SWHRX vs. IRTR
SWHRX (Schwab Target 2025 Fund) and IRTR (iShares LifePath Retirement ETF) are both Target Retirement Date funds. Over the past year, SWHRX returned 13.56% vs 13.71% for IRTR. Their correlation of 0.94 suggests significant overlap in exposure. SWHRX charges 0.00%/yr vs 0.08%/yr for IRTR.
Performance
SWHRX vs. IRTR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SWHRX having a 4.99% return and IRTR slightly higher at 5.18%.
SWHRX
- 1D
- 0.65%
- 1M
- 0.85%
- YTD
- 4.99%
- 6M
- 4.97%
- 1Y
- 13.56%
- 3Y*
- 10.70%
- 5Y*
- 5.31%
- 10Y*
- 7.49%
IRTR
- 1D
- -0.21%
- 1M
- 0.85%
- YTD
- 5.18%
- 6M
- 5.24%
- 1Y
- 13.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWHRX vs. IRTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SWHRX Schwab Target 2025 Fund | 4.99% | 12.70% | 8.78% | 9.91% |
IRTR iShares LifePath Retirement ETF | 5.18% | 12.70% | 7.59% | 11.03% |
Correlation
The correlation between SWHRX and IRTR is 0.96 - 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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.94 |
The correlation between SWHRX and IRTR has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SWHRX vs. IRTR — Risk / Return Rank
SWHRX
IRTR
SWHRX vs. IRTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2025 Fund (SWHRX) and iShares LifePath Retirement ETF (IRTR). 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.
| SWHRX | IRTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.86 | -0.24 |
| Martin ratioReturn relative to average drawdown | 11.41 | 12.37 | -0.96 |
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Drawdowns
SWHRX vs. IRTR - Drawdown Comparison
The maximum SWHRX drawdown since its inception was -37.97%, which is greater than IRTR's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for SWHRX and IRTR.
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Drawdown Indicators
| SWHRX | IRTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -6.29% | -31.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -4.82% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -7.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.06% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.37% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -0.78% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.11% | +0.07% |
Volatility
SWHRX vs. IRTR - Volatility Comparison
Schwab Target 2025 Fund (SWHRX) has a higher volatility of 2.65% compared to iShares LifePath Retirement ETF (IRTR) at 2.43%. This indicates that SWHRX's price experiences larger fluctuations and is considered to be riskier than IRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWHRX | IRTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.43% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 5.27% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.58% | 6.32% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 7.11% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.52% | 7.11% | +3.41% |
SWHRX vs. IRTR - Expense Ratio Comparison
SWHRX has a 0.00% expense ratio, which is lower than IRTR's 0.08% 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
SWHRX vs. IRTR - Dividend Comparison
SWHRX's dividend yield for the trailing twelve months is around 9.65%, more than IRTR's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 2.99% | 3.03% | 3.03% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWHRX Schwab Target 2025 Fund | 9.65% | 10.13% | 7.82% | 5.19% | 5.72% | 6.41% | 2.94% | 5.47% | 5.95% | 3.78% | 5.31% | 7.05% |
Frequently Asked Questions
With a correlation of 0.96, SWHRX and IRTR 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.
SWHRX has higher volatility (2.65%) compared to IRTR (2.43%). In terms of maximum drawdown, SWHRX dropped -37.97% vs IRTR's -6.29%.
IRTR currently has the higher Sharpe Ratio (2.18 vs 2.06), 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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