AROIX vs. URTRX

Last updated Jun 5, 2026

AROIX (American Century Investments One Choice 2045 Portfolio) and URTRX (USAA Target Retirement 2030 Fund) are both Target Retirement Date funds. Over the past 10 years, AROIX returned 8.85%/yr vs 7.96%/yr for URTRX. With a 0.97 correlation, they move nearly in lockstep. AROIX charges 0.86%/yr vs 0.03%/yr for URTRX.

Performance

AROIX vs. URTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2045 Portfolio (AROIX) and USAA Target Retirement 2030 Fund (URTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AROIX achieves a 6.21% return, which is significantly lower than URTRX's 7.71% return. Over the past 10 years, AROIX has outperformed URTRX with an annualized return of 8.85%, while URTRX has yielded a comparatively lower 7.96% annualized return.

AROIX

• 1D: -0.58%
• 1M: 1.84%
• YTD: 6.21%
• 6M: 6.57%
• 1Y: 16.39%
• 3Y*: 12.75%
• 5Y*: 5.72%
• 10Y*: 8.85%

URTRX

• 1D: -0.42%
• 1M: 2.22%
• YTD: 7.71%
• 6M: 8.17%
• 1Y: 17.25%
• 3Y*: 12.99%
• 5Y*: 6.38%
• 10Y*: 7.96%

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

AROIX vs. URTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AROIX American Century Investments One Choice 2045 Portfolio	6.21%	14.11%	10.43%	14.33%	-17.05%	12.30%	16.40%	22.68%	-4.65%	15.45%
URTRX USAA Target Retirement 2030 Fund	7.71%	14.78%	8.09%	13.98%	-13.23%	12.23%	9.25%	17.13%	-6.98%	16.14%

Correlation

The correlation between AROIX and URTRX 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	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.97

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

Return for Risk

AROIX vs. URTRX — Risk / Return Rank

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

AROIX

AROIX Risk / Return Rank: 46
AROIX Sharpe Ratio Rank: 47
AROIX Sortino Ratio Rank: 47
AROIX Omega Ratio Rank: 46
AROIX Calmar Ratio Rank: 40
AROIX Martin Ratio Rank: 50

URTRX

URTRX Risk / Return Rank: 73
URTRX Sharpe Ratio Rank: 72
URTRX Sortino Ratio Rank: 72
URTRX Omega Ratio Rank: 70
URTRX Calmar Ratio Rank: 74
URTRX Martin Ratio Rank: 78

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.

AROIX vs. URTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2045 Portfolio (AROIX) and USAA Target Retirement 2030 Fund (URTRX). 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.

	AROIX	URTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.46	-0.51
Sortino ratio: Return per unit of downside risk	2.78	3.55	-0.77
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	2.32	3.33	-1.01
Martin ratio: Return relative to average drawdown	9.99	14.39	-4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AROIX vs. URTRX - Sharpe Ratio Comparison

The current AROIX Sharpe Ratio is 1.94, which is comparable to the URTRX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of AROIX and URTRX, 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

	AROIX	URTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.46	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.66	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.77	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.61	-0.06

Drawdowns

AROIX vs. URTRX - Drawdown Comparison

The maximum AROIX drawdown since its inception was -48.96%, which is greater than URTRX's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for AROIX and URTRX.

Drawdown Indicators

	AROIX	URTRX	Difference
Max Drawdown Largest peak-to-trough decline	-48.96%	-34.10%	-14.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-5.29%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-11.85%	-9.12%	-2.73%
Max Drawdown (5Y) Largest decline over 5 years	-24.34%	-19.52%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	-27.72%	-23.56%	-4.16%
Current Drawdown Current decline from peak	-0.58%	-0.42%	-0.16%
Average Drawdown Average peak-to-trough decline	-6.21%	-4.15%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.22%	+0.46%

Volatility

AROIX vs. URTRX - Volatility Comparison

American Century Investments One Choice 2045 Portfolio (AROIX) and USAA Target Retirement 2030 Fund (URTRX) have volatilities of 2.63% and 2.54%, 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.

Volatility by Period

	AROIX	URTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.54%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	5.82%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	7.16%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.65%	9.69%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	10.35%	+2.28%

AROIX vs. URTRX - Expense Ratio Comparison

AROIX has a 0.86% expense ratio, which is higher than URTRX's 0.03% expense ratio.

Dividends

AROIX vs. URTRX - Dividend Comparison

AROIX's dividend yield for the trailing twelve months is around 11.45%, more than URTRX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AROIX American Century Investments One Choice 2045 Portfolio	11.45%	12.16%	4.90%	2.20%	5.83%	7.55%	6.26%	9.02%	11.33%	1.59%	4.04%	8.02%
URTRX USAA Target Retirement 2030 Fund	6.29%	6.78%	3.16%	4.24%	9.53%	7.66%	4.53%	11.43%	8.54%	8.10%	4.06%	2.80%

Frequently Asked Questions

Can I hold both AROIX and URTRX in my portfolio?

With a correlation of 0.97, AROIX and URTRX 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, AROIX or URTRX?

AROIX has higher volatility (2.63%) compared to URTRX (2.54%). In terms of maximum drawdown, AROIX dropped -48.96% vs URTRX's -34.10%.

Which has better risk-adjusted returns?

URTRX currently has the higher Sharpe Ratio (2.46 vs 1.94), 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.