SWYGX vs. FRAMX
Compare and contrast key facts about Schwab Target 2040 Index Fund (SWYGX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SWYGX is managed by Charles Schwab. It was launched on Aug 24, 2016. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SWYGX vs. FRAMX - Performance Comparison
Loading graphics...
SWYGX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYGX Schwab Target 2040 Index Fund | -1.09% | 17.57% | 12.83% | 19.45% | -16.94% | 15.68% | 14.19% | 23.63% | -6.62% | 19.12% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SWYGX achieves a -1.09% return, which is significantly lower than FRAMX's 0.18% return.
SWYGX
- 1D
- 2.26%
- 1M
- -4.64%
- YTD
- -1.09%
- 6M
- 1.00%
- 1Y
- 16.15%
- 3Y*
- 13.83%
- 5Y*
- 7.47%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SWYGX vs. FRAMX - Expense Ratio Comparison
SWYGX has a 0.04% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SWYGX vs. FRAMX — Risk / Return Rank
SWYGX
FRAMX
SWYGX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Index Fund (SWYGX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SWYGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.64 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.30 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.22 | -0.47 |
Martin ratioReturn relative to average drawdown | 8.27 | 8.81 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SWYGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.64 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.42 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.50 | +0.18 |
Correlation
The correlation between SWYGX and FRAMX is 0.75, 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
SWYGX vs. FRAMX - Dividend Comparison
SWYGX's dividend yield for the trailing twelve months is around 2.25%, less than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYGX Schwab Target 2040 Index Fund | 2.25% | 2.23% | 2.28% | 2.06% | 2.03% | 1.80% | 1.72% | 1.95% | 2.21% | 1.44% | 1.13% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SWYGX vs. FRAMX - Drawdown Comparison
The maximum SWYGX drawdown since its inception was -27.62%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SWYGX and FRAMX.
Loading graphics...
Drawdown Indicators
| SWYGX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -33.94% | +6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -3.45% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -16.31% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -5.41% | -2.47% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -3.86% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.87% | +1.16% |
Volatility
SWYGX vs. FRAMX - Volatility Comparison
Schwab Target 2040 Index Fund (SWYGX) has a higher volatility of 4.87% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that SWYGX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SWYGX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 2.14% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 2.95% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 4.64% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 5.22% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 4.48% | +9.59% |