SWYDX vs. SWYLX
SWYDX (Schwab Target 2025 Index Fund) and SWYLX (Schwab Target 2020 Index Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 5 years, SWYDX returned 5.36%/yr vs 5.04%/yr for SWYLX. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.
Performance
SWYDX vs. SWYLX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYDX achieves a 4.95% return, which is significantly higher than SWYLX's 4.69% return.
SWYDX
- 1D
- -0.68%
- 1M
- 0.12%
- YTD
- 4.95%
- 6M
- 4.43%
- 1Y
- 12.16%
- 3Y*
- 11.14%
- 5Y*
- 5.36%
- 10Y*
- —
SWYLX
- 1D
- -0.62%
- 1M
- 0.14%
- YTD
- 4.69%
- 6M
- 4.17%
- 1Y
- 11.76%
- 3Y*
- 10.56%
- 5Y*
- 5.04%
- 10Y*
- —
SWYDX vs. SWYLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYDX Schwab Target 2025 Index Fund | 4.95% | 12.60% | 8.62% | 14.47% | -14.78% | 10.24% | 12.37% | 18.89% | -6.38% | 14.53% |
SWYLX Schwab Target 2020 Index Fund | 4.69% | 12.23% | 8.03% | 13.15% | -13.79% | 8.06% | 11.04% | 16.21% | -3.08% | 12.11% |
Correlation
The correlation between SWYDX and SWYLX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.98 |
The correlation between SWYDX and SWYLX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SWYDX vs. SWYLX — Risk / Return Rank
SWYDX
SWYLX
SWYDX vs. SWYLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2025 Index Fund (SWYDX) and Schwab Target 2020 Index Fund (SWYLX). 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.
| SWYDX | SWYLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.67 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.68 | 11.86 | -0.18 |
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Drawdowns
SWYDX vs. SWYLX - Drawdown Comparison
The maximum SWYDX drawdown since its inception was -20.49%, roughly equal to the maximum SWYLX drawdown of -20.63%. Use the drawdown chart below to compare losses from any high point for SWYDX and SWYLX.
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Drawdown Indicators
| SWYDX | SWYLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -20.63% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -4.70% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -7.02% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.43% | -20.63% | +0.20% |
Current DrawdownCurrent decline from peak | -1.10% | -1.02% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.46% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.06% | +0.05% |
Volatility
SWYDX vs. SWYLX - Volatility Comparison
Schwab Target 2025 Index Fund (SWYDX) and Schwab Target 2020 Index Fund (SWYLX) have volatilities of 2.63% and 2.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYDX | SWYLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.52% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 5.22% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 6.33% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 8.51% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 8.26% | +1.56% |
SWYDX vs. SWYLX - Expense Ratio Comparison
Both SWYDX and SWYLX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWYDX vs. SWYLX - Dividend Comparison
SWYDX's dividend yield for the trailing twelve months is around 5.11%, less than SWYLX's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SWYDX Schwab Target 2025 Index Fund | 5.11% | 5.37% | 3.41% | 2.58% | 2.32% | 1.92% | 1.79% | 1.91% | 0.00% | 1.33% | 0.79% |
SWYLX Schwab Target 2020 Index Fund | 5.45% | 5.70% | 4.82% | 2.61% | 2.48% | 2.44% | 1.77% | 2.12% | 2.29% | 1.21% | 0.67% |
Frequently Asked Questions
With a correlation of 0.99, SWYDX and SWYLX 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.
SWYDX has higher volatility (2.63%) compared to SWYLX (2.52%). In terms of maximum drawdown, SWYDX dropped -20.49% vs SWYLX's -20.63%.
SWYDX currently has the higher Sharpe Ratio (2.00 vs 1.99), 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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