SWYEX vs. VEIRX

Last updated Jun 25, 2026

SWYEX (Schwab Target 2030 Index Fund) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both mutual funds - SWYEX is a Target Retirement Date fund managed by Charles Schwab, while VEIRX is a Large Cap Value Equities fund actively managed by Vanguard. Over the past 5 years, SWYEX returned 6.66%/yr vs 11.29%/yr for VEIRX. Their correlation of 0.82 suggests significant overlap in exposure. SWYEX charges 0.04%/yr vs 0.19%/yr for VEIRX.

Performance

SWYEX vs. VEIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWYEX achieves a 6.30% return, which is significantly lower than VEIRX's 8.14% return.

SWYEX

• 1D: -0.90%
• 1M: 0.11%
• YTD: 6.30%
• 6M: 5.66%
• 1Y: 15.10%
• 3Y*: 13.33%
• 5Y*: 6.66%
• 10Y*: —

VEIRX

• 1D: -0.03%
• 1M: -0.43%
• YTD: 8.14%
• 6M: 7.08%
• 1Y: 19.59%
• 3Y*: 16.90%
• 5Y*: 11.29%
• 10Y*: 12.01%

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

SWYEX vs. VEIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYEX Schwab Target 2030 Index Fund	6.30%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	16.22%
VEIRX Vanguard Equity Income Fund Admiral Shares	8.14%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%

Correlation

The correlation between SWYEX and VEIRX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016	0.82

The correlation between SWYEX and VEIRX shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWYEX vs. VEIRX — Risk / Return Rank

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

SWYEX

SWYEX Risk / Return Rank: 58
SWYEX Sharpe Ratio Rank: 56
SWYEX Sortino Ratio Rank: 55
SWYEX Omega Ratio Rank: 56
SWYEX Calmar Ratio Rank: 56
SWYEX Martin Ratio Rank: 66

VEIRX

VEIRX Risk / Return Rank: 55
VEIRX Sharpe Ratio Rank: 53
VEIRX Sortino Ratio Rank: 54
VEIRX Omega Ratio Rank: 51
VEIRX Calmar Ratio Rank: 62
VEIRX Martin Ratio Rank: 56

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. VEIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2030 Index Fund (SWYEX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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	VEIRX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.98	+0.03
Sortino ratio: Return per unit of downside risk	2.84	2.83	+0.01
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	2.73	2.87	-0.14
Martin ratio: Return relative to average drawdown	11.93	10.65	+1.29

SWYEX vs. VEIRX - Sharpe Ratio Comparison

The current SWYEX Sharpe Ratio is 2.01, which is comparable to the VEIRX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SWYEX and VEIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWYEX vs. VEIRX - Drawdown Comparison

The maximum SWYEX drawdown since its inception was -23.23%, smaller than the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for SWYEX and VEIRX.

Drawdown Indicators

	SWYEX	VEIRX	Difference
Max Drawdown Largest peak-to-trough decline	-23.23%	-54.02%	+30.79%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-7.13%	+1.21%
Max Drawdown (3Y) Largest decline over 3 years	-9.70%	-13.36%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-15.12%	-6.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.26%	—
Current Drawdown Current decline from peak	-1.32%	-1.45%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.66%	-6.49%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.92%	-0.57%

Volatility

SWYEX vs. VEIRX - Volatility Comparison

Schwab Target 2030 Index Fund (SWYEX) has a higher volatility of 3.24% compared to Vanguard Equity Income Fund Admiral Shares (VEIRX) at 2.81%. This indicates that SWYEX's price experiences larger fluctuations and is considered to be riskier than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYEX	VEIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	2.81%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	7.60%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	8.07%	10.38%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.94%	13.89%	-2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	16.28%	-4.75%

SWYEX vs. VEIRX - Expense Ratio Comparison

SWYEX has a 0.04% expense ratio, which is lower than VEIRX's 0.19% expense ratio. Despite the difference, 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. VEIRX - Dividend Comparison

SWYEX's dividend yield for the trailing twelve months is around 2.36%, less than VEIRX's 10.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWYEX Schwab Target 2030 Index Fund	2.36%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%	0.00%
VEIRX Vanguard Equity Income Fund Admiral Shares	10.26%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%

Frequently Asked Questions

Can I hold both SWYEX and VEIRX in my portfolio?

SWYEX and VEIRX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWYEX or VEIRX?

SWYEX has higher volatility (3.24%) compared to VEIRX (2.81%). In terms of maximum drawdown, SWYEX dropped -23.23% vs VEIRX's -54.02%.

Which has better risk-adjusted returns?

SWYEX currently has the higher Sharpe Ratio (2.01 vs 1.98), 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.