SWOBX vs. SWYEX
SWOBX (Schwab Balanced Fund™) and SWYEX (Schwab Target 2030 Index Fund) are both mutual funds - SWOBX is a Diversified Portfolio fund managed by Charles Schwab, while SWYEX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, SWOBX returned 5.64%/yr vs 6.48%/yr for SWYEX. Their 0.96 correlation means they have historically moved very closely together. SWOBX charges 0.51%/yr vs 0.04%/yr for SWYEX.
Performance
SWOBX vs. SWYEX - Performance Comparison
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Returns By Period
In the year-to-date period, SWOBX achieves a 4.03% return, which is significantly lower than SWYEX's 6.64% return.
SWOBX
- 1D
- 1.25%
- 1M
- -0.80%
- 6M
- 2.88%
- YTD
- 4.03%
- 1Y
- 11.56%
- 3Y*
- 11.08%
- 5Y*
- 5.64%
- 10Y*
- 8.41%
- ALL TIME*
- 7.16%
SWYEX
- 1D
- 1.02%
- 1M
- -0.53%
- 6M
- 4.86%
- YTD
- 6.64%
- 1Y
- 14.17%
- 3Y*
- 12.06%
- 5Y*
- 6.48%
- 10Y*
- —
- ALL TIME*
- 8.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWOBX vs. SWYEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | 4.03% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
SWYEX Schwab Target 2030 Index Fund | 6.64% | 14.82% | 10.38% | 16.65% | -15.68% | 12.58% | 13.17% | 20.88% | -5.07% | 16.22% |
Correlation
The correlation between SWOBX and SWYEX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.96 |
The correlation between SWOBX and SWYEX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
SWOBX vs. SWYEX — Risk / Return Rank
SWOBX
SWYEX
SWOBX vs. SWYEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Schwab Target 2030 Index Fund (SWYEX). 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.
| SWOBX | SWYEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.25 | -0.65 |
| Martin ratioReturn relative to average drawdown | 6.48 | 9.67 | -3.19 |
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Drawdowns
SWOBX vs. SWYEX - Drawdown Comparison
The maximum SWOBX drawdown since its inception was -35.99%, which is greater than SWYEX's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for SWOBX and SWYEX.
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Drawdown Indicators
| SWOBX | SWYEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -23.23% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -5.92% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.72% | -9.70% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -22.03% | -6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -28.30% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -1.05% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -3.63% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.38% | +0.25% |
Volatility
SWOBX vs. SWYEX - Volatility Comparison
Schwab Balanced Fund™ (SWOBX) has a higher volatility of 2.69% compared to Schwab Target 2030 Index Fund (SWYEX) at 2.18%. This indicates that SWOBX's price experiences larger fluctuations and is considered to be riskier than SWYEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWOBX | SWYEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.18% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 6.73% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.37% | 8.16% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 10.95% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 11.50% | +1.40% |
SWOBX vs. SWYEX - Expense Ratio Comparison
SWOBX has a 0.51% expense ratio, which is higher than SWYEX's 0.04% expense ratio.
Dividends
SWOBX vs. SWYEX - Dividend Comparison
SWOBX's dividend yield for the trailing twelve months is around 5.26%, more than SWYEX's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWOBX Schwab Balanced Fund™ | 5.26% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
SWYEX Schwab Target 2030 Index Fund | 2.35% | 2.51% | 2.60% | 2.28% | 2.14% | 1.85% | 1.72% | 1.92% | 2.23% | 1.31% | 1.02% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SWOBX and SWYEX 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.
SWOBX has higher volatility (2.69%) compared to SWYEX (2.18%). In terms of maximum drawdown, SWOBX dropped -35.99% vs SWYEX's -23.23%.
SWYEX currently has the higher Sharpe Ratio (1.64 vs 1.13), 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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