SWERX vs. PONAX
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and PIMCO Income Fund Class A (PONAX).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
SWERX vs. PONAX - Performance Comparison
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SWERX vs. PONAX - 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% |
PONAX PIMCO Income Fund Class A | -1.42% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, SWERX achieves a -3.60% return, which is significantly lower than PONAX's -1.42% return. Over the past 10 years, SWERX has outperformed PONAX with an annualized return of 9.01%, while PONAX has yielded a comparatively lower 4.25% 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%
PONAX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.42%
- 6M
- 0.98%
- 1Y
- 5.68%
- 3Y*
- 6.79%
- 5Y*
- 3.00%
- 10Y*
- 4.25%
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SWERX vs. PONAX - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
SWERX vs. PONAX — Risk / Return Rank
SWERX
PONAX
SWERX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and PIMCO Income Fund Class A (PONAX). 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 | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.48 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.11 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.76 | -0.41 |
Martin ratioReturn relative to average drawdown | 6.09 | 7.07 | -0.98 |
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 | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.48 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.64 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.03 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.47 | -0.98 |
Correlation
The correlation between SWERX and PONAX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SWERX vs. PONAX - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 7.45%, more than PONAX's 5.20% 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% |
PONAX PIMCO Income Fund Class A | 5.20% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
SWERX vs. PONAX - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for SWERX and PONAX.
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Drawdown Indicators
| SWERX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.24% | -13.64% | -34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -3.69% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -13.64% | -16.76% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -13.64% | -16.76% |
Current DrawdownCurrent decline from peak | -8.08% | -3.24% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -1.80% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.92% | +1.15% |
Volatility
SWERX vs. PONAX - Volatility Comparison
Schwab Target 2040 Fund (SWERX) has a higher volatility of 4.18% compared to PIMCO Income Fund Class A (PONAX) at 1.88%. This indicates that SWERX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWERX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 1.88% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 2.61% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 4.24% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 4.72% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 4.16% | +10.65% |