Correlation
The correlation between PATVX 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.
PATVX vs. SCHD
Compare and contrast key facts about T. Rowe Price Target 2035 Fund (PATVX) and Schwab US Dividend Equity ETF (SCHD).
PATVX is managed by T. Rowe Price. It was launched on Aug 19, 2013. 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: PATVX or SCHD.
Performance
PATVX vs. SCHD - Performance Comparison
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Key characteristics
PATVX:
0.66
SCHD:
0.35
PATVX:
0.87
SCHD:
0.56
PATVX:
1.12
SCHD:
1.07
PATVX:
0.57
SCHD:
0.33
PATVX:
2.29
SCHD:
0.99
PATVX:
2.80%
SCHD:
5.36%
PATVX:
11.11%
SCHD:
16.40%
PATVX:
-26.76%
SCHD:
-33.37%
PATVX:
-1.30%
SCHD:
-9.75%
Returns By Period
In the year-to-date period, PATVX achieves a 3.74% return, which is significantly higher than SCHD's -3.35% return. Over the past 10 years, PATVX has underperformed SCHD with an annualized return of 4.34%, while SCHD has yielded a comparatively higher 10.58% annualized return.
PATVX
3.74%
2.93%
-0.66%
6.63%
5.38%
6.08%
4.34%
SCHD
-3.35%
1.79%
-9.75%
3.76%
3.71%
12.22%
10.58%
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PATVX vs. SCHD - Expense Ratio Comparison
PATVX has a 0.83% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PATVX vs. SCHD — Risk-Adjusted Performance Rank
PATVX
SCHD
PATVX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2035 Fund (PATVX) 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.
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Dividends
PATVX vs. SCHD - Dividend Comparison
PATVX's dividend yield for the trailing twelve months is around 3.45%, less than SCHD's 3.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PATVX T. Rowe Price Target 2035 Fund | 3.45% | 3.58% | 3.00% | 5.31% | 3.38% | 2.93% | 3.77% | 5.30% | 3.05% | 3.61% | 3.78% | 2.04% |
SCHD Schwab US Dividend Equity ETF | 3.97% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
PATVX vs. SCHD - Drawdown Comparison
The maximum PATVX drawdown since its inception was -26.76%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PATVX and SCHD.
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Volatility
PATVX vs. SCHD - Volatility Comparison
The current volatility for T. Rowe Price Target 2035 Fund (PATVX) is 2.43%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.90%. This indicates that PATVX 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.
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