SWMRX vs. SWPPX
Compare and contrast key facts about Schwab Target 2045 Fund (SWMRX) and Schwab S&P 500 Index Fund (SWPPX).
SWMRX is managed by Charles Schwab. It was launched on Jan 22, 2013. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
SWMRX vs. SWPPX - Performance Comparison
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SWMRX vs. SWPPX - 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% | 21.39% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, SWMRX achieves a -3.79% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, SWMRX has underperformed SWPPX with an annualized return of 9.44%, while SWPPX has yielded a comparatively higher 13.71% annualized 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%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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SWMRX vs. SWPPX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than SWPPX's 0.02% 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. SWPPX — Risk / Return Rank
SWMRX
SWPPX
SWMRX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.84 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.30 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.06 | +0.27 |
Martin ratioReturn relative to average drawdown | 6.07 | 5.14 | +0.93 |
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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.84 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.68 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.76 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.48 | +0.14 |
Correlation
The correlation between SWMRX and SWPPX is 0.95, 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. SWPPX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 5.38%, more than SWPPX's 1.19% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
SWMRX vs. SWPPX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -30.41%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWMRX and SWPPX.
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Drawdown Indicators
| SWMRX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -55.06% | +24.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -12.10% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -24.51% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -30.41% | -33.80% | +3.39% |
Current DrawdownCurrent decline from peak | -8.62% | -8.89% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.00% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.49% | -0.26% |
Volatility
SWMRX vs. SWPPX - Volatility Comparison
Schwab Target 2045 Fund (SWMRX) has a higher volatility of 4.53% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.29%. This indicates that SWMRX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMRX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 4.29% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 9.11% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 18.14% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 16.89% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 18.19% | -2.73% |