SWPPX vs. SWYOX
Compare and contrast key facts about Schwab S&P 500 Index Fund (SWPPX) and Schwab Target 2065 Index Fund (SWYOX).
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. SWYOX is managed by Charles Schwab. It was launched on Feb 24, 2021.
Performance
SWPPX vs. SWYOX - Performance Comparison
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SWPPX vs. SWYOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 26.13% |
SWYOX Schwab Target 2065 Index Fund | -3.97% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
Returns By Period
In the year-to-date period, SWPPX achieves a -7.07% return, which is significantly lower than SWYOX's -3.97% return.
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%
SWYOX
- 1D
- -0.28%
- 1M
- -8.53%
- YTD
- -3.97%
- 6M
- -1.17%
- 1Y
- 16.64%
- 3Y*
- 14.89%
- 5Y*
- 8.38%
- 10Y*
- —
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SWPPX vs. SWYOX - Expense Ratio Comparison
SWPPX has a 0.02% expense ratio, which is lower than SWYOX'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
SWPPX vs. SWYOX — Risk / Return Rank
SWPPX
SWYOX
SWPPX vs. SWYOX - 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 2065 Index Fund (SWYOX). 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.
| SWPPX | SWYOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.03 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.53 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.29 | -0.23 |
Martin ratioReturn relative to average drawdown | 5.14 | 6.19 | -1.06 |
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
| SWPPX | SWYOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.03 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.54 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.58 | -0.10 |
Correlation
The correlation between SWPPX and SWYOX is 0.94, 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
SWPPX vs. SWYOX - Dividend Comparison
SWPPX's dividend yield for the trailing twelve months is around 1.19%, less than SWYOX's 1.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWYOX Schwab Target 2065 Index Fund | 1.95% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWPPX vs. SWYOX - Drawdown Comparison
The maximum SWPPX drawdown since its inception was -55.06%, which is greater than SWYOX's maximum drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for SWPPX and SWYOX.
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Drawdown Indicators
| SWPPX | SWYOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -26.02% | -29.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -11.64% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -26.02% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -8.89% | -9.13% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -5.88% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.43% | +0.06% |
Volatility
SWPPX vs. SWYOX - Volatility Comparison
The current volatility for Schwab S&P 500 Index Fund (SWPPX) is 4.29%, while Schwab Target 2065 Index Fund (SWYOX) has a volatility of 5.01%. This indicates that SWPPX experiences smaller price fluctuations and is considered to be less risky than SWYOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPPX | SWYOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.01% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 9.01% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 16.38% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 15.47% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 15.45% | +2.74% |