SWYOX vs. SWYNX
SWYOX (Schwab Target 2065 Index Fund) and SWYNX (Schwab Target 2060 Index Fund) are both Target Retirement Date funds from Charles Schwab. SWYOX is passively managed, while SWYNX is actively managed. Over the past 5 years, SWYOX returned 10.00%/yr vs 10.27%/yr for SWYNX. Their 1.00 correlation means they have historically moved very closely together. Both charge a 0.08% expense ratio.
Performance
SWYOX vs. SWYNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWYOX having a 11.63% return and SWYNX slightly lower at 11.34%.
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%
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%
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. SWYNX - 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% |
SWYNX Schwab Target 2060 Index Fund | 11.34% | 20.19% | 14.71% | 23.96% | -17.93% | 15.49% |
Correlation
The correlation between SWYOX and SWYNX 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 SWYOX and SWYNX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SWYOX vs. SWYNX — Risk / Return Rank
SWYOX
SWYNX
SWYOX vs. SWYNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and Schwab Target 2060 Index Fund (SWYNX). 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 | SWYNX | 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 | 2.33 | 2.31 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.02 | 9.96 | +0.05 |
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Drawdowns
SWYOX vs. SWYNX - Drawdown Comparison
The maximum SWYOX drawdown since its inception was -26.02%, smaller than the maximum SWYNX drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for SWYOX and SWYNX.
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Drawdown Indicators
| SWYOX | SWYNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -31.91% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -9.01% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -15.75% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -25.90% | -0.12% |
Current DrawdownCurrent decline from peak | -1.39% | -1.38% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -4.82% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.09% | +0.03% |
Volatility
SWYOX vs. SWYNX - Volatility Comparison
Schwab Target 2065 Index Fund (SWYOX) and Schwab Target 2060 Index Fund (SWYNX) have volatilities of 3.61% and 3.54%, 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
| SWYOX | SWYNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 3.54% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 10.72% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 12.91% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 15.53% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 16.57% | -1.14% |
SWYOX vs. SWYNX - Expense Ratio Comparison
Both SWYOX and SWYNX 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
SWYOX vs. SWYNX - Dividend Comparison
SWYOX's dividend yield for the trailing twelve months is around 1.68%, less than SWYNX's 1.73% 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, SWYOX and SWYNX 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, SWYOX dropped -26.02% vs SWYNX's -31.91%.
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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