SWMRX vs. SWLGX
Compare and contrast key facts about Schwab Target 2045 Fund (SWMRX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
SWMRX is managed by Charles Schwab. It was launched on Jan 22, 2013. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Performance
SWMRX vs. SWLGX - Performance Comparison
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SWMRX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | -3.79% | 18.84% | 13.37% | 20.10% | -19.24% | 16.85% | 14.95% | 23.95% | -9.82% | 0.34% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -13.06% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Returns By Period
In the year-to-date period, SWMRX achieves a -3.79% return, which is significantly higher than SWLGX's -13.06% return.
SWMRX
- 1D
- -0.22%
- 1M
- -8.20%
- YTD
- -3.79%
- 6M
- -1.16%
- 1Y
- 15.04%
- 3Y*
- 13.38%
- 5Y*
- 7.05%
- 10Y*
- 9.44%
SWLGX
- 1D
- -0.46%
- 1M
- -8.63%
- YTD
- -13.06%
- 6M
- -12.07%
- 1Y
- 14.45%
- 3Y*
- 19.67%
- 5Y*
- 11.90%
- 10Y*
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SWMRX vs. SWLGX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than SWLGX's 0.04% 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. SWLGX — Risk / Return Rank
SWMRX
SWLGX
SWMRX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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 | SWLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.66 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.10 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.72 | +0.61 |
Martin ratioReturn relative to average drawdown | 6.07 | 2.51 | +3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWMRX | SWLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.66 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.56 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.68 | -0.05 |
Correlation
The correlation between SWMRX and SWLGX is 0.87, 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. SWLGX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 5.38%, more than SWLGX's 0.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | 5.38% | 5.18% | 3.14% | 2.98% | 7.88% | 5.18% | 2.45% | 5.46% | 6.63% | 2.79% | 5.28% | 5.76% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.52% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWMRX vs. SWLGX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -30.41%, smaller than the maximum SWLGX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for SWMRX and SWLGX.
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Drawdown Indicators
| SWMRX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -32.69% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -16.16% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -32.69% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -30.41% | — | — |
Current DrawdownCurrent decline from peak | -8.62% | -16.16% | +7.54% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -7.13% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 4.62% | -2.39% |
Volatility
SWMRX vs. SWLGX - Volatility Comparison
The current volatility for Schwab Target 2045 Fund (SWMRX) is 4.53%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 5.38%. This indicates that SWMRX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMRX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 5.38% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 11.82% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 22.31% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 21.47% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 22.78% | -7.32% |