SWGRX vs. SPY
Compare and contrast key facts about Schwab Target 2015 Fund (SWGRX) and State Street SPDR S&P 500 ETF (SPY).
SWGRX is managed by Charles Schwab. It was launched on Mar 11, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWGRX vs. SPY - Performance Comparison
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SWGRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWGRX Schwab Target 2015 Fund | -2.00% | 11.78% | 7.90% | 12.46% | -14.56% | 7.50% | 11.47% | 15.05% | -3.79% | 10.76% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWGRX achieves a -2.00% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SWGRX has underperformed SPY with an annualized return of 5.57%, while SPY has yielded a comparatively higher 13.98% annualized return.
SWGRX
- 1D
- 0.19%
- 1M
- -4.53%
- YTD
- -2.00%
- 6M
- -0.42%
- 1Y
- 8.53%
- 3Y*
- 8.26%
- 5Y*
- 3.94%
- 10Y*
- 5.57%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWGRX vs. SPY - Expense Ratio Comparison
SWGRX 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%.
Return for Risk
SWGRX vs. SPY — Risk / Return Rank
SWGRX
SPY
SWGRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Fund (SWGRX) and State Street 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.
| SWGRX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.93 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.45 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.53 | +0.12 |
Martin ratioReturn relative to average drawdown | 6.99 | 7.30 | -0.31 |
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
| SWGRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.93 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.69 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.78 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between SWGRX and SPY is 0.90, 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
SWGRX vs. SPY - Dividend Comparison
SWGRX's dividend yield for the trailing twelve months is around 9.05%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWGRX Schwab Target 2015 Fund | 9.05% | 8.87% | 8.02% | 6.06% | 6.48% | 6.90% | 4.41% | 5.44% | 5.15% | 5.67% | 5.27% | 7.08% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWGRX vs. SPY - Drawdown Comparison
The maximum SWGRX drawdown since its inception was -34.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWGRX and SPY.
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Drawdown Indicators
| SWGRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -55.19% | +20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -12.05% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -24.50% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -33.72% | +9.26% |
Current DrawdownCurrent decline from peak | -4.53% | -6.24% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -9.09% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.52% | -1.33% |
Volatility
SWGRX vs. SPY - Volatility Comparison
The current volatility for Schwab Target 2015 Fund (SWGRX) is 2.53%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SWGRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWGRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 5.31% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 9.47% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.12% | 19.05% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 17.06% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 17.92% | -9.16% |