SWORX vs. SWHRX

Last updated Jun 3, 2026

SWORX (Schwab Target 2055 Fund) and SWHRX (Schwab Target 2025 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 10 years, SWORX returned 11.31%/yr vs 7.44%/yr for SWHRX. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.00% expense ratio.

Performance

SWORX vs. SWHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2055 Fund (SWORX) and Schwab Target 2025 Fund (SWHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWORX achieves a 11.40% return, which is significantly higher than SWHRX's 5.05% return. Over the past 10 years, SWORX has outperformed SWHRX with an annualized return of 11.31%, while SWHRX has yielded a comparatively lower 7.44% annualized return.

SWORX

• 1D: 0.23%
• 1M: 4.12%
• YTD: 11.40%
• 6M: 12.59%
• 1Y: 26.98%
• 3Y*: 18.82%
• 5Y*: 9.26%
• 10Y*: 11.31%

SWHRX

• 1D: 0.00%
• 1M: 1.85%
• YTD: 5.05%
• 6M: 5.56%
• 1Y: 14.17%
• 3Y*: 11.33%
• 5Y*: 5.20%
• 10Y*: 7.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWORX vs. SWHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWORX Schwab Target 2055 Fund	11.40%	20.10%	14.04%	20.77%	-19.88%	18.22%	15.33%	25.61%	-10.25%	21.38%
SWHRX Schwab Target 2025 Fund	5.05%	12.70%	8.78%	14.29%	-15.90%	10.31%	12.55%	18.66%	-6.00%	15.57%

Correlation

The correlation between SWORX and SWHRX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 24, 2013	0.97

The correlation between SWORX and SWHRX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

SWORX vs. SWHRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWORX

SWORX Risk / Return Rank: 62
SWORX Sharpe Ratio Rank: 64
SWORX Sortino Ratio Rank: 59
SWORX Omega Ratio Rank: 59
SWORX Calmar Ratio Rank: 58
SWORX Martin Ratio Rank: 67

SWHRX

SWHRX Risk / Return Rank: 61
SWHRX Sharpe Ratio Rank: 62
SWHRX Sortino Ratio Rank: 64
SWHRX Omega Ratio Rank: 62
SWHRX Calmar Ratio Rank: 52
SWHRX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWORX vs. SWHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2055 Fund (SWORX) and Schwab Target 2025 Fund (SWHRX). 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.

	SWORX	SWHRX	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.32	+0.03
Sortino ratio Return per unit of downside risk	3.25	3.36	-0.12
Omega ratio Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio Return relative to maximum drawdown	2.95	2.80	+0.15
Martin ratio Return relative to average drawdown	13.03	12.40	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWORX vs. SWHRX - Sharpe Ratio Comparison

The current SWORX Sharpe Ratio is 2.35, which is comparable to the SWHRX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SWORX and SWHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWORX	SWHRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.32	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.48	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.71	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.56	+0.12

Drawdowns

SWORX vs. SWHRX - Drawdown Comparison

The maximum SWORX drawdown since its inception was -32.13%, smaller than the maximum SWHRX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SWORX and SWHRX.

Drawdown Indicators

	SWORX	SWHRX	Difference
Max Drawdown Largest peak-to-trough decline	-32.13%	-37.97%	+5.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-5.18%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-7.77%	-7.73%
Max Drawdown (5Y) Largest decline over 5 years	-31.07%	-26.06%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-32.13%	-26.06%	-6.07%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.53%	-5.34%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.17%	+0.96%

Volatility

SWORX vs. SWHRX - Volatility Comparison

Schwab Target 2055 Fund (SWORX) has a higher volatility of 3.44% compared to Schwab Target 2025 Fund (SWHRX) at 2.04%. This indicates that SWORX's price experiences larger fluctuations and is considered to be riskier than SWHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWORX	SWHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	2.04%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	4.99%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	6.21%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	10.92%	+5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	10.50%	+6.16%

SWORX vs. SWHRX - Expense Ratio Comparison

SWORX has a 0.00% expense ratio, which is lower than SWHRX's 0.00% 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%.

Dividends

SWORX vs. SWHRX - Dividend Comparison

SWORX's dividend yield for the trailing twelve months is around 3.97%, less than SWHRX's 9.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWHRX Schwab Target 2025 Fund	9.65%	10.13%	7.82%	5.19%	5.72%	6.41%	2.94%	5.47%	5.95%	3.78%	5.31%	7.05%
SWORX Schwab Target 2055 Fund	3.97%	4.43%	3.44%	3.31%	8.42%	5.25%	2.23%	5.15%	6.43%	2.74%	5.19%	5.85%

Frequently Asked Questions

Can I hold both SWORX and SWHRX in my portfolio?

With a correlation of 0.95, SWORX and SWHRX 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.

Which is riskier, SWORX or SWHRX?

SWORX has higher volatility (3.44%) compared to SWHRX (2.04%). In terms of maximum drawdown, SWORX dropped -32.13% vs SWHRX's -37.97%.

Which has better risk-adjusted returns?

SWORX currently has the higher Sharpe Ratio (2.35 vs 2.32), 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.