SWMRX vs. TRRKX
Compare and contrast key facts about Schwab Target 2045 Fund (SWMRX) and T. Rowe Price Retirement 2045 Fund (TRRKX).
SWMRX is managed by Charles Schwab. It was launched on Jan 22, 2013. 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: SWMRX or TRRKX.
Performance
SWMRX vs. TRRKX - Performance Comparison
Returns By Period
In the year-to-date period, SWMRX achieves a 14.72% return, which is significantly lower than TRRKX's 16.01% return. Over the past 10 years, SWMRX has underperformed TRRKX with an annualized return of 8.00%, while TRRKX has yielded a comparatively higher 8.94% annualized return.
SWMRX
14.72%
-0.46%
6.53%
22.02%
9.19%
8.00%
TRRKX
16.01%
-0.26%
6.25%
23.07%
10.07%
8.94%
Key characteristics
| SWMRX | TRRKX | |
|---|---|---|
| Sharpe Ratio | 2.04 | 2.08 |
| Sortino Ratio | 2.74 | 2.86 |
| Omega Ratio | 1.41 | 1.37 |
| Calmar Ratio | 2.26 | 1.97 |
| Martin Ratio | 13.42 | 13.42 |
| Ulcer Index | 1.61% | 1.70% |
| Daily Std Dev | 10.61% | 10.93% |
| Max Drawdown | -31.74% | -53.54% |
| Current Drawdown | -1.76% | -1.66% |
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SWMRX vs. TRRKX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than TRRKX's 0.63% expense ratio.
Correlation
The correlation between SWMRX and TRRKX is 0.96, 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.
Risk-Adjusted Performance
SWMRX vs. TRRKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) 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
SWMRX vs. TRRKX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 1.69%, more than TRRKX's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | 1.69% | 1.94% | 1.77% | 2.86% | 1.16% | 2.00% | 2.64% | 2.55% | 1.52% | 1.96% | 2.38% | 1.50% |
TRRKX T. Rowe Price Retirement 2045 Fund | 1.17% | 1.36% | 1.27% | 0.66% | 0.76% | 1.57% | 1.60% | 1.25% | 1.34% | 1.39% | 1.38% | 1.02% |
Drawdowns
SWMRX vs. TRRKX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -31.74%, smaller than the maximum TRRKX drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for SWMRX and TRRKX. For additional features, visit the drawdowns tool.
Volatility
SWMRX vs. TRRKX - Volatility Comparison
The current volatility for Schwab Target 2045 Fund (SWMRX) is 2.73%, while T. Rowe Price Retirement 2045 Fund (TRRKX) has a volatility of 3.00%. This indicates that SWMRX 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.