SWYAX vs. FRAMX
Compare and contrast key facts about Schwab Target 2010 Index Fund (SWYAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SWYAX is managed by Charles Schwab. It was launched on Aug 24, 2016. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SWYAX vs. FRAMX - Performance Comparison
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SWYAX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYAX Schwab Target 2010 Index Fund | -1.67% | 11.17% | 7.18% | 11.95% | -13.28% | 6.99% | 10.61% | 14.55% | -2.27% | 9.48% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SWYAX achieves a -1.67% return, which is significantly lower than FRAMX's -0.57% return.
SWYAX
- 1D
- 0.15%
- 1M
- -3.94%
- YTD
- -1.67%
- 6M
- -0.10%
- 1Y
- 8.08%
- 3Y*
- 7.88%
- 5Y*
- 3.92%
- 10Y*
- —
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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SWYAX vs. FRAMX - Expense Ratio Comparison
SWYAX has a 0.04% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SWYAX vs. FRAMX — Risk / Return Rank
SWYAX
FRAMX
SWYAX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2010 Index Fund (SWYAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SWYAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.50 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.09 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.00 | -0.30 |
Martin ratioReturn relative to average drawdown | 7.38 | 8.06 | -0.68 |
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
| SWYAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.50 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.41 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.49 | +0.22 |
Correlation
The correlation between SWYAX and FRAMX is 0.88, 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
SWYAX vs. FRAMX - Dividend Comparison
SWYAX's dividend yield for the trailing twelve months is around 4.24%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYAX Schwab Target 2010 Index Fund | 4.24% | 4.17% | 3.79% | 2.85% | 2.69% | 2.54% | 1.98% | 2.27% | 2.01% | 1.18% | 0.75% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SWYAX vs. FRAMX - Drawdown Comparison
The maximum SWYAX drawdown since its inception was -19.82%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SWYAX and FRAMX.
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Drawdown Indicators
| SWYAX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.82% | -33.94% | +14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -3.45% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.82% | -16.31% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -4.01% | -3.20% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.87% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.86% | +0.22% |
Volatility
SWYAX vs. FRAMX - Volatility Comparison
Schwab Target 2010 Index Fund (SWYAX) has a higher volatility of 2.30% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that SWYAX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYAX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 1.96% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 2.86% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.59% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.74% | 5.21% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 4.47% | +2.99% |