SWKRX vs. SWJRX
SWKRX (Schwab Monthly Income Fund - Enhanced Payout) and SWJRX (Schwab Monthly Income Fund - Moderate Payout) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWKRX returned 4.62%/yr vs 5.23%/yr for SWJRX. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.
Performance
SWKRX vs. SWJRX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWKRX having a 6.18% return and SWJRX slightly lower at 6.10%. Over the past 10 years, SWKRX has underperformed SWJRX with an annualized return of 4.62%, while SWJRX has yielded a comparatively higher 5.23% annualized return.
SWKRX
- 1D
- -0.09%
- 1M
- -0.53%
- YTD
- 6.18%
- 6M
- 6.27%
- 1Y
- 13.19%
- 3Y*
- 9.22%
- 5Y*
- 3.89%
- 10Y*
- 4.62%
SWJRX
- 1D
- -0.18%
- 1M
- -0.59%
- YTD
- 6.10%
- 6M
- 6.13%
- 1Y
- 13.13%
- 3Y*
- 9.20%
- 5Y*
- 4.08%
- 10Y*
- 5.23%
SWKRX vs. SWJRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 6.18% | 12.14% | 3.85% | 8.71% | -12.47% | 5.73% | 6.11% | 13.79% | -4.20% | 8.19% |
SWJRX Schwab Monthly Income Fund - Moderate Payout | 6.10% | 12.17% | 3.83% | 8.79% | -12.81% | 9.23% | 5.32% | 16.40% | -6.31% | 10.80% |
Correlation
The correlation between SWKRX and SWJRX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.96 |
The correlation between SWKRX and SWJRX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
SWKRX vs. SWJRX — Risk / Return Rank
SWKRX
SWJRX
SWKRX vs. SWJRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) and Schwab Monthly Income Fund - Moderate Payout (SWJRX). 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.
| SWKRX | SWJRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.88 | +0.03 |
| Martin ratioReturn relative to average drawdown | 10.53 | 10.32 | +0.21 |
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Drawdowns
SWKRX vs. SWJRX - Drawdown Comparison
The maximum SWKRX drawdown since its inception was -20.69%, smaller than the maximum SWJRX drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for SWKRX and SWJRX.
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Drawdown Indicators
| SWKRX | SWJRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -25.61% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -4.55% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -8.18% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -20.87% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -20.69% | -20.87% | +0.18% |
Current DrawdownCurrent decline from peak | -1.19% | -1.29% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -3.88% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.26% | -0.02% |
Volatility
SWKRX vs. SWJRX - Volatility Comparison
The current volatility for Schwab Monthly Income Fund - Enhanced Payout (SWKRX) is 1.71%, while Schwab Monthly Income Fund - Moderate Payout (SWJRX) has a volatility of 1.83%. This indicates that SWKRX experiences smaller price fluctuations and is considered to be less risky than SWJRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWKRX | SWJRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.83% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 4.46% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 5.81% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 8.72% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 8.59% | -1.51% |
SWKRX vs. SWJRX - Expense Ratio Comparison
SWKRX has a 0.00% expense ratio, which is lower than SWJRX's 0.00% 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
SWKRX vs. SWJRX - Dividend Comparison
SWKRX's dividend yield for the trailing twelve months is around 4.28%, less than SWJRX's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 4.70% | 4.78% | 4.94% | 4.80% | 8.67% | 3.62% | 2.49% | 5.36% | 3.47% | 2.93% | 6.05% | 6.80% |
SWKRX Schwab Monthly Income Fund - Enhanced Payout | 4.28% | 4.41% | 4.73% | 4.69% | 7.47% | 3.93% | 3.02% | 4.66% | 3.10% | 2.71% | 4.71% | 2.27% |
Frequently Asked Questions
With a correlation of 0.99, SWKRX and SWJRX 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.
SWJRX has higher volatility (1.83%) compared to SWKRX (1.71%). In terms of maximum drawdown, SWKRX dropped -20.69% vs SWJRX's -25.61%.
SWKRX currently has the higher Sharpe Ratio (2.27 vs 2.25), 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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