SWERX vs. BKLC
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and BNY Mellon US Large Cap Core Equity ETF (BKLC).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. BKLC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWERX or BKLC.
Key characteristics
| SWERX | BKLC | |
|---|---|---|
| YTD Return | 14.78% | 27.45% |
| 1Y Return | 22.84% | 35.71% |
| 3Y Return (Ann) | 3.50% | 10.50% |
| Sharpe Ratio | 2.53 | 3.09 |
| Sortino Ratio | 3.43 | 4.13 |
| Omega Ratio | 1.52 | 1.57 |
| Calmar Ratio | 2.54 | 4.49 |
| Martin Ratio | 17.32 | 20.41 |
| Ulcer Index | 1.47% | 1.85% |
| Daily Std Dev | 10.11% | 12.24% |
| Max Drawdown | -48.24% | -26.14% |
| Current Drawdown | -0.98% | -0.26% |
Correlation
The correlation between SWERX and BKLC is 0.91, 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.
Performance
SWERX vs. BKLC - Performance Comparison
In the year-to-date period, SWERX achieves a 14.78% return, which is significantly lower than BKLC's 27.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SWERX vs. BKLC - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than BKLC'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%.
Risk-Adjusted Performance
SWERX vs. BKLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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.
Dividends
SWERX vs. BKLC - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 1.79%, more than BKLC's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWERX Schwab Target 2040 Fund | 1.79% | 2.06% | 1.88% | 2.80% | 1.32% | 2.17% | 2.74% | 2.61% | 1.64% | 2.17% | 2.43% | 1.67% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.19% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWERX vs. BKLC - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for SWERX and BKLC. For additional features, visit the drawdowns tool.
Volatility
SWERX vs. BKLC - Volatility Comparison
The current volatility for Schwab Target 2040 Fund (SWERX) is 2.61%, while BNY Mellon US Large Cap Core Equity ETF (BKLC) has a volatility of 3.88%. This indicates that SWERX experiences smaller price fluctuations and is considered to be less risky than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.