SWYHX vs. SWSSX
Compare and contrast key facts about Schwab Target 2045 Index Fund (SWYHX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SWYHX 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
SWYHX vs. SWSSX - Performance Comparison
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SWYHX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYHX Schwab Target 2045 Index Fund | -1.18% | 18.65% | 13.72% | 20.34% | -17.37% | 17.04% | 14.50% | 24.80% | -7.28% | 20.07% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 0.90% | 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, SWYHX achieves a -1.18% return, which is significantly lower than SWSSX's 0.90% return.
SWYHX
- 1D
- 2.50%
- 1M
- -4.95%
- YTD
- -1.18%
- 6M
- 1.05%
- 1Y
- 17.44%
- 3Y*
- 14.64%
- 5Y*
- 7.97%
- 10Y*
- —
SWSSX
- 1D
- 3.48%
- 1M
- -5.84%
- YTD
- 0.90%
- 6M
- 2.87%
- 1Y
- 25.74%
- 3Y*
- 13.11%
- 5Y*
- 3.50%
- 10Y*
- 9.87%
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SWYHX vs. SWSSX - Expense Ratio Comparison
Both SWYHX 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
SWYHX vs. SWSSX — Risk / Return Rank
SWYHX
SWSSX
SWYHX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Index Fund (SWYHX) 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.
| SWYHX | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.11 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.66 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.81 | -0.07 |
Martin ratioReturn relative to average drawdown | 8.20 | 6.78 | +1.42 |
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
| SWYHX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.11 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.16 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.34 | +0.33 |
Correlation
The correlation between SWYHX 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
SWYHX vs. SWSSX - Dividend Comparison
SWYHX's dividend yield for the trailing twelve months is around 2.11%, more than SWSSX's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYHX Schwab Target 2045 Index Fund | 2.11% | 2.08% | 2.13% | 2.02% | 1.98% | 1.80% | 1.65% | 1.96% | 2.23% | 1.42% | 1.05% | 0.00% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.28% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SWYHX vs. SWSSX - Drawdown Comparison
The maximum SWYHX drawdown since its inception was -29.41%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SWYHX and SWSSX.
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Drawdown Indicators
| SWYHX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.41% | -60.34% | +30.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -13.90% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.92% | -31.93% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -5.85% | -7.91% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -10.78% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.71% | -1.52% |
Volatility
SWYHX vs. SWSSX - Volatility Comparison
The current volatility for Schwab Target 2045 Index Fund (SWYHX) is 5.25%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 7.53%. This indicates that SWYHX 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
| SWYHX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 7.53% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 14.53% | -6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 23.31% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 22.62% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 24.05% | -8.99% |