SWHRX vs. VTTVX

Last updated Jun 23, 2026

SWHRX (Schwab Target 2025 Fund) and VTTVX (Vanguard Target Retirement 2025 Fund) are both mutual funds - SWHRX is a Target Retirement Date fund managed by Charles Schwab, while VTTVX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, SWHRX returned 7.49%/yr vs 8.01%/yr for VTTVX. With a 0.98 correlation, they move nearly in lockstep. SWHRX charges 0.00%/yr vs 0.08%/yr for VTTVX.

Performance

SWHRX vs. VTTVX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWHRX achieves a 4.99% return, which is significantly lower than VTTVX's 6.57% return. Over the past 10 years, SWHRX has underperformed VTTVX with an annualized return of 7.49%, while VTTVX has yielded a comparatively higher 8.01% annualized return.

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%

VTTVX

• 1D: 0.66%
• 1M: 1.24%
• YTD: 6.57%
• 6M: 6.58%
• 1Y: 16.48%
• 3Y*: 12.16%
• 5Y*: 6.14%
• 10Y*: 8.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWHRX vs. VTTVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWHRX Schwab Target 2025 Fund	4.99%	12.70%	8.78%	14.29%	-15.90%	10.31%	12.55%	18.66%	-6.00%	15.57%
VTTVX Vanguard Target Retirement 2025 Fund	6.57%	14.63%	9.23%	14.76%	-15.57%	9.78%	13.31%	19.63%	-5.14%	13.68%

Correlation

The correlation between SWHRX and VTTVX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008	0.98

The correlation between SWHRX and VTTVX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

SWHRX vs. VTTVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWHRX

SWHRX Risk / Return Rank: 57
SWHRX Sharpe Ratio Rank: 57
SWHRX Sortino Ratio Rank: 59
SWHRX Omega Ratio Rank: 58
SWHRX Calmar Ratio Rank: 51
SWHRX Martin Ratio Rank: 61

VTTVX

VTTVX Risk / Return Rank: 69
VTTVX Sharpe Ratio Rank: 70
VTTVX Sortino Ratio Rank: 72
VTTVX Omega Ratio Rank: 72
VTTVX Calmar Ratio Rank: 63
VTTVX Martin Ratio Rank: 70

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. VTTVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2025 Fund (SWHRX) and Vanguard Target Retirement 2025 Fund (VTTVX). 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	VTTVX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.25	-0.19
Sortino ratio: Return per unit of downside risk	2.95	3.20	-0.25
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.04
Calmar ratio: Return relative to maximum drawdown	2.62	2.93	-0.31
Martin ratio: Return relative to average drawdown	11.41	12.55	-1.14

SWHRX vs. VTTVX - Sharpe Ratio Comparison

The current SWHRX Sharpe Ratio is 2.06, which is comparable to the VTTVX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of SWHRX and VTTVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWHRX vs. VTTVX - Drawdown Comparison

The maximum SWHRX drawdown since its inception was -37.97%, smaller than the maximum VTTVX drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for SWHRX and VTTVX.

Drawdown Indicators

	SWHRX	VTTVX	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-46.03%	+8.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-5.57%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-7.77%	-7.84%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-21.52%	-4.54%
Max Drawdown (10Y) Largest decline over 10 years	-26.06%	-22.51%	-3.55%
Current Drawdown Current decline from peak	-0.19%	-0.23%	+0.04%
Average Drawdown Average peak-to-trough decline	-5.32%	-5.04%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.30%	-0.12%

Volatility

SWHRX vs. VTTVX - Volatility Comparison

The current volatility for Schwab Target 2025 Fund (SWHRX) is 2.65%, while Vanguard Target Retirement 2025 Fund (VTTVX) has a volatility of 2.96%. This indicates that SWHRX experiences smaller price fluctuations and is considered to be less risky than VTTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWHRX	VTTVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.96%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	5.45%	6.08%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	6.58%	7.26%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.96%	9.15%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.52%	9.96%	+0.56%

SWHRX vs. VTTVX - Expense Ratio Comparison

SWHRX has a 0.00% expense ratio, which is lower than VTTVX'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. VTTVX - Dividend Comparison

SWHRX's dividend yield for the trailing twelve months is around 9.65%, more than VTTVX's 6.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTTVX Vanguard Target Retirement 2025 Fund	6.93%	7.38%	7.63%	3.96%	2.96%	16.28%	4.35%	2.57%	3.14%	0.47%	2.68%	4.98%

Frequently Asked Questions

Can I hold both SWHRX and VTTVX in my portfolio?

With a correlation of 0.98, SWHRX and VTTVX 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.

Which is riskier, SWHRX or VTTVX?

VTTVX has higher volatility (2.96%) compared to SWHRX (2.65%). In terms of maximum drawdown, SWHRX dropped -37.97% vs VTTVX's -46.03%.

Which has better risk-adjusted returns?

VTTVX currently has the higher Sharpe Ratio (2.25 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.