SWERX vs. FRQKX
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
SWERX vs. FRQKX - Performance Comparison
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Returns By Period
In the year-to-date period, SWERX achieves a -0.56% return, which is significantly lower than FRQKX's 0.43% return.
SWERX
- 1D
- -0.05%
- 1M
- -2.49%
- YTD
- -0.56%
- 6M
- 1.26%
- 1Y
- 25.89%
- 3Y*
- 13.69%
- 5Y*
- 7.04%
- 10Y*
- 9.39%
FRQKX
- 1D
- 0.05%
- 1M
- -1.01%
- YTD
- 0.43%
- 6M
- 1.38%
- 1Y
- 9.66%
- 3Y*
- 6.31%
- 5Y*
- 2.59%
- 10Y*
- —
SWERX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWERX Schwab Target 2040 Fund | -0.56% | 17.71% | 12.74% | 19.06% | -18.57% | 15.65% | 14.44% | 7.47% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 0.43% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Correlation
The correlation between SWERX and FRQKX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
SWERX vs. FRQKX - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than FRQKX's 0.36% expense ratio.
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Return for Risk
SWERX vs. FRQKX — Risk / Return Rank
SWERX
FRQKX
SWERX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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 | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.69 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.36 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.39 | -0.56 |
Martin ratioReturn relative to average drawdown | 7.99 | 9.19 | -1.21 |
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 | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.69 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.47 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.70 | -0.19 |
Drawdowns
SWERX vs. FRQKX - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for SWERX and FRQKX.
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Drawdown Indicators
| SWERX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.24% | -16.97% | -31.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -3.42% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -16.97% | -13.43% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | — | — |
Current DrawdownCurrent decline from peak | -5.17% | -2.29% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -3.95% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.89% | +1.26% |
Volatility
SWERX vs. FRQKX - Volatility Comparison
Schwab Target 2040 Fund (SWERX) has a higher volatility of 4.81% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.08%. This indicates that SWERX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWERX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 2.08% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 2.96% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 4.66% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 5.52% | +9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 5.77% | +9.05% |
Dividends
SWERX vs. FRQKX - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 7.23%, more than FRQKX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWERX Schwab Target 2040 Fund | 7.23% | 7.19% | 5.00% | 3.83% | 8.31% | 6.96% | 3.33% | 7.69% | 8.57% | 4.13% | 6.76% | 10.85% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.13% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |