PARFX vs. SCHD
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (PARFX) and Schwab US Dividend Equity ETF (SCHD).
PARFX is managed by T. Rowe Price. It was launched on Dec 28, 2006. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARFX or SCHD.
Key characteristics
| PARFX | SCHD | |
|---|---|---|
| YTD Return | 17.95% | 17.75% |
| 1Y Return | 30.43% | 31.70% |
| 3Y Return (Ann) | 4.11% | 7.26% |
| 5Y Return (Ann) | 10.68% | 12.80% |
| 10Y Return (Ann) | 9.13% | 11.72% |
| Sharpe Ratio | 2.63 | 2.67 |
| Sortino Ratio | 3.60 | 3.84 |
| Omega Ratio | 1.48 | 1.47 |
| Calmar Ratio | 2.07 | 2.80 |
| Martin Ratio | 17.31 | 14.83 |
| Ulcer Index | 1.71% | 2.04% |
| Daily Std Dev | 11.25% | 11.32% |
| Max Drawdown | -53.67% | -33.37% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between PARFX and SCHD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PARFX vs. SCHD - Performance Comparison
The year-to-date returns for both stocks are quite close, with PARFX having a 17.95% return and SCHD slightly lower at 17.75%. Over the past 10 years, PARFX has underperformed SCHD with an annualized return of 9.13%, while SCHD has yielded a comparatively higher 11.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PARFX vs. SCHD - Expense Ratio Comparison
PARFX has a 0.89% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PARFX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (PARFX) and Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
PARFX vs. SCHD - Dividend Comparison
PARFX's dividend yield for the trailing twelve months is around 0.97%, less than SCHD's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | 0.97% | 1.14% | 0.90% | 0.45% | 0.63% | 1.29% | 1.22% | 1.10% | 1.07% | 1.19% | 1.05% | 0.85% |
SCHD Schwab US Dividend Equity ETF | 3.36% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PARFX vs. SCHD - Drawdown Comparison
The maximum PARFX drawdown since its inception was -53.67%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PARFX and SCHD. For additional features, visit the drawdowns tool.
Volatility
PARFX vs. SCHD - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2050 Fund (PARFX) is 3.07%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.57%. This indicates that PARFX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.