SWYFX vs. SPY
Compare and contrast key facts about Schwab Target 2035 Index Fund (SWYFX) and State Street SPDR S&P 500 ETF (SPY).
SWYFX is managed by Charles Schwab. It was launched on Aug 24, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SWYFX vs. SPY - Performance Comparison
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SWYFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYFX Schwab Target 2035 Index Fund | -3.00% | 16.40% | 11.71% | 18.20% | -16.36% | 14.26% | 13.85% | 22.37% | -7.99% | 17.84% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SWYFX achieves a -3.00% return, which is significantly higher than SPY's -4.37% return.
SWYFX
- 1D
- -0.05%
- 1M
- -6.49%
- YTD
- -3.00%
- 6M
- -0.70%
- 1Y
- 12.85%
- 3Y*
- 12.05%
- 5Y*
- 6.63%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SWYFX vs. SPY - Expense Ratio Comparison
SWYFX has a 0.04% expense ratio, which is lower than SPY'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%.
Return for Risk
SWYFX vs. SPY — Risk / Return Rank
SWYFX
SPY
SWYFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.93 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.45 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.53 | -0.14 |
Martin ratioReturn relative to average drawdown | 6.57 | 7.30 | -0.73 |
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
| SWYFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.93 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.10 |
Correlation
The correlation between SWYFX and SPY is 0.94, 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
SWYFX vs. SPY - Dividend Comparison
SWYFX's dividend yield for the trailing twelve months is around 2.35%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYFX Schwab Target 2035 Index Fund | 2.35% | 2.28% | 2.37% | 2.14% | 2.02% | 1.80% | 1.73% | 2.00% | 0.00% | 1.44% | 0.99% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SWYFX vs. SPY - Drawdown Comparison
The maximum SWYFX drawdown since its inception was -25.51%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWYFX and SPY.
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Drawdown Indicators
| SWYFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.51% | -55.19% | +29.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -12.05% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -24.50% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -6.82% | -6.24% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -9.09% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.52% | -0.70% |
Volatility
SWYFX vs. SPY - Volatility Comparison
The current volatility for Schwab Target 2035 Index Fund (SWYFX) is 3.70%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SWYFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 5.31% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 9.47% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 19.05% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 17.06% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 17.92% | -5.05% |