SWYEX vs. SWOBX
Compare and contrast key facts about Schwab Target 2030 Index Fund (SWYEX) and Schwab Balanced Fund™ (SWOBX).
SWYEX is managed by Charles Schwab. It was launched on Aug 24, 2016. SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996.
Performance
SWYEX vs. SWOBX - Performance Comparison
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SWYEX vs. SWOBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYEX Schwab Target 2030 Index Fund | -2.50% | 14.82% | 10.38% | 16.65% | -15.68% | 12.58% | 13.17% | 20.88% | -5.07% | 16.22% |
SWOBX Schwab Balanced Fund™ | -4.75% | 12.76% | 12.51% | 18.25% | -18.86% | 14.76% | 14.73% | 20.13% | -4.35% | 15.52% |
Returns By Period
In the year-to-date period, SWYEX achieves a -2.50% return, which is significantly higher than SWOBX's -4.75% return.
SWYEX
- 1D
- 0.06%
- 1M
- -5.61%
- YTD
- -2.50%
- 6M
- -0.40%
- 1Y
- 11.45%
- 3Y*
- 10.92%
- 5Y*
- 5.92%
- 10Y*
- —
SWOBX
- 1D
- -0.06%
- 1M
- -6.07%
- YTD
- -4.75%
- 6M
- -2.83%
- 1Y
- 9.96%
- 3Y*
- 10.26%
- 5Y*
- 5.35%
- 10Y*
- 7.90%
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SWYEX vs. SWOBX - Expense Ratio Comparison
SWYEX has a 0.04% expense ratio, which is higher than SWOBX'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%.
Return for Risk
SWYEX vs. SWOBX — Risk / Return Rank
SWYEX
SWOBX
SWYEX vs. SWOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Index Fund (SWYEX) and Schwab Balanced Fund™ (SWOBX). 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 | SWOBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.90 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.37 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.23 | +0.24 |
Martin ratioReturn relative to average drawdown | 6.88 | 5.34 | +1.55 |
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
| SWYEX | SWOBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.90 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.39 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.58 | +0.11 |
Correlation
The correlation between SWYEX and SWOBX is 0.96, 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
SWYEX vs. SWOBX - Dividend Comparison
SWYEX's dividend yield for the trailing twelve months is around 2.57%, less than SWOBX's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYEX Schwab Target 2030 Index Fund | 2.57% | 2.51% | 2.60% | 2.28% | 2.14% | 1.85% | 1.72% | 1.92% | 2.23% | 1.31% | 1.02% | 0.00% |
SWOBX Schwab Balanced Fund™ | 5.75% | 5.47% | 4.94% | 5.67% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.83% | 7.66% |
Drawdowns
SWYEX vs. SWOBX - Drawdown Comparison
The maximum SWYEX drawdown since its inception was -23.23%, smaller than the maximum SWOBX drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SWYEX and SWOBX.
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Drawdown Indicators
| SWYEX | SWOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -35.99% | +12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -7.36% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -28.30% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.30% | — |
Current DrawdownCurrent decline from peak | -5.87% | -6.58% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -6.25% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.69% | -0.11% |
Volatility
SWYEX vs. SWOBX - Volatility Comparison
The current volatility for Schwab Target 2030 Index Fund (SWYEX) is 3.23%, while Schwab Balanced Fund™ (SWOBX) has a volatility of 3.45%. This indicates that SWYEX experiences smaller price fluctuations and is considered to be less risky than SWOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYEX | SWOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.45% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.55% | 6.32% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.18% | 11.23% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 13.91% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 12.83% | -1.27% |