SWMRX vs. SWSSX
Compare and contrast key facts about Schwab Target 2045 Fund (SWMRX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SWMRX is managed by Charles Schwab. It was launched on Jan 22, 2013. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
SWMRX vs. SWSSX - Performance Comparison
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SWMRX vs. SWSSX - 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, SWMRX achieves a -3.79% return, which is significantly lower than SWSSX's -2.49% return. Both investments have delivered pretty close results over the past 10 years, with SWMRX having a 9.44% annualized return and SWSSX not far ahead at 9.50%.
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%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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SWMRX vs. SWSSX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than SWSSX'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. SWSSX — Risk / Return Rank
SWMRX
SWSSX
SWMRX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.91 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.40 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.33 | 0.00 |
Martin ratioReturn relative to average drawdown | 6.07 | 5.02 | +1.05 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.91 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.14 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.40 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.33 | +0.29 |
Correlation
The correlation between SWMRX and SWSSX is 0.86, 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. SWSSX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 5.38%, more than SWSSX's 1.32% 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SWMRX vs. SWSSX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -30.41%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SWMRX and SWSSX.
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Drawdown Indicators
| SWMRX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -60.34% | +29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -13.90% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -31.93% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -30.41% | -41.81% | +11.40% |
Current DrawdownCurrent decline from peak | -8.62% | -11.00% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.78% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.68% | -1.45% |
Volatility
SWMRX vs. SWSSX - Volatility Comparison
The current volatility for Schwab Target 2045 Fund (SWMRX) is 4.53%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that SWMRX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMRX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 6.59% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 14.12% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 23.11% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 22.57% | -7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 24.03% | -8.57% |