DRIRX vs. DRIJX

Last updated Jun 24, 2026

DRIRX (Dimensional 2020 Target Date Retirement Income Fund) and DRIJX (Dimensional 2050 Target Date Retirement Income Fund) are both Target Retirement Date funds from Dimensional. Over the past 10 years, DRIRX returned 4.82%/yr vs 12.94%/yr for DRIJX. A 0.55 correlation means they provide meaningful diversification when combined. DRIRX charges 0.18%/yr vs 0.22%/yr for DRIJX.

Performance

DRIRX vs. DRIJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional 2020 Target Date Retirement Income Fund (DRIRX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRIRX achieves a 3.44% return, which is significantly lower than DRIJX's 10.88% return. Over the past 10 years, DRIRX has underperformed DRIJX with an annualized return of 4.82%, while DRIJX has yielded a comparatively higher 12.94% annualized return.

DRIRX

• 1D: -0.43%
• 1M: 0.43%
• YTD: 3.44%
• 6M: 3.35%
• 1Y: 9.21%
• 3Y*: 6.72%
• 5Y*: 1.68%
• 10Y*: 4.82%

DRIJX

• 1D: -0.12%
• 1M: 1.07%
• YTD: 10.88%
• 6M: 10.18%
• 1Y: 25.47%
• 3Y*: 19.51%
• 5Y*: 11.54%
• 10Y*: 12.94%

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

DRIRX vs. DRIJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRIRX Dimensional 2020 Target Date Retirement Income Fund	3.44%	9.59%	4.53%	7.67%	-17.65%	7.02%	16.14%	15.63%	-5.17%	9.86%
DRIJX Dimensional 2050 Target Date Retirement Income Fund	10.88%	19.64%	17.05%	21.37%	-15.25%	21.63%	14.09%	25.59%	-9.14%	21.76%

Correlation

The correlation between DRIRX and DRIJX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.55

The correlation between DRIRX and DRIJX shifts across timeframes, from 0.54 (10 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DRIRX vs. DRIJX — Risk / Return Rank

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

DRIRX

DRIRX Risk / Return Rank: 47
DRIRX Sharpe Ratio Rank: 47
DRIRX Sortino Ratio Rank: 49
DRIRX Omega Ratio Rank: 49
DRIRX Calmar Ratio Rank: 42
DRIRX Martin Ratio Rank: 50

DRIJX

DRIJX Risk / Return Rank: 79
DRIJX Sharpe Ratio Rank: 81
DRIJX Sortino Ratio Rank: 79
DRIJX Omega Ratio Rank: 76
DRIJX Calmar Ratio Rank: 77
DRIJX Martin Ratio Rank: 84

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.

DRIRX vs. DRIJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional 2020 Target Date Retirement Income Fund (DRIRX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX). 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.

	DRIRX	DRIJX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.46	-0.59
Sortino ratio: Return per unit of downside risk	2.72	3.44	-0.72
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	2.35	3.30	-0.94
Martin ratio: Return relative to average drawdown	9.67	14.58	-4.91

DRIRX vs. DRIJX - Sharpe Ratio Comparison

The current DRIRX Sharpe Ratio is 1.87, which is comparable to the DRIJX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of DRIRX and DRIJX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRIRX vs. DRIJX - Drawdown Comparison

The maximum DRIRX drawdown since its inception was -23.69%, smaller than the maximum DRIJX drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for DRIRX and DRIJX.

Drawdown Indicators

	DRIRX	DRIJX	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-33.55%	+9.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.09%	-8.12%	+4.03%
Max Drawdown (3Y) Largest decline over 3 years	-7.60%	-15.25%	+7.65%
Max Drawdown (5Y) Largest decline over 5 years	-23.69%	-23.49%	-0.20%
Max Drawdown (10Y) Largest decline over 10 years	-23.69%	-33.55%	+9.86%
Current Drawdown Current decline from peak	-0.86%	-0.73%	-0.13%
Average Drawdown Average peak-to-trough decline	-5.59%	-4.18%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.83%	-0.84%

Volatility

DRIRX vs. DRIJX - Volatility Comparison

The current volatility for Dimensional 2020 Target Date Retirement Income Fund (DRIRX) is 1.96%, while Dimensional 2050 Target Date Retirement Income Fund (DRIJX) has a volatility of 4.20%. This indicates that DRIRX experiences smaller price fluctuations and is considered to be less risky than DRIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIRX	DRIJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	4.20%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	4.04%	8.99%	-4.95%
Volatility (1Y) Calculated over the trailing 1-year period	5.15%	10.89%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.19%	14.64%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	15.66%	-8.05%

DRIRX vs. DRIJX - Expense Ratio Comparison

DRIRX has a 0.18% expense ratio, which is lower than DRIJX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DRIRX vs. DRIJX - Dividend Comparison

DRIRX's dividend yield for the trailing twelve months is around 5.65%, more than DRIJX's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRIJX Dimensional 2050 Target Date Retirement Income Fund	2.29%	2.49%	2.53%	3.40%	3.98%	2.87%	4.15%	2.18%	2.29%	1.25%	1.40%
DRIRX Dimensional 2020 Target Date Retirement Income Fund	5.65%	5.80%	4.18%	3.62%	7.41%	4.42%	3.00%	2.51%	2.59%	1.48%	1.34%

Frequently Asked Questions

Can I hold both DRIRX and DRIJX in my portfolio?

DRIRX and DRIJX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRIRX or DRIJX?

DRIJX has higher volatility (4.20%) compared to DRIRX (1.96%). In terms of maximum drawdown, DRIRX dropped -23.69% vs DRIJX's -33.55%.

Which has better risk-adjusted returns?

DRIJX currently has the higher Sharpe Ratio (2.46 vs 1.87), 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.