SWYOX vs. URTRX

Last updated Aug 2, 2026

SWYOX (Schwab Target 2065 Index Fund) and URTRX (USAA Target Retirement 2030 Fund) are both Target Retirement Date funds. Over the past 5 years, SWYOX returned 10.00%/yr vs 6.43%/yr for URTRX. Their 0.95 correlation means they have historically moved very closely together. SWYOX charges 0.08%/yr vs 0.03%/yr for URTRX.

Performance

SWYOX vs. URTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2065 Index Fund (SWYOX) and USAA Target Retirement 2030 Fund (URTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWYOX achieves a 11.63% return, which is significantly higher than URTRX's 8.39% 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%

URTRX

• 1D: 0.84%
• 1M: 0.35%
• 6M: 6.07%
• YTD: 8.39%
• 1Y: 15.94%
• 3Y*: 11.77%
• 5Y*: 6.43%
• 10Y*: 7.71%
• ALL TIME*: 7.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SWYOX Schwab Target 2065 Index Fund	$0.00	$0.00	$0.00
URTRX USAA Target Retirement 2030 Fund	$0.00	$0.00	$0.00

SWYOX vs. URTRX - 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%
URTRX USAA Target Retirement 2030 Fund	8.39%	14.78%	8.09%	13.98%	-13.23%	10.12%

Correlation

The correlation between SWYOX and URTRX is 0.98 - 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.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021	0.95

The correlation between SWYOX and URTRX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

SWYOX vs. URTRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWYOX

SWYOX Risk / Return Rank: 73
SWYOX Sharpe Ratio Rank: 71
SWYOX Sortino Ratio Rank: 69
SWYOX Omega Ratio Rank: 69
SWYOX Calmar Ratio Rank: 74
SWYOX Martin Ratio Rank: 83

URTRX

URTRX Risk / Return Rank: 84
URTRX Sharpe Ratio Rank: 83
URTRX Sortino Ratio Rank: 82
URTRX Omega Ratio Rank: 80
URTRX Calmar Ratio Rank: 85
URTRX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWYOX vs. URTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and USAA Target Retirement 2030 Fund (URTRX). 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	URTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.96	-0.35
Sortino ratio: Return per unit of downside risk	2.28	2.82	-0.55
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	2.33	2.90	-0.57
Martin ratio: Return relative to average drawdown	10.02	12.19	-2.18

SWYOX vs. URTRX - Sharpe Ratio Comparison

The current SWYOX Sharpe Ratio is 1.62, which is comparable to the URTRX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of SWYOX and URTRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWYOX vs. URTRX - Drawdown Comparison

The maximum SWYOX drawdown since its inception was -26.02%, smaller than the maximum URTRX drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for SWYOX and URTRX.

Drawdown Indicators

	SWYOX	URTRX	Difference
Max Drawdown Largest peak-to-trough decline	-26.02%	-34.10%	+8.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-5.29%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-16.05%	-9.12%	-6.93%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-19.52%	-6.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.56%	—
Current Drawdown Current decline from peak	-1.39%	-0.28%	-1.11%
Average Drawdown Average peak-to-trough decline	-5.59%	-4.12%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.25%	+0.87%

Volatility

SWYOX vs. URTRX - Volatility Comparison

Schwab Target 2065 Index Fund (SWYOX) has a higher volatility of 3.61% compared to USAA Target Retirement 2030 Fund (URTRX) at 2.00%. This indicates that SWYOX's price experiences larger fluctuations and is considered to be riskier than URTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYOX	URTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	2.00%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	6.61%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	7.81%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	9.76%	+5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	10.31%	+5.12%

SWYOX vs. URTRX - Expense Ratio Comparison

SWYOX has a 0.08% expense ratio, which is higher than URTRX's 0.03% expense ratio. However, 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. URTRX - Dividend Comparison

SWYOX's dividend yield for the trailing twelve months is around 1.68%, less than URTRX's 6.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
URTRX USAA Target Retirement 2030 Fund	6.25%	6.78%	3.16%	4.24%	9.53%	7.66%	4.53%	11.43%	8.54%	8.10%	4.06%	2.80%

Frequently Asked Questions

Can I hold both SWYOX and URTRX in my portfolio?

With a correlation of 0.98, SWYOX and URTRX 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.

Which is riskier, SWYOX or URTRX?

SWYOX has higher volatility (3.61%) compared to URTRX (2.00%). In terms of maximum drawdown, SWYOX dropped -26.02% vs URTRX's -34.10%.

Which has better risk-adjusted returns?

URTRX currently has the higher Sharpe Ratio (1.96 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.