SWDRX vs. FIRVX

Last updated Aug 6, 2026

SWDRX (Schwab Target 2030 Fund) and FIRVX (Fidelity Managed Retirement 2020 Fund) are both Target Retirement Date funds. Their 0.96 correlation means they have historically moved very closely together. SWDRX charges 0.38%/yr vs 0.47%/yr for FIRVX.

Performance

SWDRX vs. FIRVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Fund (SWDRX) and Fidelity Managed Retirement 2020 Fund (FIRVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SWDRX

• 1D: 1.04%
• 1M: 0.88%
• 6M: 5.94%
• YTD: 7.74%
• 1Y: 14.63%
• 3Y*: 13.00%
• 5Y*: 6.15%
• 10Y*: 8.41%
• ALL TIME*: 7.38%

FIRVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
SWDRX Schwab Target 2030 Fund	$0.00	$0.00	$0.00

SWDRX vs. FIRVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWDRX Schwab Target 2030 Fund	7.74%	14.87%	10.52%	16.38%	-17.00%	12.52%	13.49%	20.41%	-7.20%	17.55%
FIRVX Fidelity Managed Retirement 2020 Fund	1,440,933.92%	12.25%	5.86%	10.72%	-14.63%	6.77%	12.06%	16.19%	-4.45%	13.32%

Correlation

The correlation between SWDRX and FIRVX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.96

The correlation between SWDRX and FIRVX has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.

Return for Risk

SWDRX vs. FIRVX — Risk / Return Rank

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

SWDRX

SWDRX Risk / Return Rank: 60
SWDRX Sharpe Ratio Rank: 60
SWDRX Sortino Ratio Rank: 60
SWDRX Omega Ratio Rank: 57
SWDRX Calmar Ratio Rank: 56
SWDRX Martin Ratio Rank: 67

FIRVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SWDRX vs. FIRVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Fund (SWDRX) and Fidelity Managed Retirement 2020 Fund (FIRVX). 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.

	SWDRX	FIRVX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.32	—	—
Martin ratio: Return relative to average drawdown	9.84	—	—

Drawdowns

Drawdown Indicators

	SWDRX	FIRVX	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.17%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-6.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	—	—

Volatility

Volatility by Period

	SWDRX	FIRVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.22%	—	—

SWDRX vs. FIRVX - Expense Ratio Comparison

SWDRX has a 0.38% expense ratio, which is lower than FIRVX's 0.47% expense ratio.

Dividends

SWDRX vs. FIRVX - Dividend Comparison

SWDRX's dividend yield for the trailing twelve months is around 7.71%, less than FIRVX's 102.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRVX Fidelity Managed Retirement 2020 Fund	102.53%	2.83%	2.74%	2.57%	3.52%	4.61%	3.74%	3.18%	6.90%	25.16%	2.28%	4.45%
SWDRX Schwab Target 2030 Fund	7.71%	8.31%	6.37%	4.28%	6.77%	6.92%	3.23%	6.60%	7.03%	4.86%	5.87%	9.35%

Frequently Asked Questions

Can I hold both SWDRX and FIRVX in my portfolio?

SWDRX and FIRVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.