SWGRX vs. SWCRX
SWGRX (Schwab Target 2015 Fund) and SWCRX (Schwab Target 2020 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 10 years, SWGRX returned 6.14%/yr vs 6.78%/yr for SWCRX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.
Performance
SWGRX vs. SWCRX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SWGRX having a 4.37% return and SWCRX slightly higher at 4.49%. Over the past 10 years, SWGRX has underperformed SWCRX with an annualized return of 6.14%, while SWCRX has yielded a comparatively higher 6.78% annualized return.
SWGRX
- 1D
- 0.53%
- 1M
- 0.79%
- YTD
- 4.37%
- 6M
- 4.37%
- 1Y
- 12.36%
- 3Y*
- 9.77%
- 5Y*
- 4.63%
- 10Y*
- 6.14%
SWCRX
- 1D
- -0.22%
- 1M
- 0.60%
- YTD
- 4.49%
- 6M
- 4.29%
- 1Y
- 12.31%
- 3Y*
- 10.43%
- 5Y*
- 4.76%
- 10Y*
- 6.78%
SWGRX vs. SWCRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWGRX Schwab Target 2015 Fund | 4.37% | 11.78% | 7.90% | 12.46% | -14.56% | 7.50% | 11.47% | 15.05% | -3.79% | 10.76% |
SWCRX Schwab Target 2020 Fund | 4.49% | 12.23% | 8.32% | 12.83% | -14.76% | 7.86% | 11.47% | 16.16% | -4.46% | 13.05% |
Correlation
The correlation between SWGRX and SWCRX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 0.99 |
The correlation between SWGRX and SWCRX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SWGRX vs. SWCRX — Risk / Return Rank
SWGRX
SWCRX
SWGRX vs. SWCRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Fund (SWGRX) and Schwab Target 2020 Fund (SWCRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWGRX | SWCRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.59 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.46 | 11.32 | +0.13 |
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Drawdowns
SWGRX vs. SWCRX - Drawdown Comparison
The maximum SWGRX drawdown since its inception was -34.83%, smaller than the maximum SWCRX drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for SWGRX and SWCRX.
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Drawdown Indicators
| SWGRX | SWCRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -42.19% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -4.97% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.12% | -8.01% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -25.28% | +0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -25.28% | +0.82% |
Current DrawdownCurrent decline from peak | -0.17% | -0.44% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -5.80% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.14% | -0.07% |
Volatility
SWGRX vs. SWCRX - Volatility Comparison
Schwab Target 2015 Fund (SWGRX) and Schwab Target 2020 Fund (SWCRX) have volatilities of 2.33% and 2.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWGRX | SWCRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.40% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 5.23% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.37% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 11.00% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 9.44% | -0.63% |
SWGRX vs. SWCRX - Expense Ratio Comparison
SWGRX has a 0.00% expense ratio, which is lower than SWCRX's 0.00% 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%.
Dividends
SWGRX vs. SWCRX - Dividend Comparison
SWGRX's dividend yield for the trailing twelve months is around 8.50%, less than SWCRX's 9.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCRX Schwab Target 2020 Fund | 9.91% | 10.36% | 9.04% | 7.12% | 6.14% | 7.58% | 3.91% | 5.67% | 6.04% | 5.72% | 5.65% | 5.69% |
SWGRX Schwab Target 2015 Fund | 8.50% | 8.87% | 8.02% | 6.06% | 6.48% | 6.90% | 4.41% | 5.44% | 5.15% | 5.67% | 5.27% | 7.08% |
Frequently Asked Questions
With a correlation of 0.99, SWGRX and SWCRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWCRX has higher volatility (2.40%) compared to SWGRX (2.33%). In terms of maximum drawdown, SWGRX dropped -34.83% vs SWCRX's -42.19%.
SWGRX currently has the higher Sharpe Ratio (2.05 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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