SWMIX vs. SWHRX
SWMIX (Schwab International Opportunities Fund) and SWHRX (Schwab Target 2025 Fund) are both mutual funds - SWMIX is a Foreign Large Cap Equities fund managed by Charles Schwab, while SWHRX is a Target Retirement Date fund managed by Charles Schwab. Over the past 10 years, SWMIX returned 7.82%/yr vs 7.49%/yr for SWHRX. Their correlation of 0.89 suggests significant overlap in exposure. SWMIX charges 0.99%/yr vs 0.00%/yr for SWHRX.
Performance
SWMIX vs. SWHRX - Performance Comparison
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Returns By Period
In the year-to-date period, SWMIX achieves a 13.80% return, which is significantly higher than SWHRX's 4.99% return. Both investments have delivered pretty close results over the past 10 years, with SWMIX having a 7.82% annualized return and SWHRX not far behind at 7.49%.
SWMIX
- 1D
- 1.60%
- 1M
- 2.93%
- YTD
- 13.80%
- 6M
- 14.23%
- 1Y
- 20.20%
- 3Y*
- 11.61%
- 5Y*
- 3.16%
- 10Y*
- 7.82%
SWHRX
- 1D
- 0.65%
- 1M
- 0.85%
- YTD
- 4.99%
- 6M
- 4.97%
- 1Y
- 13.56%
- 3Y*
- 10.70%
- 5Y*
- 5.31%
- 10Y*
- 7.49%
SWMIX vs. SWHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMIX Schwab International Opportunities Fund | 13.80% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
SWHRX Schwab Target 2025 Fund | 4.99% | 12.70% | 8.78% | 14.29% | -15.90% | 10.31% | 12.55% | 18.66% | -6.00% | 15.57% |
Correlation
The correlation between SWMIX and SWHRX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2008 | 0.89 |
The correlation between SWMIX and SWHRX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
SWMIX vs. SWHRX — Risk / Return Rank
SWMIX
SWHRX
SWMIX vs. SWHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and Schwab Target 2025 Fund (SWHRX). 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.
| SWMIX | SWHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.62 | -1.10 |
| Martin ratioReturn relative to average drawdown | 5.41 | 11.41 | -6.00 |
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Drawdowns
SWMIX vs. SWHRX - Drawdown Comparison
The maximum SWMIX drawdown since its inception was -61.81%, which is greater than SWHRX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SWMIX and SWHRX.
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Drawdown Indicators
| SWMIX | SWHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -37.97% | -23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -5.18% | -7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -7.77% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | -26.06% | -14.45% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -26.06% | -14.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.19% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -5.32% | -7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 1.18% | +2.41% |
Volatility
SWMIX vs. SWHRX - Volatility Comparison
Schwab International Opportunities Fund (SWMIX) has a higher volatility of 7.09% compared to Schwab Target 2025 Fund (SWHRX) at 2.65%. This indicates that SWMIX's price experiences larger fluctuations and is considered to be riskier than SWHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMIX | SWHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 2.65% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 5.45% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 6.58% | +12.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 10.96% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 10.52% | +7.86% |
SWMIX vs. SWHRX - Expense Ratio Comparison
SWMIX has a 0.99% expense ratio, which is higher than SWHRX's 0.00% expense ratio.
Dividends
SWMIX vs. SWHRX - Dividend Comparison
SWMIX has not paid dividends to shareholders, while SWHRX's dividend yield for the trailing twelve months is around 9.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHRX Schwab Target 2025 Fund | 9.65% | 10.13% | 7.82% | 5.19% | 5.72% | 6.41% | 2.94% | 5.47% | 5.95% | 3.78% | 5.31% | 7.05% |
SWMIX Schwab International Opportunities Fund | 0.00% | 0.00% | 2.04% | 1.73% | 3.59% | 17.50% | 6.16% | 1.94% | 10.57% | 4.60% | 0.87% | 7.20% |
Frequently Asked Questions
With a correlation of 0.91, SWMIX and SWHRX 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.
SWMIX has higher volatility (7.09%) compared to SWHRX (2.65%). In terms of maximum drawdown, SWMIX dropped -61.81% vs SWHRX's -37.97%.
SWHRX currently has the higher Sharpe Ratio (2.06 vs 1.03), 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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