SWERX vs. SCHR
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. SCHR is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (3-10 Y). It was launched on Aug 5, 2010.
Performance
SWERX vs. SCHR - Performance Comparison
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SWERX vs. SCHR - 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.04% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
Returns By Period
In the year-to-date period, SWERX achieves a -3.60% return, which is significantly lower than SCHR's -0.04% return. Over the past 10 years, SWERX has outperformed SCHR with an annualized return of 9.01%, while SCHR has yielded a comparatively lower 1.32% 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%
SCHR
- 1D
- 0.20%
- 1M
- -1.64%
- YTD
- -0.04%
- 6M
- 1.03%
- 1Y
- 4.13%
- 3Y*
- 3.30%
- 5Y*
- 0.32%
- 10Y*
- 1.32%
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SWERX vs. SCHR - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than SCHR's 0.05% 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%.
Return for Risk
SWERX vs. SCHR — Risk / Return Rank
SWERX
SCHR
SWERX vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.08 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.64 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.81 | -0.47 |
Martin ratioReturn relative to average drawdown | 6.09 | 5.65 | +0.44 |
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 | SCHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.08 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.06 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.30 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.04 |
Correlation
The correlation between SWERX and SCHR is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SWERX vs. SCHR - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 7.45%, more than SCHR's 3.86% 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.86% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Drawdowns
SWERX vs. SCHR - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SWERX and SCHR.
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Drawdown Indicators
| SWERX | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.24% | -16.11% | -32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -2.39% | -6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -15.07% | -15.33% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -16.11% | -14.29% |
Current DrawdownCurrent decline from peak | -8.08% | -1.98% | -6.10% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -3.66% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.77% | +1.30% |
Volatility
SWERX vs. SCHR - Volatility Comparison
Schwab Target 2040 Fund (SWERX) has a higher volatility of 4.18% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.35%. This indicates that SWERX's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWERX | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 1.35% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 2.32% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 3.85% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 5.36% | +9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 4.47% | +10.34% |