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SWYFX vs. SWISX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWYFX vs. SWISX

Last updated Jun 4, 2026

SWYFX (Schwab Target 2035 Index Fund) and SWISX (Schwab International Index Fund) are both mutual funds - SWYFX is a Target Retirement Date fund managed by Charles Schwab, while SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Over the past 5 years, SWYFX returned 8.23%/yr vs 8.74%/yr for SWISX. Their correlation of 0.87 suggests significant overlap in exposure. SWYFX charges 0.04%/yr vs 0.06%/yr for SWISX.

Performance

SWYFX vs. SWISX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with SWYFX having a 9.20% return and SWISX slightly higher at 9.54%.

SWYFX

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

SWISX

1D
0.35%
1M
4.10%
YTD
9.54%
6M
11.96%
1Y
22.29%
3Y*
17.02%
5Y*
8.74%
10Y*
9.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWYFX vs. SWISX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWYFX
Schwab Target 2035 Index Fund		9.20%16.40%11.71%18.20%-16.36%14.26%13.85%22.37%-7.99%17.84%
SWISX
Schwab International Index Fund		9.54%31.59%3.54%18.13%-14.30%11.25%8.14%21.87%-13.38%25.32%

Correlation

The correlation between SWYFX and SWISX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 31, 2016

0.87

The correlation between SWYFX and SWISX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

SWYFX vs. SWISX - Sectors Allocation Comparison

Sectors
SWYFX
SWISX

Technology

27.3%
10.7%

Financial Services

14.8%
24.4%

Industrials

11.1%
20.3%

Consumer Cyclical

8.9%
7.7%

Healthcare

7.8%
9.2%

Real Estate

7.8%
2.0%

Communication Services

7.7%
4.6%

Consumer Defensive

4.6%
7.0%

Energy

4.0%
4.1%

Basic Materials

3.5%
6.1%

Utilities

2.5%
4.0%

Technology

SWYFX
27.3%
SWISX
10.7%

Financial Services

SWYFX
14.8%
SWISX
24.4%

Industrials

SWYFX
11.1%
SWISX
20.3%

Consumer Cyclical

SWYFX
8.9%
SWISX
7.7%

Healthcare

SWYFX
7.8%
SWISX
9.2%

Real Estate

SWYFX
7.8%
SWISX
2.0%

Communication Services

SWYFX
7.7%
SWISX
4.6%

Consumer Defensive

SWYFX
4.6%
SWISX
7.0%

Energy

SWYFX
4.0%
SWISX
4.1%

Basic Materials

SWYFX
3.5%
SWISX
6.1%

Utilities

SWYFX
2.5%
SWISX
4.0%

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Schwab Target 2035 Index Fund

Schwab International Index Fund

Often compared with SWYFX:
SWYFX vs. VTTHXSWYFX vs. SWIRXSWYFX vs. SWYEXSWYFX vs. FIHFXSWYFX vs. SCHDSWYFX vs. VOOSWYFX vs. SPY
Often compared with SWISX:
SWISX vs. SCHFSWISX vs. VXUSSWISX vs. SWTSXSWISX vs. VTIAXSWISX vs. SFNNXSWISX vs. FTIHXSWISX vs. SWPPX

Return for Risk

SWYFX vs. SWISX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWYFX
SWYFX Risk / Return Rank: 7171
Overall Rank
SWYFX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SWYFX Sortino Ratio Rank: 7171
Sortino Ratio Rank
SWYFX Omega Ratio Rank: 6767
Omega Ratio Rank
SWYFX Calmar Ratio Rank: 6969
Calmar Ratio Rank
SWYFX Martin Ratio Rank: 7676
Martin Ratio Rank
SWISX
SWISX Risk / Return Rank: 2626
Overall Rank
SWISX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
SWISX Sortino Ratio Rank: 2424
Sortino Ratio Rank
SWISX Omega Ratio Rank: 2424
Omega Ratio Rank
SWISX Calmar Ratio Rank: 2525
Calmar Ratio Rank
SWISX Martin Ratio Rank: 3030
Martin Ratio Rank
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. SWISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) and Schwab International Index Fund (SWISX). 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.

SWYFXSWISXDifference
Sharpe ratioReturn per unit of total volatility
2.47
1.41

+1.06

Sortino ratioReturn per unit of downside risk
3.51
2.03

+1.47

Omega ratioGain probability vs. loss probability

1.46

1.26

+0.20

Calmar ratioReturn relative to maximum drawdown

3.20

1.88

+1.32

Martin ratioReturn relative to average drawdown

14.28

7.06

+7.22

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. SWISX - Sharpe Ratio Comparison

The current SWYFX Sharpe Ratio is 2.47, which is higher than the SWISX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of SWYFX and SWISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWYFXSWISXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

1.41

+1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.54

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.55

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.31

+0.45

Drawdowns

SWYFX vs. SWISX - Drawdown Comparison

The maximum SWYFX drawdown since its inception was -25.51%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for SWYFX and SWISX.

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Drawdown Indicators

SWYFXSWISXDifference

Max Drawdown

Largest peak-to-trough decline

-25.51%

-60.65%

+35.14%

Max Drawdown (1Y)

Largest decline over 1 year

-6.82%

-11.39%

+4.57%

Max Drawdown (3Y)

Largest decline over 3 years

-11.61%

-13.68%

+2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-23.19%

-29.42%

+6.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.83%

—

Current Drawdown

Current decline from peak

0.00%

-0.47%

+0.47%

Average Drawdown

Average peak-to-trough decline

-4.01%

-14.81%

+10.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.52%

3.03%

-1.51%

Volatility

SWYFX vs. SWISX - Volatility Comparison

The current volatility for Schwab Target 2035 Index Fund (SWYFX) is 2.77%, while Schwab International Index Fund (SWISX) has a volatility of 4.69%. This indicates that SWYFX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWYFXSWISXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

4.69%

-1.92%

Volatility (6M)

Calculated over the trailing 6-month period

7.02%

12.35%

-5.33%

Volatility (1Y)

Calculated over the trailing 1-year period

8.83%

15.18%

-6.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.07%

16.28%

-4.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.84%

16.88%

-4.04%

SWYFX vs. SWISX - Expense Ratio Comparison

SWYFX has a 0.04% expense ratio, which is lower than SWISX's 0.06% 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. SWISX - Dividend Comparison

SWYFX's dividend yield for the trailing twelve months is around 2.09%, less than SWISX's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
SWISX
Schwab International Index Fund		3.24%3.55%3.29%3.31%2.73%3.34%1.88%3.09%3.15%2.71%3.19%2.71%
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%0.00%

Frequently Asked Questions

SWYFX and SWISX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWISX has higher volatility (4.69%) compared to SWYFX (2.77%). In terms of maximum drawdown, SWYFX dropped -25.51% vs SWISX's -60.65%.

SWYFX currently has the higher Sharpe Ratio (2.47 vs 1.41), 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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