SWYFX vs. ITDC

Last updated Jun 4, 2026

SWYFX (Schwab Target 2035 Index Fund) and ITDC (Ishares Lifepath Target Date 2035 ETF) are both Target Retirement Date funds. Over the past year, SWYFX returned 21.44% vs 19.52% for ITDC. With a 0.97 correlation, they move nearly in lockstep. SWYFX charges 0.04%/yr vs 0.10%/yr for ITDC.

Performance

SWYFX vs. ITDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2035 Index Fund (SWYFX) and Ishares Lifepath Target Date 2035 ETF (ITDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWYFX achieves a 9.20% return, which is significantly higher than ITDC's 7.85% return.

SWYFX

• 1D: 0.24%
• 1M: 3.95%
• YTD: 9.20%
• 6M: 9.60%
• 1Y: 21.44%
• 3Y*: 15.77%
• 5Y*: 8.23%
• 10Y*: —

ITDC

• 1D: -0.50%
• 1M: 3.02%
• YTD: 7.85%
• 6M: 8.24%
• 1Y: 19.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWYFX vs. ITDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SWYFX Schwab Target 2035 Index Fund	9.20%	16.40%	11.71%	12.58%
ITDC Ishares Lifepath Target Date 2035 ETF	7.85%	16.10%	11.41%	12.40%

Correlation

The correlation between SWYFX and ITDC 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 (All Time) Calculated using the full available price history since Oct 20, 2023	0.97

The correlation between SWYFX and ITDC has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

SWYFX vs. ITDC - Sectors Allocation Comparison

Sectors	SWYFX	ITDC
Technology	27.3%	26.1%
Financial Services	14.8%	15.0%
Industrials	11.1%	12.1%
Consumer Cyclical	8.9%	8.8%
Healthcare	7.8%	7.6%
Real Estate	7.8%	5.9%
Communication Services	7.7%	7.7%
Consumer Defensive	4.6%	4.5%
Energy	4.0%	4.6%
Basic Materials	3.5%	3.9%
Utilities	2.5%	3.7%

Return for Risk

SWYFX vs. ITDC — Risk / Return Rank

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

SWYFX

SWYFX Risk / Return Rank: 71
SWYFX Sharpe Ratio Rank: 73
SWYFX Sortino Ratio Rank: 71
SWYFX Omega Ratio Rank: 67
SWYFX Calmar Ratio Rank: 69
SWYFX Martin Ratio Rank: 76

ITDC

ITDC Risk / Return Rank: 68
ITDC Sharpe Ratio Rank: 69
ITDC Sortino Ratio Rank: 70
ITDC Omega Ratio Rank: 71
ITDC Calmar Ratio Rank: 60
ITDC Martin Ratio Rank: 70

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.

SWYFX vs. ITDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) and Ishares Lifepath Target Date 2035 ETF (ITDC). 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.

	SWYFX	ITDC	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.28	+0.19
Sortino ratio: Return per unit of downside risk	3.51	3.24	+0.26
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.20	2.96	+0.24
Martin ratio: Return relative to average drawdown	14.28	13.15	+1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYFX vs. ITDC - Sharpe Ratio Comparison

The current SWYFX Sharpe Ratio is 2.47, which is comparable to the ITDC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SWYFX and ITDC, 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

	SWYFX	ITDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.28	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.88	-1.12

Drawdowns

SWYFX vs. ITDC - Drawdown Comparison

The maximum SWYFX drawdown since its inception was -25.51%, which is greater than ITDC's maximum drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for SWYFX and ITDC.

Drawdown Indicators

	SWYFX	ITDC	Difference
Max Drawdown Largest peak-to-trough decline	-25.51%	-10.39%	-15.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-6.63%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-11.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.19%	—	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-4.01%	-1.08%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.49%	+0.03%

Volatility

SWYFX vs. ITDC - Volatility Comparison

Schwab Target 2035 Index Fund (SWYFX) and Ishares Lifepath Target Date 2035 ETF (ITDC) have volatilities of 2.77% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYFX	ITDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.82%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	6.92%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	8.58%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	10.05%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	10.05%	+2.79%

SWYFX vs. ITDC - Expense Ratio Comparison

SWYFX has a 0.04% expense ratio, which is lower than ITDC's 0.10% 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

SWYFX vs. ITDC - Dividend Comparison

SWYFX's dividend yield for the trailing twelve months is around 2.09%, more than ITDC's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ITDC Ishares Lifepath Target Date 2035 ETF	1.88%	2.02%	1.93%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWYFX Schwab Target 2035 Index Fund	2.09%	2.28%	2.37%	2.14%	2.02%	1.80%	1.73%	2.00%	0.00%	1.44%	0.99%

Frequently Asked Questions

Can I hold both SWYFX and ITDC in my portfolio?

With a correlation of 0.98, SWYFX and ITDC 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, SWYFX or ITDC?

ITDC has higher volatility (2.82%) compared to SWYFX (2.77%). In terms of maximum drawdown, SWYFX dropped -25.51% vs ITDC's -10.39%.

Which has better risk-adjusted returns?

SWYFX currently has the higher Sharpe Ratio (2.47 vs 2.28), 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.