SWYBX vs. SWPPX
Compare and contrast key facts about Schwab Target 2015 Index Fund (SWYBX) and Schwab S&P 500 Index Fund (SWPPX).
SWYBX is managed by Charles Schwab. It was launched on Aug 24, 2016. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
SWYBX vs. SWPPX - Performance Comparison
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SWYBX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYBX Schwab Target 2015 Index Fund | -1.85% | 11.88% | 7.59% | 12.68% | -13.59% | 7.67% | 10.93% | 14.99% | -2.59% | 9.85% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, SWYBX achieves a -1.85% return, which is significantly higher than SWPPX's -7.07% return.
SWYBX
- 1D
- 0.15%
- 1M
- -4.27%
- YTD
- -1.85%
- 6M
- -0.18%
- 1Y
- 8.68%
- 3Y*
- 8.36%
- 5Y*
- 4.24%
- 10Y*
- —
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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SWYBX vs. SWPPX - Expense Ratio Comparison
SWYBX has a 0.04% expense ratio, which is higher than SWPPX's 0.02% 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%.
Return for Risk
SWYBX vs. SWPPX — Risk / Return Rank
SWYBX
SWPPX
SWYBX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Index Fund (SWYBX) and Schwab S&P 500 Index Fund (SWPPX). 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.
| SWYBX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.84 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.30 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.06 | +0.57 |
Martin ratioReturn relative to average drawdown | 7.25 | 5.14 | +2.11 |
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
| SWYBX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.84 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.68 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.48 | +0.24 |
Correlation
The correlation between SWYBX and SWPPX is 0.87, 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
SWYBX vs. SWPPX - Dividend Comparison
SWYBX's dividend yield for the trailing twelve months is around 4.60%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYBX Schwab Target 2015 Index Fund | 4.60% | 4.52% | 3.67% | 2.38% | 2.61% | 2.74% | 2.32% | 2.23% | 1.77% | 1.44% | 0.78% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
SWYBX vs. SWPPX - Drawdown Comparison
The maximum SWYBX drawdown since its inception was -20.49%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for SWYBX and SWPPX.
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Drawdown Indicators
| SWYBX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -55.06% | +34.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -12.10% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -24.51% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.80% | — |
Current DrawdownCurrent decline from peak | -4.34% | -8.89% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -10.00% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.49% | -1.32% |
Volatility
SWYBX vs. SWPPX - Volatility Comparison
The current volatility for Schwab Target 2015 Index Fund (SWYBX) is 2.48%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that SWYBX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYBX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 4.29% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 9.11% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 18.14% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.10% | 16.89% | -8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 18.19% | -10.34% |