SWLRX vs. SWJRX
SWLRX (Schwab Monthly Income Fund - Maximum Payout) and SWJRX (Schwab Monthly Income Fund - Moderate Payout) are both Diversified Portfolio funds from Charles Schwab. Over the past 10 years, SWLRX returned 3.42%/yr vs 5.26%/yr for SWJRX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.00% expense ratio.
Performance
SWLRX vs. SWJRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWLRX achieves a 5.20% return, which is significantly lower than SWJRX's 8.59% return. Over the past 10 years, SWLRX has underperformed SWJRX with an annualized return of 3.42%, while SWJRX has yielded a comparatively higher 5.26% annualized return.
SWLRX
- 1D
- -0.10%
- 1M
- 0.41%
- 6M
- 2.99%
- YTD
- 5.20%
- 1Y
- 9.77%
- 3Y*
- 7.56%
- 5Y*
- 2.54%
- 10Y*
- 3.42%
- ALL TIME*
- 3.56%
SWJRX
- 1D
- 0.00%
- 1M
- 1.27%
- 6M
- 5.15%
- YTD
- 8.59%
- 1Y
- 14.72%
- 3Y*
- 9.41%
- 5Y*
- 4.06%
- 10Y*
- 5.26%
- ALL TIME*
- 5.04%
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 |
SWLRX vs. SWJRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWLRX Schwab Monthly Income Fund - Maximum Payout | 5.20% | 9.85% | 3.75% | 8.04% | -12.49% | 2.33% | 6.93% | 11.18% | -2.31% | 5.64% |
SWJRX Schwab Monthly Income Fund - Moderate Payout | 8.59% | 12.17% | 3.83% | 8.79% | -12.81% | 9.23% | 5.32% | 16.40% | -6.31% | 10.80% |
Correlation
The correlation between SWLRX and SWJRX 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.74 |
Over the past year, SWLRX and SWJRX have become more correlated (0.94) than their long-term average of 0.74, meaning their price movements have been converging.
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Return for Risk
SWLRX vs. SWJRX — Risk / Return Rank
SWLRX
SWJRX
SWLRX vs. SWJRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Monthly Income Fund - Maximum Payout (SWLRX) 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.
| SWLRX | SWJRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.18 | -0.34 |
| Martin ratioReturn relative to average drawdown | 10.18 | 11.43 | -1.26 |
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Drawdowns
SWLRX vs. SWJRX - Drawdown Comparison
The maximum SWLRX drawdown since its inception was -18.60%, smaller than the maximum SWJRX drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for SWLRX and SWJRX.
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Drawdown Indicators
| SWLRX | SWJRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -25.61% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -4.55% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -7.15% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -20.87% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -18.60% | -20.87% | +2.27% |
Current DrawdownCurrent decline from peak | -0.30% | -0.27% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -3.86% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.26% | -0.29% |
Volatility
SWLRX vs. SWJRX - Volatility Comparison
The current volatility for Schwab Monthly Income Fund - Maximum Payout (SWLRX) is 1.16%, while Schwab Monthly Income Fund - Moderate Payout (SWJRX) has a volatility of 1.67%. This indicates that SWLRX 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
| SWLRX | SWJRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.67% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 4.54% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 5.77% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 8.73% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 8.55% | -3.40% |
SWLRX vs. SWJRX - Expense Ratio Comparison
SWLRX 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
SWLRX vs. SWJRX - Dividend Comparison
SWLRX's dividend yield for the trailing twelve months is around 4.17%, less than SWJRX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWJRX Schwab Monthly Income Fund - Moderate Payout | 4.27% | 4.78% | 4.94% | 4.80% | 8.67% | 3.62% | 2.49% | 5.36% | 3.47% | 2.93% | 6.05% | 6.80% |
SWLRX Schwab Monthly Income Fund - Maximum Payout | 4.17% | 4.63% | 4.94% | 4.10% | 4.63% | 3.07% | 2.19% | 3.22% | 3.30% | 2.47% | 4.00% | 4.31% |
Frequently Asked Questions
With a correlation of 0.94, SWLRX 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 (1.67%) compared to SWLRX (1.16%). In terms of maximum drawdown, SWLRX dropped -18.60% vs SWJRX's -25.61%.
SWJRX currently has the higher Sharpe Ratio (2.52 vs 2.26), 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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