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SWYBX vs. VWINX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWYBX vs. VWINX

Last updated Jun 4, 2026

SWYBX (Schwab Target 2015 Index Fund) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both mutual funds - SWYBX is a Target Retirement Date fund managed by Charles Schwab, while VWINX is a Diversified Portfolio fund managed by Vanguard. Over the past 5 years, SWYBX returned 5.14%/yr vs 4.14%/yr for VWINX. Their correlation of 0.83 suggests significant overlap in exposure. SWYBX charges 0.04%/yr vs 0.23%/yr for VWINX.

Performance

SWYBX vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2015 Index Fund (SWYBX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWYBX achieves a 5.34% return, which is significantly higher than VWINX's 3.55% return.

SWYBX

1D
0.14%
1M
2.38%
YTD
5.34%
6M
5.46%
1Y
13.87%
3Y*
10.59%
5Y*
5.14%
10Y*
—

VWINX

1D
0.31%
1M
1.24%
YTD
3.55%
6M
3.53%
1Y
11.32%
3Y*
8.86%
5Y*
4.14%
10Y*
5.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWYBX vs. VWINX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWYBX
Schwab Target 2015 Index Fund		5.34%11.88%7.59%12.68%-13.59%7.67%10.93%14.99%-2.59%9.85%
VWINX
Vanguard Wellesley Income Fund Investor Shares		3.55%10.98%5.86%6.99%-9.09%8.48%8.44%16.39%-2.54%9.29%

Correlation

The correlation between SWYBX and VWINX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

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

0.83

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

0.85

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

0.83

The correlation between SWYBX and VWINX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

SWYBX vs. VWINX - Sectors Allocation Comparison

Sectors
SWYBX
VWINX

Technology

27.9%
4.2%

Financial Services

14.1%
7.9%

Industrials

10.9%
3.6%

Consumer Cyclical

8.9%
1.9%

Real Estate

8.2%
1.1%

Communication Services

8.1%
1.1%

Healthcare

8.0%
5.7%

Consumer Defensive

4.7%
3.6%

Energy

3.8%
3.1%

Basic Materials

3.1%
1.4%

Utilities

2.4%
3.6%

Technology

SWYBX
27.9%
VWINX
4.2%

Financial Services

SWYBX
14.1%
VWINX
7.9%

Industrials

SWYBX
10.9%
VWINX
3.6%

Consumer Cyclical

SWYBX
8.9%
VWINX
1.9%

Real Estate

SWYBX
8.2%
VWINX
1.1%

Communication Services

SWYBX
8.1%
VWINX
1.1%

Healthcare

SWYBX
8.0%
VWINX
5.7%

Consumer Defensive

SWYBX
4.7%
VWINX
3.6%

Energy

SWYBX
3.8%
VWINX
3.1%

Basic Materials

SWYBX
3.1%
VWINX
1.4%

Utilities

SWYBX
2.4%
VWINX
3.6%

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Schwab Target 2015 Index Fund

Vanguard Wellesley Income Fund Investor Shares

Often compared with SWYBX:
SWYBX vs. SWYLXSWYBX vs. FFFDXSWYBX vs. VTSWYBX vs. VTINXSWYBX vs. SWTSXSWYBX vs. FNSHXSWYBX vs. FIRMX
Often compared with VWINX:
VWINX vs. VWELXVWINX vs. VTINXVWINX vs. VWENXVWINX vs. VSCGXVWINX vs. SCHDVWINX vs. FFANXVWINX vs. VYM

Return for Risk

SWYBX vs. VWINX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWYBX
SWYBX Risk / Return Rank: 7373
Overall Rank
SWYBX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SWYBX Sortino Ratio Rank: 7575
Sortino Ratio Rank
SWYBX Omega Ratio Rank: 7373
Omega Ratio Rank
SWYBX Calmar Ratio Rank: 6666
Calmar Ratio Rank
SWYBX Martin Ratio Rank: 7575
Martin Ratio Rank
VWINX
VWINX Risk / Return Rank: 5757
Overall Rank
VWINX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VWINX Sortino Ratio Rank: 6262
Sortino Ratio Rank
VWINX Omega Ratio Rank: 5858
Omega Ratio Rank
VWINX Calmar Ratio Rank: 5454
Calmar Ratio Rank
VWINX Martin Ratio Rank: 5252
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.

SWYBX vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Index Fund (SWYBX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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.

SWYBXVWINXDifference
Sharpe ratioReturn per unit of total volatility
2.50
2.29

+0.21

Sortino ratioReturn per unit of downside risk
3.64
3.30

+0.34

Omega ratioGain probability vs. loss probability

1.49

1.42

+0.06

Calmar ratioReturn relative to maximum drawdown

3.15

2.81

+0.34

Martin ratioReturn relative to average drawdown

14.23

10.57

+3.65

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

SWYBX vs. VWINX - Sharpe Ratio Comparison

The current SWYBX Sharpe Ratio is 2.50, which is comparable to the VWINX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SWYBX and VWINX, 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

SWYBXVWINXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

2.29

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.60

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

1.08

-0.28

Drawdowns

SWYBX vs. VWINX - Drawdown Comparison

The maximum SWYBX drawdown since its inception was -20.49%, smaller than the maximum VWINX drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for SWYBX and VWINX.

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Drawdown Indicators

SWYBXVWINXDifference

Max Drawdown

Largest peak-to-trough decline

-20.49%

-21.72%

+1.23%

Max Drawdown (1Y)

Largest decline over 1 year

-4.48%

-4.16%

-0.32%

Max Drawdown (3Y)

Largest decline over 3 years

-6.84%

-6.98%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-20.49%

-15.30%

-5.19%

Max Drawdown (10Y)

Largest decline over 10 years

—

-17.43%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.46%

-2.63%

-0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.99%

1.10%

-0.11%

Volatility

SWYBX vs. VWINX - Volatility Comparison

Schwab Target 2015 Index Fund (SWYBX) has a higher volatility of 1.95% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.64%. This indicates that SWYBX's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWYBXVWINXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.95%

1.64%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

4.49%

3.89%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

5.63%

5.09%

+0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.16%

6.97%

+1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.84%

6.92%

+0.92%

SWYBX vs. VWINX - Expense Ratio Comparison

SWYBX has a 0.04% expense ratio, which is lower than VWINX's 0.23% 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. VWINX - Dividend Comparison

SWYBX's dividend yield for the trailing twelve months is around 4.29%, less than VWINX's 7.68% yield.

PositionTTM20252024202320222021202020192018201720162015
SWYBX
Schwab Target 2015 Index Fund		4.29%4.52%3.67%2.38%2.61%2.74%2.32%2.23%1.77%1.44%0.78%0.00%
VWINX
Vanguard Wellesley Income Fund Investor Shares		7.68%7.86%6.61%4.73%7.67%6.03%4.30%3.94%7.56%3.20%4.00%5.60%

Frequently Asked Questions

SWYBX and VWINX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWYBX has higher volatility (1.95%) compared to VWINX (1.64%). In terms of maximum drawdown, SWYBX dropped -20.49% vs VWINX's -21.72%.

SWYBX currently has the higher Sharpe Ratio (2.50 vs 2.29), 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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