SWYOX vs. VSVNX

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab Target 2065 Index Fund (SWYOX) and Vanguard Target Retirement 2070 Fund (VSVNX).

SWYOX is managed by Charles Schwab. It was launched on Feb 24, 2021. VSVNX is managed by Vanguard. It was launched on Jun 28, 2022.

Performance

SWYOX vs. VSVNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Target 2065 Index Fund (SWYOX) and Vanguard Target Retirement 2070 Fund (VSVNX). The values are adjusted to include any dividend payments, if applicable.

SWYOX vs. VSVNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SWYOX Schwab Target 2065 Index Fund	-3.97%	20.48%	14.95%	21.61%	1.37%
VSVNX Vanguard Target Retirement 2070 Fund	-3.99%	21.43%	14.38%	20.45%	1.72%

Returns By Period

The year-to-date returns for both stocks are quite close, with SWYOX having a -3.97% return and VSVNX slightly lower at -3.99%.

SWYOX

• 1D: -0.28%
• 1M: -8.53%
• YTD: -3.97%
• 6M: -1.17%
• 1Y: 16.64%
• 3Y*: 14.89%
• 5Y*: 8.38%
• 10Y*: —

VSVNX

• 1D: -0.29%
• 1M: -8.48%
• YTD: -3.99%
• 6M: -1.03%
• 1Y: 17.25%
• 3Y*: 14.63%
• 5Y*: —
• 10Y*: —

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

SWYOX vs. VSVNX - Expense Ratio Comparison

SWYOX has a 0.04% expense ratio, which is lower than VSVNX's 0.08% 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%.

VSVNX

Vanguard Target Retirement 2070 Fund

SWYOX

Schwab Target 2065 Index Fund

Return for Risk

SWYOX vs. VSVNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWYOX

SWYOX Risk / Return Rank: 60
SWYOX Sharpe Ratio Rank: 58
SWYOX Sortino Ratio Rank: 60
SWYOX Omega Ratio Rank: 60
SWYOX Calmar Ratio Rank: 55
SWYOX Martin Ratio Rank: 66

VSVNX

VSVNX Risk / Return Rank: 68
VSVNX Sharpe Ratio Rank: 68
VSVNX Sortino Ratio Rank: 69
VSVNX Omega Ratio Rank: 68
VSVNX Calmar Ratio Rank: 65
VSVNX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWYOX vs. VSVNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2065 Index Fund (SWYOX) and Vanguard Target Retirement 2070 Fund (VSVNX). 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	VSVNX	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.18	-0.15
Sortino ratio Return per unit of downside risk	1.53	1.70	-0.17
Omega ratio Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio Return relative to maximum drawdown	1.29	1.48	-0.19
Martin ratio Return relative to average drawdown	6.19	6.81	-0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWYOX vs. VSVNX - Sharpe Ratio Comparison

The current SWYOX Sharpe Ratio is 1.03, which is comparable to the VSVNX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of SWYOX and VSVNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWYOX	VSVNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.18	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.05	-0.47

Correlation

The correlation between SWYOX and VSVNX is 0.97, 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. VSVNX - Dividend Comparison

SWYOX's dividend yield for the trailing twelve months is around 1.95%, more than VSVNX's 1.90% yield.

	TTM	2025	2024	2023	2022	2021
SWYOX Schwab Target 2065 Index Fund	1.95%	1.87%	1.76%	1.82%	1.80%	1.24%
VSVNX Vanguard Target Retirement 2070 Fund	1.90%	1.82%	1.79%	1.57%	0.91%	0.00%

Drawdowns

SWYOX vs. VSVNX - Drawdown Comparison

The maximum SWYOX drawdown since its inception was -26.02%, which is greater than VSVNX's maximum drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for SWYOX and VSVNX.

Drawdown Indicators

	SWYOX	VSVNX	Difference
Max Drawdown Largest peak-to-trough decline	-26.02%	-15.39%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-10.50%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	—	—
Current Drawdown Current decline from peak	-9.13%	-8.94%	-0.19%
Average Drawdown Average peak-to-trough decline	-5.88%	-2.57%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.28%	+0.15%

Volatility

SWYOX vs. VSVNX - Volatility Comparison

Schwab Target 2065 Index Fund (SWYOX) has a higher volatility of 5.01% compared to Vanguard Target Retirement 2070 Fund (VSVNX) at 4.71%. This indicates that SWYOX's price experiences larger fluctuations and is considered to be riskier than VSVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWYOX	VSVNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	4.71%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	8.57%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	14.77%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	13.67%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	13.67%	+1.78%