JAKSX vs. DTDRX

Last updated Jun 5, 2026

JAKSX (JPMorgan SmartRetirement 2060 Fund) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, JAKSX returned 8.54%/yr vs 11.32%/yr for DTDRX. With a 0.96 correlation, they move nearly in lockstep. JAKSX charges 0.26%/yr vs 0.22%/yr for DTDRX.

Performance

JAKSX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2060 Fund (JAKSX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAKSX achieves a 9.12% return, which is significantly lower than DTDRX's 11.64% return.

JAKSX

• 1D: -0.74%
• 1M: 2.73%
• YTD: 9.12%
• 6M: 9.59%
• 1Y: 21.93%
• 3Y*: 17.33%
• 5Y*: 8.54%
• 10Y*: —

DTDRX

• 1D: -0.67%
• 1M: 3.36%
• YTD: 11.64%
• 6M: 12.23%
• 1Y: 27.15%
• 3Y*: 20.06%
• 5Y*: 11.32%
• 10Y*: —

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

JAKSX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JAKSX JPMorgan SmartRetirement 2060 Fund	9.12%	17.84%	12.40%	22.14%	-18.38%	17.47%	15.22%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	11.64%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%

Correlation

The correlation between JAKSX and DTDRX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.96

The correlation between JAKSX and DTDRX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

JAKSX vs. DTDRX — Risk / Return Rank

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

JAKSX

JAKSX Risk / Return Rank: 46
JAKSX Sharpe Ratio Rank: 44
JAKSX Sortino Ratio Rank: 43
JAKSX Omega Ratio Rank: 44
JAKSX Calmar Ratio Rank: 43
JAKSX Martin Ratio Rank: 53

DTDRX

DTDRX Risk / Return Rank: 81
DTDRX Sharpe Ratio Rank: 85
DTDRX Sortino Ratio Rank: 81
DTDRX Omega Ratio Rank: 77
DTDRX Calmar Ratio Rank: 79
DTDRX 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.

JAKSX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). 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.

	JAKSX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.73	-0.80
Sortino ratio: Return per unit of downside risk	2.72	3.84	-1.12
Omega ratio: Gain probability vs. loss probability	1.35	1.49	-0.14
Calmar ratio: Return relative to maximum drawdown	2.45	3.52	-1.07
Martin ratio: Return relative to average drawdown	10.69	15.45	-4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAKSX vs. DTDRX - Sharpe Ratio Comparison

The current JAKSX Sharpe Ratio is 1.93, which is comparable to the DTDRX Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of JAKSX and DTDRX, 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

	JAKSX	DTDRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.73	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.78	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.69	0.00

Drawdowns

JAKSX vs. DTDRX - Drawdown Comparison

The maximum JAKSX drawdown since its inception was -33.11%, roughly equal to the maximum DTDRX drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for JAKSX and DTDRX.

Drawdown Indicators

	JAKSX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	-33.33%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-8.57%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-15.95%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-23.47%	-2.33%
Current Drawdown Current decline from peak	-0.74%	-0.67%	-0.07%
Average Drawdown Average peak-to-trough decline	-5.29%	-5.10%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.88%	+0.21%

Volatility

JAKSX vs. DTDRX - Volatility Comparison

JPMorgan SmartRetirement 2060 Fund (JAKSX) has a higher volatility of 3.55% compared to Dimensional 2065 Target Date Retirement Income Fund (DTDRX) at 3.16%. This indicates that JAKSX's price experiences larger fluctuations and is considered to be riskier than DTDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAKSX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.16%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	8.70%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	11.07%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	14.87%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	19.17%	-3.29%

JAKSX vs. DTDRX - Expense Ratio Comparison

JAKSX has a 0.26% expense ratio, which is higher than DTDRX's 0.22% 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

JAKSX vs. DTDRX - Dividend Comparison

JAKSX's dividend yield for the trailing twelve months is around 3.92%, more than DTDRX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTDRX Dimensional 2065 Target Date Retirement Income Fund	1.38%	1.31%	2.07%	1.94%	2.01%	1.53%	2.55%	0.00%	0.00%	0.00%
JAKSX JPMorgan SmartRetirement 2060 Fund	3.92%	4.27%	2.96%	1.55%	6.59%	8.71%	3.49%	3.95%	2.96%	1.93%

Frequently Asked Questions

Can I hold both JAKSX and DTDRX in my portfolio?

JAKSX and DTDRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAKSX or DTDRX?

JAKSX has higher volatility (3.55%) compared to DTDRX (3.16%). In terms of maximum drawdown, JAKSX dropped -33.11% vs DTDRX's -33.33%.

Which has better risk-adjusted returns?

DTDRX currently has the higher Sharpe Ratio (2.73 vs 1.93), 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.