SWYHX vs. TRRKX
Compare and contrast key facts about Schwab Target 2045 Index Fund (SWYHX) and T. Rowe Price Retirement 2045 Fund (TRRKX).
SWYHX is managed by Schwab Funds. It was launched on Aug 24, 2016. 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: SWYHX or TRRKX.
Performance
SWYHX vs. TRRKX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SWYHX having a 15.33% return and TRRKX slightly higher at 16.01%.
SWYHX
15.33%
-0.37%
7.67%
22.70%
9.68%
N/A
TRRKX
16.01%
-0.26%
6.25%
23.07%
10.07%
8.94%
Key characteristics
| SWYHX | TRRKX | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.08 |
| Sortino Ratio | 2.89 | 2.86 |
| Omega Ratio | 1.43 | 1.37 |
| Calmar Ratio | 3.03 | 1.97 |
| Martin Ratio | 14.30 | 13.42 |
| Ulcer Index | 1.56% | 1.70% |
| Daily Std Dev | 10.37% | 10.93% |
| Max Drawdown | -30.74% | -53.54% |
| Current Drawdown | -1.57% | -1.66% |
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SWYHX vs. TRRKX - Expense Ratio Comparison
SWYHX has a 0.04% expense ratio, which is lower than TRRKX's 0.63% expense ratio.
Correlation
The correlation between SWYHX and TRRKX is 0.95, 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
SWYHX vs. TRRKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Index Fund (SWYHX) 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
SWYHX vs. TRRKX - Dividend Comparison
SWYHX's dividend yield for the trailing twelve months is around 1.76%, more than TRRKX's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYHX Schwab Target 2045 Index Fund | 1.76% | 2.03% | 1.98% | 1.75% | 1.64% | 1.95% | 2.22% | 1.42% | 1.04% | 0.00% | 0.00% | 0.00% |
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
SWYHX vs. TRRKX - Drawdown Comparison
The maximum SWYHX drawdown since its inception was -30.74%, smaller than the maximum TRRKX drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for SWYHX and TRRKX. For additional features, visit the drawdowns tool.
Volatility
SWYHX vs. TRRKX - Volatility Comparison
The current volatility for Schwab Target 2045 Index Fund (SWYHX) is 2.68%, while T. Rowe Price Retirement 2045 Fund (TRRKX) has a volatility of 3.00%. This indicates that SWYHX 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.