SWYBX vs. FIKFX
SWYBX (Schwab Target 2015 Index Fund) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds. Over the past 5 years, SWYBX returned 4.48%/yr vs 2.72%/yr for FIKFX. Their correlation of 0.87 means they have usually moved in the same direction. SWYBX charges 0.04%/yr vs 0.12%/yr for FIKFX.
Performance
SWYBX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYBX achieves a 4.45% return, which is significantly higher than FIKFX's 3.28% return.
SWYBX
- 1D
- 0.71%
- 1M
- -0.56%
- 6M
- 3.30%
- YTD
- 4.45%
- 1Y
- 9.96%
- 3Y*
- 9.32%
- 5Y*
- 4.48%
- 10Y*
- —
- ALL TIME*
- 6.07%
FIKFX
- 1D
- 0.56%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 6.88%
- 5Y*
- 2.72%
- 10Y*
- 4.02%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWYBX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYBX Schwab Target 2015 Index Fund | 4.45% | 11.88% | 7.59% | 12.68% | -13.59% | 7.67% | 10.93% | 14.99% | -2.59% | 9.85% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between SWYBX and FIKFX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.87 |
The correlation between SWYBX and FIKFX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
SWYBX vs. FIKFX — Risk / Return Rank
SWYBX
FIKFX
SWYBX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Index Fund (SWYBX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.
| SWYBX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.20 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.43 | 9.13 | +0.30 |
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Drawdowns
SWYBX vs. FIKFX - Drawdown Comparison
The maximum SWYBX drawdown since its inception was -20.49%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for SWYBX and FIKFX.
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Drawdown Indicators
| SWYBX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -15.03% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -3.32% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.37% | -3.82% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -15.03% | -5.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.03% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.87% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -1.71% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.80% | +0.23% |
Volatility
SWYBX vs. FIKFX - Volatility Comparison
Schwab Target 2015 Index Fund (SWYBX) has a higher volatility of 1.62% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.38%. This indicates that SWYBX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYBX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.38% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 3.85% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 4.44% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 5.21% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 4.48% | +3.34% |
SWYBX vs. FIKFX - Expense Ratio Comparison
SWYBX has a 0.04% expense ratio, which is lower than FIKFX's 0.12% 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
SWYBX vs. FIKFX - Dividend Comparison
SWYBX's dividend yield for the trailing twelve months is around 4.33%, more than FIKFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
SWYBX Schwab Target 2015 Index Fund | 4.33% | 4.52% | 3.67% | 2.38% | 2.61% | 2.74% | 2.32% | 2.23% | 1.77% | 1.44% | 0.78% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SWYBX and FIKFX 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.
SWYBX has higher volatility (1.62%) compared to FIKFX (1.38%). In terms of maximum drawdown, SWYBX dropped -20.49% vs FIKFX's -15.03%.
FIKFX currently has the higher Sharpe Ratio (1.65 vs 1.62), 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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