SWBRX vs. SWKRX
SWBRX (Schwab Target 2010 Fund) and SWKRX (Schwab Monthly Income Fund - Enhanced Payout) are both mutual funds - SWBRX is a Target Retirement Date fund managed by Charles Schwab, while SWKRX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, SWBRX returned 5.56%/yr vs 4.64%/yr for SWKRX. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.00% expense ratio.
Performance
SWBRX vs. SWKRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWBRX achieves a 3.30% return, which is significantly lower than SWKRX's 7.89% return. Over the past 10 years, SWBRX has outperformed SWKRX with an annualized return of 5.56%, while SWKRX has yielded a comparatively lower 4.64% annualized return.
SWBRX
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 2.15%
- YTD
- 3.30%
- 1Y
- 8.53%
- 3Y*
- 8.67%
- 5Y*
- 3.73%
- 10Y*
- 5.56%
- ALL TIME*
- 5.03%
SWKRX
- 1D
- -0.61%
- 1M
- 0.62%
- 6M
- 4.20%
- YTD
- 7.89%
- 1Y
- 13.92%
- 3Y*
- 9.44%
- 5Y*
- 3.82%
- 10Y*
- 4.64%
- ALL TIME*
- 4.52%
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 |
SWBRX vs. SWKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWBRX Schwab Target 2010 Fund | 3.30% | 11.25% | 7.36% | 11.82% | -14.21% | 6.98% | 11.19% | 14.52% | -3.45% | 10.24% |
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 7.89% | 12.14% | 3.85% | 8.71% | -12.47% | 5.73% | 6.11% | 13.79% | -4.20% | 8.19% |
Correlation
The correlation between SWBRX and SWKRX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.89 |
Over the past year, the correlation between SWBRX and SWKRX has dropped to 0.68 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
SWBRX vs. SWKRX — Risk / Return Rank
SWBRX
SWKRX
SWBRX vs. SWKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2010 Fund (SWBRX) and Schwab Monthly Income Fund - Enhanced Payout (SWKRX). 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 | SWKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.14 | -1.19 |
| Martin ratioReturn relative to average drawdown | 8.32 | 11.40 | -3.08 |
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Drawdowns
SWBRX vs. SWKRX - Drawdown Comparison
The maximum SWBRX drawdown since its inception was -37.52%, which is greater than SWKRX's maximum drawdown of -20.69%. Use the drawdown chart below to compare losses from any high point for SWBRX and SWKRX.
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Drawdown Indicators
| SWBRX | SWKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -20.69% | -16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -4.53% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -7.15% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -20.69% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -22.40% | -20.69% | -1.71% |
Current DrawdownCurrent decline from peak | -0.93% | -0.87% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.05% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.24% | -0.21% |
Volatility
SWBRX vs. SWKRX - Volatility Comparison
The current volatility for Schwab Target 2010 Fund (SWBRX) is 1.52%, while Schwab Monthly Income Fund - Enhanced Payout (SWKRX) has a volatility of 1.75%. This indicates that SWBRX experiences smaller price fluctuations and is considered to be less risky than SWKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWBRX | SWKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.75% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 4.55% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 5.75% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 8.15% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.69% | 7.08% | +0.61% |
SWBRX vs. SWKRX - Expense Ratio Comparison
SWBRX has a 0.00% expense ratio, which is lower than SWKRX'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. SWKRX - Dividend Comparison
SWBRX's dividend yield for the trailing twelve months is around 7.29%, more than SWKRX's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWBRX Schwab Target 2010 Fund | 7.29% | 7.53% | 6.88% | 4.35% | 4.59% | 4.86% | 2.64% | 4.91% | 6.25% | 2.22% | 1.79% | 1.86% |
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 3.88% | 4.41% | 4.73% | 4.69% | 7.47% | 3.93% | 3.02% | 4.66% | 3.10% | 2.71% | 4.71% | 2.27% |
Frequently Asked Questions
SWBRX and SWKRX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWKRX has higher volatility (1.75%) compared to SWBRX (1.52%). In terms of maximum drawdown, SWBRX dropped -37.52% vs SWKRX's -20.69%.
SWKRX currently has the higher Sharpe Ratio (2.48 vs 1.53), 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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