SWPPX vs. SWYNX
SWPPX (Schwab S&P 500 Index Fund) and SWYNX (Schwab Target 2060 Index Fund) are both mutual funds - SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while SWYNX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, SWPPX returned 13.13%/yr vs 10.30%/yr for SWYNX. Their correlation of 0.95 suggests significant overlap in exposure. SWPPX charges 0.02%/yr vs 0.04%/yr for SWYNX.
Performance
SWPPX vs. SWYNX - Performance Comparison
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Returns By Period
In the year-to-date period, SWPPX achieves a 8.21% return, which is significantly lower than SWYNX's 10.54% return.
SWPPX
- 1D
- -1.40%
- 1M
- -1.30%
- YTD
- 8.21%
- 6M
- 6.93%
- 1Y
- 22.35%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.60%
SWYNX
- 1D
- -1.70%
- 1M
- 0.00%
- YTD
- 10.54%
- 6M
- 9.53%
- 1Y
- 23.35%
- 3Y*
- 19.71%
- 5Y*
- 10.30%
- 10Y*
- —
SWPPX vs. SWYNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 8.21% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
SWYNX Schwab Target 2060 Index Fund | 10.54% | 20.19% | 14.71% | 23.96% | -17.93% | 18.84% | 14.88% | 26.10% | -9.98% | 20.36% |
Correlation
The correlation between SWPPX and SWYNX 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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.95 |
The correlation between SWPPX and SWYNX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SWPPX vs. SWYNX — Risk / Return Rank
SWPPX
SWYNX
SWPPX vs. SWYNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) and Schwab Target 2060 Index Fund (SWYNX). 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.
| SWPPX | SWYNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.77 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.02 | 12.13 | -0.11 |
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Drawdowns
SWPPX vs. SWYNX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, which is greater than SWYNX's maximum drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for SWPPX and SWYNX.
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Drawdown Indicators
| SWPPX | SWYNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -31.91% | -23.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -9.01% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -15.75% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -25.90% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -2.09% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -4.86% | -5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.06% | -0.08% |
Volatility
SWPPX vs. SWYNX - Volatility Comparison
Schwab S&P 500 Index Fund (SWPPX) and Schwab Target 2060 Index Fund (SWYNX) have volatilities of 4.94% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | SWYNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.08% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 10.47% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 12.66% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 15.52% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 16.62% | +1.62% |
SWPPX vs. SWYNX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than SWYNX'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%.
Dividends
SWPPX vs. SWYNX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.03%, less than SWYNX's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | 1.03% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
SWYNX Schwab Target 2060 Index Fund | 1.74% | 1.92% | 1.97% | 4.00% | 1.96% | 1.77% | 1.66% | 1.99% | 0.00% | 1.45% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SWPPX and SWYNX 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.
SWYNX has higher volatility (5.08%) compared to SWPPX (4.94%). In terms of maximum drawdown, SWPPX dropped -55.06% vs SWYNX's -31.91%.
SWYNX currently has the higher Sharpe Ratio (1.98 vs 1.90), 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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