SWGRX vs. SWPPX
Compare and contrast key facts about Schwab Target 2015 Fund (SWGRX) and Schwab S&P 500 Index Fund (SWPPX).
SWGRX is managed by Charles Schwab. It was launched on Mar 11, 2008. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
SWGRX vs. SWPPX - Performance Comparison
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SWGRX vs. SWPPX - 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% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, SWGRX achieves a -2.00% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, SWGRX has underperformed SWPPX with an annualized return of 5.57%, while SWPPX has yielded a comparatively higher 13.71% 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%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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SWGRX vs. SWPPX - Expense Ratio Comparison
SWGRX has a 0.00% expense ratio, which is lower than SWPPX's 0.02% 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. SWPPX — Risk / Return Rank
SWGRX
SWPPX
SWGRX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Fund (SWGRX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.84 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.30 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.06 | +0.58 |
Martin ratioReturn relative to average drawdown | 6.99 | 5.14 | +1.86 |
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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.84 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.68 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.76 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Correlation
The correlation between SWGRX and SWPPX 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. SWPPX - Dividend Comparison
SWGRX's dividend yield for the trailing twelve months is around 9.05%, more than SWPPX's 1.19% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
SWGRX vs. SWPPX - Drawdown Comparison
The maximum SWGRX drawdown since its inception was -34.83%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWGRX and SWPPX.
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Drawdown Indicators
| SWGRX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -55.06% | +20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -12.10% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -24.51% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -33.80% | +9.34% |
Current DrawdownCurrent decline from peak | -4.53% | -8.89% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -10.00% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.49% | -1.30% |
Volatility
SWGRX vs. SWPPX - Volatility Comparison
The current volatility for Schwab Target 2015 Fund (SWGRX) is 2.53%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that SWGRX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWGRX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.29% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 9.11% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.12% | 18.14% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 16.89% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 18.19% | -9.43% |