VBIAX vs. SWYEX

Last updated Jun 4, 2026

VBIAX (Vanguard Balanced Index Fund Admiral Shares) and SWYEX (Schwab Target 2030 Index Fund) are both mutual funds - VBIAX is a Diversified Portfolio fund tracking the 60% CRSP US Total Market Index / 40% Bloomberg U.S. Aggregate Float Adjusted Index, while SWYEX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, VBIAX returned 8.01%/yr vs 7.19%/yr for SWYEX. With a 0.96 correlation, they move nearly in lockstep. VBIAX charges 0.07%/yr vs 0.04%/yr for SWYEX.

Performance

VBIAX vs. SWYEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Schwab Target 2030 Index Fund (SWYEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBIAX achieves a 7.35% return, which is significantly lower than SWYEX's 7.72% return.

VBIAX

• 1D: 0.15%
• 1M: 3.71%
• YTD: 7.35%
• 6M: 7.26%
• 1Y: 19.35%
• 3Y*: 15.04%
• 5Y*: 8.01%
• 10Y*: 9.83%

SWYEX

• 1D: 0.21%
• 1M: 3.32%
• YTD: 7.72%
• 6M: 8.02%
• 1Y: 18.63%
• 3Y*: 14.00%
• 5Y*: 7.19%
• 10Y*: —

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

VBIAX vs. SWYEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBIAX Vanguard Balanced Index Fund Admiral Shares	7.35%	13.61%	14.58%	17.54%	-16.90%	14.21%	16.40%	21.78%	-2.86%	13.89%
SWYEX Schwab Target 2030 Index Fund	7.72%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	16.22%

Correlation

The correlation between VBIAX and SWYEX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.96

The correlation between VBIAX and SWYEX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

VBIAX vs. SWYEX - Sectors Allocation Comparison

Sectors	VBIAX	SWYEX
Technology	33.5%	27.4%
Financial Services	12.0%	14.6%
Communication Services	10.3%	7.8%
Consumer Cyclical	10.0%	8.9%
Industrials	9.8%	11.1%
Healthcare	9.2%	7.8%
Consumer Defensive	4.7%	4.7%
Energy	3.7%	3.9%
Real Estate	2.4%	8.0%
Utilities	2.3%	2.5%
Basic Materials	2.0%	3.4%

Return for Risk

VBIAX vs. SWYEX — Risk / Return Rank

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

VBIAX

VBIAX Risk / Return Rank: 76
VBIAX Sharpe Ratio Rank: 76
VBIAX Sortino Ratio Rank: 74
VBIAX Omega Ratio Rank: 70
VBIAX Calmar Ratio Rank: 75
VBIAX Martin Ratio Rank: 83

SWYEX

SWYEX Risk / Return Rank: 73
SWYEX Sharpe Ratio Rank: 75
SWYEX Sortino Ratio Rank: 73
SWYEX Omega Ratio Rank: 70
SWYEX Calmar Ratio Rank: 69
SWYEX Martin Ratio Rank: 76

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.

VBIAX vs. SWYEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Schwab Target 2030 Index Fund (SWYEX). 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.

	VBIAX	SWYEX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.50	+0.02
Sortino ratio: Return per unit of downside risk	3.59	3.57	+0.02
Omega ratio: Gain probability vs. loss probability	1.47	1.47	0.00
Calmar ratio: Return relative to maximum drawdown	3.42	3.20	+0.22
Martin ratio: Return relative to average drawdown	15.60	14.26	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBIAX vs. SWYEX - Sharpe Ratio Comparison

The current VBIAX Sharpe Ratio is 2.52, which is comparable to the SWYEX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of VBIAX and SWYEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VBIAX	SWYEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.50	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.66	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.78	-0.14

Drawdowns

VBIAX vs. SWYEX - Drawdown Comparison

The maximum VBIAX drawdown since its inception was -35.90%, which is greater than SWYEX's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for VBIAX and SWYEX.

Drawdown Indicators

	VBIAX	SWYEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-23.23%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-5.92%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-11.70%	-9.70%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	-22.03%	+0.50%
Max Drawdown (10Y) Largest decline over 10 years	-22.78%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.67%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.32%	-0.05%

Volatility

VBIAX vs. SWYEX - Volatility Comparison

The current volatility for Vanguard Balanced Index Fund Admiral Shares (VBIAX) is 2.26%, while Schwab Target 2030 Index Fund (SWYEX) has a volatility of 2.41%. This indicates that VBIAX experiences smaller price fluctuations and is considered to be less risky than SWYEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBIAX	SWYEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	2.41%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	6.01%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	7.57%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	10.88%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	11.53%	-0.32%

VBIAX vs. SWYEX - Expense Ratio Comparison

VBIAX has a 0.07% expense ratio, which is higher than SWYEX'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

VBIAX vs. SWYEX - Dividend Comparison

VBIAX's dividend yield for the trailing twelve months is around 5.21%, more than SWYEX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWYEX Schwab Target 2030 Index Fund	2.33%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%	0.00%
VBIAX Vanguard Balanced Index Fund Admiral Shares	5.21%	6.00%	5.27%	4.35%	2.83%	3.19%	2.65%	2.28%	2.32%	1.95%	2.09%	2.09%

Frequently Asked Questions

Can I hold both VBIAX and SWYEX in my portfolio?

With a correlation of 0.97, VBIAX and SWYEX 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, VBIAX or SWYEX?

SWYEX has higher volatility (2.41%) compared to VBIAX (2.26%). In terms of maximum drawdown, VBIAX dropped -35.90% vs SWYEX's -23.23%.

Which has better risk-adjusted returns?

VBIAX currently has the higher Sharpe Ratio (2.52 vs 2.50), 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.