SWDRX vs. SWIRX
SWDRX (Schwab Target 2030 Fund) and SWIRX (Schwab Target 2035 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 10 years, SWDRX returned 8.65%/yr vs 9.53%/yr for SWIRX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.
Performance
SWDRX vs. SWIRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SWDRX achieves a 6.39% return, which is significantly lower than SWIRX's 7.85% return. Over the past 10 years, SWDRX has underperformed SWIRX with an annualized return of 8.65%, while SWIRX has yielded a comparatively higher 9.53% annualized return.
SWDRX
- 1D
- 0.72%
- 1M
- 0.89%
- YTD
- 6.39%
- 6M
- 6.28%
- 1Y
- 16.83%
- 3Y*
- 12.70%
- 5Y*
- 6.57%
- 10Y*
- 8.65%
SWIRX
- 1D
- 0.86%
- 1M
- 1.06%
- YTD
- 7.85%
- 6M
- 7.69%
- 1Y
- 19.81%
- 3Y*
- 14.27%
- 5Y*
- 7.53%
- 10Y*
- 9.53%
SWDRX vs. SWIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDRX Schwab Target 2030 Fund | 6.39% | 14.87% | 10.52% | 16.38% | -17.00% | 12.52% | 13.49% | 20.41% | -7.20% | 17.55% |
SWIRX Schwab Target 2035 Fund | 7.85% | 16.49% | 11.73% | 17.92% | -17.91% | 14.21% | 14.05% | 21.85% | -8.24% | 19.13% |
Correlation
The correlation between SWDRX and SWIRX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 1.00 |
The correlation between SWDRX and SWIRX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SWDRX vs. SWIRX — Risk / Return Rank
SWDRX
SWIRX
SWDRX vs. SWIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Fund (SWDRX) and Schwab Target 2035 Fund (SWIRX). 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 | SWIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.69 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.51 | 11.67 | -0.17 |
Loading charts...
Drawdowns
SWDRX vs. SWIRX - Drawdown Comparison
The maximum SWDRX drawdown since its inception was -45.34%, which is greater than SWIRX's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for SWDRX and SWIRX.
Loading charts...
Drawdown Indicators
| SWDRX | SWIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.34% | -41.53% | -3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -7.27% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -11.60% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | -28.70% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.17% | -28.70% | +0.53% |
Current DrawdownCurrent decline from peak | -0.27% | -0.30% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -6.07% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.67% | -0.22% |
Volatility
SWDRX vs. SWIRX - Volatility Comparison
The current volatility for Schwab Target 2030 Fund (SWDRX) is 3.15%, while Schwab Target 2035 Fund (SWIRX) has a volatility of 3.71%. This indicates that SWDRX experiences smaller price fluctuations and is considered to be less risky than SWIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SWDRX | SWIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.71% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 7.81% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.16% | 9.51% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.64% | 13.64% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 13.51% | -1.22% |
SWDRX vs. SWIRX - Expense Ratio Comparison
SWDRX has a 0.00% expense ratio, which is lower than SWIRX'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
SWDRX vs. SWIRX - Dividend Comparison
SWDRX's dividend yield for the trailing twelve months is around 7.81%, more than SWIRX's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWDRX Schwab Target 2030 Fund | 7.81% | 8.31% | 6.37% | 4.28% | 6.77% | 6.92% | 3.23% | 6.60% | 7.03% | 4.86% | 5.87% | 9.35% |
SWIRX Schwab Target 2035 Fund | 6.32% | 6.82% | 3.96% | 3.42% | 7.40% | 5.81% | 2.87% | 6.33% | 7.12% | 3.37% | 5.74% | 8.16% |
Frequently Asked Questions
With a correlation of 1.00, SWDRX and SWIRX 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.
SWIRX has higher volatility (3.71%) compared to SWDRX (3.15%). In terms of maximum drawdown, SWDRX dropped -45.34% vs SWIRX's -41.53%.
SWIRX currently has the higher Sharpe Ratio (2.06 vs 2.05), 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.
Find the right allocation for SWDRX and SWIRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer