SWIRX vs. SSBRX
SWIRX (Schwab Target 2035 Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, SWIRX returned 9.14%/yr vs 7.61%/yr for SSBRX. Their correlation of 0.95 means they have usually moved in the same direction. SWIRX charges 0.00%/yr vs 0.13%/yr for SSBRX.
Performance
SWIRX vs. SSBRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWIRX achieves a 8.12% return, which is significantly higher than SSBRX's 6.58% return. Over the past 10 years, SWIRX has outperformed SSBRX with an annualized return of 9.14%, while SSBRX has yielded a comparatively lower 7.61% annualized return.
SWIRX
- 1D
- 0.90%
- 1M
- 0.65%
- 6M
- 5.62%
- YTD
- 8.12%
- 1Y
- 15.83%
- 3Y*
- 14.15%
- 5Y*
- 6.93%
- 10Y*
- 9.14%
- ALL TIME*
- 8.21%
SSBRX
- 1D
- 0.37%
- 1M
- 0.45%
- 6M
- 4.67%
- YTD
- 6.58%
- 1Y
- 12.12%
- 3Y*
- 11.20%
- 5Y*
- 4.99%
- 10Y*
- 7.61%
- ALL TIME*
- 7.10%
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 |
SWIRX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWIRX Schwab Target 2035 Fund | 8.12% | 16.49% | 11.73% | 17.92% | -17.91% | 14.21% | 14.05% | 21.85% | -8.24% | 19.13% |
SSBRX State Street Target Retirement 2025 Fund | 6.58% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
Correlation
The correlation between SWIRX and SSBRX is 0.94, 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.95 |
The correlation between SWIRX and SSBRX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SWIRX vs. SSBRX — Risk / Return Rank
SWIRX
SSBRX
SWIRX vs. SSBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Fund (SWIRX) and State Street Target Retirement 2025 Fund (SSBRX). 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.
| SWIRX | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.92 | -0.56 |
| Martin ratioReturn relative to average drawdown | 10.04 | 12.67 | -2.63 |
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Drawdowns
SWIRX vs. SSBRX - Drawdown Comparison
The maximum SWIRX drawdown since its inception was -41.53%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for SWIRX and SSBRX.
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Drawdown Indicators
| SWIRX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -21.96% | -19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -4.44% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -7.36% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -21.13% | -7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -28.70% | -21.96% | -6.74% |
Current DrawdownCurrent decline from peak | -0.10% | -0.15% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -3.68% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.02% | +0.69% |
Volatility
SWIRX vs. SSBRX - Volatility Comparison
Schwab Target 2035 Fund (SWIRX) has a higher volatility of 2.80% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.51%. This indicates that SWIRX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWIRX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.51% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 4.88% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 5.93% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 8.86% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 9.75% | +3.69% |
SWIRX vs. SSBRX - Expense Ratio Comparison
SWIRX has a 0.00% expense ratio, which is lower than SSBRX's 0.13% 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
SWIRX vs. SSBRX - Dividend Comparison
SWIRX's dividend yield for the trailing twelve months is around 6.31%, more than SSBRX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBRX State Street Target Retirement 2025 Fund | 5.69% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
SWIRX Schwab Target 2035 Fund | 6.31% | 6.82% | 3.96% | 3.42% | 7.40% | 5.81% | 2.87% | 6.33% | 7.12% | 3.37% | 5.74% | 8.16% |
Frequently Asked Questions
With a correlation of 0.94, SWIRX and SSBRX 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.
SWIRX has higher volatility (2.80%) compared to SSBRX (1.51%). In terms of maximum drawdown, SWIRX dropped -41.53% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.19 vs 1.76), 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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