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SWERX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SWERX and QQQ is 0.89, 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. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2040 Fund (SWERX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SWERX:

0.49

QQQ:

0.64

Sortino Ratio

SWERX:

0.74

QQQ:

1.04

Omega Ratio

SWERX:

1.11

QQQ:

1.15

Calmar Ratio

SWERX:

0.45

QQQ:

0.70

Martin Ratio

SWERX:

1.65

QQQ:

2.29

Ulcer Index

SWERX:

4.05%

QQQ:

6.99%

Daily Std Dev

SWERX:

14.19%

QQQ:

25.51%

Max Drawdown

SWERX:

-48.64%

QQQ:

-82.98%

Current Drawdown

SWERX:

-2.11%

QQQ:

-3.10%

Returns By Period

In the year-to-date period, SWERX achieves a 4.68% return, which is significantly higher than QQQ's 2.26% return. Over the past 10 years, SWERX has underperformed QQQ with an annualized return of 3.04%, while QQQ has yielded a comparatively higher 17.72% annualized return.


SWERX

YTD

4.68%

1M

8.68%

6M

0.92%

1Y

6.88%

3Y*

7.23%

5Y*

7.10%

10Y*

3.04%

QQQ

YTD

2.26%

1M

17.54%

6M

4.72%

1Y

16.26%

3Y*

22.66%

5Y*

18.41%

10Y*

17.72%

*Annualized

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Schwab Target 2040 Fund

Invesco QQQ

SWERX vs. QQQ - Expense Ratio Comparison

SWERX has a 0.00% expense ratio, which is lower than QQQ's 0.20% 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. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWERX
The Risk-Adjusted Performance Rank of SWERX is 4949
Overall Rank
The Sharpe Ratio Rank of SWERX is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of SWERX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of SWERX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of SWERX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of SWERX is 4949
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6262
Overall Rank
The Sharpe Ratio Rank of QQQ is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6161
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6666
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SWERX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and Invesco QQQ (QQQ). 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.


The current SWERX Sharpe Ratio is 0.49, which is comparable to the QQQ Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of SWERX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

SWERX vs. QQQ - Dividend Comparison

SWERX's dividend yield for the trailing twelve months is around 2.09%, more than QQQ's 0.57% yield.


TTM20242023202220212020201920182017201620152014
SWERX
Schwab Target 2040 Fund
2.09%2.18%2.06%1.88%2.80%1.32%2.17%2.74%2.61%1.64%2.17%2.43%
QQQ
Invesco QQQ
0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

SWERX vs. QQQ - Drawdown Comparison

The maximum SWERX drawdown since its inception was -48.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SWERX and QQQ. For additional features, visit the drawdowns tool.


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Volatility

SWERX vs. QQQ - Volatility Comparison

The current volatility for Schwab Target 2040 Fund (SWERX) is 3.22%, while Invesco QQQ (QQQ) has a volatility of 6.48%. This indicates that SWERX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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