PAJRX vs. DRIQX
PAJRX (T. Rowe Price Target 2025 Fund) and DRIQX (Dimensional 2015 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, PAJRX returned 6.57%/yr vs 4.48%/yr for DRIQX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PAJRX charges 0.77%/yr vs 0.17%/yr for DRIQX.
Performance
PAJRX vs. DRIQX - Performance Comparison
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Returns By Period
In the year-to-date period, PAJRX achieves a 4.88% return, which is significantly higher than DRIQX's 3.01% return. Over the past 10 years, PAJRX has outperformed DRIQX with an annualized return of 6.57%, while DRIQX has yielded a comparatively lower 4.48% annualized return.
PAJRX
- 1D
- 0.71%
- 1M
- -0.28%
- 6M
- 2.60%
- YTD
- 4.88%
- 1Y
- 10.42%
- 3Y*
- 9.21%
- 5Y*
- 4.31%
- 10Y*
- 6.57%
- ALL TIME*
- 6.38%
DRIQX
- 1D
- 0.35%
- 1M
- -0.44%
- 6M
- 1.84%
- YTD
- 3.01%
- 1Y
- 6.61%
- 3Y*
- 6.44%
- 5Y*
- 1.86%
- 10Y*
- 4.48%
- ALL TIME*
- 5.07%
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 |
PAJRX vs. DRIQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAJRX T. Rowe Price Target 2025 Fund | 4.88% | 11.19% | 8.25% | 12.09% | -14.19% | 9.85% | 13.00% | 17.49% | -4.84% | 12.62% |
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 3.01% | 8.83% | 5.47% | 8.17% | -14.79% | 7.79% | 14.31% | 14.08% | -4.20% | 7.82% |
Correlation
The correlation between PAJRX and DRIQX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.69 |
The correlation between PAJRX and DRIQX shifts across timeframes, from 0.69 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PAJRX vs. DRIQX — Risk / Return Rank
PAJRX
DRIQX
PAJRX vs. DRIQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2025 Fund (PAJRX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). 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.
| PAJRX | DRIQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.90 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.95 | 7.47 | +1.49 |
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Drawdowns
PAJRX vs. DRIQX - Drawdown Comparison
The maximum PAJRX drawdown since its inception was -22.48%, which is greater than DRIQX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for PAJRX and DRIQX.
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Drawdown Indicators
| PAJRX | DRIQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -19.86% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -3.47% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -5.12% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -19.86% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.48% | -19.86% | -2.62% |
Current DrawdownCurrent decline from peak | -0.77% | -1.30% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -3.84% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.88% | +0.24% |
Volatility
PAJRX vs. DRIQX - Volatility Comparison
T. Rowe Price Target 2025 Fund (PAJRX) has a higher volatility of 1.58% compared to Dimensional 2015 Target Date Retirement Income Fund (DRIQX) at 1.10%. This indicates that PAJRX's price experiences larger fluctuations and is considered to be riskier than DRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAJRX | DRIQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.10% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 3.60% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 4.52% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.93% | 7.07% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 6.58% | +2.04% |
PAJRX vs. DRIQX - Expense Ratio Comparison
PAJRX has a 0.77% expense ratio, which is higher than DRIQX's 0.17% expense ratio.
Dividends
PAJRX vs. DRIQX - Dividend Comparison
PAJRX's dividend yield for the trailing twelve months is around 6.56%, more than DRIQX's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 6.36% | 4.95% | 4.53% | 4.28% | 6.51% | 4.54% | 3.76% | 2.05% | 2.23% | 1.66% | 1.37% | 0.00% |
PAJRX T. Rowe Price Target 2025 Fund | 6.56% | 6.88% | 5.29% | 3.57% | 7.51% | 4.03% | 3.21% | 3.39% | 4.61% | 1.71% | 1.53% | 1.64% |
Frequently Asked Questions
PAJRX and DRIQX 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.
PAJRX has higher volatility (1.58%) compared to DRIQX (1.10%). In terms of maximum drawdown, PAJRX dropped -22.48% vs DRIQX's -19.86%.
PAJRX currently has the higher Sharpe Ratio (1.62 vs 1.46), 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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