SWHRX vs. SWMIX
SWHRX (Schwab Target 2025 Fund) and SWMIX (Schwab International Opportunities Fund) are both mutual funds - SWHRX is a Target Retirement Date fund managed by Charles Schwab, while SWMIX is a Foreign Large Cap Equities fund managed by Charles Schwab. Over the past 10 years, SWHRX returned 7.17%/yr vs 7.32%/yr for SWMIX. Their correlation of 0.89 means they have usually moved in the same direction. SWHRX charges 0.00%/yr vs 0.99%/yr for SWMIX.
Performance
SWHRX vs. SWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SWHRX achieves a 4.37% return, which is significantly lower than SWMIX's 10.02% return. Both investments have delivered pretty close results over the past 10 years, with SWHRX having a 7.17% annualized return and SWMIX not far ahead at 7.32%.
SWHRX
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 2.83%
- YTD
- 4.37%
- 1Y
- 10.52%
- 3Y*
- 10.02%
- 5Y*
- 4.67%
- 10Y*
- 7.17%
- ALL TIME*
- 6.88%
SWMIX
- 1D
- -0.30%
- 1M
- -0.90%
- 6M
- 3.44%
- YTD
- 10.02%
- 1Y
- 14.25%
- 3Y*
- 10.38%
- 5Y*
- 1.98%
- 10Y*
- 7.32%
- ALL TIME*
- 7.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWHRX vs. SWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWHRX Schwab Target 2025 Fund | 4.37% | 12.70% | 8.78% | 14.29% | -15.90% | 10.31% | 12.55% | 18.66% | -6.00% | 15.57% |
SWMIX Schwab International Opportunities Fund | 10.02% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
Correlation
The correlation between SWHRX and SWMIX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 0.89 |
The correlation between SWHRX and SWMIX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
SWHRX vs. SWMIX — Risk / Return Rank
SWHRX
SWMIX
SWHRX vs. SWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2025 Fund (SWHRX) and Schwab International Opportunities Fund (SWMIX). 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 | SWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.09 | +0.91 |
| Martin ratioReturn relative to average drawdown | 8.52 | 3.75 | +4.77 |
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Drawdowns
SWHRX vs. SWMIX - Drawdown Comparison
The maximum SWHRX drawdown since its inception was -37.97%, smaller than the maximum SWMIX drawdown of -61.81%. Use the drawdown chart below to compare losses from any high point for SWHRX and SWMIX.
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Drawdown Indicators
| SWHRX | SWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -61.81% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -12.90% | +7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.14% | -14.29% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -40.51% | +14.45% |
Max Drawdown (10Y)Largest decline over 10 years | -26.06% | -40.51% | +14.45% |
Current DrawdownCurrent decline from peak | -0.91% | -3.47% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -12.59% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.74% | -2.53% |
Volatility
SWHRX vs. SWMIX - Volatility Comparison
The current volatility for Schwab Target 2025 Fund (SWHRX) is 1.81%, while Schwab International Opportunities Fund (SWMIX) has a volatility of 5.91%. This indicates that SWHRX experiences smaller price fluctuations and is considered to be less risky than SWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWHRX | SWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 5.91% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 15.97% | -10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.70% | 19.72% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 18.50% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.45% | 18.21% | -7.76% |
SWHRX vs. SWMIX - Expense Ratio Comparison
SWHRX has a 0.00% expense ratio, which is lower than SWMIX's 0.99% expense ratio.
Dividends
SWHRX vs. SWMIX - Dividend Comparison
SWHRX's dividend yield for the trailing twelve months is around 9.71%, while SWMIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHRX Schwab Target 2025 Fund | 9.71% | 10.13% | 7.82% | 5.19% | 5.72% | 6.41% | 2.94% | 5.47% | 5.95% | 3.78% | 5.31% | 7.05% |
SWMIX Schwab International Opportunities Fund | 0.00% | 0.00% | 2.04% | 1.73% | 3.59% | 17.50% | 6.16% | 1.94% | 10.57% | 4.60% | 0.87% | 7.20% |
Frequently Asked Questions
With a correlation of 0.92, SWHRX and SWMIX 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.
SWMIX has higher volatility (5.91%) compared to SWHRX (1.81%). In terms of maximum drawdown, SWHRX dropped -37.97% vs SWMIX's -61.81%.
SWHRX currently has the higher Sharpe Ratio (1.55 vs 0.72), 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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