SWYHX vs. FITLX

Last updated Jun 5, 2026

SWYHX (Schwab Target 2045 Index Fund) and FITLX (Fidelity US Sustainability Index Fund) are both mutual funds - SWYHX is a Target Retirement Date fund managed by Charles Schwab, while FITLX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, SWYHX returned 9.38%/yr vs 13.74%/yr for FITLX. Their correlation of 0.93 suggests significant overlap in exposure. SWYHX charges 0.04%/yr vs 0.11%/yr for FITLX.

Performance

SWYHX vs. FITLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2045 Index Fund (SWYHX) and Fidelity US Sustainability Index Fund (FITLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWYHX achieves a 10.62% return, which is significantly higher than FITLX's 9.39% return.

SWYHX

• 1D: -0.64%
• 1M: 3.12%
• YTD: 10.62%
• 6M: 11.02%
• 1Y: 24.49%
• 3Y*: 18.09%
• 5Y*: 9.38%
• 10Y*: —

FITLX

• 1D: -0.98%
• 1M: 3.90%
• YTD: 9.39%
• 6M: 9.77%
• 1Y: 27.50%
• 3Y*: 22.32%
• 5Y*: 13.74%
• 10Y*: —

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

SWYHX vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYHX Schwab Target 2045 Index Fund	10.62%	18.65%	13.72%	20.34%	-17.37%	17.04%	14.50%	24.80%	-7.28%	11.43%
FITLX Fidelity US Sustainability Index Fund	9.39%	18.77%	23.59%	29.04%	-20.28%	31.55%	18.69%	31.54%	-3.32%	13.07%

Correlation

The correlation between SWYHX and FITLX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 10, 2017	0.93

The correlation between SWYHX and FITLX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

SWYHX vs. FITLX — Risk / Return Rank

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

SWYHX

SWYHX Risk / Return Rank: 63
SWYHX Sharpe Ratio Rank: 62
SWYHX Sortino Ratio Rank: 61
SWYHX Omega Ratio Rank: 58
SWYHX Calmar Ratio Rank: 63
SWYHX Martin Ratio Rank: 72

FITLX

FITLX Risk / Return Rank: 50
FITLX Sharpe Ratio Rank: 53
FITLX Sortino Ratio Rank: 51
FITLX Omega Ratio Rank: 50
FITLX Calmar Ratio Rank: 42
FITLX Martin Ratio Rank: 52

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.

SWYHX vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Index Fund (SWYHX) and Fidelity US Sustainability Index Fund (FITLX). 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.

	SWYHX	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.16	+0.17
Sortino ratio: Return per unit of downside risk	3.28	3.02	+0.26
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.05	2.48	+0.57
Martin ratio: Return relative to average drawdown	13.69	10.77	+2.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYHX vs. FITLX - Sharpe Ratio Comparison

The current SWYHX Sharpe Ratio is 2.34, which is comparable to the FITLX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SWYHX and FITLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWYHX	FITLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.16	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.79	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.82	-0.07

Drawdowns

SWYHX vs. FITLX - Drawdown Comparison

The maximum SWYHX drawdown since its inception was -29.41%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for SWYHX and FITLX.

Drawdown Indicators

	SWYHX	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-29.41%	-34.35%	+4.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-11.15%	+3.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.14%	-19.99%	+5.85%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-26.91%	+1.99%
Current Drawdown Current decline from peak	-0.64%	-1.42%	+0.78%
Average Drawdown Average peak-to-trough decline	-4.38%	-5.07%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.56%	-0.75%

Volatility

SWYHX vs. FITLX - Volatility Comparison

The current volatility for Schwab Target 2045 Index Fund (SWYHX) is 3.25%, while Fidelity US Sustainability Index Fund (FITLX) has a volatility of 3.68%. This indicates that SWYHX experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYHX	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.68%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	9.82%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	12.81%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	17.58%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	19.10%	-4.09%

SWYHX vs. FITLX - Expense Ratio Comparison

SWYHX has a 0.04% expense ratio, which is lower than FITLX's 0.11% 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%.

Dividends

SWYHX vs. FITLX - Dividend Comparison

SWYHX's dividend yield for the trailing twelve months is around 1.88%, more than FITLX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FITLX Fidelity US Sustainability Index Fund	1.01%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%	0.00%
SWYHX Schwab Target 2045 Index Fund	1.88%	2.08%	2.13%	2.02%	1.98%	1.80%	1.65%	1.96%	2.23%	1.42%	1.05%

Frequently Asked Questions

Can I hold both SWYHX and FITLX in my portfolio?

With a correlation of 0.91, SWYHX and FITLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SWYHX or FITLX?

FITLX has higher volatility (3.68%) compared to SWYHX (3.25%). In terms of maximum drawdown, SWYHX dropped -29.41% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

SWYHX currently has the higher Sharpe Ratio (2.34 vs 2.16), 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.