SWDSX vs. SWERX
Compare and contrast key facts about Schwab Dividend Equity Fund™ (SWDSX) and Schwab Target 2040 Fund (SWERX).
SWDSX is managed by Charles Schwab. It was launched on Sep 2, 2003. SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005.
Performance
SWDSX vs. SWERX - Performance Comparison
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SWDSX vs. SWERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDSX Schwab Dividend Equity Fund™ | 0.45% | 12.31% | 17.06% | 6.92% | -5.84% | 28.24% | -4.33% | 24.32% | -12.18% | 15.40% |
SWERX Schwab Target 2040 Fund | -3.60% | 17.71% | 12.74% | 19.06% | -18.57% | 15.65% | 14.44% | 23.01% | -9.11% | 20.48% |
Returns By Period
In the year-to-date period, SWDSX achieves a 0.45% return, which is significantly higher than SWERX's -3.60% return. Both investments have delivered pretty close results over the past 10 years, with SWDSX having a 8.74% annualized return and SWERX not far ahead at 9.01%.
SWDSX
- 1D
- 0.00%
- 1M
- -5.46%
- YTD
- 0.45%
- 6M
- 0.22%
- 1Y
- 9.25%
- 3Y*
- 12.77%
- 5Y*
- 8.89%
- 10Y*
- 8.74%
SWERX
- 1D
- -0.21%
- 1M
- -7.72%
- YTD
- -3.60%
- 6M
- -1.12%
- 1Y
- 13.92%
- 3Y*
- 12.66%
- 5Y*
- 6.63%
- 10Y*
- 9.01%
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SWDSX vs. SWERX - Expense Ratio Comparison
SWDSX has a 0.89% expense ratio, which is higher than SWERX's 0.00% expense ratio.
Return for Risk
SWDSX vs. SWERX — Risk / Return Rank
SWDSX
SWERX
SWDSX vs. SWERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Dividend Equity Fund™ (SWDSX) and Schwab Target 2040 Fund (SWERX). 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.
| SWDSX | SWERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.07 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.56 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.34 | -0.37 |
Martin ratioReturn relative to average drawdown | 4.38 | 6.09 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWDSX | SWERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.07 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.45 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.61 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.50 | -0.02 |
Correlation
The correlation between SWDSX and SWERX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWDSX vs. SWERX - Dividend Comparison
SWDSX's dividend yield for the trailing twelve months is around 0.79%, less than SWERX's 7.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWDSX Schwab Dividend Equity Fund™ | 0.79% | 1.22% | 2.59% | 2.25% | 6.83% | 16.25% | 2.09% | 6.86% | 11.63% | 10.24% | 1.68% | 14.46% |
SWERX Schwab Target 2040 Fund | 7.45% | 7.19% | 5.00% | 3.83% | 8.31% | 6.96% | 3.33% | 7.69% | 8.57% | 4.13% | 6.76% | 10.85% |
Drawdowns
SWDSX vs. SWERX - Drawdown Comparison
The maximum SWDSX drawdown since its inception was -50.01%, roughly equal to the maximum SWERX drawdown of -48.24%. Use the drawdown chart below to compare losses from any high point for SWDSX and SWERX.
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Drawdown Indicators
| SWDSX | SWERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.01% | -48.24% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -9.38% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -30.40% | +12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -30.40% | -9.80% |
Current DrawdownCurrent decline from peak | -6.00% | -8.08% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -7.20% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.07% | +0.10% |
Volatility
SWDSX vs. SWERX - Volatility Comparison
The current volatility for Schwab Dividend Equity Fund™ (SWDSX) is 2.68%, while Schwab Target 2040 Fund (SWERX) has a volatility of 4.18%. This indicates that SWDSX experiences smaller price fluctuations and is considered to be less risky than SWERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWDSX | SWERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 4.18% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 7.52% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 13.11% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 14.93% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 14.81% | +2.11% |