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

Correlation

The correlation between SWERX and SPY is 0.94, 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.


-0.50.00.51.00.9

Performance

SWERX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2040 Fund (SWERX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
-3.01%
4.04%
SWERX
SPY

Key characteristics

Sharpe Ratio

SWERX:

0.76

SPY:

1.90

Sortino Ratio

SWERX:

0.99

SPY:

2.54

Omega Ratio

SWERX:

1.17

SPY:

1.35

Calmar Ratio

SWERX:

1.07

SPY:

2.86

Martin Ratio

SWERX:

4.23

SPY:

12.22

Ulcer Index

SWERX:

2.10%

SPY:

1.97%

Daily Std Dev

SWERX:

11.65%

SPY:

12.69%

Max Drawdown

SWERX:

-48.24%

SPY:

-55.19%

Current Drawdown

SWERX:

-7.82%

SPY:

-4.17%

Returns By Period

In the year-to-date period, SWERX achieves a 0.45% return, which is significantly higher than SPY's -0.95% return. Over the past 10 years, SWERX has underperformed SPY with an annualized return of 7.33%, while SPY has yielded a comparatively higher 13.19% annualized return.


SWERX

YTD

0.45%

1M

-7.06%

6M

-2.44%

1Y

8.42%

5Y*

6.44%

10Y*

7.33%

SPY

YTD

-0.95%

1M

-3.62%

6M

4.33%

1Y

23.34%

5Y*

13.85%

10Y*

13.19%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SWERX vs. SPY - Expense Ratio Comparison

SWERX has a 0.00% expense ratio, which is lower than SPY's 0.09% 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%.


SPY
SPDR S&P 500 ETF
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for SWERX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

SWERX vs. SPY — 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 6161
Overall Rank
The Sharpe Ratio Rank of SWERX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of SWERX is 5151
Sortino Ratio Rank
The Omega Ratio Rank of SWERX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of SWERX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of SWERX is 6363
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 8282
Overall Rank
The Sharpe Ratio Rank of SPY is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7979
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 8181
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 8484
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. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for SWERX, currently valued at 0.76, compared to the broader market-1.000.001.002.003.004.000.761.90
The chart of Sortino ratio for SWERX, currently valued at 0.99, compared to the broader market-2.000.002.004.006.008.0010.000.992.54
The chart of Omega ratio for SWERX, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.003.501.171.35
The chart of Calmar ratio for SWERX, currently valued at 1.07, compared to the broader market0.005.0010.0015.001.072.86
The chart of Martin ratio for SWERX, currently valued at 4.23, compared to the broader market0.0020.0040.0060.004.2312.22
SWERX
SPY

The current SWERX Sharpe Ratio is 0.76, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SWERX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00AugustSeptemberOctoberNovemberDecember2025
0.76
1.90
SWERX
SPY

Dividends

SWERX vs. SPY - Dividend Comparison

SWERX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.


TTM20242023202220212020201920182017201620152014
SWERX
Schwab Target 2040 Fund
0.00%0.00%2.06%1.88%2.80%1.32%2.17%2.74%2.61%1.64%2.17%2.43%
SPY
SPDR S&P 500 ETF
1.22%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

SWERX vs. SPY - Drawdown Comparison

The maximum SWERX drawdown since its inception was -48.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWERX and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-7.82%
-4.17%
SWERX
SPY

Volatility

SWERX vs. SPY - Volatility Comparison

Schwab Target 2040 Fund (SWERX) has a higher volatility of 6.84% compared to SPDR S&P 500 ETF (SPY) at 4.69%. This indicates that SWERX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%AugustSeptemberOctoberNovemberDecember2025
6.84%
4.69%
SWERX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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