SWYFX vs. SGOV
SWYFX (Schwab Target 2035 Index Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - SWYFX is a Target Retirement Date fund managed by Charles Schwab, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, SWYFX returned 7.74%/yr vs 3.56%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions. SWYFX charges 0.04%/yr vs 0.09%/yr for SGOV.
Performance
SWYFX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SWYFX achieves a 8.10% return, which is significantly higher than SGOV's 1.63% return.
SWYFX
- 1D
- 0.29%
- 1M
- 1.68%
- YTD
- 8.10%
- 6M
- 8.55%
- 1Y
- 19.87%
- 3Y*
- 14.85%
- 5Y*
- 7.74%
- 10Y*
- —
SGOV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.56%
- 10Y*
- —
SWYFX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWYFX Schwab Target 2035 Index Fund | 8.10% | 16.40% | 11.71% | 18.20% | -16.36% | 14.26% | 20.41% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.63% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between SWYFX and SGOV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
The correlation between SWYFX and SGOV shifts across timeframes, from -0.15 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SWYFX vs. SGOV — Risk / Return Rank
SWYFX
SGOV
SWYFX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| SWYFX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.30 | ||
| Sortino ratioReturn per unit of downside risk | -271.43 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 194.55 | -193.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 396.11 | -393.35 |
| Martin ratioReturn relative to average drawdown | 12.09 | 4,438.60 | -4,426.50 |
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Drawdowns
SWYFX vs. SGOV - Drawdown Comparison
The maximum SWYFX drawdown since its inception was -25.51%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SWYFX and SGOV.
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Drawdown Indicators
| SWYFX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.51% | -0.03% | -25.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -0.01% | -6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -0.01% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -0.03% | -23.16% |
Current DrawdownCurrent decline from peak | -1.01% | 0.00% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -0.00% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.00% | +1.56% |
Volatility
SWYFX vs. SGOV - Volatility Comparison
Schwab Target 2035 Index Fund (SWYFX) has a higher volatility of 3.70% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SWYFX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYFX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 0.05% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 0.13% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 0.19% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.13% | 0.24% | +11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 0.24% | +12.61% |
SWYFX vs. SGOV - Expense Ratio Comparison
SWYFX has a 0.04% expense ratio, which is lower than SGOV's 0.09% 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. SGOV - Dividend Comparison
SWYFX's dividend yield for the trailing twelve months is around 2.11%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
SWYFX Schwab Target 2035 Index Fund | 2.11% | 2.28% | 2.37% | 2.14% | 2.02% | 1.80% | 1.73% | 2.00% | 0.00% | 1.44% | 0.99% |
Frequently Asked Questions
SWYFX and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWYFX has higher volatility (3.70%) compared to SGOV (0.05%). In terms of maximum drawdown, SWYFX dropped -25.51% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.33 vs 2.02), 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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