SRJSX vs. DTDRX

Last updated Jun 23, 2026

SRJSX (JPMorgan SmartRetirement 2035 Fund) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, SRJSX returned 7.26%/yr vs 11.83%/yr for DTDRX. With a 0.96 correlation, they move nearly in lockstep. SRJSX charges 0.25%/yr vs 0.22%/yr for DTDRX.

Performance

SRJSX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2035 Fund (SRJSX) 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, SRJSX achieves a 7.57% return, which is significantly lower than DTDRX's 11.64% return.

SRJSX

• 1D: 0.92%
• 1M: 1.71%
• YTD: 7.57%
• 6M: 7.44%
• 1Y: 18.55%
• 3Y*: 13.82%
• 5Y*: 7.26%
• 10Y*: 9.43%

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)

SRJSX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SRJSX JPMorgan SmartRetirement 2035 Fund	7.57%	15.45%	9.17%	20.02%	-17.43%	13.93%	14.20%	0.14%
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 SRJSX and DTDRX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.96

The correlation between SRJSX and DTDRX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

SRJSX vs. DTDRX — Risk / Return Rank

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

SRJSX

SRJSX Risk / Return Rank: 52
SRJSX Sharpe Ratio Rank: 51
SRJSX Sortino Ratio Rank: 50
SRJSX Omega Ratio Rank: 52
SRJSX Calmar Ratio Rank: 48
SRJSX Martin Ratio Rank: 58

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.

SRJSX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2035 Fund (SRJSX) 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.

	SRJSX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.51	-0.57
Sortino ratio: Return per unit of downside risk	2.75	3.45	-0.70
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	2.53	3.44	-0.90
Martin ratio: Return relative to average drawdown	10.86	14.76	-3.89

SRJSX vs. DTDRX - Sharpe Ratio Comparison

The current SRJSX Sharpe Ratio is 1.94, which is comparable to the DTDRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of SRJSX 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

SRJSX vs. DTDRX - Drawdown Comparison

The maximum SRJSX drawdown since its inception was -51.17%, which is greater than DTDRX's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for SRJSX and DTDRX.

Drawdown Indicators

	SRJSX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-33.33%	-17.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-8.57%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-15.95%	+4.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-23.47%	-0.39%
Max Drawdown (10Y) Largest decline over 10 years	-29.08%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.67%	+0.63%
Average Drawdown Average peak-to-trough decline	-7.04%	-5.07%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.93%	-0.25%

Volatility

SRJSX vs. DTDRX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement 2035 Fund (SRJSX) is 3.67%, while Dimensional 2065 Target Date Retirement Income Fund (DTDRX) has a volatility of 4.60%. This indicates that SRJSX 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

	SRJSX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	4.60%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	9.56%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	11.75%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.10%	14.96%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.01%	19.17%	-6.16%

SRJSX vs. DTDRX - Expense Ratio Comparison

SRJSX has a 0.25% expense ratio, which is higher than DTDRX's 0.22% 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

SRJSX vs. DTDRX - Dividend Comparison

SRJSX's dividend yield for the trailing twelve months is around 5.44%, 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%
SRJSX JPMorgan SmartRetirement 2035 Fund	5.44%	5.85%	4.81%	2.10%	8.75%	16.99%	4.63%	10.04%	5.64%	3.93%	2.84%	3.15%

Frequently Asked Questions

Can I hold both SRJSX and DTDRX in my portfolio?

With a correlation of 0.90, SRJSX and DTDRX 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, SRJSX or DTDRX?

DTDRX has higher volatility (4.60%) compared to SRJSX (3.67%). In terms of maximum drawdown, SRJSX dropped -51.17% vs DTDRX's -33.33%.

Which has better risk-adjusted returns?

DTDRX currently has the higher Sharpe Ratio (2.51 vs 1.94), 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.