SWYLX vs. FRAMX
Compare and contrast key facts about Schwab Target 2020 Index Fund (SWYLX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SWYLX is managed by Charles Schwab. It was launched on Aug 24, 2016. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SWYLX vs. FRAMX - Performance Comparison
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SWYLX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYLX Schwab Target 2020 Index Fund | -1.95% | 12.23% | 8.03% | 13.15% | -13.79% | 8.06% | 11.04% | 16.21% | -3.08% | 12.11% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SWYLX achieves a -1.95% return, which is significantly lower than FRAMX's -0.57% return.
SWYLX
- 1D
- 0.15%
- 1M
- -4.49%
- YTD
- -1.95%
- 6M
- -0.26%
- 1Y
- 9.04%
- 3Y*
- 8.68%
- 5Y*
- 4.46%
- 10Y*
- —
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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SWYLX vs. FRAMX - Expense Ratio Comparison
SWYLX has a 0.04% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SWYLX vs. FRAMX — Risk / Return Rank
SWYLX
FRAMX
SWYLX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2020 Index Fund (SWYLX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SWYLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.50 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.09 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.00 | -0.41 |
Martin ratioReturn relative to average drawdown | 7.19 | 8.06 | -0.87 |
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
| SWYLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.50 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.49 | +0.24 |
Correlation
The correlation between SWYLX and FRAMX 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
SWYLX vs. FRAMX - Dividend Comparison
SWYLX's dividend yield for the trailing twelve months is around 5.82%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYLX Schwab Target 2020 Index Fund | 5.82% | 5.70% | 4.82% | 2.61% | 2.48% | 2.44% | 1.77% | 2.12% | 2.29% | 1.21% | 0.67% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SWYLX vs. FRAMX - Drawdown Comparison
The maximum SWYLX drawdown since its inception was -20.63%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SWYLX and FRAMX.
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Drawdown Indicators
| SWYLX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.63% | -33.94% | +13.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.58% | -3.45% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -16.31% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -4.56% | -3.20% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.87% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.86% | +0.38% |
Volatility
SWYLX vs. FRAMX - Volatility Comparison
Schwab Target 2020 Index Fund (SWYLX) has a higher volatility of 2.64% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that SWYLX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYLX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.96% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 2.86% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 4.59% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 5.21% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 4.47% | +3.80% |