SWPRX vs. URFRX
SWPRX (Schwab Target 2060 Fund) and URFRX (USAA Target Retirement 2040 Fund) are both Target Retirement Date funds. Over the past 5 years, SWPRX returned 8.98%/yr vs 8.35%/yr for URFRX. Their 0.96 correlation means they have historically moved very closely together. SWPRX charges 0.00%/yr vs 0.02%/yr for URFRX.
Performance
SWPRX vs. URFRX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SWPRX having a 11.75% return and URFRX slightly higher at 12.10%.
SWPRX
- 1D
- 1.10%
- 1M
- 1.00%
- 6M
- 7.92%
- YTD
- 11.75%
- 1Y
- 22.16%
- 3Y*
- 17.75%
- 5Y*
- 8.98%
- 10Y*
- —
- ALL TIME*
- 11.25%
URFRX
- 1D
- 0.76%
- 1M
- 1.27%
- 6M
- 8.88%
- YTD
- 12.10%
- 1Y
- 20.54%
- 3Y*
- 15.56%
- 5Y*
- 8.35%
- 10Y*
- 9.25%
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWPRX vs. URFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWPRX Schwab Target 2060 Fund | 11.75% | 20.66% | 14.28% | 21.13% | -20.24% | 18.59% | 15.58% | 25.05% | -10.61% | 21.77% |
URFRX USAA Target Retirement 2040 Fund | 12.10% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 19.57% | -8.52% | 18.48% |
Correlation
The correlation between SWPRX and URFRX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.96 |
The correlation between SWPRX and URFRX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
SWPRX vs. URFRX — Risk / Return Rank
SWPRX
URFRX
SWPRX vs. URFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2060 Fund (SWPRX) and USAA Target Retirement 2040 Fund (URFRX). 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.
| SWPRX | URFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.19 | -0.68 |
| Martin ratioReturn relative to average drawdown | 10.64 | 13.66 | -3.02 |
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Drawdowns
SWPRX vs. URFRX - Drawdown Comparison
The maximum SWPRX drawdown since its inception was -32.94%, smaller than the maximum URFRX drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for SWPRX and URFRX.
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Drawdown Indicators
| SWPRX | URFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -39.33% | +6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -6.88% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.77% | -12.41% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | -22.27% | -8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.59% | — |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -5.15% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.60% | +0.65% |
Volatility
SWPRX vs. URFRX - Volatility Comparison
Schwab Target 2060 Fund (SWPRX) has a higher volatility of 3.87% compared to USAA Target Retirement 2040 Fund (URFRX) at 2.55%. This indicates that SWPRX's price experiences larger fluctuations and is considered to be riskier than URFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWPRX | URFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.55% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 8.52% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 10.22% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 12.41% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 13.04% | +3.75% |
SWPRX vs. URFRX - Expense Ratio Comparison
SWPRX has a 0.00% expense ratio, which is lower than URFRX's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SWPRX vs. URFRX - Dividend Comparison
SWPRX's dividend yield for the trailing twelve months is around 3.37%, less than URFRX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWPRX Schwab Target 2060 Fund | 3.37% | 3.76% | 3.11% | 3.30% | 6.08% | 4.64% | 1.79% | 4.29% | 5.07% | 2.55% | 0.00% | 0.00% |
URFRX USAA Target Retirement 2040 Fund | 6.29% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Frequently Asked Questions
With a correlation of 0.98, SWPRX and URFRX 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.
SWPRX has higher volatility (3.87%) compared to URFRX (2.55%). In terms of maximum drawdown, SWPRX dropped -32.94% vs URFRX's -39.33%.
URFRX currently has the higher Sharpe Ratio (2.15 vs 1.82), 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.
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