SWCRX vs. SCHG

Last updated Aug 2, 2026

SWCRX (Schwab Target 2020 Fund) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both funds - SWCRX is a Target Retirement Date fund managed by Charles Schwab, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Over the past 10 years, SWCRX returned 6.30%/yr vs 18.27%/yr for SCHG. Their correlation of 0.87 means they have usually moved in the same direction. SWCRX charges 0.00%/yr vs 0.04%/yr for SCHG.

Performance

SWCRX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2020 Fund (SWCRX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWCRX achieves a 4.10% return, which is significantly lower than SCHG's 4.99% return. Over the past 10 years, SWCRX has underperformed SCHG with an annualized return of 6.30%, while SCHG has yielded a comparatively higher 18.27% annualized return.

SWCRX

• 1D: 0.67%
• 1M: -0.52%
• 6M: 2.83%
• YTD: 4.10%
• 1Y: 10.07%
• 3Y*: 9.40%
• 5Y*: 4.34%
• 10Y*: 6.30%
• ALL TIME*: 6.00%

SCHG

• 1D: 1.12%
• 1M: 0.15%
• 6M: 7.02%
• YTD: 4.99%
• 1Y: 16.16%
• 3Y*: 21.39%
• 5Y*: 13.15%
• 10Y*: 18.27%
• ALL TIME*: 16.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHG Schwab U.S. Large-Cap Growth ETF	$247.66M	$249.87M	$339.91M
SWCRX Schwab Target 2020 Fund	$0.00	$0.00	$0.00

SWCRX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWCRX Schwab Target 2020 Fund	4.10%	12.23%	8.32%	12.83%	-14.76%	7.86%	11.47%	16.16%	-4.46%	13.05%
SCHG Schwab U.S. Large-Cap Growth ETF	4.99%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between SWCRX and SCHG is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.87

The correlation between SWCRX and SCHG shifts across timeframes, from 0.77 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWCRX vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWCRX

SWCRX Risk / Return Rank: 61
SWCRX Sharpe Ratio Rank: 62
SWCRX Sortino Ratio Rank: 62
SWCRX Omega Ratio Rank: 61
SWCRX Calmar Ratio Rank: 55
SWCRX Martin Ratio Rank: 67

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWCRX vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2020 Fund (SWCRX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	SWCRX	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	1.50	0.82	+0.68
Sortino ratio: Return per unit of downside risk	2.16	1.20	+0.97
Omega ratio: Gain probability vs. loss probability	1.28	1.15	+0.13
Calmar ratio: Return relative to maximum drawdown	1.95	0.83	+1.12
Martin ratio: Return relative to average drawdown	8.33	2.62	+5.72

SWCRX vs. SCHG - Sharpe Ratio Comparison

The current SWCRX Sharpe Ratio is 1.50, which is higher than the SCHG Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of SWCRX and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWCRX vs. SCHG - Drawdown Comparison

The maximum SWCRX drawdown since its inception was -42.19%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for SWCRX and SCHG.

Drawdown Indicators

	SWCRX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-42.19%	-34.59%	-7.60%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-16.41%	+11.44%
Max Drawdown (3Y) Largest decline over 3 years	-8.01%	-23.39%	+15.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	-34.59%	+9.31%
Max Drawdown (10Y) Largest decline over 10 years	-25.28%	-34.59%	+9.31%
Current Drawdown Current decline from peak	-0.96%	-3.10%	+2.14%
Average Drawdown Average peak-to-trough decline	-5.77%	-5.19%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	5.19%	-4.03%

Volatility

SWCRX vs. SCHG - Volatility Comparison

The current volatility for Schwab Target 2020 Fund (SWCRX) is 1.77%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 4.32%. This indicates that SWCRX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWCRX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	4.32%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	5.37%	12.90%	-7.53%
Volatility (1Y) Calculated over the trailing 1-year period	6.48%	16.67%	-10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	22.42%	-11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.40%	21.59%	-12.19%

SWCRX vs. SCHG - Expense Ratio Comparison

SWCRX has a 0.00% expense ratio, which is lower than SCHG'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

SWCRX vs. SCHG - Dividend Comparison

SWCRX's dividend yield for the trailing twelve months is around 9.95%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
SWCRX Schwab Target 2020 Fund	9.95%	10.36%	9.04%	7.12%	6.14%	7.58%	3.91%	5.67%	6.04%	5.72%	5.65%	5.69%

Frequently Asked Questions

Can I hold both SWCRX and SCHG in my portfolio?

SWCRX and SCHG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWCRX or SCHG?

SCHG has higher volatility (4.32%) compared to SWCRX (1.77%). In terms of maximum drawdown, SWCRX dropped -42.19% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

SWCRX currently has the higher Sharpe Ratio (1.50 vs 0.82), 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.