SWYOX vs. QQQ
Compare and contrast key facts about Schwab Target 2065 Index Fund (SWYOX) and Invesco QQQ ETF (QQQ).
SWYOX is managed by Charles Schwab. It was launched on Feb 24, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
SWYOX vs. QQQ - Performance Comparison
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SWYOX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | -3.97% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 33.28% |
Returns By Period
In the year-to-date period, SWYOX achieves a -3.97% return, which is significantly higher than QQQ's -5.93% return.
SWYOX
- 1D
- -0.28%
- 1M
- -8.53%
- YTD
- -3.97%
- 6M
- -1.17%
- 1Y
- 16.64%
- 3Y*
- 14.89%
- 5Y*
- 8.38%
- 10Y*
- —
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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SWYOX vs. QQQ - Expense Ratio Comparison
SWYOX has a 0.04% expense ratio, which is lower than QQQ's 0.18% 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%.
Return for Risk
SWYOX vs. QQQ — Risk / Return Rank
SWYOX
QQQ
SWYOX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.05 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.63 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.88 | -0.58 |
Martin ratioReturn relative to average drawdown | 6.19 | 6.95 | -0.76 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.05 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.58 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.21 |
Correlation
The correlation between SWYOX and QQQ is 0.86, 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. QQQ - Dividend Comparison
SWYOX's dividend yield for the trailing twelve months is around 1.95%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | 1.95% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
SWYOX vs. QQQ - Drawdown Comparison
The maximum SWYOX drawdown since its inception was -26.02%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SWYOX and QQQ.
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Drawdown Indicators
| SWYOX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -82.97% | +56.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -12.62% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -35.12% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -9.13% | -8.98% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -32.99% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.41% | -0.98% |
Volatility
SWYOX vs. QQQ - Volatility Comparison
The current volatility for Schwab Target 2065 Index Fund (SWYOX) is 5.01%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that SWYOX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYOX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 6.51% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 12.77% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 22.67% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 22.39% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 22.25% | -6.80% |