.
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Drawdown Indicators
| PLWIX | SWYOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.07% | -26.02% | -23.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -9.13% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -16.05% | +9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -26.02% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.29% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.21% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -5.59% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.12% | -1.01% |
Volatility
PLWIX vs. SWYOX - Volatility Comparison
The current volatility for Principal LifeTime 2020 Fund (PLWIX) is 1.69%, while Schwab Target 2065 Index Fund (SWYOX) has a volatility of 3.58%. This indicates that PLWIX experiences smaller price fluctuations and is considered to be less risky than SWYOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLWIX | SWYOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 3.58% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 10.89% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 13.14% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 15.72% | -7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.52% | 15.42% | -6.90% |
PLWIX vs. SWYOX - Expense Ratio Comparison
PLWIX has a 0.01% expense ratio, which is lower than SWYOX's 0.08% 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
PLWIX vs. SWYOX - Dividend Comparison
PLWIX's dividend yield for the trailing twelve months is around 9.69%, more than SWYOX's 1.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 9.69% | 10.08% | 11.91% | 5.12% | 9.82% | 9.40% | 5.90% | 8.69% | 7.35% | 5.74% | 3.73% | 8.75% |
SWYOX Schwab Target 2065 Index Fund | 1.67% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, PLWIX and SWYOX 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.
SWYOX has higher volatility (3.58%) compared to PLWIX (1.69%). In terms of maximum drawdown, PLWIX dropped -49.07% vs SWYOX's -26.02%.
SWYOX currently has the higher Sharpe Ratio (1.70 vs 1.42), 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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