SWYGX vs. SWSSX
Compare and contrast key facts about Schwab Target 2040 Index Fund (SWYGX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SWYGX is managed by Charles Schwab. It was launched on Aug 24, 2016. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
SWYGX vs. SWSSX - Performance Comparison
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SWYGX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYGX Schwab Target 2040 Index Fund | -3.28% | 17.57% | 12.83% | 19.45% | -16.94% | 15.68% | 14.19% | 23.63% | -6.62% | 19.12% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, SWYGX achieves a -3.28% return, which is significantly lower than SWSSX's -2.49% return.
SWYGX
- 1D
- -0.10%
- 1M
- -7.11%
- YTD
- -3.28%
- 6M
- -0.84%
- 1Y
- 14.04%
- 3Y*
- 12.98%
- 5Y*
- 7.21%
- 10Y*
- —
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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SWYGX vs. SWSSX - Expense Ratio Comparison
Both SWYGX and SWSSX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
SWYGX vs. SWSSX — Risk / Return Rank
SWYGX
SWSSX
SWYGX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Index Fund (SWYGX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.91 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.40 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.33 | +0.03 |
Martin ratioReturn relative to average drawdown | 6.48 | 5.02 | +1.46 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.91 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.14 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.33 | +0.33 |
Correlation
The correlation between SWYGX and SWSSX is 0.85, 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. SWSSX - Dividend Comparison
SWYGX's dividend yield for the trailing twelve months is around 2.31%, more than SWSSX's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SWYGX vs. SWSSX - Drawdown Comparison
The maximum SWYGX drawdown since its inception was -27.62%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SWYGX and SWSSX.
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Drawdown Indicators
| SWYGX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -60.34% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -13.90% | +4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -31.93% | +7.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -7.50% | -11.00% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -10.78% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.68% | -1.68% |
Volatility
SWYGX vs. SWSSX - Volatility Comparison
The current volatility for Schwab Target 2040 Index Fund (SWYGX) is 4.13%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that SWYGX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYGX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 6.59% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 14.12% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 23.11% | -9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 22.57% | -9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 24.03% | -9.98% |