SWERX vs. SWYHX
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and Schwab Target 2045 Index Fund (SWYHX).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. SWYHX is managed by Charles Schwab. It was launched on Aug 24, 2016.
Performance
SWERX vs. SWYHX - Performance Comparison
Loading graphics...
SWERX vs. SWYHX - 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% |
SWYHX Schwab Target 2045 Index Fund | -3.59% | 18.65% | 13.72% | 20.34% | -17.37% | 17.04% | 14.50% | 24.80% | -7.28% | 20.07% |
Returns By Period
The year-to-date returns for both investments are quite close, with SWERX having a -3.60% return and SWYHX slightly higher at -3.59%.
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%
SWYHX
- 1D
- -0.20%
- 1M
- -7.64%
- YTD
- -3.59%
- 6M
- -0.99%
- 1Y
- 14.96%
- 3Y*
- 13.71%
- 5Y*
- 7.68%
- 10Y*
- —
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. SWYHX - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than SWYHX's 0.04% 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. SWYHX — Risk / Return Rank
SWERX
SWYHX
SWERX vs. SWYHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and Schwab Target 2045 Index Fund (SWYHX). 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 | SWYHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.06 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.56 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.33 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.09 | 6.35 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SWERX | SWYHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.06 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.55 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.65 | -0.16 |
Correlation
The correlation between SWERX and SWYHX is 0.98, 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.
Dividends
SWERX vs. SWYHX - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 7.45%, more than SWYHX's 2.16% 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% |
SWYHX Schwab Target 2045 Index Fund | 2.16% | 2.08% | 2.13% | 2.02% | 1.98% | 1.80% | 1.65% | 1.96% | 2.23% | 1.42% | 1.05% | 0.00% |
Drawdowns
SWERX vs. SWYHX - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, which is greater than SWYHX's maximum drawdown of -29.41%. Use the drawdown chart below to compare losses from any high point for SWERX and SWYHX.
Loading graphics...
Drawdown Indicators
| SWERX | SWYHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.24% | -29.41% | -18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -10.34% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -24.92% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | — | — |
Current DrawdownCurrent decline from peak | -8.08% | -8.14% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -4.44% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.16% | -0.09% |
Volatility
SWERX vs. SWYHX - Volatility Comparison
The current volatility for Schwab Target 2040 Fund (SWERX) is 4.18%, while Schwab Target 2045 Index Fund (SWYHX) has a volatility of 4.41%. This indicates that SWERX experiences smaller price fluctuations and is considered to be less risky than SWYHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SWERX | SWYHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.41% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 7.88% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 14.37% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 14.00% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 15.05% | -0.24% |