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SWYLX vs. VEIRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWYLX vs. VEIRX

Last updated Jun 4, 2026

SWYLX (Schwab Target 2020 Index Fund) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both mutual funds - SWYLX is a Target Retirement Date fund managed by Charles Schwab, while VEIRX is a Large Cap Value Equities fund managed by Vanguard. Over the past 5 years, SWYLX returned 5.44%/yr vs 11.11%/yr for VEIRX. A 0.77 correlation means they provide meaningful diversification when combined. SWYLX charges 0.04%/yr vs 0.19%/yr for VEIRX.

Performance

SWYLX vs. VEIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2020 Index Fund (SWYLX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWYLX achieves a 5.77% return, which is significantly lower than VEIRX's 9.73% return.

SWYLX

1D
0.14%
1M
2.52%
YTD
5.77%
6M
5.89%
1Y
14.58%
3Y*
11.09%
5Y*
5.44%
10Y*
—

VEIRX

1D
0.79%
1M
2.95%
YTD
9.73%
6M
9.86%
1Y
23.54%
3Y*
17.62%
5Y*
11.11%
10Y*
11.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWYLX vs. VEIRX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWYLX
Schwab Target 2020 Index Fund		5.77%12.23%8.03%13.15%-13.79%8.06%11.04%16.21%-3.08%12.11%
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.73%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%

Correlation

The correlation between SWYLX and VEIRX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Aug 31, 2016

0.77

The correlation between SWYLX and VEIRX has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

SWYLX vs. VEIRX - Sectors Allocation Comparison

Sectors
SWYLX
VEIRX

Technology

27.8%
13.0%

Financial Services

14.2%
20.5%

Industrials

11.0%
10.6%

Consumer Cyclical

8.9%
6.0%

Real Estate

8.2%
1.9%

Communication Services

8.0%
2.9%

Healthcare

8.0%
14.8%

Consumer Defensive

4.7%
9.4%

Energy

3.9%
8.3%

Basic Materials

3.1%
3.4%

Utilities

2.4%
7.0%

Technology

SWYLX
27.8%
VEIRX
13.0%

Financial Services

SWYLX
14.2%
VEIRX
20.5%

Industrials

SWYLX
11.0%
VEIRX
10.6%

Consumer Cyclical

SWYLX
8.9%
VEIRX
6.0%

Real Estate

SWYLX
8.2%
VEIRX
1.9%

Communication Services

SWYLX
8.0%
VEIRX
2.9%

Healthcare

SWYLX
8.0%
VEIRX
14.8%

Consumer Defensive

SWYLX
4.7%
VEIRX
9.4%

Energy

SWYLX
3.9%
VEIRX
8.3%

Basic Materials

SWYLX
3.1%
VEIRX
3.4%

Utilities

SWYLX
2.4%
VEIRX
7.0%

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Schwab Target 2020 Index Fund

Vanguard Equity Income Fund Admiral Shares

Often compared with SWYLX:
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Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDADXVEIRX vs. VDIGX

Return for Risk

SWYLX vs. VEIRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWYLX
SWYLX Risk / Return Rank: 7474
Overall Rank
SWYLX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SWYLX Sortino Ratio Rank: 7575
Sortino Ratio Rank
SWYLX Omega Ratio Rank: 7474
Omega Ratio Rank
SWYLX Calmar Ratio Rank: 6868
Calmar Ratio Rank
SWYLX Martin Ratio Rank: 7676
Martin Ratio Rank
VEIRX
VEIRX Risk / Return Rank: 6767
Overall Rank
VEIRX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 6666
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 6161
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 7676
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 6666
Martin Ratio Rank
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.

SWYLX vs. VEIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2020 Index Fund (SWYLX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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.

SWYLXVEIRXDifference
Sharpe ratioReturn per unit of total volatility
2.51
2.39

+0.12

Sortino ratioReturn per unit of downside risk
3.62
3.39

+0.23

Omega ratioGain probability vs. loss probability

1.48

1.44

+0.05

Calmar ratioReturn relative to maximum drawdown

3.17

3.44

-0.27

Martin ratioReturn relative to average drawdown

14.35

12.85

+1.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYLX vs. VEIRX - Sharpe Ratio Comparison

The current SWYLX Sharpe Ratio is 2.51, which is comparable to the VEIRX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SWYLX and VEIRX, 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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Sharpe Ratios by Period

SWYLXVEIRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.51

2.39

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.80

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.52

+0.31

Drawdowns

SWYLX vs. VEIRX - Drawdown Comparison

The maximum SWYLX drawdown since its inception was -20.63%, smaller than the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for SWYLX and VEIRX.

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Drawdown Indicators

SWYLXVEIRXDifference

Max Drawdown

Largest peak-to-trough decline

-20.63%

-54.02%

+33.39%

Max Drawdown (1Y)

Largest decline over 1 year

-4.70%

-7.13%

+2.43%

Max Drawdown (3Y)

Largest decline over 3 years

-7.02%

-13.36%

+6.34%

Max Drawdown (5Y)

Largest decline over 5 years

-20.63%

-15.12%

-5.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.26%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.48%

-6.50%

+3.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.91%

-0.87%

Volatility

SWYLX vs. VEIRX - Volatility Comparison

The current volatility for Schwab Target 2020 Index Fund (SWYLX) is 2.01%, while Vanguard Equity Income Fund Admiral Shares (VEIRX) has a volatility of 2.84%. This indicates that SWYLX experiences smaller price fluctuations and is considered to be less risky than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWYLXVEIRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.01%

2.84%

-0.83%

Volatility (6M)

Calculated over the trailing 6-month period

4.78%

7.65%

-2.87%

Volatility (1Y)

Calculated over the trailing 1-year period

5.94%

10.25%

-4.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.45%

13.92%

-5.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.25%

16.31%

-8.06%

SWYLX vs. VEIRX - Expense Ratio Comparison

SWYLX has a 0.04% expense ratio, which is lower than VEIRX's 0.19% 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

SWYLX vs. VEIRX - Dividend Comparison

SWYLX's dividend yield for the trailing twelve months is around 5.39%, less than VEIRX's 10.12% yield.

PositionTTM20252024202320222021202020192018201720162015
SWYLX
Schwab Target 2020 Index Fund		5.39%5.70%4.82%2.61%2.48%2.44%1.77%2.12%2.29%1.21%0.67%0.00%
VEIRX
Vanguard Equity Income Fund Admiral Shares		10.12%11.03%9.83%7.96%8.79%7.71%2.86%4.45%10.98%3.04%3.87%6.48%

Frequently Asked Questions

SWYLX and VEIRX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEIRX has higher volatility (2.84%) compared to SWYLX (2.01%). In terms of maximum drawdown, SWYLX dropped -20.63% vs VEIRX's -54.02%.

SWYLX currently has the higher Sharpe Ratio (2.51 vs 2.39), 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.

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