SWYMX vs. DRILX

Last updated Jun 3, 2026

SWYMX (Schwab Target 2050 Index Fund) and DRILX (Dimensional 2060 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, SWYMX returned 9.96%/yr vs 11.56%/yr for DRILX. With a 0.96 correlation, they move nearly in lockstep. SWYMX charges 0.04%/yr vs 0.22%/yr for DRILX.

Performance

SWYMX vs. DRILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2050 Index Fund (SWYMX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SWYMX having a 11.75% return and DRILX slightly higher at 12.00%.

SWYMX

• 1D: 0.21%
• 1M: 4.06%
• YTD: 11.75%
• 6M: 12.78%
• 1Y: 26.98%
• 3Y*: 19.02%
• 5Y*: 9.96%
• 10Y*: —

DRILX

• 1D: 0.27%
• 1M: 4.20%
• YTD: 12.00%
• 6M: 13.17%
• 1Y: 28.13%
• 3Y*: 20.33%
• 5Y*: 11.56%
• 10Y*: 12.66%

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

SWYMX vs. DRILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWYMX Schwab Target 2050 Index Fund	11.75%	19.42%	14.24%	20.92%	-17.65%	17.80%	14.66%	25.34%	-7.58%	20.48%
DRILX Dimensional 2060 Target Date Retirement Income Fund	12.00%	19.66%	17.10%	21.37%	-15.28%	21.08%	14.10%	25.61%	-9.07%	21.51%

Correlation

The correlation between SWYMX and DRILX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.96

The correlation between SWYMX and DRILX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

SWYMX vs. DRILX — Risk / Return Rank

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

SWYMX

SWYMX Risk / Return Rank: 70
SWYMX Sharpe Ratio Rank: 72
SWYMX Sortino Ratio Rank: 68
SWYMX Omega Ratio Rank: 65
SWYMX Calmar Ratio Rank: 69
SWYMX Martin Ratio Rank: 76

DRILX

DRILX Risk / Return Rank: 86
DRILX Sharpe Ratio Rank: 88
DRILX Sortino Ratio Rank: 85
DRILX Omega Ratio Rank: 79
DRILX Calmar Ratio Rank: 88
DRILX Martin Ratio Rank: 92

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.

SWYMX vs. DRILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2050 Index Fund (SWYMX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). 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.

	SWYMX	DRILX	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.88	-0.41
Sortino ratio Return per unit of downside risk	3.43	4.03	-0.60
Omega ratio Gain probability vs. loss probability	1.45	1.52	-0.08
Calmar ratio Return relative to maximum drawdown	3.22	4.28	-1.05
Martin ratio Return relative to average drawdown	14.41	19.49	-5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYMX vs. DRILX - Sharpe Ratio Comparison

The current SWYMX Sharpe Ratio is 2.48, which is comparable to the DRILX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of SWYMX and DRILX, 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

	SWYMX	DRILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.88	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.80	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.81	-0.07

Drawdowns

SWYMX vs. DRILX - Drawdown Comparison

The maximum SWYMX drawdown since its inception was -30.48%, smaller than the maximum DRILX drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for SWYMX and DRILX.

Drawdown Indicators

	SWYMX	DRILX	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-33.48%	+3.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-8.58%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-15.76%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-23.50%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.48%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.51%	-4.24%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.88%	+0.03%

Volatility

SWYMX vs. DRILX - Volatility Comparison

Schwab Target 2050 Index Fund (SWYMX) has a higher volatility of 3.38% compared to Dimensional 2060 Target Date Retirement Income Fund (DRILX) at 3.12%. This indicates that SWYMX's price experiences larger fluctuations and is considered to be riskier than DRILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYMX	DRILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.12%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	8.74%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	11.09%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	14.84%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	15.75%	-0.12%

SWYMX vs. DRILX - Expense Ratio Comparison

SWYMX has a 0.04% expense ratio, which is lower than DRILX's 0.22% 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

SWYMX vs. DRILX - Dividend Comparison

SWYMX's dividend yield for the trailing twelve months is around 1.79%, more than DRILX's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRILX Dimensional 2060 Target Date Retirement Income Fund	1.34%	1.47%	2.40%	3.26%	3.97%	2.25%	2.11%	2.12%	2.25%	0.91%	1.96%
SWYMX Schwab Target 2050 Index Fund	1.79%	2.00%	2.03%	1.99%	1.96%	1.78%	1.65%	1.96%	2.15%	1.43%	1.22%

Frequently Asked Questions

Can I hold both SWYMX and DRILX in my portfolio?

SWYMX and DRILX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWYMX or DRILX?

SWYMX has higher volatility (3.38%) compared to DRILX (3.12%). In terms of maximum drawdown, SWYMX dropped -30.48% vs DRILX's -33.48%.

Which has better risk-adjusted returns?

DRILX currently has the higher Sharpe Ratio (2.88 vs 2.48), 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.