SWERX vs. FBALX
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and Fidelity Balanced Fund (FBALX).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
SWERX vs. FBALX - Performance Comparison
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SWERX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBALX Fidelity Balanced Fund | -3.70% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Returns By Period
The year-to-date returns for both stocks are quite close, with SWERX having a -3.60% return and FBALX slightly lower at -3.70%. Over the past 10 years, SWERX has underperformed FBALX with an annualized return of 9.01%, while FBALX has yielded a comparatively higher 10.51% annualized return.
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%
FBALX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.91%
- 1Y
- 13.97%
- 3Y*
- 12.91%
- 5Y*
- 7.44%
- 10Y*
- 10.51%
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SWERX vs. FBALX - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
SWERX vs. FBALX — Risk / Return Rank
SWERX
FBALX
SWERX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and Fidelity Balanced Fund (FBALX). 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.
| SWERX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.22 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.78 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.61 | -0.27 |
Martin ratioReturn relative to average drawdown | 6.09 | 7.56 | -1.47 |
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
| SWERX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.22 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.62 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.83 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.78 | -0.29 |
Correlation
The correlation between SWERX and FBALX is 0.96, 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
SWERX vs. FBALX - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 7.45%, more than FBALX's 5.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBALX Fidelity Balanced Fund | 5.90% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
SWERX vs. FBALX - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than FBALX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for SWERX and FBALX.
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Drawdown Indicators
| SWERX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.24% | -43.57% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.14% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -22.89% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -26.68% | -3.72% |
Current DrawdownCurrent decline from peak | -8.08% | -6.47% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -4.39% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.74% | +0.33% |
Volatility
SWERX vs. FBALX - Volatility Comparison
Schwab Target 2040 Fund (SWERX) has a higher volatility of 4.18% compared to Fidelity Balanced Fund (FBALX) at 3.50%. This indicates that SWERX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWERX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.50% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 6.47% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 11.80% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 12.15% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 12.73% | +2.08% |