SWMRX vs. PADLX
Compare and contrast key facts about Schwab Target 2045 Fund (SWMRX) and Putnam Retirement Advantage Maturity Fund (PADLX).
SWMRX is managed by Charles Schwab. It was launched on Jan 22, 2013. PADLX is managed by Putnam. It was launched on Dec 30, 2019.
Performance
SWMRX vs. PADLX - Performance Comparison
Loading graphics...
SWMRX vs. PADLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | -1.44% | 18.84% | 13.37% | 20.10% | -19.24% | 16.85% | 14.13% |
PADLX Putnam Retirement Advantage Maturity Fund | -0.28% | 10.83% | 8.34% | 11.01% | -12.54% | 2.93% | 7.84% |
Returns By Period
In the year-to-date period, SWMRX achieves a -1.44% return, which is significantly lower than PADLX's -0.28% return.
SWMRX
- 1D
- 2.44%
- 1M
- -5.62%
- YTD
- -1.44%
- 6M
- 0.83%
- 1Y
- 17.49%
- 3Y*
- 14.30%
- 5Y*
- 7.28%
- 10Y*
- 9.70%
PADLX
- 1D
- 0.55%
- 1M
- -2.39%
- YTD
- -0.28%
- 6M
- 1.83%
- 1Y
- 9.84%
- 3Y*
- 8.76%
- 5Y*
- 3.42%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SWMRX vs. PADLX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than PADLX's 0.22% 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%.
Return for Risk
SWMRX vs. PADLX — Risk / Return Rank
SWMRX
PADLX
SWMRX vs. PADLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) and Putnam Retirement Advantage Maturity Fund (PADLX). 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.
| SWMRX | PADLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.75 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.46 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.23 | -0.47 |
Martin ratioReturn relative to average drawdown | 7.88 | 9.78 | -1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SWMRX | PADLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.75 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.52 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.55 | +0.08 |
Correlation
The correlation between SWMRX and PADLX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWMRX vs. PADLX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 5.25%, more than PADLX's 4.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | 5.25% | 5.18% | 3.14% | 2.98% | 7.88% | 5.18% | 2.45% | 5.46% | 6.63% | 2.79% | 5.28% | 5.76% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.74% | 5.03% | 3.71% | 2.91% | 1.01% | 1.45% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWMRX vs. PADLX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -30.41%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for SWMRX and PADLX.
Loading graphics...
Drawdown Indicators
| SWMRX | PADLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -18.87% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -4.65% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -18.87% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -30.41% | — | — |
Current DrawdownCurrent decline from peak | -6.39% | -2.93% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -4.95% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.06% | +1.20% |
Volatility
SWMRX vs. PADLX - Volatility Comparison
Schwab Target 2045 Fund (SWMRX) has a higher volatility of 5.34% compared to Putnam Retirement Advantage Maturity Fund (PADLX) at 2.05%. This indicates that SWMRX's price experiences larger fluctuations and is considered to be riskier than PADLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SWMRX | PADLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.05% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 3.27% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 5.82% | +8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 6.63% | +8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 7.56% | +7.92% |