VTINX vs. SWYAX
VTINX (Vanguard Target Retirement Income Fund) and SWYAX (Schwab Target 2010 Index Fund) are both Target Retirement Date funds. Over the past 5 years, VTINX returned 4.11%/yr vs 4.48%/yr for SWYAX. Their correlation of 0.94 suggests significant overlap in exposure. VTINX charges 0.08%/yr vs 0.04%/yr for SWYAX.
Performance
VTINX vs. SWYAX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VTINX at 4.33% and SWYAX at 4.33%.
VTINX
- 1D
- -0.14%
- 1M
- 0.84%
- YTD
- 4.33%
- 6M
- 4.25%
- 1Y
- 11.03%
- 3Y*
- 9.25%
- 5Y*
- 4.11%
- 10Y*
- 5.37%
SWYAX
- 1D
- -0.22%
- 1M
- 0.66%
- YTD
- 4.33%
- 6M
- 4.15%
- 1Y
- 11.38%
- 3Y*
- 9.59%
- 5Y*
- 4.48%
- 10Y*
- —
VTINX vs. SWYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | 4.33% | 11.31% | 6.66% | 10.66% | -12.75% | 5.24% | 10.02% | 13.16% | -1.98% | 7.46% |
SWYAX Schwab Target 2010 Index Fund | 4.33% | 11.17% | 7.18% | 11.95% | -13.28% | 6.99% | 10.61% | 14.55% | -2.27% | 9.48% |
Correlation
The correlation between VTINX and SWYAX 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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.94 |
The correlation between VTINX and SWYAX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VTINX vs. SWYAX — Risk / Return Rank
VTINX
SWYAX
VTINX vs. SWYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement Income Fund (VTINX) and Schwab Target 2010 Index Fund (SWYAX). 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.
| VTINX | SWYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.87 | -0.10 |
| Martin ratioReturn relative to average drawdown | 11.98 | 12.77 | -0.79 |
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Drawdowns
VTINX vs. SWYAX - Drawdown Comparison
The maximum VTINX drawdown since its inception was -19.96%, roughly equal to the maximum SWYAX drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for VTINX and SWYAX.
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Drawdown Indicators
| VTINX | SWYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -19.82% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -4.16% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -6.50% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -19.82% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -17.02% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.36% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -3.34% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.93% | +0.03% |
Volatility
VTINX vs. SWYAX - Volatility Comparison
Vanguard Target Retirement Income Fund (VTINX) and Schwab Target 2010 Index Fund (SWYAX) have volatilities of 2.10% and 2.15%, 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
| VTINX | SWYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.15% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 4.49% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 5.47% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 7.82% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 7.45% | -1.69% |
VTINX vs. SWYAX - Expense Ratio Comparison
VTINX has a 0.08% expense ratio, which is higher than SWYAX'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
VTINX vs. SWYAX - Dividend Comparison
VTINX's dividend yield for the trailing twelve months is around 4.82%, more than SWYAX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYAX Schwab Target 2010 Index Fund | 3.99% | 4.17% | 3.79% | 2.85% | 2.69% | 2.54% | 1.98% | 2.27% | 2.01% | 1.18% | 0.75% | 0.00% |
VTINX Vanguard Target Retirement Income Fund | 4.82% | 5.02% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 1.56% | 2.27% | 3.53% |
Frequently Asked Questions
With a correlation of 0.97, VTINX and SWYAX 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.
SWYAX has higher volatility (2.15%) compared to VTINX (2.10%). In terms of maximum drawdown, VTINX dropped -19.96% vs SWYAX's -19.82%.
VTINX currently has the higher Sharpe Ratio (2.22 vs 2.19), 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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