JPSRX vs. TDIFX

Last updated Aug 1, 2026

JPSRX (JPMorgan SmartRetirement Blend 2035 Fund) and TDIFX (Dimensional Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, JPSRX returned 9.86%/yr vs 4.91%/yr for TDIFX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. JPSRX charges 0.29%/yr vs 0.06%/yr for TDIFX.

Performance

JPSRX vs. TDIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2035 Fund (JPSRX) and Dimensional Retirement Income Fund (TDIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPSRX achieves a 8.14% return, which is significantly higher than TDIFX's 3.13% return. Over the past 10 years, JPSRX has outperformed TDIFX with an annualized return of 9.86%, while TDIFX has yielded a comparatively lower 4.91% annualized return.

JPSRX

• 1D: 1.36%
• 1M: -0.50%
• 6M: 5.63%
• YTD: 8.14%
• 1Y: 17.35%
• 3Y*: 13.49%
• 5Y*: 8.79%
• 10Y*: 9.86%
• ALL TIME*: 9.40%

TDIFX

• 1D: 0.33%
• 1M: -0.24%
• 6M: 2.11%
• YTD: 3.13%
• 1Y: 6.56%
• 3Y*: 6.30%
• 5Y*: 4.53%
• 10Y*: 4.91%
• ALL TIME*: 5.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPSRX JPMorgan SmartRetirement Blend 2035 Fund	$0.00	$0.00	$0.00
TDIFX Dimensional Retirement Income Fund	$0.00	$0.00	$0.00

JPSRX vs. TDIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPSRX JPMorgan SmartRetirement Blend 2035 Fund	8.14%	17.08%	8.86%	19.87%	-16.92%	22.01%	12.34%	22.49%	-7.64%	18.64%
TDIFX Dimensional Retirement Income Fund	3.13%	7.22%	6.21%	7.76%	-9.37%	14.53%	9.33%	9.96%	-1.98%	5.17%

Correlation

The correlation between JPSRX and TDIFX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.76

The correlation between JPSRX and TDIFX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

JPSRX vs. TDIFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPSRX

JPSRX Risk / Return Rank: 69
JPSRX Sharpe Ratio Rank: 68
JPSRX Sortino Ratio Rank: 67
JPSRX Omega Ratio Rank: 66
JPSRX Calmar Ratio Rank: 67
JPSRX Martin Ratio Rank: 78

TDIFX

TDIFX Risk / Return Rank: 81
TDIFX Sharpe Ratio Rank: 81
TDIFX Sortino Ratio Rank: 81
TDIFX Omega Ratio Rank: 80
TDIFX Calmar Ratio Rank: 79
TDIFX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JPSRX vs. TDIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2035 Fund (JPSRX) and Dimensional Retirement Income Fund (TDIFX). 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.

	JPSRX	TDIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.91	-0.28
Sortino ratio: Return per unit of downside risk	2.32	2.78	-0.46
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.27	2.57	-0.31
Martin ratio: Return relative to average drawdown	9.68	10.69	-1.01

JPSRX vs. TDIFX - Sharpe Ratio Comparison

The current JPSRX Sharpe Ratio is 1.63, which is comparable to the TDIFX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of JPSRX and TDIFX, 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

JPSRX vs. TDIFX - Drawdown Comparison

The maximum JPSRX drawdown since its inception was -28.44%, which is greater than TDIFX's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for JPSRX and TDIFX.

Drawdown Indicators

	JPSRX	TDIFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.44%	-12.21%	-16.23%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-2.61%	-4.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.77%	-3.51%	-8.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-12.21%	-11.25%
Max Drawdown (10Y) Largest decline over 10 years	-28.44%	-12.21%	-16.23%
Current Drawdown Current decline from peak	-1.19%	-0.72%	-0.47%
Average Drawdown Average peak-to-trough decline	-3.87%	-1.73%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	0.61%	+1.06%

Volatility

JPSRX vs. TDIFX - Volatility Comparison

JPMorgan SmartRetirement Blend 2035 Fund (JPSRX) has a higher volatility of 2.77% compared to Dimensional Retirement Income Fund (TDIFX) at 0.88%. This indicates that JPSRX's price experiences larger fluctuations and is considered to be riskier than TDIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSRX	TDIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	0.88%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	2.80%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	9.94%	3.51%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	5.91%	+6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	5.07%	+8.02%

JPSRX vs. TDIFX - Expense Ratio Comparison

JPSRX has a 0.29% expense ratio, which is higher than TDIFX's 0.06% expense ratio.

Dividends

JPSRX vs. TDIFX - Dividend Comparison

JPSRX's dividend yield for the trailing twelve months is around 2.65%, less than TDIFX's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPSRX JPMorgan SmartRetirement Blend 2035 Fund	2.65%	2.86%	2.55%	2.30%	1.78%	12.06%	1.55%	2.94%	5.74%	1.95%	2.05%	2.05%
TDIFX Dimensional Retirement Income Fund	3.26%	1.77%	3.11%	3.09%	4.66%	9.39%	1.39%	1.98%	2.11%	0.98%	0.89%	0.00%

Frequently Asked Questions

Can I hold both JPSRX and TDIFX in my portfolio?

JPSRX and TDIFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSRX or TDIFX?

JPSRX has higher volatility (2.77%) compared to TDIFX (0.88%). In terms of maximum drawdown, JPSRX dropped -28.44% vs TDIFX's -12.21%.

Which has better risk-adjusted returns?

TDIFX currently has the higher Sharpe Ratio (1.91 vs 1.63), 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.