TDIFX vs. SWYMX
TDIFX (Dimensional Retirement Income Fund) and SWYMX (Schwab Target 2050 Index Fund) are both Target Retirement Date funds. Over the past 5 years, TDIFX returned 4.91%/yr vs 9.44%/yr for SWYMX. A 0.73 correlation means they provide meaningful diversification when combined. TDIFX charges 0.06%/yr vs 0.04%/yr for SWYMX.
Performance
TDIFX vs. SWYMX - Performance Comparison
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Returns By Period
In the year-to-date period, TDIFX achieves a 2.88% return, which is significantly lower than SWYMX's 9.96% return.
TDIFX
- 1D
- -0.32%
- 1M
- -0.08%
- YTD
- 2.88%
- 6M
- 2.54%
- 1Y
- 6.39%
- 3Y*
- 6.67%
- 5Y*
- 4.91%
- 10Y*
- 5.06%
SWYMX
- 1D
- -1.56%
- 1M
- 0.00%
- YTD
- 9.96%
- 6M
- 9.00%
- 1Y
- 22.19%
- 3Y*
- 18.18%
- 5Y*
- 9.44%
- 10Y*
- —
TDIFX vs. SWYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIFX Dimensional Retirement Income Fund | 2.88% | 7.22% | 6.21% | 7.76% | -9.37% | 14.53% | 9.33% | 9.96% | -1.98% | 5.17% |
SWYMX Schwab Target 2050 Index Fund | 9.96% | 19.42% | 14.24% | 20.92% | -17.65% | 17.80% | 14.66% | 25.34% | -7.58% | 20.48% |
Correlation
The correlation between TDIFX and SWYMX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.73 |
The correlation between TDIFX and SWYMX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
TDIFX vs. SWYMX — Risk / Return Rank
TDIFX
SWYMX
TDIFX vs. SWYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Retirement Income Fund (TDIFX) and Schwab Target 2050 Index Fund (SWYMX). 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.
| TDIFX | SWYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.78 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.89 | 12.16 | -0.26 |
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Drawdowns
TDIFX vs. SWYMX - Drawdown Comparison
The maximum TDIFX drawdown since its inception was -12.21%, smaller than the maximum SWYMX drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for TDIFX and SWYMX.
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Drawdown Indicators
| TDIFX | SWYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.21% | -30.48% | +18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -8.55% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.51% | -14.95% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -12.21% | -25.37% | +13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -12.21% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.96% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -4.49% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.95% | -1.36% |
Volatility
TDIFX vs. SWYMX - Volatility Comparison
The current volatility for Dimensional Retirement Income Fund (TDIFX) is 1.53%, while Schwab Target 2050 Index Fund (SWYMX) has a volatility of 4.79%. This indicates that TDIFX experiences smaller price fluctuations and is considered to be less risky than SWYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIFX | SWYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 4.79% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 9.86% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 11.98% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 14.83% | -8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 15.65% | -10.58% |
TDIFX vs. SWYMX - Expense Ratio Comparison
TDIFX has a 0.06% expense ratio, which is higher than SWYMX's 0.04% 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
TDIFX vs. SWYMX - Dividend Comparison
TDIFX's dividend yield for the trailing twelve months is around 2.01%, more than SWYMX's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SWYMX Schwab Target 2050 Index Fund | 1.82% | 2.00% | 2.03% | 1.99% | 1.96% | 1.78% | 1.65% | 1.96% | 2.15% | 1.43% | 1.22% |
TDIFX Dimensional Retirement Income Fund | 2.01% | 1.77% | 3.11% | 3.09% | 4.66% | 9.39% | 1.39% | 1.98% | 2.11% | 0.98% | 0.89% |
Frequently Asked Questions
TDIFX and SWYMX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWYMX has higher volatility (4.79%) compared to TDIFX (1.53%). In terms of maximum drawdown, TDIFX dropped -12.21% vs SWYMX's -30.48%.
TDIFX currently has the higher Sharpe Ratio (2.04 vs 1.99), 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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