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SWHRX vs. SWCRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWHRX vs. SWCRX

Last updated Jun 4, 2026

SWHRX (Schwab Target 2025 Fund) and SWCRX (Schwab Target 2020 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 10 years, SWHRX returned 7.46%/yr vs 6.63%/yr for SWCRX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.

Performance

SWHRX vs. SWCRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2025 Fund (SWHRX) and Schwab Target 2020 Fund (SWCRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SWHRX having a 5.19% return and SWCRX slightly lower at 4.95%. Over the past 10 years, SWHRX has outperformed SWCRX with an annualized return of 7.46%, while SWCRX has yielded a comparatively lower 6.63% annualized return.

SWHRX

1D
0.13%
1M
2.33%
YTD
5.19%
6M
5.43%
1Y
14.24%
3Y*
11.38%
5Y*
5.29%
10Y*
7.46%

SWCRX

1D
0.15%
1M
2.26%
YTD
4.95%
6M
5.20%
1Y
13.76%
3Y*
10.79%
5Y*
4.95%
10Y*
6.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWHRX vs. SWCRX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWHRX
Schwab Target 2025 Fund		5.19%12.70%8.78%14.29%-15.90%10.31%12.55%18.66%-6.00%15.57%
SWCRX
Schwab Target 2020 Fund		4.95%12.23%8.32%12.83%-14.76%7.86%11.47%16.16%-4.46%13.05%

Correlation

The correlation between SWHRX 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 13, 2008

0.99

The correlation between SWHRX and SWCRX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

SWHRX vs. SWCRX - Sectors Allocation Comparison

Sectors
SWHRX
SWCRX

Technology

26.2%
26.4%

Financial Services

11.8%
11.9%

Industrials

11.5%
11.3%

Healthcare

10.5%
10.5%

Consumer Cyclical

9.3%
9.3%

Communication Services

8.9%
8.9%

Real Estate

7.7%
7.6%

Consumer Defensive

4.6%
4.6%

Energy

4.3%
4.3%

Basic Materials

3.3%
3.3%

Utilities

2.0%
2.0%

Technology

SWHRX
26.2%
SWCRX
26.4%

Financial Services

SWHRX
11.8%
SWCRX
11.9%

Industrials

SWHRX
11.5%
SWCRX
11.3%

Healthcare

SWHRX
10.5%
SWCRX
10.5%

Consumer Cyclical

SWHRX
9.3%
SWCRX
9.3%

Communication Services

SWHRX
8.9%
SWCRX
8.9%

Real Estate

SWHRX
7.7%
SWCRX
7.6%

Consumer Defensive

SWHRX
4.6%
SWCRX
4.6%

Energy

SWHRX
4.3%
SWCRX
4.3%

Basic Materials

SWHRX
3.3%
SWCRX
3.3%

Utilities

SWHRX
2.0%
SWCRX
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Target 2025 Fund

Schwab Target 2020 Fund

Often compared with SWHRX:
SWHRX vs. VTISWHRX vs. SWORXSWHRX vs. IRTRSWHRX vs. SWPPXSWHRX vs. SWMIXSWHRX vs. VTTVXSWHRX vs. SWBRX
Often compared with SWCRX:
SWCRX vs. SWGRXSWCRX vs. SWPPXSWCRX vs. VTWNXSWCRX vs. VOOSWCRX vs. SCHGSWCRX vs. PDDDXSWCRX vs. FIKFX

Return for Risk

SWHRX vs. SWCRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWHRX
SWHRX Risk / Return Rank: 6161
Overall Rank
SWHRX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SWHRX Sortino Ratio Rank: 6464
Sortino Ratio Rank
SWHRX Omega Ratio Rank: 6262
Omega Ratio Rank
SWHRX Calmar Ratio Rank: 5353
Calmar Ratio Rank
SWHRX Martin Ratio Rank: 6363
Martin Ratio Rank
SWCRX
SWCRX Risk / Return Rank: 6161
Overall Rank
SWCRX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
SWCRX Sortino Ratio Rank: 6464
Sortino Ratio Rank
SWCRX Omega Ratio Rank: 6363
Omega Ratio Rank
SWCRX Calmar Ratio Rank: 5454
Calmar Ratio Rank
SWCRX Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWHRX vs. SWCRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2025 Fund (SWHRX) 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.

SWHRXSWCRXDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.31

+0.01

Sortino ratioReturn per unit of downside risk
3.36
3.36

0.00

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

2.78

2.80

-0.02

Martin ratioReturn relative to average drawdown

12.29

12.41

-0.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWHRX vs. SWCRX - Sharpe Ratio Comparison

The current SWHRX Sharpe Ratio is 2.32, which is comparable to the SWCRX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SWHRX and SWCRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWHRXSWCRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.31

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.45

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.71

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.55

+0.01

Drawdowns

SWHRX vs. SWCRX - Drawdown Comparison

The maximum SWHRX drawdown since its inception was -37.97%, smaller than the maximum SWCRX drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for SWHRX and SWCRX.

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Drawdown Indicators

SWHRXSWCRXDifference

Max Drawdown

Largest peak-to-trough decline

-37.97%

-42.19%

+4.22%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-4.97%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-7.77%

-8.01%

+0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-26.06%

-25.28%

-0.78%

Max Drawdown (10Y)

Largest decline over 10 years

-26.06%

-25.28%

-0.78%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.34%

-5.81%

+0.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

1.12%

+0.05%

Volatility

SWHRX vs. SWCRX - Volatility Comparison

Schwab Target 2025 Fund (SWHRX) and Schwab Target 2020 Fund (SWCRX) have volatilities of 2.04% and 1.98%, 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

SWHRXSWCRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.04%

1.98%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

4.98%

4.84%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

6.20%

6.03%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.92%

10.96%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.50%

9.42%

+1.08%

SWHRX vs. SWCRX - Expense Ratio Comparison

SWHRX 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

SWHRX vs. SWCRX - Dividend Comparison

SWHRX's dividend yield for the trailing twelve months is around 9.63%, less than SWCRX's 9.87% yield.

PositionTTM20252024202320222021202020192018201720162015
SWCRX
Schwab Target 2020 Fund		9.87%10.36%9.04%7.12%6.14%7.58%3.91%5.67%6.04%5.72%5.65%5.69%
SWHRX
Schwab Target 2025 Fund		9.63%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 0.99, SWHRX 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.

SWHRX has higher volatility (2.04%) compared to SWCRX (1.98%). In terms of maximum drawdown, SWHRX dropped -37.97% vs SWCRX's -42.19%.

SWHRX currently has the higher Sharpe Ratio (2.32 vs 2.31), 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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