SWYEX vs. SWYDX
SWYEX (Schwab Target 2030 Index Fund) and SWYDX (Schwab Target 2025 Index Fund) are both Target Retirement Date funds from Charles Schwab. Over the past 5 years, SWYEX returned 6.95%/yr vs 5.58%/yr for SWYDX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.
Performance
SWYEX vs. SWYDX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYEX achieves a 7.27% return, which is significantly higher than SWYDX's 5.67% return.
SWYEX
- 1D
- -0.16%
- 1M
- 1.02%
- YTD
- 7.27%
- 6M
- 6.91%
- 1Y
- 17.13%
- 3Y*
- 13.67%
- 5Y*
- 6.95%
- 10Y*
- —
SWYDX
- 1D
- -0.18%
- 1M
- 0.81%
- YTD
- 5.67%
- 6M
- 5.40%
- 1Y
- 13.75%
- 3Y*
- 11.40%
- 5Y*
- 5.58%
- 10Y*
- —
SWYEX vs. SWYDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYEX Schwab Target 2030 Index Fund | 7.27% | 14.82% | 10.38% | 16.65% | -15.68% | 12.58% | 13.17% | 20.88% | -5.07% | 16.22% |
SWYDX Schwab Target 2025 Index Fund | 5.67% | 12.60% | 8.62% | 14.47% | -14.78% | 10.24% | 12.37% | 18.89% | -6.38% | 14.53% |
Correlation
The correlation between SWYEX and SWYDX 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 | 0.99 |
The correlation between SWYEX and SWYDX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SWYEX vs. SWYDX — Risk / Return Rank
SWYEX
SWYDX
SWYEX vs. SWYDX - 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 Index Fund (SWYDX). 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.
| SWYEX | SWYDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.92 | +0.12 |
| Martin ratioReturn relative to average drawdown | 13.32 | 12.94 | +0.38 |
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Drawdowns
SWYEX vs. SWYDX - Drawdown Comparison
The maximum SWYEX drawdown since its inception was -23.23%, which is greater than SWYDX's maximum drawdown of -20.49%. Use the drawdown chart below to compare losses from any high point for SWYEX and SWYDX.
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Drawdown Indicators
| SWYEX | SWYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -20.49% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | -4.94% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.70% | -7.56% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -20.43% | -1.60% |
Current DrawdownCurrent decline from peak | -0.42% | -0.43% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -3.41% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.11% | +0.24% |
Volatility
SWYEX vs. SWYDX - Volatility Comparison
Schwab Target 2030 Index Fund (SWYEX) has a higher volatility of 3.10% compared to Schwab Target 2025 Index Fund (SWYDX) at 2.53%. This indicates that SWYEX's price experiences larger fluctuations and is considered to be riskier than SWYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYEX | SWYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.53% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 5.37% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 6.52% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 9.24% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.53% | 9.82% | +1.71% |
SWYEX vs. SWYDX - Expense Ratio Comparison
Both SWYEX and SWYDX 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
SWYEX vs. SWYDX - Dividend Comparison
SWYEX's dividend yield for the trailing twelve months is around 2.34%, less than SWYDX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SWYDX Schwab Target 2025 Index Fund | 5.08% | 5.37% | 3.41% | 2.58% | 2.32% | 1.92% | 1.79% | 1.91% | 0.00% | 1.33% | 0.79% |
SWYEX Schwab Target 2030 Index Fund | 2.34% | 2.51% | 2.60% | 2.28% | 2.14% | 1.85% | 1.72% | 1.92% | 2.23% | 1.31% | 1.02% |
Frequently Asked Questions
With a correlation of 0.99, SWYEX and SWYDX 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.
SWYEX has higher volatility (3.10%) compared to SWYDX (2.53%). In terms of maximum drawdown, SWYEX dropped -23.23% vs SWYDX's -20.49%.
SWYEX currently has the higher Sharpe Ratio (2.25 vs 2.22), 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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