SWIRX vs. SPY
Compare and contrast key facts about Schwab Target 2035 Fund (SWIRX) and SPDR S&P 500 ETF (SPY).
SWIRX is managed by Charles Schwab. It was launched on Mar 11, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWIRX or SPY.
Key characteristics
SWIRX | SPY | |
---|---|---|
YTD Return | 11.80% | 18.86% |
1Y Return | 19.92% | 28.13% |
3Y Return (Ann) | 3.44% | 9.87% |
5Y Return (Ann) | 8.41% | 15.23% |
10Y Return (Ann) | 7.26% | 12.80% |
Sharpe Ratio | 2.01 | 2.21 |
Daily Std Dev | 9.73% | 12.60% |
Max Drawdown | -41.53% | -55.19% |
Current Drawdown | -0.28% | -0.61% |
Correlation
The correlation between SWIRX and SPY is 0.95, 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.
Performance
SWIRX vs. SPY - Performance Comparison
In the year-to-date period, SWIRX achieves a 11.80% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, SWIRX has underperformed SPY with an annualized return of 7.26%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWIRX vs. SPY - Expense Ratio Comparison
SWIRX has a 0.00% expense ratio, which is lower than SPY's 0.09% 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%.
Risk-Adjusted Performance
SWIRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Fund (SWIRX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SWIRX vs. SPY - Dividend Comparison
SWIRX's dividend yield for the trailing twelve months is around 5.00%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Schwab Target 2035 Fund | 5.00% | 5.59% | 7.40% | 5.81% | 2.87% | 6.33% | 7.12% | 3.37% | 5.74% | 8.16% | 6.16% | 1.63% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SWIRX vs. SPY - Drawdown Comparison
The maximum SWIRX drawdown since its inception was -41.53%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWIRX and SPY. For additional features, visit the drawdowns tool.
Volatility
SWIRX vs. SPY - Volatility Comparison
The current volatility for Schwab Target 2035 Fund (SWIRX) is 1.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that SWIRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.