SWYJX vs. SWJRX

Last updated Aug 4, 2026

SWYJX (Schwab Target 2055 Index Fund) and SWJRX (Schwab Monthly Income Fund - Moderate Payout) are both mutual funds - SWYJX is a Target Retirement Date fund tracking the Target 2055 Passive Composite Index, while SWJRX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 5 years, SWYJX returned 9.69%/yr vs 3.93%/yr for SWJRX. Their correlation of 0.84 means they have usually moved in the same direction. SWYJX charges 0.08%/yr vs 0.00%/yr for SWJRX.

Performance

SWYJX vs. SWJRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2055 Index Fund (SWYJX) and Schwab Monthly Income Fund - Moderate Payout (SWJRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWYJX achieves a 11.25% return, which is significantly higher than SWJRX's 7.90% return.

SWYJX

• 1D: 0.16%
• 1M: -0.24%
• 6M: 7.67%
• YTD: 11.25%
• 1Y: 22.56%
• 3Y*: 16.96%
• 5Y*: 9.69%
• 10Y*: —
• ALL TIME*: 11.57%

SWJRX

• 1D: -0.63%
• 1M: 0.64%
• 6M: 4.20%
• YTD: 7.90%
• 1Y: 14.00%
• 3Y*: 9.44%
• 5Y*: 3.93%
• 10Y*: 5.23%
• ALL TIME*: 5.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SWJRX Schwab Monthly Income Fund - Moderate Payout	$0.00	$0.00	$0.00
SWYJX Schwab Target 2055 Index Fund	$0.00	$0.00	$0.00

SWYJX vs. SWJRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYJX Schwab Target 2055 Index Fund	11.25%	19.90%	14.52%	21.23%	-17.80%	18.36%	14.79%	25.78%	-7.85%	21.01%
SWJRX Schwab Monthly Income Fund - Moderate Payout	7.90%	12.17%	3.83%	8.79%	-12.81%	9.23%	5.32%	16.40%	-6.31%	10.80%

Correlation

The correlation between SWYJX and SWJRX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016	0.84

Over the past year, the correlation between SWYJX and SWJRX has dropped to 0.60 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

SWYJX vs. SWJRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWYJX

SWYJX Risk / Return Rank: 71
SWYJX Sharpe Ratio Rank: 69
SWYJX Sortino Ratio Rank: 65
SWYJX Omega Ratio Rank: 66
SWYJX Calmar Ratio Rank: 71
SWYJX Martin Ratio Rank: 81

SWJRX

SWJRX Risk / Return Rank: 89
SWJRX Sharpe Ratio Rank: 94
SWJRX Sortino Ratio Rank: 93
SWJRX Omega Ratio Rank: 89
SWJRX Calmar Ratio Rank: 86
SWJRX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWYJX vs. SWJRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2055 Index Fund (SWYJX) and Schwab Monthly Income Fund - Moderate Payout (SWJRX). 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.

	SWYJX	SWJRX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.46	-0.77
Sortino ratio: Return per unit of downside risk	2.37	3.68	-1.31
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	2.42	3.12	-0.70
Martin ratio: Return relative to average drawdown	10.40	11.19	-0.79

SWYJX vs. SWJRX - Sharpe Ratio Comparison

The current SWYJX Sharpe Ratio is 1.69, which is lower than the SWJRX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of SWYJX and SWJRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWYJX vs. SWJRX - Drawdown Comparison

The maximum SWYJX drawdown since its inception was -31.18%, which is greater than SWJRX's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for SWYJX and SWJRX.

Drawdown Indicators

	SWYJX	SWJRX	Difference
Max Drawdown Largest peak-to-trough decline	-31.18%	-25.61%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-4.55%	-4.28%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-7.15%	-8.31%
Max Drawdown (5Y) Largest decline over 5 years	-25.69%	-20.87%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.87%	—
Current Drawdown Current decline from peak	-1.20%	-0.89%	-0.31%
Average Drawdown Average peak-to-trough decline	-4.57%	-3.86%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.26%	+0.79%

Volatility

SWYJX vs. SWJRX - Volatility Comparison

Schwab Target 2055 Index Fund (SWYJX) has a higher volatility of 3.45% compared to Schwab Monthly Income Fund - Moderate Payout (SWJRX) at 1.81%. This indicates that SWYJX's price experiences larger fluctuations and is considered to be riskier than SWJRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYJX	SWJRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	1.81%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	4.57%	+5.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	5.77%	+6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	8.73%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	8.56%	+7.49%

SWYJX vs. SWJRX - Expense Ratio Comparison

SWYJX has a 0.08% expense ratio, which is higher than SWJRX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SWYJX vs. SWJRX - Dividend Comparison

SWYJX's dividend yield for the trailing twelve months is around 1.75%, less than SWJRX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWJRX Schwab Monthly Income Fund - Moderate Payout	4.30%	4.78%	4.94%	4.80%	8.67%	3.62%	2.49%	5.36%	3.47%	2.93%	6.05%	6.80%
SWYJX Schwab Target 2055 Index Fund	1.75%	1.95%	1.99%	1.99%	1.93%	1.77%	1.62%	1.96%	2.17%	1.47%	1.25%	0.00%

Frequently Asked Questions

Can I hold both SWYJX and SWJRX in my portfolio?

SWYJX and SWJRX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWYJX or SWJRX?

SWYJX has higher volatility (3.45%) compared to SWJRX (1.81%). In terms of maximum drawdown, SWYJX dropped -31.18% vs SWJRX's -25.61%.

Which has better risk-adjusted returns?

SWJRX currently has the higher Sharpe Ratio (2.46 vs 1.69), 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.