SWPRX vs. SWTSX

Last updated Aug 5, 2026

SWPRX (Schwab Target 2060 Fund) and SWTSX (Schwab Total Stock Market Index Fund) are both mutual funds - SWPRX is a Target Retirement Date fund managed by Charles Schwab, while SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index. Over the past 5 years, SWPRX returned 8.98%/yr vs 12.04%/yr for SWTSX. Their 0.95 correlation means they have historically moved very closely together. SWPRX charges 0.00%/yr vs 0.03%/yr for SWTSX.

Performance

SWPRX vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2060 Fund (SWPRX) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SWPRX having a 11.75% return and SWTSX slightly higher at 12.14%.

SWPRX

• 1D: 1.10%
• 1M: 1.00%
• 6M: 7.92%
• YTD: 11.75%
• 1Y: 22.16%
• 3Y*: 17.75%
• 5Y*: 8.98%
• 10Y*: —
• ALL TIME*: 11.25%

SWTSX

• 1D: 1.49%
• 1M: 1.27%
• 6M: 10.66%
• YTD: 12.14%
• 1Y: 21.62%
• 3Y*: 20.37%
• 5Y*: 12.04%
• 10Y*: 14.59%
• ALL TIME*: 8.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SWPRX Schwab Target 2060 Fund	$0.00	$0.00	$0.00
SWTSX Schwab Total Stock Market Index Fund	$0.00	$0.00	$0.00

SWPRX vs. SWTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWPRX Schwab Target 2060 Fund	11.75%	20.66%	14.28%	21.13%	-20.24%	18.59%	15.58%	25.05%	-10.61%	21.77%
SWTSX Schwab Total Stock Market Index Fund	12.14%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between SWPRX and SWTSX is 0.96 - 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.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.95

The correlation between SWPRX and SWTSX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

SWPRX vs. SWTSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWPRX

SWPRX Risk / Return Rank: 73
SWPRX Sharpe Ratio Rank: 74
SWPRX Sortino Ratio Rank: 69
SWPRX Omega Ratio Rank: 70
SWPRX Calmar Ratio Rank: 72
SWPRX Martin Ratio Rank: 80

SWTSX

SWTSX Risk / Return Rank: 74
SWTSX Sharpe Ratio Rank: 73
SWTSX Sortino Ratio Rank: 69
SWTSX Omega Ratio Rank: 68
SWTSX Calmar Ratio Rank: 77
SWTSX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWPRX vs. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2060 Fund (SWPRX) and Schwab Total Stock Market Index Fund (SWTSX). 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.

	SWPRX	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.79	+0.03
Sortino ratio: Return per unit of downside risk	2.52	2.47	+0.05
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.51	2.65	-0.15
Martin ratio: Return relative to average drawdown	10.64	11.39	-0.75

SWPRX vs. SWTSX - Sharpe Ratio Comparison

The current SWPRX Sharpe Ratio is 1.82, which is comparable to the SWTSX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of SWPRX and SWTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWPRX vs. SWTSX - Drawdown Comparison

The maximum SWPRX drawdown since its inception was -32.94%, smaller than the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for SWPRX and SWTSX.

Drawdown Indicators

	SWPRX	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-32.94%	-54.60%	+21.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-8.88%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	-15.77%	-19.43%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-30.97%	-25.40%	-5.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.01%	—
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-6.36%	-10.51%	+4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.07%	+0.18%

Volatility

SWPRX vs. SWTSX - Volatility Comparison

Schwab Target 2060 Fund (SWPRX) and Schwab Total Stock Market Index Fund (SWTSX) have volatilities of 3.87% and 3.82%, 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.

Volatility by Period

	SWPRX	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.82%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	10.39%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	13.19%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	17.56%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	18.61%	-1.82%

SWPRX vs. SWTSX - Expense Ratio Comparison

SWPRX has a 0.00% expense ratio, which is lower than SWTSX's 0.03% 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

SWPRX vs. SWTSX - Dividend Comparison

SWPRX's dividend yield for the trailing twelve months is around 3.37%, more than SWTSX's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWPRX Schwab Target 2060 Fund	3.37%	3.76%	3.11%	3.30%	6.08%	4.64%	1.79%	4.29%	5.07%	2.55%	0.00%	0.00%
SWTSX Schwab Total Stock Market Index Fund	0.98%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both SWPRX and SWTSX in my portfolio?

With a correlation of 0.96, SWPRX and SWTSX 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, SWPRX or SWTSX?

SWPRX has higher volatility (3.87%) compared to SWTSX (3.82%). In terms of maximum drawdown, SWPRX dropped -32.94% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

SWPRX currently has the higher Sharpe Ratio (1.82 vs 1.79), 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.