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SWDRX vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWDRX vs. SWVXX

Last updated Jul 14, 2026
Documentation

SWDRX (Schwab Target 2030 Fund) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both mutual funds - SWDRX is a Target Retirement Date fund managed by Charles Schwab, while SWVXX is a Money Market fund actively managed by Charles Schwab. Over the past 5 years, SWDRX returned 6.10%/yr vs 3.06%/yr for SWVXX. At a 0.00 correlation, their price movements are largely independent. SWDRX charges 0.00%/yr vs 0.34%/yr for SWVXX.

Performance

SWDRX vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Fund (SWDRX) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWDRX achieves a 6.51% return, which is significantly higher than SWVXX's 1.74% return.

SWDRX

1D
0.17%
1M
0.61%
6M
4.67%
YTD
6.51%
1Y
14.04%
3Y*
13.01%
5Y*
6.10%
10Y*
8.44%

SWVXX

1D
0.00%
1M
0.29%
6M
1.74%
YTD
1.74%
1Y
3.80%
3Y*
4.42%
5Y*
3.06%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDRX vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SWDRX
Schwab Target 2030 Fund		6.51%14.87%10.52%16.38%-17.00%5.37%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.74%4.15%5.16%4.33%0.00%0.00%

Correlation

The correlation between SWDRX and SWVXX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.00

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.00

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Schwab Target 2030 Fund

Schwab Prime Advantage Money Fund Investor Shares

Often compared with SWDRX:
SWDRX vs. SWYEXSWDRX vs. VTHRXSWDRX vs. SWPPXSWDRX vs. SWERXSWDRX vs. SWIRXSWDRX vs. SWTSXSWDRX vs. VTTVX
Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

SWDRX vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWDRX
SWDRX Risk / Return Rank: 5555
Overall Rank
SWDRX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SWDRX Sortino Ratio Rank: 5555
Sortino Ratio Rank
SWDRX Omega Ratio Rank: 5454
Omega Ratio Rank
SWDRX Calmar Ratio Rank: 4949
Calmar Ratio Rank
SWDRX Martin Ratio Rank: 6161
Martin Ratio Rank
SWVXX

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

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. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Fund (SWDRX) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). 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.

SWDRXSWVXXDifference
Sharpe ratioReturn per unit of total volatility
1.66
3.71

-2.05

Sortino ratioReturn per unit of downside risk
2.36

—

—

Omega ratioGain probability vs. loss probability

1.30

—

—

Calmar ratioReturn relative to maximum drawdown

2.16

—

—

Martin ratioReturn relative to average drawdown

9.31

—

—

SWDRX vs. SWVXX - Sharpe Ratio Comparison

The current SWDRX Sharpe Ratio is 1.66, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of SWDRX and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWDRX vs. SWVXX - Drawdown Comparison

The maximum SWDRX drawdown since its inception was -45.34%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWDRX and SWVXX.

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Drawdown Indicators

SWDRXSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-45.34%

0.00%

-45.34%

Max Drawdown (1Y)

Largest decline over 1 year

-6.27%

0.00%

-6.27%

Max Drawdown (3Y)

Largest decline over 3 years

-9.71%

0.00%

-9.71%

Max Drawdown (5Y)

Largest decline over 5 years

-28.17%

0.00%

-28.17%

Max Drawdown (10Y)

Largest decline over 10 years

-28.17%

—

—

Current Drawdown

Current decline from peak

-0.27%

0.00%

-0.27%

Average Drawdown

Average peak-to-trough decline

-6.45%

0.00%

-6.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.46%

0.00%

+1.46%

Volatility

SWDRX vs. SWVXX - Volatility Comparison

Schwab Target 2030 Fund (SWDRX) has a higher volatility of 2.77% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that SWDRX's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWDRXSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

0.29%

+2.48%

Volatility (6M)

Calculated over the trailing 6-month period

6.72%

0.75%

+5.97%

Volatility (1Y)

Calculated over the trailing 1-year period

8.18%

1.09%

+7.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.64%

1.06%

+11.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.20%

1.04%

+11.16%

SWDRX vs. SWVXX - Expense Ratio Comparison

SWDRX has a 0.00% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

SWDRX vs. SWVXX - Dividend Comparison

SWDRX's dividend yield for the trailing twelve months is around 7.80%, more than SWVXX's 3.73% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.73%4.06%5.02%4.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWDRX and SWVXX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWDRX has higher volatility (2.77%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWDRX dropped -45.34% vs SWVXX's 0.00%.

SWVXX currently has the higher Sharpe Ratio (3.71 vs 1.66), 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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