SWCRX vs. SWTSX

Last updated Jun 4, 2026

SWCRX (Schwab Target 2020 Fund) and SWTSX (Schwab Total Stock Market Index Fund) are both mutual funds - SWCRX is a Target Retirement Date fund managed by Charles Schwab, while SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index. Over the past 10 years, SWCRX returned 6.63%/yr vs 15.07%/yr for SWTSX. Their correlation of 0.93 suggests significant overlap in exposure. SWCRX charges 0.00%/yr vs 0.03%/yr for SWTSX.

Performance

SWCRX vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2020 Fund (SWCRX) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWCRX achieves a 4.95% return, which is significantly lower than SWTSX's 12.02% return. Over the past 10 years, SWCRX has underperformed SWTSX with an annualized return of 6.63%, while SWTSX has yielded a comparatively higher 15.07% 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%

SWTSX

• 1D: 0.22%
• 1M: 5.76%
• YTD: 12.02%
• 6M: 11.94%
• 1Y: 29.06%
• 3Y*: 22.36%
• 5Y*: 13.04%
• 10Y*: 15.07%

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

SWCRX vs. SWTSX - 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%
SWTSX Schwab Total Stock Market Index Fund	12.02%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between SWCRX and SWTSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 5, 2005	0.93

The correlation between SWCRX and SWTSX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

SWCRX vs. SWTSX - Sectors Allocation Comparison

Sectors	SWCRX	SWTSX
Technology	26.4%	33.8%
Financial Services	11.9%	12.1%
Industrials	11.3%	9.6%
Healthcare	10.5%	9.1%
Consumer Cyclical	9.3%	10.1%
Communication Services	8.9%	10.3%
Real Estate	7.6%	2.4%
Consumer Defensive	4.6%	4.7%
Energy	4.3%	3.7%
Basic Materials	3.3%	2.1%
Utilities	2.0%	2.3%

Return for Risk

SWCRX vs. SWTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWCRX

SWCRX Risk / Return Rank: 61
SWCRX Sharpe Ratio Rank: 61
SWCRX Sortino Ratio Rank: 64
SWCRX Omega Ratio Rank: 63
SWCRX Calmar Ratio Rank: 54
SWCRX Martin Ratio Rank: 63

SWTSX

SWTSX Risk / Return Rank: 71
SWTSX Sharpe Ratio Rank: 71
SWTSX Sortino Ratio Rank: 63
SWTSX Omega Ratio Rank: 63
SWTSX Calmar Ratio Rank: 75
SWTSX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWCRX vs. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2020 Fund (SWCRX) and Schwab Total Stock Market Index Fund (SWTSX). 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	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.45	-0.15
Sortino ratio: Return per unit of downside risk	3.36	3.33	+0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	2.80	3.38	-0.59
Martin ratio: Return relative to average drawdown	12.41	15.52	-3.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWCRX vs. SWTSX - Sharpe Ratio Comparison

The current SWCRX Sharpe Ratio is 2.31, which is comparable to the SWTSX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of SWCRX and SWTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWCRX	SWTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.45	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.75	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.81	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.44	+0.11

Drawdowns

SWCRX vs. SWTSX - Drawdown Comparison

The maximum SWCRX drawdown since its inception was -42.19%, smaller than the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for SWCRX and SWTSX.

Drawdown Indicators

	SWCRX	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-42.19%	-54.60%	+12.41%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-8.88%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-8.01%	-19.43%	+11.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	-25.40%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-25.28%	-35.01%	+9.73%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.81%	-10.57%	+4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.93%	-0.81%

Volatility

SWCRX vs. SWTSX - Volatility Comparison

The current volatility for Schwab Target 2020 Fund (SWCRX) is 1.98%, while Schwab Total Stock Market Index Fund (SWTSX) has a volatility of 2.96%. This indicates that SWCRX experiences smaller price fluctuations and is considered to be less risky than SWTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWCRX	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	2.96%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	9.21%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	12.26%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.96%	17.44%	-6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.42%	18.61%	-9.19%

SWCRX vs. SWTSX - Expense Ratio Comparison

SWCRX has a 0.00% expense ratio, which is lower than SWTSX's 0.03% 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. SWTSX - Dividend Comparison

SWCRX's dividend yield for the trailing twelve months is around 9.87%, more than SWTSX's 0.98% 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%
SWTSX Schwab Total Stock Market Index Fund	0.98%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both SWCRX and SWTSX in my portfolio?

SWCRX and SWTSX have a correlation of 0.89, 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 SWTSX?

SWTSX has higher volatility (2.96%) compared to SWCRX (1.98%). In terms of maximum drawdown, SWCRX dropped -42.19% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

SWTSX currently has the higher Sharpe Ratio (2.45 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.