SWYEX vs. SWHRX

Last updated Jun 4, 2026

SWYEX (Schwab Target 2030 Index Fund) and SWHRX (Schwab Target 2025 Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 5 years, SWYEX returned 7.19%/yr vs 5.29%/yr for SWHRX. With a 0.98 correlation, they move nearly in lockstep. SWYEX charges 0.04%/yr vs 0.00%/yr for SWHRX.

Performance

SWYEX vs. SWHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2030 Index Fund (SWYEX) and Schwab Target 2025 Fund (SWHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWYEX achieves a 7.72% return, which is significantly higher than SWHRX's 5.19% return.

SWYEX

• 1D: 0.21%
• 1M: 3.32%
• YTD: 7.72%
• 6M: 8.02%
• 1Y: 18.63%
• 3Y*: 14.00%
• 5Y*: 7.19%
• 10Y*: —

SWHRX

• 1D: 0.13%
• 1M: 2.33%
• YTD: 5.19%
• 6M: 5.43%
• 1Y: 14.24%
• 3Y*: 11.38%
• 5Y*: 5.29%
• 10Y*: 7.46%

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

SWYEX vs. SWHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYEX Schwab Target 2030 Index Fund	7.72%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	16.22%
SWHRX Schwab Target 2025 Fund	5.19%	12.70%	8.78%	14.29%	-15.90%	10.31%	12.55%	18.66%	-6.00%	15.57%

Correlation

The correlation between SWYEX and SWHRX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.98

The correlation between SWYEX and SWHRX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

SWYEX vs. SWHRX - Sectors Allocation Comparison

Sectors	SWYEX	SWHRX
Technology	27.4%	26.2%
Financial Services	14.6%	11.8%
Industrials	11.1%	11.5%
Consumer Cyclical	8.9%	9.3%
Real Estate	8.0%	7.7%
Healthcare	7.8%	10.5%
Communication Services	7.8%	8.9%
Consumer Defensive	4.7%	4.6%
Energy	3.9%	4.3%
Basic Materials	3.4%	3.3%
Utilities	2.5%	2.0%

Return for Risk

SWYEX vs. SWHRX — Risk / Return Rank

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

SWYEX

SWYEX Risk / Return Rank: 73
SWYEX Sharpe Ratio Rank: 75
SWYEX Sortino Ratio Rank: 73
SWYEX Omega Ratio Rank: 70
SWYEX Calmar Ratio Rank: 69
SWYEX Martin Ratio Rank: 76

SWHRX

SWHRX Risk / Return Rank: 61
SWHRX Sharpe Ratio Rank: 62
SWHRX Sortino Ratio Rank: 64
SWHRX Omega Ratio Rank: 62
SWHRX Calmar Ratio Rank: 53
SWHRX Martin Ratio Rank: 63

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. SWHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Index Fund (SWYEX) and Schwab Target 2025 Fund (SWHRX). 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	SWHRX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.32	+0.18
Sortino ratio: Return per unit of downside risk	3.57	3.36	+0.21
Omega ratio: Gain probability vs. loss probability	1.47	1.44	+0.03
Calmar ratio: Return relative to maximum drawdown	3.20	2.78	+0.42
Martin ratio: Return relative to average drawdown	14.26	12.29	+1.97
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. SWHRX - Sharpe Ratio Comparison

The current SWYEX Sharpe Ratio is 2.50, which is comparable to the SWHRX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SWYEX and SWHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWYEX	SWHRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.32	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.49	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.56	+0.22

Drawdowns

SWYEX vs. SWHRX - Drawdown Comparison

The maximum SWYEX drawdown since its inception was -23.23%, smaller than the maximum SWHRX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SWYEX and SWHRX.

Drawdown Indicators

	SWYEX	SWHRX	Difference
Max Drawdown Largest peak-to-trough decline	-23.23%	-37.97%	+14.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-5.18%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-9.70%	-7.77%	-1.93%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-26.06%	+4.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.06%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.67%	-5.34%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	1.17%	+0.15%

Volatility

SWYEX vs. SWHRX - Volatility Comparison

Schwab Target 2030 Index Fund (SWYEX) has a higher volatility of 2.41% compared to Schwab Target 2025 Fund (SWHRX) at 2.04%. This indicates that SWYEX's price experiences larger fluctuations and is considered to be riskier than SWHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYEX	SWHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	2.04%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	6.01%	4.98%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	6.20%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.88%	10.92%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	10.50%	+1.03%

SWYEX vs. SWHRX - Expense Ratio Comparison

SWYEX has a 0.04% expense ratio, which is higher than SWHRX's 0.00% 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%.

Dividends

SWYEX vs. SWHRX - Dividend Comparison

SWYEX's dividend yield for the trailing twelve months is around 2.33%, less than SWHRX's 9.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWHRX Schwab Target 2025 Fund	9.63%	10.13%	7.82%	5.19%	5.72%	6.41%	2.94%	5.47%	5.95%	3.78%	5.31%	7.05%
SWYEX Schwab Target 2030 Index Fund	2.33%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%	0.00%

Frequently Asked Questions

Can I hold both SWYEX and SWHRX in my portfolio?

With a correlation of 0.98, SWYEX and SWHRX 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.

Which is riskier, SWYEX or SWHRX?

SWYEX has higher volatility (2.41%) compared to SWHRX (2.04%). In terms of maximum drawdown, SWYEX dropped -23.23% vs SWHRX's -37.97%.

Which has better risk-adjusted returns?

SWYEX currently has the higher Sharpe Ratio (2.50 vs 2.32), 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.