SWERX vs. TRRKX
Compare and contrast key facts about Schwab Target 2040 Fund (SWERX) and T. Rowe Price Retirement 2045 Fund (TRRKX).
SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005. TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWERX or TRRKX.
Key characteristics
| SWERX | TRRKX | |
|---|---|---|
| YTD Return | 14.78% | 16.82% |
| 1Y Return | 22.84% | 25.01% |
| 3Y Return (Ann) | 3.50% | 3.31% |
| 5Y Return (Ann) | 8.78% | 10.19% |
| 10Y Return (Ann) | 7.89% | 9.11% |
| Sharpe Ratio | 2.53 | 2.51 |
| Sortino Ratio | 3.43 | 3.45 |
| Omega Ratio | 1.52 | 1.46 |
| Calmar Ratio | 2.54 | 2.26 |
| Martin Ratio | 17.32 | 16.58 |
| Ulcer Index | 1.47% | 1.67% |
| Daily Std Dev | 10.11% | 11.07% |
| Max Drawdown | -48.24% | -53.54% |
| Current Drawdown | -0.98% | -0.98% |
Correlation
The correlation between SWERX and TRRKX is 0.97, 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
SWERX vs. TRRKX - Performance Comparison
In the year-to-date period, SWERX achieves a 14.78% return, which is significantly lower than TRRKX's 16.82% return. Over the past 10 years, SWERX has underperformed TRRKX with an annualized return of 7.89%, while TRRKX has yielded a comparatively higher 9.11% 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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SWERX vs. TRRKX - Expense Ratio Comparison
SWERX has a 0.00% expense ratio, which is lower than TRRKX's 0.63% expense ratio.
Risk-Adjusted Performance
SWERX vs. TRRKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and T. Rowe Price Retirement 2045 Fund (TRRKX). 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
SWERX vs. TRRKX - Dividend Comparison
SWERX's dividend yield for the trailing twelve months is around 1.79%, more than TRRKX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWERX Schwab Target 2040 Fund | 1.79% | 2.06% | 1.88% | 2.80% | 1.32% | 2.17% | 2.74% | 2.61% | 1.64% | 2.17% | 2.43% | 1.67% |
TRRKX T. Rowe Price Retirement 2045 Fund | 1.16% | 1.36% | 1.27% | 0.66% | 0.76% | 1.57% | 1.60% | 1.25% | 1.34% | 1.39% | 1.38% | 1.02% |
Drawdowns
SWERX vs. TRRKX - Drawdown Comparison
The maximum SWERX drawdown since its inception was -48.24%, smaller than the maximum TRRKX drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for SWERX and TRRKX. For additional features, visit the drawdowns tool.
Volatility
SWERX vs. TRRKX - Volatility Comparison
The current volatility for Schwab Target 2040 Fund (SWERX) is 2.61%, while T. Rowe Price Retirement 2045 Fund (TRRKX) has a volatility of 2.86%. This indicates that SWERX experiences smaller price fluctuations and is considered to be less risky than TRRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.