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SWTSX vs. SWYHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWTSX vs. SWYHX

Last updated Jun 4, 2026

SWTSX (Schwab Total Stock Market Index Fund) and SWYHX (Schwab Target 2045 Index Fund) are both mutual funds - SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index, while SWYHX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, SWTSX returned 13.04%/yr vs 9.68%/yr for SWYHX. With a 0.96 correlation, they move nearly in lockstep. SWTSX charges 0.03%/yr vs 0.04%/yr for SWYHX.

Performance

SWTSX vs. SWYHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Total Stock Market Index Fund (SWTSX) and Schwab Target 2045 Index Fund (SWYHX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWTSX achieves a 12.02% return, which is significantly higher than SWYHX's 11.33% return.

SWTSX

1D
0.22%
1M
5.76%
YTD
12.02%
6M
11.94%
1Y
29.06%
3Y*
22.36%
5Y*
13.04%
10Y*
15.07%

SWYHX

1D
0.30%
1M
4.71%
YTD
11.33%
6M
11.84%
1Y
25.55%
3Y*
18.34%
5Y*
9.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWTSX vs. SWYHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWTSX
Schwab Total Stock Market Index Fund		12.02%17.04%23.84%26.05%-19.54%25.65%20.71%30.90%-5.35%21.08%
SWYHX
Schwab Target 2045 Index Fund		11.33%18.65%13.72%20.34%-17.37%17.04%14.50%24.80%-7.28%20.07%

Correlation

The correlation between SWTSX and SWYHX is 0.96 - 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

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Aug 31, 2016

0.96

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

SWTSX vs. SWYHX - Sectors Allocation Comparison

Sectors
SWTSX
SWYHX

Technology

33.8%
27.1%

Financial Services

12.1%
15.1%

Communication Services

10.3%
7.6%

Consumer Cyclical

10.1%
8.9%

Industrials

9.6%
11.2%

Healthcare

9.1%
7.8%

Consumer Defensive

4.7%
4.6%

Energy

3.7%
4.0%

Real Estate

2.4%
7.5%

Utilities

2.3%
2.5%

Basic Materials

2.1%
3.7%

Technology

SWTSX
33.8%
SWYHX
27.1%

Financial Services

SWTSX
12.1%
SWYHX
15.1%

Communication Services

SWTSX
10.3%
SWYHX
7.6%

Consumer Cyclical

SWTSX
10.1%
SWYHX
8.9%

Industrials

SWTSX
9.6%
SWYHX
11.2%

Healthcare

SWTSX
9.1%
SWYHX
7.8%

Consumer Defensive

SWTSX
4.7%
SWYHX
4.6%

Energy

SWTSX
3.7%
SWYHX
4.0%

Real Estate

SWTSX
2.4%
SWYHX
7.5%

Utilities

SWTSX
2.3%
SWYHX
2.5%

Basic Materials

SWTSX
2.1%
SWYHX
3.7%

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Schwab Total Stock Market Index Fund

Schwab Target 2045 Index Fund

Often compared with SWTSX:
SWTSX vs. SWPPXSWTSX vs. VTSAXSWTSX vs. SCHBSWTSX vs. VTISWTSX vs. SWISXSWTSX vs. SWLGXSWTSX vs. SCHD
Often compared with SWYHX:
SWYHX vs. VTIVXSWYHX vs. SWPPXSWYHX vs. SWMRXSWYHX vs. SWYEXSWYHX vs. TRRKXSWYHX vs. SWNRXSWYHX vs. SWVXX

Return for Risk

SWTSX vs. SWYHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWTSX
SWTSX Risk / Return Rank: 7171
Overall Rank
SWTSX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SWTSX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SWTSX Omega Ratio Rank: 6363
Omega Ratio Rank
SWTSX Calmar Ratio Rank: 7575
Calmar Ratio Rank
SWTSX Martin Ratio Rank: 8282
Martin Ratio Rank
SWYHX
SWYHX Risk / Return Rank: 6969
Overall Rank
SWYHX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SWYHX Sortino Ratio Rank: 6868
Sortino Ratio Rank
SWYHX Omega Ratio Rank: 6464
Omega Ratio Rank
SWYHX Calmar Ratio Rank: 6969
Calmar Ratio Rank
SWYHX Martin Ratio Rank: 7676
Martin Ratio Rank
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.

SWTSX vs. SWYHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Total Stock Market Index Fund (SWTSX) and Schwab Target 2045 Index Fund (SWYHX). 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.

SWTSXSWYHXDifference
Sharpe ratioReturn per unit of total volatility
2.45
2.45

+0.01

Sortino ratioReturn per unit of downside risk
3.33
3.42

-0.09

Omega ratioGain probability vs. loss probability

1.44

1.45

0.00

Calmar ratioReturn relative to maximum drawdown

3.38

3.19

+0.19

Martin ratioReturn relative to average drawdown

15.52

14.32

+1.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWTSX vs. SWYHX - Sharpe Ratio Comparison

The current SWTSX Sharpe Ratio is 2.45, which is comparable to the SWYHX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of SWTSX and SWYHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWTSXSWYHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.45

2.45

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.69

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.75

-0.31

Drawdowns

SWTSX vs. SWYHX - Drawdown Comparison

The maximum SWTSX drawdown since its inception was -54.60%, which is greater than SWYHX's maximum drawdown of -29.41%. Use the drawdown chart below to compare losses from any high point for SWTSX and SWYHX.

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Drawdown Indicators

SWTSXSWYHXDifference

Max Drawdown

Largest peak-to-trough decline

-54.60%

-29.41%

-25.19%

Max Drawdown (1Y)

Largest decline over 1 year

-8.88%

-8.14%

-0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-19.43%

-14.14%

-5.29%

Max Drawdown (5Y)

Largest decline over 5 years

-25.40%

-24.92%

-0.48%

Max Drawdown (10Y)

Largest decline over 10 years

-35.01%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-10.57%

-4.38%

-6.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.81%

+0.12%

Volatility

SWTSX vs. SWYHX - Volatility Comparison

The current volatility for Schwab Total Stock Market Index Fund (SWTSX) is 2.96%, while Schwab Target 2045 Index Fund (SWYHX) has a volatility of 3.22%. This indicates that SWTSX experiences smaller price fluctuations and is considered to be less risky than SWYHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWTSXSWYHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

3.22%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

8.41%

+0.80%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

10.63%

+1.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

14.09%

+3.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.61%

15.01%

+3.60%

SWTSX vs. SWYHX - Expense Ratio Comparison

SWTSX has a 0.03% expense ratio, which is lower than SWYHX'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

SWTSX vs. SWYHX - Dividend Comparison

SWTSX's dividend yield for the trailing twelve months is around 0.98%, less than SWYHX's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SWYHX
Schwab Target 2045 Index Fund		1.87%2.08%2.13%2.02%1.98%1.80%1.65%1.96%2.23%1.42%1.05%0.00%

Frequently Asked Questions

With a correlation of 0.96, SWTSX and SWYHX 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.

SWYHX has higher volatility (3.22%) compared to SWTSX (2.96%). In terms of maximum drawdown, SWTSX dropped -54.60% vs SWYHX's -29.41%.

SWTSX currently has the higher Sharpe Ratio (2.45 vs 2.45), 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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