SWIRX vs. SWPPX
SWIRX (Schwab Target 2035 Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - SWIRX is a Target Retirement Date fund managed by Charles Schwab, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, SWIRX returned 9.14%/yr vs 15.16%/yr for SWPPX. Their 0.95 correlation means they have historically moved very closely together. SWIRX charges 0.00%/yr vs 0.02%/yr for SWPPX.
Performance
SWIRX vs. SWPPX - Performance Comparison
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Returns By Period
In the year-to-date period, SWIRX achieves a 8.12% return, which is significantly lower than SWPPX's 11.74% return. Over the past 10 years, SWIRX has underperformed SWPPX with an annualized return of 9.14%, while SWPPX has yielded a comparatively higher 15.16% 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%
SWPPX
- 1D
- 1.50%
- 1M
- 1.66%
- 6M
- 10.48%
- YTD
- 11.74%
- 1Y
- 21.48%
- 3Y*
- 20.86%
- 5Y*
- 13.12%
- 10Y*
- 15.16%
- ALL TIME*
- 9.83%
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. SWPPX - 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% |
SWPPX Schwab S&P 500 Index Fund | 11.74% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Correlation
The correlation between SWIRX and SWPPX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 0.95 |
The correlation between SWIRX and SWPPX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
SWIRX vs. SWPPX — Risk / Return Rank
SWIRX
SWPPX
SWIRX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Fund (SWIRX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.63 | -0.27 |
| Martin ratioReturn relative to average drawdown | 10.04 | 11.28 | -1.23 |
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Drawdowns
SWIRX vs. SWPPX - Drawdown Comparison
The maximum SWIRX drawdown since its inception was -41.53%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWIRX and SWPPX.
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Drawdown Indicators
| SWIRX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -55.06% | +13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -8.89% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -18.74% | +7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -24.51% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -28.70% | -33.80% | +5.10% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -9.90% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.07% | -0.36% |
Volatility
SWIRX vs. SWPPX - Volatility Comparison
The current volatility for Schwab Target 2035 Fund (SWIRX) is 2.80%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.85%. This indicates that SWIRX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWIRX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.85% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 10.23% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 12.89% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 17.06% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 18.24% | -4.80% |
SWIRX vs. SWPPX - Expense Ratio Comparison
SWIRX has a 0.00% expense ratio, which is lower than SWPPX's 0.02% 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. SWPPX - Dividend Comparison
SWIRX's dividend yield for the trailing twelve months is around 6.31%, more than SWPPX's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWPPX Schwab S&P 500 Index Fund | 0.99% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
With a correlation of 0.95, SWIRX and SWPPX 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.
SWPPX has higher volatility (3.85%) compared to SWIRX (2.80%). In terms of maximum drawdown, SWIRX dropped -41.53% vs SWPPX's -55.06%.
SWPPX currently has the higher Sharpe Ratio (1.82 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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