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SWYGX vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWYGX vs. SWVXX

Last updated Jun 23, 2026

SWYGX (Schwab Target 2040 Index Fund) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both mutual funds - SWYGX 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, SWYGX returned 9.08%/yr vs 3.14%/yr for SWVXX. At a correlation of -0.00, they often move in opposite directions. SWYGX charges 0.04%/yr vs 0.34%/yr for SWVXX.

Performance

SWYGX vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2040 Index Fund (SWYGX) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWYGX achieves a 10.03% return, which is significantly higher than SWVXX's 1.45% return.

SWYGX

1D
0.91%
1M
1.47%
YTD
10.03%
6M
9.80%
1Y
23.24%
3Y*
16.09%
5Y*
9.08%
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)

SWYGX vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SWYGX
Schwab Target 2040 Index Fund		10.03%17.57%12.83%19.45%-16.94%6.66%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.45%4.15%5.16%5.04%0.00%0.00%

Correlation

The correlation between SWYGX 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

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Schwab Target 2040 Index Fund

Schwab Prime Advantage Money Fund Investor Shares

Often compared with SWYGX:
SWYGX vs. VFORXSWYGX vs. SWYEXSWYGX vs. VFIAXSWYGX vs. SWPPXSWYGX vs. TRRJXSWYGX vs. PRWAXSWYGX vs. SWYLX
Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

SWYGX vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWYGX
SWYGX Risk / Return Rank: 6969
Overall Rank
SWYGX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SWYGX Sortino Ratio Rank: 6666
Sortino Ratio Rank
SWYGX Omega Ratio Rank: 6565
Omega Ratio Rank
SWYGX Calmar Ratio Rank: 6969
Calmar Ratio Rank
SWYGX Martin Ratio Rank: 7777
Martin Ratio Rank
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.

SWYGX vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Index Fund (SWYGX) 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.

SWYGXSWVXXDifference
Sharpe ratioReturn per unit of total volatility
2.22
3.71

-1.49

Sortino ratioReturn per unit of downside risk
3.09

—

—

Omega ratioGain probability vs. loss probability

1.41

—

—

Calmar ratioReturn relative to maximum drawdown

3.07

—

—

Martin ratioReturn relative to average drawdown

13.49

—

—

SWYGX vs. SWVXX - Sharpe Ratio Comparison

The current SWYGX 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 SWYGX 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.

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Drawdowns

SWYGX vs. SWVXX - Drawdown Comparison

The maximum SWYGX drawdown since its inception was -27.62%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWYGX and SWVXX.

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Drawdown Indicators

SWYGXSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-27.62%

0.00%

-27.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.50%

0.00%

-7.50%

Max Drawdown (3Y)

Largest decline over 3 years

-12.96%

0.00%

-12.96%

Max Drawdown (5Y)

Largest decline over 5 years

-24.07%

0.00%

-24.07%

Current Drawdown

Current decline from peak

-0.31%

0.00%

-0.31%

Average Drawdown

Average peak-to-trough decline

-4.16%

0.00%

-4.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

0.00%

+1.70%

Volatility

SWYGX vs. SWVXX - Volatility Comparison

Schwab Target 2040 Index Fund (SWYGX) has a higher volatility of 4.09% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that SWYGX'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.

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Volatility by Period

SWYGXSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

0.29%

+3.80%

Volatility (6M)

Calculated over the trailing 6-month period

8.54%

0.70%

+7.84%

Volatility (1Y)

Calculated over the trailing 1-year period

10.36%

1.10%

+9.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.26%

1.09%

+12.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.04%

1.09%

+12.95%

SWYGX vs. SWVXX - Expense Ratio Comparison

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

Dividends

SWYGX vs. SWVXX - Dividend Comparison

SWYGX's dividend yield for the trailing twelve months is around 2.03%, less than SWVXX's 3.77% yield.

PositionTTM2025202420232022202120202019201820172016
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%
SWYGX
Schwab Target 2040 Index Fund		2.03%2.23%2.28%2.06%2.03%1.80%1.72%1.95%2.21%1.44%1.13%

Frequently Asked Questions

SWYGX 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.

SWYGX has higher volatility (4.09%) compared to SWVXX (0.29%). In terms of maximum drawdown, SWYGX dropped -27.62% vs SWVXX's 0.00%.

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.

Portfolio Optimizer

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