SWYNX vs. SWYOX
SWYNX (Schwab Target 2060 Index Fund) and SWYOX (Schwab Target 2065 Index Fund) are both Target Retirement Date funds from Charles Schwab. SWYNX is actively managed, while SWYOX is passively managed. Over the past 5 years, SWYNX returned 10.27%/yr vs 10.00%/yr for SWYOX. Their 1.00 correlation means they have historically moved very closely together. Both charge a 0.08% expense ratio.
Performance
SWYNX vs. SWYOX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SWYNX having a 11.34% return and SWYOX slightly higher at 11.63%.
SWYNX
- 1D
- 1.79%
- 1M
- -0.40%
- 6M
- 8.21%
- YTD
- 11.34%
- 1Y
- 22.81%
- 3Y*
- 17.74%
- 5Y*
- 10.27%
- 10Y*
- —
- ALL TIME*
- 11.82%
SWYOX
- 1D
- 1.87%
- 1M
- -0.37%
- 6M
- 8.37%
- YTD
- 11.63%
- 1Y
- 23.32%
- 3Y*
- 17.19%
- 5Y*
- 10.00%
- 10Y*
- —
- ALL TIME*
- 11.41%
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 |
SWYNX vs. SWYOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWYNX Schwab Target 2060 Index Fund | 11.34% | 20.19% | 14.71% | 23.96% | -17.93% | 15.49% |
SWYOX Schwab Target 2065 Index Fund | 11.63% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
Correlation
The correlation between SWYNX and SWYOX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 1.00 |
The correlation between SWYNX and SWYOX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SWYNX vs. SWYOX — Risk / Return Rank
SWYNX
SWYOX
SWYNX vs. SWYOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2060 Index Fund (SWYNX) and Schwab Target 2065 Index Fund (SWYOX). 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.
| SWYNX | SWYOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.33 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.96 | 10.02 | -0.05 |
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Drawdowns
SWYNX vs. SWYOX - Drawdown Comparison
The maximum SWYNX drawdown since its inception was -31.91%, which is greater than SWYOX's maximum drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for SWYNX and SWYOX.
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Drawdown Indicators
| SWYNX | SWYOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -26.02% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -9.13% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -16.05% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -26.02% | +0.12% |
Current DrawdownCurrent decline from peak | -1.38% | -1.39% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -5.59% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.12% | -0.03% |
Volatility
SWYNX vs. SWYOX - Volatility Comparison
Schwab Target 2060 Index Fund (SWYNX) and Schwab Target 2065 Index Fund (SWYOX) have volatilities of 3.54% and 3.61%, 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.
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Volatility by Period
| SWYNX | SWYOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.61% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 10.89% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 13.15% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 15.73% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 15.43% | +1.14% |
SWYNX vs. SWYOX - Expense Ratio Comparison
Both SWYNX and SWYOX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWYNX vs. SWYOX - Dividend Comparison
SWYNX's dividend yield for the trailing twelve months is around 1.73%, more than SWYOX's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SWYNX Schwab Target 2060 Index Fund | 1.73% | 1.92% | 1.97% | 4.00% | 1.96% | 1.77% | 1.66% | 1.99% | 0.00% | 1.45% |
SWYOX Schwab Target 2065 Index Fund | 1.68% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, SWYNX and SWYOX 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.
SWYOX has higher volatility (3.61%) compared to SWYNX (3.54%). In terms of maximum drawdown, SWYNX dropped -31.91% vs SWYOX's -26.02%.
SWYOX currently has the higher Sharpe Ratio (1.62 vs 1.62), 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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