SWDRX vs. LPVIX

Last updated Jun 3, 2026

SWDRX (Schwab Target 2030 Fund) and LPVIX (BlackRock LifePath Dynamic 2055 Fund) are both Target Retirement Date funds. Over the past 10 years, SWDRX returned 8.60%/yr vs 11.40%/yr for LPVIX. With a 0.95 correlation, they move nearly in lockstep. SWDRX charges 0.00%/yr vs 0.50%/yr for LPVIX.

Performance

SWDRX vs. LPVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Fund (SWDRX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWDRX achieves a 6.57% return, which is significantly lower than LPVIX's 13.41% return. Over the past 10 years, SWDRX has underperformed LPVIX with an annualized return of 8.60%, while LPVIX has yielded a comparatively higher 11.40% annualized return.

SWDRX

• 1D: 0.06%
• 1M: 2.42%
• YTD: 6.57%
• 6M: 7.21%
• 1Y: 17.44%
• 3Y*: 13.51%
• 5Y*: 6.43%
• 10Y*: 8.60%

LPVIX

• 1D: 0.44%
• 1M: 4.54%
• YTD: 13.41%
• 6M: 14.86%
• 1Y: 29.46%
• 3Y*: 18.13%
• 5Y*: 9.04%
• 10Y*: 11.40%

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

SWDRX vs. LPVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWDRX Schwab Target 2030 Fund	6.57%	14.87%	10.52%	16.38%	-17.00%	12.52%	13.49%	20.41%	-7.20%	17.55%
LPVIX BlackRock LifePath Dynamic 2055 Fund	13.41%	20.90%	8.18%	22.40%	-18.77%	17.88%	14.44%	26.49%	-8.37%	21.95%

Correlation

The correlation between SWDRX and LPVIX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 2, 2010	0.95

The correlation between SWDRX and LPVIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

SWDRX vs. LPVIX — Risk / Return Rank

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

SWDRX

SWDRX Risk / Return Rank: 60
SWDRX Sharpe Ratio Rank: 61
SWDRX Sortino Ratio Rank: 61
SWDRX Omega Ratio Rank: 60
SWDRX Calmar Ratio Rank: 54
SWDRX Martin Ratio Rank: 63

LPVIX

LPVIX Risk / Return Rank: 58
LPVIX Sharpe Ratio Rank: 54
LPVIX Sortino Ratio Rank: 50
LPVIX Omega Ratio Rank: 50
LPVIX Calmar Ratio Rank: 64
LPVIX Martin Ratio Rank: 71

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.

SWDRX vs. LPVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Fund (SWDRX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX). 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.

	SWDRX	LPVIX	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.17	+0.14
Sortino ratio Return per unit of downside risk	3.29	3.01	+0.28
Omega ratio Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio Return relative to maximum drawdown	2.85	3.09	-0.24
Martin ratio Return relative to average drawdown	12.52	13.53	-1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWDRX vs. LPVIX - Sharpe Ratio Comparison

The current SWDRX Sharpe Ratio is 2.31, which is comparable to the LPVIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SWDRX and LPVIX, 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

	SWDRX	LPVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.17	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.53	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.69	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.68	-0.14

Drawdowns

SWDRX vs. LPVIX - Drawdown Comparison

The maximum SWDRX drawdown since its inception was -45.34%, which is greater than LPVIX's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for SWDRX and LPVIX.

Drawdown Indicators

	SWDRX	LPVIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-34.31%	-11.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-9.91%	+3.64%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	-22.45%	+12.74%
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	-27.01%	-1.16%
Max Drawdown (10Y) Largest decline over 10 years	-28.17%	-34.31%	+6.14%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.48%	-4.72%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	2.26%	-0.83%

Volatility

SWDRX vs. LPVIX - Volatility Comparison

The current volatility for Schwab Target 2030 Fund (SWDRX) is 2.35%, while BlackRock LifePath Dynamic 2055 Fund (LPVIX) has a volatility of 4.16%. This indicates that SWDRX experiences smaller price fluctuations and is considered to be less risky than LPVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWDRX	LPVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	4.16%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	11.29%	-5.18%
Volatility (1Y) Calculated over the trailing 1-year period	7.74%	14.18%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	17.08%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.27%	16.54%	-4.27%

SWDRX vs. LPVIX - Expense Ratio Comparison

SWDRX has a 0.00% expense ratio, which is lower than LPVIX's 0.50% expense ratio.

Dividends

SWDRX vs. LPVIX - Dividend Comparison

SWDRX's dividend yield for the trailing twelve months is around 7.80%, more than LPVIX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPVIX BlackRock LifePath Dynamic 2055 Fund	4.75%	5.39%	0.72%	2.99%	2.53%	11.79%	1.19%	4.83%	10.40%	9.61%	1.93%	3.84%
SWDRX Schwab Target 2030 Fund	7.80%	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 LPVIX in my portfolio?

With a correlation of 0.97, SWDRX and LPVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SWDRX or LPVIX?

LPVIX has higher volatility (4.16%) compared to SWDRX (2.35%). In terms of maximum drawdown, SWDRX dropped -45.34% vs LPVIX's -34.31%.

Which has better risk-adjusted returns?

SWDRX currently has the higher Sharpe Ratio (2.31 vs 2.17), 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.