SWIRX vs. FRAMX
Compare and contrast key facts about Schwab Target 2035 Fund (SWIRX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SWIRX is managed by Charles Schwab. It was launched on Mar 11, 2008. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SWIRX vs. FRAMX - Performance Comparison
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SWIRX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWIRX Schwab Target 2035 Fund | -3.23% | 16.49% | 11.73% | 17.92% | -17.91% | 14.21% | 14.05% | 21.85% | -8.24% | 19.13% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SWIRX achieves a -3.23% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, SWIRX has outperformed FRAMX with an annualized return of 8.46%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
SWIRX
- 1D
- -0.11%
- 1M
- -6.98%
- YTD
- -3.23%
- 6M
- -0.93%
- 1Y
- 12.80%
- 3Y*
- 11.81%
- 5Y*
- 6.13%
- 10Y*
- 8.46%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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SWIRX vs. FRAMX - Expense Ratio Comparison
SWIRX has a 0.00% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SWIRX vs. FRAMX — Risk / Return Rank
SWIRX
FRAMX
SWIRX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Fund (SWIRX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SWIRX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.50 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.09 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.00 | -0.61 |
Martin ratioReturn relative to average drawdown | 6.29 | 8.06 | -1.77 |
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
| SWIRX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.50 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.41 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.82 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Correlation
The correlation between SWIRX and FRAMX is 0.87, 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
SWIRX vs. FRAMX - Dividend Comparison
SWIRX's dividend yield for the trailing twelve months is around 7.05%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWIRX Schwab Target 2035 Fund | 7.05% | 6.82% | 3.96% | 3.42% | 7.40% | 5.81% | 2.87% | 6.33% | 7.12% | 3.37% | 5.74% | 8.16% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SWIRX vs. FRAMX - Drawdown Comparison
The maximum SWIRX drawdown since its inception was -41.53%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SWIRX and FRAMX.
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Drawdown Indicators
| SWIRX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -33.94% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -3.45% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -16.31% | -12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -28.70% | -16.31% | -12.39% |
Current DrawdownCurrent decline from peak | -7.27% | -3.20% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -3.87% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.86% | +1.01% |
Volatility
SWIRX vs. FRAMX - Volatility Comparison
Schwab Target 2035 Fund (SWIRX) has a higher volatility of 3.79% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that SWIRX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWIRX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 1.96% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 2.86% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 4.59% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 5.21% | +8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 4.47% | +8.98% |