SWYMX vs. PRMYX
SWYMX (Schwab Target 2050 Index Fund) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, SWYMX returned 9.40%/yr vs 4.08%/yr for PRMYX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. SWYMX charges 0.08%/yr vs 0.13%/yr for PRMYX.
Performance
SWYMX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYMX achieves a 10.70% return, which is significantly higher than PRMYX's 2.30% return.
SWYMX
- 1D
- 1.69%
- 1M
- -0.41%
- 6M
- 7.73%
- YTD
- 10.70%
- 1Y
- 21.61%
- 3Y*
- 16.31%
- 5Y*
- 9.40%
- 10Y*
- —
- ALL TIME*
- 11.30%
PRMYX
- 1D
- 0.58%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.30%
- 1Y
- 6.12%
- 3Y*
- 7.35%
- 5Y*
- 4.08%
- 10Y*
- 3.20%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWYMX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYMX Schwab Target 2050 Index Fund | 10.70% | 19.42% | 14.24% | 20.92% | -17.65% | 17.80% | 14.66% | 25.34% | -7.58% | 20.48% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 5.10% |
Correlation
The correlation between SWYMX and PRMYX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.73 |
The correlation between SWYMX and PRMYX shifts across timeframes, from 0.73 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SWYMX vs. PRMYX — Risk / Return Rank
SWYMX
PRMYX
SWYMX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2050 Index Fund (SWYMX) and Putnam RetirementReady Maturity Fund (PRMYX). 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.
| SWYMX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.76 | +0.56 |
| Martin ratioReturn relative to average drawdown | 9.96 | 7.09 | +2.88 |
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Drawdowns
SWYMX vs. PRMYX - Drawdown Comparison
The maximum SWYMX drawdown since its inception was -30.48%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for SWYMX and PRMYX.
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Drawdown Indicators
| SWYMX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -9.74% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -3.50% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -7.35% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -9.24% | -16.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.74% | — |
Current DrawdownCurrent decline from peak | -1.31% | -0.63% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -1.68% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.87% | +1.12% |
Volatility
SWYMX vs. PRMYX - Volatility Comparison
Schwab Target 2050 Index Fund (SWYMX) has a higher volatility of 3.33% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that SWYMX's price experiences larger fluctuations and is considered to be riskier than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYMX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.44% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 3.88% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 4.83% | +7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 5.26% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 4.50% | +11.10% |
SWYMX vs. PRMYX - Expense Ratio Comparison
SWYMX has a 0.08% expense ratio, which is lower than PRMYX's 0.13% 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. PRMYX - Dividend Comparison
SWYMX's dividend yield for the trailing twelve months is around 1.81%, less than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMYX Putnam RetirementReady Maturity Fund | 3.41% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
SWYMX Schwab Target 2050 Index Fund | 1.81% | 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
With a correlation of 0.91, SWYMX and PRMYX 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.
SWYMX has higher volatility (3.33%) compared to PRMYX (1.44%). In terms of maximum drawdown, SWYMX dropped -30.48% vs PRMYX's -9.74%.
SWYMX currently has the higher Sharpe Ratio (1.63 vs 1.27), 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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