SWDRX vs. SWYEX

Last updated Jun 3, 2026

SWDRX (Schwab Target 2030 Fund) and SWYEX (Schwab Target 2030 Index Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 5 years, SWDRX returned 6.43%/yr vs 7.06%/yr for SWYEX. With a 0.98 correlation, they move nearly in lockstep. SWDRX charges 0.00%/yr vs 0.04%/yr for SWYEX.

Performance

SWDRX vs. SWYEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Fund (SWDRX) and Schwab Target 2030 Index Fund (SWYEX). 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 SWYEX's 7.50% 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%

SWYEX

• 1D: 0.11%
• 1M: 2.66%
• YTD: 7.50%
• 6M: 8.15%
• 1Y: 18.60%
• 3Y*: 13.92%
• 5Y*: 7.06%
• 10Y*: —

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

SWDRX vs. SWYEX - 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%
SWYEX Schwab Target 2030 Index Fund	7.50%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	16.22%

Correlation

The correlation between SWDRX and SWYEX is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.98

The correlation between SWDRX and SWYEX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

SWDRX vs. SWYEX - Sectors Allocation Comparison

Sectors	SWDRX	SWYEX
Technology	26.0%	27.4%
Financial Services	12.0%	14.6%
Industrials	11.7%	11.1%
Healthcare	10.6%	7.8%
Consumer Cyclical	9.3%	8.9%
Communication Services	8.7%	7.8%
Real Estate	7.4%	8.0%
Consumer Defensive	4.6%	4.7%
Energy	4.3%	3.9%
Basic Materials	3.5%	3.4%
Utilities	2.0%	2.5%

Return for Risk

SWDRX vs. SWYEX — 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

SWYEX

SWYEX Risk / Return Rank: 73
SWYEX Sharpe Ratio Rank: 75
SWYEX Sortino Ratio Rank: 74
SWYEX Omega Ratio Rank: 71
SWYEX Calmar Ratio Rank: 68
SWYEX Martin Ratio Rank: 76

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. SWYEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Fund (SWDRX) and Schwab Target 2030 Index Fund (SWYEX). 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	SWYEX	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.52	-0.20
Sortino ratio Return per unit of downside risk	3.29	3.59	-0.30
Omega ratio Gain probability vs. loss probability	1.43	1.47	-0.04
Calmar ratio Return relative to maximum drawdown	2.85	3.19	-0.34
Martin ratio Return relative to average drawdown	12.52	14.26	-1.73
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. SWYEX - Sharpe Ratio Comparison

The current SWDRX Sharpe Ratio is 2.31, which is comparable to the SWYEX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of SWDRX and SWYEX, 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	SWYEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.52	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.65	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.77	-0.23

Drawdowns

SWDRX vs. SWYEX - Drawdown Comparison

The maximum SWDRX drawdown since its inception was -45.34%, which is greater than SWYEX's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for SWDRX and SWYEX.

Drawdown Indicators

	SWDRX	SWYEX	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-23.23%	-22.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-5.92%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	-9.70%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	-22.03%	-6.14%
Max Drawdown (10Y) Largest decline over 10 years	-28.17%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.48%	-3.67%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.32%	+0.11%

Volatility

SWDRX vs. SWYEX - Volatility Comparison

Schwab Target 2030 Fund (SWDRX) and Schwab Target 2030 Index Fund (SWYEX) have volatilities of 2.35% and 2.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWDRX	SWYEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.41%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	6.01%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.74%	7.58%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	10.88%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.27%	11.53%	+0.74%

SWDRX vs. SWYEX - Expense Ratio Comparison

SWDRX has a 0.00% expense ratio, which is lower than SWYEX's 0.04% 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. SWYEX - Dividend Comparison

SWDRX's dividend yield for the trailing twelve months is around 7.80%, more than SWYEX's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SWYEX Schwab Target 2030 Index Fund	2.34%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%	0.00%

Frequently Asked Questions

Can I hold both SWDRX and SWYEX in my portfolio?

With a correlation of 0.99, SWDRX and SWYEX 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 SWYEX?

SWYEX has higher volatility (2.41%) compared to SWDRX (2.35%). In terms of maximum drawdown, SWDRX dropped -45.34% vs SWYEX's -23.23%.

Which has better risk-adjusted returns?

SWYEX currently has the higher Sharpe Ratio (2.52 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.