SWYEX vs. SWAGX

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab Target 2030 Index Fund (SWYEX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX).

SWYEX is managed by Charles Schwab. It was launched on Aug 24, 2016. SWAGX is managed by Charles Schwab.

Performance

SWYEX vs. SWAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Index Fund (SWYEX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). The values are adjusted to include any dividend payments, if applicable.

SWYEX vs. SWAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYEX Schwab Target 2030 Index Fund	-0.85%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	11.53%
SWAGX Schwab U.S. Aggregate Bond Index Fund	-0.33%	7.11%	1.38%	5.46%	-13.62%	-2.29%	7.39%	8.64%	-0.11%	2.62%

Returns By Period

In the year-to-date period, SWYEX achieves a -0.85% return, which is significantly lower than SWAGX's -0.33% return.

SWYEX

• 1D: 1.69%
• 1M: -3.70%
• YTD: -0.85%
• 6M: 0.88%
• 1Y: 12.98%
• 3Y*: 11.54%
• 5Y*: 6.08%
• 10Y*: —

SWAGX

• 1D: 0.11%
• 1M: -1.76%
• YTD: -0.33%
• 6M: 0.37%
• 1Y: 3.70%
• 3Y*: 3.43%
• 5Y*: -0.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWYEX vs. SWAGX - Expense Ratio Comparison

Both SWYEX and SWAGX 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%.

SWYEX

Schwab Target 2030 Index Fund

SWAGX

Schwab U.S. Aggregate Bond Index Fund

Return for Risk

SWYEX vs. SWAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWYEX

SWYEX Risk / Return Rank: 75
SWYEX Sharpe Ratio Rank: 72
SWYEX Sortino Ratio Rank: 74
SWYEX Omega Ratio Rank: 72
SWYEX Calmar Ratio Rank: 75
SWYEX Martin Ratio Rank: 82

SWAGX

SWAGX Risk / Return Rank: 43
SWAGX Sharpe Ratio Rank: 41
SWAGX Sortino Ratio Rank: 39
SWAGX Omega Ratio Rank: 28
SWAGX Calmar Ratio Rank: 67
SWAGX Martin Ratio Rank: 42

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.

SWYEX vs. SWAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Index Fund (SWYEX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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.

	SWYEX	SWAGX	Difference
Sharpe ratio Return per unit of total volatility	1.30	0.89	+0.41
Sortino ratio Return per unit of downside risk	1.89	1.28	+0.62
Omega ratio Gain probability vs. loss probability	1.28	1.16	+0.12
Calmar ratio Return relative to maximum drawdown	1.83	1.58	+0.24
Martin ratio Return relative to average drawdown	8.44	4.44	+4.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYEX vs. SWAGX - Sharpe Ratio Comparison

The current SWYEX Sharpe Ratio is 1.30, which is higher than the SWAGX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SWYEX and SWAGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWYEX	SWAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.89	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	-0.01	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.31	+0.40

Correlation

The correlation between SWYEX and SWAGX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SWYEX vs. SWAGX - Dividend Comparison

SWYEX's dividend yield for the trailing twelve months is around 2.53%, less than SWAGX's 3.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SWYEX Schwab Target 2030 Index Fund	2.53%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%
SWAGX Schwab U.S. Aggregate Bond Index Fund	3.76%	4.02%	3.88%	3.22%	1.93%	1.56%	2.47%	2.87%	2.80%	1.98%	0.00%

Drawdowns

SWYEX vs. SWAGX - Drawdown Comparison

The maximum SWYEX drawdown since its inception was -23.23%, which is greater than SWAGX's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for SWYEX and SWAGX.

Drawdown Indicators

	SWYEX	SWAGX	Difference
Max Drawdown Largest peak-to-trough decline	-23.23%	-19.68%	-3.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.43%	-2.84%	-4.59%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-18.76%	-3.27%
Current Drawdown Current decline from peak	-4.28%	-4.07%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.73%	-5.72%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.01%	+0.60%

Volatility

SWYEX vs. SWAGX - Volatility Comparison

Schwab Target 2030 Index Fund (SWYEX) has a higher volatility of 3.77% compared to Schwab U.S. Aggregate Bond Index Fund (SWAGX) at 1.63%. This indicates that SWYEX's price experiences larger fluctuations and is considered to be riskier than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYEX	SWAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	1.63%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	5.79%	2.69%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	4.48%	+5.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.86%	6.06%	+4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.57%	5.13%	+6.44%