SWCRX vs. SWJRX
SWCRX (Schwab Target 2020 Fund) and SWJRX (Schwab Monthly Income Fund - Moderate Payout) are both mutual funds - SWCRX is a Target Retirement Date fund managed by Charles Schwab, while SWJRX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, SWCRX returned 6.63%/yr vs 5.24%/yr for SWJRX. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.00% expense ratio.
Performance
SWCRX vs. SWJRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWCRX achieves a 4.95% return, which is significantly lower than SWJRX's 6.49% return. Over the past 10 years, SWCRX has outperformed SWJRX with an annualized return of 6.63%, while SWJRX has yielded a comparatively lower 5.24% annualized return.
SWCRX
- 1D
- 0.15%
- 1M
- 2.26%
- YTD
- 4.95%
- 6M
- 5.20%
- 1Y
- 13.76%
- 3Y*
- 10.79%
- 5Y*
- 4.95%
- 10Y*
- 6.63%
SWJRX
- 1D
- 0.18%
- 1M
- 0.96%
- YTD
- 6.49%
- 6M
- 6.82%
- 1Y
- 14.22%
- 3Y*
- 9.87%
- 5Y*
- 3.94%
- 10Y*
- 5.24%
SWCRX vs. SWJRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWCRX Schwab Target 2020 Fund | 4.95% | 12.23% | 8.32% | 12.83% | -14.76% | 7.86% | 11.47% | 16.16% | -4.46% | 13.05% |
SWJRX Schwab Monthly Income Fund - Moderate Payout | 6.49% | 12.17% | 3.83% | 8.79% | -12.81% | 9.23% | 5.32% | 16.40% | -6.31% | 10.80% |
Correlation
The correlation between SWCRX and SWJRX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.92 |
The correlation between SWCRX and SWJRX shifts across timeframes, from 0.74 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWCRX vs. SWJRX — Risk / Return Rank
SWCRX
SWJRX
SWCRX vs. SWJRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2020 Fund (SWCRX) and Schwab Monthly Income Fund - Moderate Payout (SWJRX). 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.
| SWCRX | SWJRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.12 | -0.32 |
| Martin ratioReturn relative to average drawdown | 12.41 | 11.31 | +1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWCRX | SWJRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.50 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.45 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.61 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.60 | -0.05 |
Drawdowns
SWCRX vs. SWJRX - Drawdown Comparison
The maximum SWCRX drawdown since its inception was -42.19%, which is greater than SWJRX's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for SWCRX and SWJRX.
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Drawdown Indicators
| SWCRX | SWJRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -25.61% | -16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -4.55% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -8.18% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -20.87% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -25.28% | -20.87% | -4.41% |
Current DrawdownCurrent decline from peak | 0.00% | -0.93% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -3.89% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.25% | -0.13% |
Volatility
SWCRX vs. SWJRX - Volatility Comparison
Schwab Target 2020 Fund (SWCRX) has a higher volatility of 1.98% compared to Schwab Monthly Income Fund - Moderate Payout (SWJRX) at 1.65%. This indicates that SWCRX's price experiences larger fluctuations and is considered to be riskier than SWJRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWCRX | SWJRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.65% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.84% | 4.30% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 5.66% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 8.71% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.42% | 8.58% | +0.84% |
SWCRX vs. SWJRX - Expense Ratio Comparison
SWCRX has a 0.00% expense ratio, which is lower than SWJRX'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
SWCRX vs. SWJRX - Dividend Comparison
SWCRX's dividend yield for the trailing twelve months is around 9.87%, more than SWJRX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCRX Schwab Target 2020 Fund | 9.87% | 10.36% | 9.04% | 7.12% | 6.14% | 7.58% | 3.91% | 5.67% | 6.04% | 5.72% | 5.65% | 5.69% |
SWJRX Schwab Monthly Income Fund - Moderate Payout | 4.68% | 4.78% | 4.94% | 4.80% | 8.67% | 3.62% | 2.49% | 5.36% | 3.47% | 2.93% | 6.05% | 6.80% |
Frequently Asked Questions
SWCRX and SWJRX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWCRX has higher volatility (1.98%) compared to SWJRX (1.65%). In terms of maximum drawdown, SWCRX dropped -42.19% vs SWJRX's -25.61%.
SWJRX currently has the higher Sharpe Ratio (2.50 vs 2.31), 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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