VLXVX vs. SWYOX
VLXVX (Vanguard Target Retirement 2065 Fund) and SWYOX (Schwab Target 2065 Index Fund) are both mutual funds - VLXVX is a Diversified Portfolio fund actively managed by Vanguard, while SWYOX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, VLXVX returned 10.13%/yr vs 10.55%/yr for SWYOX. With a 0.98 correlation, they move nearly in lockstep. VLXVX charges 0.08%/yr vs 0.04%/yr for SWYOX.
Performance
VLXVX vs. SWYOX - Performance Comparison
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Returns By Period
In the year-to-date period, VLXVX achieves a 11.44% return, which is significantly lower than SWYOX's 12.79% return.
VLXVX
- 1D
- -0.13%
- 1M
- 1.57%
- YTD
- 11.44%
- 6M
- 10.80%
- 1Y
- 26.53%
- 3Y*
- 19.16%
- 5Y*
- 10.13%
- 10Y*
- —
SWYOX
- 1D
- 0.06%
- 1M
- 1.79%
- YTD
- 12.79%
- 6M
- 12.05%
- 1Y
- 27.63%
- 3Y*
- 19.92%
- 5Y*
- 10.55%
- 10Y*
- —
VLXVX vs. SWYOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VLXVX Vanguard Target Retirement 2065 Fund | 11.44% | 21.44% | 14.37% | 20.40% | -17.41% | 13.65% |
SWYOX Schwab Target 2065 Index Fund | 12.79% | 20.48% | 14.95% | 21.61% | -17.90% | 16.04% |
Correlation
The correlation between VLXVX and SWYOX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.98 |
The correlation between VLXVX and SWYOX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VLXVX vs. SWYOX — Risk / Return Rank
VLXVX
SWYOX
VLXVX vs. SWYOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2065 Fund (VLXVX) and Schwab Target 2065 Index Fund (SWYOX). 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.
| VLXVX | SWYOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.16 | -0.07 |
| Martin ratioReturn relative to average drawdown | 13.38 | 13.84 | -0.46 |
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Drawdowns
VLXVX vs. SWYOX - Drawdown Comparison
The maximum VLXVX drawdown since its inception was -31.42%, which is greater than SWYOX's maximum drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for VLXVX and SWYOX.
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Drawdown Indicators
| VLXVX | SWYOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.42% | -26.02% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.13% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -16.05% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -26.02% | +0.65% |
Current DrawdownCurrent decline from peak | -0.65% | -0.36% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -5.68% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.08% | -0.02% |
Volatility
VLXVX vs. SWYOX - Volatility Comparison
Vanguard Target Retirement 2065 Fund (VLXVX) and Schwab Target 2065 Index Fund (SWYOX) have volatilities of 4.79% and 4.83%, 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
| VLXVX | SWYOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.83% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 10.47% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 12.78% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 15.69% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 15.48% | +0.23% |
VLXVX vs. SWYOX - Expense Ratio Comparison
VLXVX has a 0.08% expense ratio, which is higher than SWYOX'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
VLXVX vs. SWYOX - Dividend Comparison
VLXVX's dividend yield for the trailing twelve months is around 1.80%, more than SWYOX's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SWYOX Schwab Target 2065 Index Fund | 1.66% | 1.87% | 1.76% | 1.82% | 1.80% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% |
VLXVX Vanguard Target Retirement 2065 Fund | 1.80% | 2.00% | 2.11% | 2.06% | 2.00% | 1.93% | 1.60% | 1.90% | 1.85% | 0.78% |
Frequently Asked Questions
With a correlation of 0.99, VLXVX and SWYOX 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 (4.83%) compared to VLXVX (4.79%). In terms of maximum drawdown, VLXVX dropped -31.42% vs SWYOX's -26.02%.
VLXVX currently has the higher Sharpe Ratio (2.28 vs 2.26), 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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