JSMSX vs. URFRX
JSMSX (JPMorgan SmartRetirement 2030 Fund) and URFRX (USAA Target Retirement 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, JSMSX returned 9.52%/yr vs 9.25%/yr for URFRX. Their 0.97 correlation means they have historically moved very closely together. JSMSX charges 0.25%/yr vs 0.02%/yr for URFRX.
Performance
JSMSX vs. URFRX - Performance Comparison
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Returns By Period
In the year-to-date period, JSMSX achieves a 6.22% return, which is significantly lower than URFRX's 12.10% return. Both investments have delivered pretty close results over the past 10 years, with JSMSX having a 9.52% annualized return and URFRX not far behind at 9.25%.
JSMSX
- 1D
- 0.72%
- 1M
- 0.14%
- 6M
- 4.32%
- YTD
- 6.22%
- 1Y
- 12.09%
- 3Y*
- 11.94%
- 5Y*
- 5.58%
- 10Y*
- 9.52%
- ALL TIME*
- 7.51%
URFRX
- 1D
- 0.76%
- 1M
- 1.27%
- 6M
- 8.88%
- YTD
- 12.10%
- 1Y
- 20.54%
- 3Y*
- 15.56%
- 5Y*
- 8.35%
- 10Y*
- 9.25%
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JSMSX vs. URFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JSMSX JPMorgan SmartRetirement 2030 Fund | 6.22% | 14.15% | 6.89% | 18.54% | -16.76% | 10.72% | 12.45% | 41.23% | -7.64% | 18.74% |
URFRX USAA Target Retirement 2040 Fund | 12.10% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 19.57% | -8.52% | 18.48% |
Correlation
The correlation between JSMSX and URFRX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008 | 0.97 |
The correlation between JSMSX and URFRX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
JSMSX vs. URFRX — Risk / Return Rank
JSMSX
URFRX
JSMSX vs. URFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2030 Fund (JSMSX) and USAA Target Retirement 2040 Fund (URFRX). 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.
| JSMSX | URFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.19 | -1.15 |
| Martin ratioReturn relative to average drawdown | 8.52 | 13.66 | -5.14 |
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Drawdowns
JSMSX vs. URFRX - Drawdown Comparison
The maximum JSMSX drawdown since its inception was -50.05%, which is greater than URFRX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for JSMSX and URFRX.
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Drawdown Indicators
| JSMSX | URFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -39.33% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -6.88% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.53% | -12.41% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -22.27% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -28.59% | +3.17% |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -5.15% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.60% | -0.06% |
Volatility
JSMSX vs. URFRX - Volatility Comparison
JPMorgan SmartRetirement 2030 Fund (JSMSX) and USAA Target Retirement 2040 Fund (URFRX) have volatilities of 2.45% and 2.55%, 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
| JSMSX | URFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.55% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 8.52% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 10.22% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 12.41% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.42% | 13.04% | -0.62% |
JSMSX vs. URFRX - Expense Ratio Comparison
JSMSX has a 0.25% expense ratio, which is higher than URFRX's 0.02% 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
JSMSX vs. URFRX - Dividend Comparison
JSMSX's dividend yield for the trailing twelve months is around 5.51%, less than URFRX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSMSX JPMorgan SmartRetirement 2030 Fund | 5.51% | 5.85% | 5.49% | 2.50% | 8.25% | 12.28% | 4.20% | 31.61% | 6.17% | 4.18% | 2.83% | 3.20% |
URFRX USAA Target Retirement 2040 Fund | 6.29% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Frequently Asked Questions
With a correlation of 0.97, JSMSX and URFRX 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.
URFRX has higher volatility (2.55%) compared to JSMSX (2.45%). In terms of maximum drawdown, JSMSX dropped -50.05% vs URFRX's -39.33%.
URFRX currently has the higher Sharpe Ratio (2.15 vs 1.56), 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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