JSRSX vs. DTDRX

Last updated Jun 23, 2026

JSRSX (JPMorgan SmartRetirement Income Fund) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, JSRSX returned 4.65%/yr vs 11.83%/yr for DTDRX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.22% expense ratio.

Performance

JSRSX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Income Fund (JSRSX) 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, JSRSX achieves a 5.05% return, which is significantly lower than DTDRX's 11.64% return.

JSRSX

• 1D: 0.70%
• 1M: 1.29%
• YTD: 5.05%
• 6M: 5.03%
• 1Y: 13.29%
• 3Y*: 10.06%
• 5Y*: 4.65%
• 10Y*: 7.17%

DTDRX

• 1D: 0.99%
• 1M: 1.25%
• YTD: 11.64%
• 6M: 11.32%
• 1Y: 26.82%
• 3Y*: 18.87%
• 5Y*: 11.83%
• 10Y*: —

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

JSRSX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JSRSX JPMorgan SmartRetirement Income Fund	5.05%	12.12%	4.37%	15.68%	-14.15%	6.00%	9.82%	0.02%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	11.64%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%	0.00%

Correlation

The correlation between JSRSX and DTDRX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.89

The correlation between JSRSX and DTDRX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

JSRSX vs. DTDRX — Risk / Return Rank

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

JSRSX

JSRSX Risk / Return Rank: 58
JSRSX Sharpe Ratio Rank: 58
JSRSX Sortino Ratio Rank: 60
JSRSX Omega Ratio Rank: 63
JSRSX Calmar Ratio Rank: 49
JSRSX Martin Ratio Rank: 59

DTDRX

DTDRX Risk / Return Rank: 81
DTDRX Sharpe Ratio Rank: 83
DTDRX Sortino Ratio Rank: 79
DTDRX Omega Ratio Rank: 76
DTDRX Calmar Ratio Rank: 80
DTDRX Martin Ratio Rank: 85

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.

JSRSX vs. DTDRX - Risk-Adjusted Trends Comparison

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

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.

	JSRSX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.51	-0.44
Sortino ratio: Return per unit of downside risk	2.96	3.45	-0.50
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	2.55	3.44	-0.88
Martin ratio: Return relative to average drawdown	11.10	14.76	-3.66

JSRSX vs. DTDRX - Sharpe Ratio Comparison

The current JSRSX Sharpe Ratio is 2.06, which is comparable to the DTDRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of JSRSX 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.

Drawdowns

JSRSX vs. DTDRX - Drawdown Comparison

The maximum JSRSX drawdown since its inception was -25.84%, smaller than the maximum DTDRX drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for JSRSX and DTDRX.

Drawdown Indicators

	JSRSX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	-25.84%	-33.33%	+7.49%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-8.57%	+3.43%
Max Drawdown (3Y) Largest decline over 3 years	-6.57%	-15.95%	+9.38%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-23.47%	+4.94%
Max Drawdown (10Y) Largest decline over 10 years	-18.53%	—	—
Current Drawdown Current decline from peak	0.00%	-0.67%	+0.67%
Average Drawdown Average peak-to-trough decline	-3.19%	-5.07%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.93%	-0.75%

Volatility

JSRSX vs. DTDRX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement Income Fund (JSRSX) is 2.58%, while Dimensional 2065 Target Date Retirement Income Fund (DTDRX) has a volatility of 4.60%. This indicates that JSRSX experiences smaller price fluctuations and is considered to be less risky than DTDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSRSX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	4.60%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	5.36%	9.56%	-4.20%
Volatility (1Y) Calculated over the trailing 1-year period	6.37%	11.75%	-5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	14.96%	-7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.36%	19.17%	-10.81%

JSRSX vs. DTDRX - Expense Ratio Comparison

Both JSRSX and DTDRX have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JSRSX vs. DTDRX - Dividend Comparison

JSRSX's dividend yield for the trailing twelve months is around 4.59%, more than DTDRX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
JSRSX JPMorgan SmartRetirement Income Fund	4.59%	4.82%	3.76%	3.14%	4.43%	11.16%	4.67%	27.22%	5.98%	3.63%	2.25%	2.55%

Frequently Asked Questions

Can I hold both JSRSX and DTDRX in my portfolio?

JSRSX and DTDRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSRSX or DTDRX?

DTDRX has higher volatility (4.60%) compared to JSRSX (2.58%). In terms of maximum drawdown, JSRSX dropped -25.84% vs DTDRX's -33.33%.

Which has better risk-adjusted returns?

DTDRX currently has the higher Sharpe Ratio (2.51 vs 2.06), 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.