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.
Performance
SWIRX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SWIRX achieves a 12.68% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, SWIRX has underperformed SPY with an annualized return of 3.64%, while SPY has yielded a comparatively higher 13.04% annualized return.
SWIRX
12.68%
-1.16%
5.68%
18.30%
4.73%
3.64%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| SWIRX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.09 | 2.67 |
| Sortino Ratio | 2.95 | 3.56 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 1.11 | 3.85 |
| Martin Ratio | 12.66 | 17.38 |
| Ulcer Index | 1.49% | 1.86% |
| Daily Std Dev | 9.03% | 12.17% |
| Max Drawdown | -41.52% | -55.19% |
| Current Drawdown | -1.73% | -1.77% |
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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%.
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.
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 1.93%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWIRX Schwab Target 2035 Fund | 1.93% | 2.17% | 1.94% | 2.64% | 1.45% | 2.25% | 2.70% | 2.50% | 1.66% | 2.08% | 2.41% | 1.63% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -41.52%, 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 2.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. 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.