SWYMX vs. PLTZX

Last updated Jun 3, 2026

SWYMX (Schwab Target 2050 Index Fund) and PLTZX (Principal LifeTime 2060 Fund) are both Target Retirement Date funds. Over the past 5 years, SWYMX returned 9.96%/yr vs 9.13%/yr for PLTZX. With a 0.97 correlation, they move nearly in lockstep. SWYMX charges 0.04%/yr vs 0.01%/yr for PLTZX.

Performance

SWYMX vs. PLTZX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWYMX achieves a 11.75% return, which is significantly higher than PLTZX's 9.19% return.

SWYMX

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

PLTZX

• 1D: 0.64%
• 1M: 3.95%
• YTD: 9.19%
• 6M: 10.04%
• 1Y: 22.71%
• 3Y*: 18.52%
• 5Y*: 9.13%
• 10Y*: 11.58%

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

SWYMX vs. PLTZX - 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%
PLTZX Principal LifeTime 2060 Fund	9.19%	17.76%	16.89%	20.36%	-18.81%	18.12%	16.60%	27.54%	-9.24%	22.68%

Correlation

The correlation between SWYMX and PLTZX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.97

The correlation between SWYMX and PLTZX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

SWYMX vs. PLTZX — 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

PLTZX

PLTZX Risk / Return Rank: 48
PLTZX Sharpe Ratio Rank: 45
PLTZX Sortino Ratio Rank: 44
PLTZX Omega Ratio Rank: 45
PLTZX Calmar Ratio Rank: 48
PLTZX Martin Ratio Rank: 60

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. PLTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2050 Index Fund (SWYMX) and Principal LifeTime 2060 Fund (PLTZX). 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	PLTZX	Difference
Sharpe ratio Return per unit of total volatility	2.48	1.98	+0.50
Sortino ratio Return per unit of downside risk	3.43	2.79	+0.64
Omega ratio Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio Return relative to maximum drawdown	3.22	2.66	+0.56
Martin ratio Return relative to average drawdown	14.41	12.02	+2.40
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. PLTZX - Sharpe Ratio Comparison

The current SWYMX Sharpe Ratio is 2.48, which is comparable to the PLTZX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SWYMX and PLTZX, 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	PLTZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.98	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.59	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.70	+0.04

Drawdowns

SWYMX vs. PLTZX - Drawdown Comparison

The maximum SWYMX drawdown since its inception was -30.48%, smaller than the maximum PLTZX drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for SWYMX and PLTZX.

Drawdown Indicators

	SWYMX	PLTZX	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-34.01%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-8.70%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-15.73%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-26.79%	+1.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.51%	-4.63%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.93%	-0.02%

Volatility

SWYMX vs. PLTZX - Volatility Comparison

Schwab Target 2050 Index Fund (SWYMX) and Principal LifeTime 2060 Fund (PLTZX) have volatilities of 3.38% and 3.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYMX	PLTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.30%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	9.44%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	11.82%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	15.46%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	15.99%	-0.36%

SWYMX vs. PLTZX - Expense Ratio Comparison

SWYMX has a 0.04% expense ratio, which is higher than PLTZX's 0.01% 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

SWYMX vs. PLTZX - Dividend Comparison

SWYMX's dividend yield for the trailing twelve months is around 1.79%, less than PLTZX's 7.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTZX Principal LifeTime 2060 Fund	7.63%	8.33%	7.85%	4.12%	8.44%	5.29%	3.60%	5.86%	5.75%	2.73%	3.48%	3.29%
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%	0.00%

Frequently Asked Questions

Can I hold both SWYMX and PLTZX in my portfolio?

With a correlation of 0.97, SWYMX and PLTZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SWYMX or PLTZX?

SWYMX has higher volatility (3.38%) compared to PLTZX (3.30%). In terms of maximum drawdown, SWYMX dropped -30.48% vs PLTZX's -34.01%.

Which has better risk-adjusted returns?

SWYMX currently has the higher Sharpe Ratio (2.48 vs 1.98), 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.