JSMSX vs. URTRX

Last updated Jun 4, 2026

JSMSX (JPMorgan SmartRetirement 2030 Fund) and URTRX (USAA Target Retirement 2030 Fund) are both Target Retirement Date funds. Over the past 10 years, JSMSX returned 9.87%/yr vs 8.01%/yr for URTRX. With a 0.97 correlation, they move nearly in lockstep. JSMSX charges 0.25%/yr vs 0.03%/yr for URTRX.

Performance

JSMSX vs. URTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2030 Fund (JSMSX) 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, JSMSX achieves a 6.37% return, which is significantly lower than URTRX's 8.16% return. Over the past 10 years, JSMSX has outperformed URTRX with an annualized return of 9.87%, while URTRX has yielded a comparatively lower 8.01% annualized return.

JSMSX

• 1D: 0.19%
• 1M: 2.73%
• YTD: 6.37%
• 6M: 6.66%
• 1Y: 16.72%
• 3Y*: 12.77%
• 5Y*: 5.84%
• 10Y*: 9.87%

URTRX

• 1D: 0.21%
• 1M: 3.32%
• YTD: 8.16%
• 6M: 8.62%
• 1Y: 18.02%
• 3Y*: 13.15%
• 5Y*: 6.58%
• 10Y*: 8.01%

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

JSMSX vs. URTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JSMSX JPMorgan SmartRetirement 2030 Fund	6.37%	14.15%	6.89%	18.54%	-16.76%	10.72%	12.45%	41.23%	-7.64%	18.74%
URTRX USAA Target Retirement 2030 Fund	8.16%	14.78%	8.09%	13.98%	-13.23%	12.23%	9.25%	17.13%	-6.98%	16.14%

Correlation

The correlation between JSMSX and URTRX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
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 JSMSX and URTRX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

JSMSX vs. URTRX — Risk / Return Rank

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

JSMSX

JSMSX Risk / Return Rank: 55
JSMSX Sharpe Ratio Rank: 55
JSMSX Sortino Ratio Rank: 56
JSMSX Omega Ratio Rank: 56
JSMSX Calmar Ratio Rank: 48
JSMSX Martin Ratio Rank: 57

URTRX

URTRX Risk / Return Rank: 77
URTRX Sharpe Ratio Rank: 77
URTRX Sortino Ratio Rank: 77
URTRX Omega Ratio Rank: 74
URTRX Calmar Ratio Rank: 76
URTRX Martin Ratio Rank: 79

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.

JSMSX vs. URTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2030 Fund (JSMSX) 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.

	JSMSX	URTRX	Difference
Sharpe ratio Return per unit of total volatility	2.20	2.54	-0.34
Sortino ratio Return per unit of downside risk	3.17	3.67	-0.51
Omega ratio Gain probability vs. loss probability	1.42	1.48	-0.07
Calmar ratio Return relative to maximum drawdown	2.64	3.44	-0.80
Martin ratio Return relative to average drawdown	11.44	14.88	-3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSMSX vs. URTRX - Sharpe Ratio Comparison

The current JSMSX Sharpe Ratio is 2.20, which is comparable to the URTRX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JSMSX 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

	JSMSX	URTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.54	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.68	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.78	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.61	-0.11

Drawdowns

JSMSX vs. URTRX - Drawdown Comparison

The maximum JSMSX drawdown since its inception was -50.05%, which is greater than URTRX's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for JSMSX and URTRX.

Drawdown Indicators

	JSMSX	URTRX	Difference
Max Drawdown Largest peak-to-trough decline	-50.05%	-34.10%	-15.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-5.29%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-9.53%	-9.12%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-22.56%	-19.52%	-3.04%
Max Drawdown (10Y) Largest decline over 10 years	-25.42%	-23.56%	-1.86%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.38%	-4.15%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.22%	+0.26%

Volatility

JSMSX vs. URTRX - Volatility Comparison

JPMorgan SmartRetirement 2030 Fund (JSMSX) and USAA Target Retirement 2030 Fund (URTRX) have volatilities of 2.59% 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

	JSMSX	URTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.54%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	5.81%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	7.72%	7.15%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	9.69%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	10.35%	+2.10%

JSMSX vs. URTRX - Expense Ratio Comparison

JSMSX has a 0.25% expense ratio, which is higher than URTRX's 0.03% 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. URTRX - Dividend Comparison

JSMSX's dividend yield for the trailing twelve months is around 5.50%, less than URTRX's 6.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JSMSX JPMorgan SmartRetirement 2030 Fund	5.50%	5.85%	5.49%	2.50%	8.25%	12.28%	4.20%	31.61%	6.17%	4.18%	2.83%	3.20%
URTRX USAA Target Retirement 2030 Fund	6.27%	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 JSMSX and URTRX in my portfolio?

With a correlation of 0.98, JSMSX 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, JSMSX or URTRX?

JSMSX has higher volatility (2.59%) compared to URTRX (2.54%). In terms of maximum drawdown, JSMSX dropped -50.05% vs URTRX's -34.10%.

Which has better risk-adjusted returns?

URTRX currently has the higher Sharpe Ratio (2.54 vs 2.20), 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.