SPY vs. SWPRX
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Schwab Target 2060 Fund (SWPRX).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. SWPRX is managed by Charles Schwab. It was launched on Aug 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPY or SWPRX.
Key characteristics
| SPY | SWPRX | |
|---|---|---|
| YTD Return | 27.04% | 17.80% |
| 1Y Return | 39.75% | 31.14% |
| 3Y Return (Ann) | 10.21% | 4.13% |
| 5Y Return (Ann) | 15.93% | 10.25% |
| Sharpe Ratio | 3.15 | 2.55 |
| Sortino Ratio | 4.19 | 3.37 |
| Omega Ratio | 1.59 | 1.52 |
| Calmar Ratio | 4.60 | 2.16 |
| Martin Ratio | 20.85 | 17.28 |
| Ulcer Index | 1.85% | 1.75% |
| Daily Std Dev | 12.29% | 11.84% |
| Max Drawdown | -55.19% | -34.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPY and SWPRX is 0.93, 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.
Performance
SPY vs. SWPRX - Performance Comparison
In the year-to-date period, SPY achieves a 27.04% return, which is significantly higher than SWPRX's 17.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPY vs. SWPRX - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is higher than SWPRX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPY vs. SWPRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and Schwab Target 2060 Fund (SWPRX). 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.
Dividends
SPY vs. SWPRX - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.17%, less than SWPRX's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
SWPRX Schwab Target 2060 Fund | 1.56% | 1.84% | 1.65% | 2.93% | 0.94% | 1.82% | 2.58% | 2.42% | 1.11% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPY vs. SWPRX - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than SWPRX's maximum drawdown of -34.43%. Use the drawdown chart below to compare losses from any high point for SPY and SWPRX. For additional features, visit the drawdowns tool.
Volatility
SPY vs. SWPRX - Volatility Comparison
SPDR S&P 500 ETF (SPY) has a higher volatility of 3.95% compared to Schwab Target 2060 Fund (SWPRX) at 3.17%. This indicates that SPY's price experiences larger fluctuations and is considered to be riskier than SWPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.