SWYOX vs. ISOLX
SWYOX (Schwab Target 2065 Index Fund) and ISOLX (Voya Target In-Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, SWYOX returned 10.00%/yr vs 3.63%/yr for ISOLX. Their correlation of 0.83 means they have usually moved in the same direction. SWYOX charges 0.08%/yr vs 0.20%/yr for ISOLX.
Performance
SWYOX vs. ISOLX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYOX achieves a 11.63% return, which is significantly higher than ISOLX's 3.96% return.
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%
ISOLX
- 1D
- 0.77%
- 1M
- -0.67%
- 6M
- 2.34%
- YTD
- 3.96%
- 1Y
- 9.44%
- 3Y*
- 8.84%
- 5Y*
- 3.63%
- 10Y*
- 5.33%
- ALL TIME*
- 5.34%
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 |
SWYOX vs. ISOLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | 11.63% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
ISOLX Voya Target In-Retirement Fund | 3.96% | 11.96% | 7.03% | 11.13% | -14.97% | 6.98% |
Correlation
The correlation between SWYOX and ISOLX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.83 |
The correlation between SWYOX and ISOLX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
SWYOX vs. ISOLX — Risk / Return Rank
SWYOX
ISOLX
SWYOX vs. ISOLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and Voya Target In-Retirement Fund (ISOLX). 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.
| SWYOX | ISOLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.25 | +0.08 |
| Martin ratioReturn relative to average drawdown | 10.02 | 9.47 | +0.54 |
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Drawdowns
SWYOX vs. ISOLX - Drawdown Comparison
The maximum SWYOX drawdown since its inception was -26.02%, which is greater than ISOLX's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for SWYOX and ISOLX.
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Drawdown Indicators
| SWYOX | ISOLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -19.02% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -4.54% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -5.83% | -10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -19.02% | -7.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.02% | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.26% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -2.80% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.04% | +1.08% |
Volatility
SWYOX vs. ISOLX - Volatility Comparison
Schwab Target 2065 Index Fund (SWYOX) has a higher volatility of 3.61% compared to Voya Target In-Retirement Fund (ISOLX) at 1.75%. This indicates that SWYOX's price experiences larger fluctuations and is considered to be riskier than ISOLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYOX | ISOLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 1.75% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 4.99% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 6.08% | +7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 7.12% | +8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 6.60% | +8.83% |
SWYOX vs. ISOLX - Expense Ratio Comparison
SWYOX has a 0.08% expense ratio, which is lower than ISOLX's 0.20% 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
SWYOX vs. ISOLX - Dividend Comparison
SWYOX's dividend yield for the trailing twelve months is around 1.68%, less than ISOLX's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISOLX Voya Target In-Retirement Fund | 3.74% | 3.89% | 2.37% | 3.10% | 3.50% | 10.09% | 3.54% | 6.63% | 3.53% | 4.60% | 2.06% | 0.30% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SWYOX and ISOLX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWYOX has higher volatility (3.61%) compared to ISOLX (1.75%). In terms of maximum drawdown, SWYOX dropped -26.02% vs ISOLX's -19.02%.
ISOLX currently has the higher Sharpe Ratio (1.68 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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