SWYGX vs. FRHMX
Compare and contrast key facts about Schwab Target 2040 Index Fund (SWYGX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
SWYGX is managed by Charles Schwab. It was launched on Aug 24, 2016. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
SWYGX vs. FRHMX - Performance Comparison
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SWYGX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWYGX Schwab Target 2040 Index Fund | -3.28% | 17.57% | 12.83% | 19.45% | -16.94% | 15.68% | 14.19% | 8.07% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | -0.45% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Returns By Period
In the year-to-date period, SWYGX achieves a -3.28% return, which is significantly lower than FRHMX's -0.45% return.
SWYGX
- 1D
- -0.10%
- 1M
- -7.11%
- YTD
- -3.28%
- 6M
- -0.84%
- 1Y
- 14.04%
- 3Y*
- 12.98%
- 5Y*
- 7.21%
- 10Y*
- —
FRHMX
- 1D
- 0.27%
- 1M
- -3.16%
- YTD
- -0.45%
- 6M
- 0.86%
- 1Y
- 7.28%
- 3Y*
- 6.13%
- 5Y*
- 2.58%
- 10Y*
- —
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SWYGX vs. FRHMX - Expense Ratio Comparison
SWYGX has a 0.04% expense ratio, which is lower than FRHMX's 0.25% 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
SWYGX vs. FRHMX — Risk / Return Rank
SWYGX
FRHMX
SWYGX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Index Fund (SWYGX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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 | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.61 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.24 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.15 | -0.80 |
Martin ratioReturn relative to average drawdown | 6.48 | 8.71 | -2.23 |
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
| SWYGX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.61 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.50 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.71 | -0.04 |
Correlation
The correlation between SWYGX and FRHMX is 0.73, 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. FRHMX - Dividend Comparison
SWYGX's dividend yield for the trailing twelve months is around 2.31%, less than FRHMX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SWYGX Schwab Target 2040 Index Fund | 2.31% | 2.23% | 2.28% | 2.06% | 2.03% | 1.80% | 1.72% | 1.95% | 2.21% | 1.44% | 1.13% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.39% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWYGX vs. FRHMX - Drawdown Comparison
The maximum SWYGX drawdown since its inception was -27.62%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SWYGX and FRHMX.
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Drawdown Indicators
| SWYGX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -15.96% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -3.42% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -15.96% | -8.11% |
Current DrawdownCurrent decline from peak | -7.50% | -3.16% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -3.58% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.85% | +1.15% |
Volatility
SWYGX vs. FRHMX - Volatility Comparison
Schwab Target 2040 Index Fund (SWYGX) has a higher volatility of 4.13% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 1.96%. This indicates that SWYGX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYGX | FRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.96% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 2.86% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 4.59% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 5.22% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 5.14% | +8.91% |