SWYOX vs. FRAMX
Compare and contrast key facts about Schwab Target 2065 Index Fund (SWYOX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SWYOX is managed by Charles Schwab. It was launched on Feb 24, 2021. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SWYOX vs. FRAMX - Performance Comparison
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SWYOX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | -1.23% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 3.61% |
Returns By Period
In the year-to-date period, SWYOX achieves a -1.23% return, which is significantly lower than FRAMX's 0.18% return.
SWYOX
- 1D
- 2.85%
- 1M
- -5.50%
- YTD
- -1.23%
- 6M
- 1.23%
- 1Y
- 19.58%
- 3Y*
- 15.97%
- 5Y*
- 8.74%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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SWYOX vs. FRAMX - Expense Ratio Comparison
SWYOX has a 0.04% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SWYOX vs. FRAMX — Risk / Return Rank
SWYOX
FRAMX
SWYOX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SWYOX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.64 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.30 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.22 | -0.50 |
Martin ratioReturn relative to average drawdown | 8.14 | 8.81 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWYOX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.64 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.42 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.50 | +0.12 |
Correlation
The correlation between SWYOX and FRAMX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWYOX vs. FRAMX - Dividend Comparison
SWYOX's dividend yield for the trailing twelve months is around 1.89%, less than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | 1.89% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SWYOX vs. FRAMX - Drawdown Comparison
The maximum SWYOX drawdown since its inception was -26.02%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SWYOX and FRAMX.
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Drawdown Indicators
| SWYOX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -33.94% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -3.45% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -16.31% | -9.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -6.54% | -2.47% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -3.86% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 0.87% | +1.59% |
Volatility
SWYOX vs. FRAMX - Volatility Comparison
Schwab Target 2065 Index Fund (SWYOX) has a higher volatility of 5.96% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that SWYOX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYOX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 2.14% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 2.95% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 4.64% | +11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 5.22% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 4.48% | +11.01% |