SWYFX vs. SWVXX

Last updated Jun 23, 2026

SWYFX (Schwab Target 2035 Index Fund) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both mutual funds - SWYFX is a Target Retirement Date fund managed by Charles Schwab, while SWVXX is a Money Market fund actively managed by Charles Schwab. Over the past 5 years, SWYFX returned 8.24%/yr vs 3.14%/yr for SWVXX. At a correlation of -0.00, they often move in opposite directions. SWYFX charges 0.04%/yr vs 0.34%/yr for SWVXX.

Performance

SWYFX vs. SWVXX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWYFX achieves a 8.83% return, which is significantly higher than SWVXX's 1.45% return.

SWYFX

• 1D: 0.78%
• 1M: 1.32%
• YTD: 8.83%
• 6M: 8.67%
• 1Y: 20.89%
• 3Y*: 14.79%
• 5Y*: 8.24%
• 10Y*: —

SWVXX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.45%
• 6M: 1.77%
• 1Y: 3.85%
• 3Y*: 4.56%
• 5Y*: 3.14%
• 10Y*: —

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

SWYFX vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SWYFX Schwab Target 2035 Index Fund	8.83%	16.40%	11.71%	18.20%	-16.36%	6.27%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.45%	4.15%	5.16%	5.04%	0.00%	0.00%

Correlation

The correlation between SWYFX and SWVXX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 25, 2021	-0.00

Return for Risk

SWYFX vs. SWVXX — Risk / Return Rank

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

SWYFX

SWYFX Risk / Return Rank: 69
SWYFX Sharpe Ratio Rank: 68
SWYFX Sortino Ratio Rank: 68
SWYFX Omega Ratio Rank: 65
SWYFX Calmar Ratio Rank: 68
SWYFX Martin Ratio Rank: 76

SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). 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	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	3.71	-1.49
Sortino ratio: Return per unit of downside risk	3.12	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.04	—	—
Martin ratio: Return relative to average drawdown	13.32	—	—

SWYFX vs. SWVXX - Sharpe Ratio Comparison

The current SWYFX Sharpe Ratio is 2.22, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of SWYFX and SWVXX, 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

SWYFX vs. SWVXX - Drawdown Comparison

The maximum SWYFX drawdown since its inception was -25.51%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWYFX and SWVXX.

Drawdown Indicators

	SWYFX	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-25.51%	0.00%	-25.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	0.00%	-6.82%
Max Drawdown (3Y) Largest decline over 3 years	-11.61%	0.00%	-11.61%
Max Drawdown (5Y) Largest decline over 5 years	-23.19%	0.00%	-23.19%
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-4.00%	0.00%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	0.00%	+1.55%

Volatility

SWYFX vs. SWVXX - Volatility Comparison

Schwab Target 2035 Index Fund (SWYFX) has a higher volatility of 3.73% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that SWYFX's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYFX	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	0.29%	+3.44%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	0.70%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	9.34%	1.10%	+8.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	1.09%	+11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	1.09%	+11.76%

SWYFX vs. SWVXX - Expense Ratio Comparison

SWYFX has a 0.04% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

SWYFX vs. SWVXX - Dividend Comparison

SWYFX's dividend yield for the trailing twelve months is around 2.09%, less than SWVXX's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.77%	4.06%	5.02%	4.91%	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 SWVXX in my portfolio?

SWYFX and SWVXX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWYFX or SWVXX?

SWYFX has higher volatility (3.73%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWYFX dropped -25.51% vs SWVXX's 0.00%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.22), 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.