SWBRX vs. SWHRX
SWBRX (Schwab Target 2010 Fund) and SWHRX (Schwab Target 2025 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 10 years, SWBRX returned 5.82%/yr vs 7.49%/yr for SWHRX. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.
Performance
SWBRX vs. SWHRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWBRX achieves a 3.97% return, which is significantly lower than SWHRX's 4.99% return. Over the past 10 years, SWBRX has underperformed SWHRX with an annualized return of 5.82%, while SWHRX has yielded a comparatively higher 7.49% annualized return.
SWBRX
- 1D
- 0.51%
- 1M
- 0.80%
- YTD
- 3.97%
- 6M
- 3.98%
- 1Y
- 11.44%
- 3Y*
- 9.22%
- 5Y*
- 4.29%
- 10Y*
- 5.82%
SWHRX
- 1D
- 0.65%
- 1M
- 0.85%
- YTD
- 4.99%
- 6M
- 4.97%
- 1Y
- 13.56%
- 3Y*
- 10.70%
- 5Y*
- 5.31%
- 10Y*
- 7.49%
SWBRX vs. SWHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWBRX Schwab Target 2010 Fund | 3.97% | 11.25% | 7.36% | 11.82% | -14.21% | 6.98% | 11.19% | 14.52% | -3.45% | 10.24% |
SWHRX Schwab Target 2025 Fund | 4.99% | 12.70% | 8.78% | 14.29% | -15.90% | 10.31% | 12.55% | 18.66% | -6.00% | 15.57% |
Correlation
The correlation between SWBRX and SWHRX 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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 0.97 |
The correlation between SWBRX and SWHRX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SWBRX vs. SWHRX — Risk / Return Rank
SWBRX
SWHRX
SWBRX vs. SWHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2010 Fund (SWBRX) 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.
| SWBRX | SWHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.62 | -0.02 |
| Martin ratioReturn relative to average drawdown | 11.39 | 11.41 | -0.02 |
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Drawdowns
SWBRX vs. SWHRX - Drawdown Comparison
The maximum SWBRX drawdown since its inception was -37.52%, roughly equal to the maximum SWHRX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SWBRX and SWHRX.
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Drawdown Indicators
| SWBRX | SWHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -37.97% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -5.18% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -6.55% | -7.77% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -26.06% | +3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.40% | -26.06% | +3.66% |
Current DrawdownCurrent decline from peak | -0.14% | -0.19% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -5.32% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.18% | -0.18% |
Volatility
SWBRX vs. SWHRX - Volatility Comparison
The current volatility for Schwab Target 2010 Fund (SWBRX) is 2.22%, while Schwab Target 2025 Fund (SWHRX) has a volatility of 2.65%. This indicates that SWBRX experiences smaller price fluctuations and is considered to be less risky than SWHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWBRX | SWHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 2.65% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 5.45% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 6.58% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.83% | 10.96% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 10.52% | -2.82% |
SWBRX vs. SWHRX - Expense Ratio Comparison
SWBRX has a 0.00% expense ratio, which is lower than SWHRX's 0.00% 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
SWBRX vs. SWHRX - Dividend Comparison
SWBRX's dividend yield for the trailing twelve months is around 7.25%, less than SWHRX's 9.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWBRX Schwab Target 2010 Fund | 7.25% | 7.53% | 6.88% | 4.35% | 4.59% | 4.86% | 2.64% | 4.91% | 6.25% | 2.22% | 1.79% | 1.86% |
SWHRX Schwab Target 2025 Fund | 9.65% | 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 0.98, SWBRX 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 (2.65%) compared to SWBRX (2.22%). In terms of maximum drawdown, SWBRX dropped -37.52% vs SWHRX's -37.97%.
SWBRX currently has the higher Sharpe Ratio (2.07 vs 2.06), 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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