TRRDX vs. SCHX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and Schwab U.S. Large-Cap ETF (SCHX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRDX or SCHX.
Performance
TRRDX vs. SCHX - Performance Comparison
Returns By Period
In the year-to-date period, TRRDX achieves a 15.71% return, which is significantly lower than SCHX's 27.18% return. Over the past 10 years, TRRDX has underperformed SCHX with an annualized return of 8.91%, while SCHX has yielded a comparatively higher 14.85% annualized return.
TRRDX
15.71%
0.47%
7.28%
22.22%
9.91%
8.91%
SCHX
27.18%
2.30%
14.79%
33.93%
17.23%
14.85%
Key characteristics
| TRRDX | SCHX | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.79 |
| Sortino Ratio | 3.05 | 3.70 |
| Omega Ratio | 1.40 | 1.52 |
| Calmar Ratio | 2.21 | 4.03 |
| Martin Ratio | 14.28 | 18.05 |
| Ulcer Index | 1.58% | 1.91% |
| Daily Std Dev | 10.22% | 12.37% |
| Max Drawdown | -53.50% | -34.33% |
| Current Drawdown | -1.05% | -0.76% |
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TRRDX vs. SCHX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than SCHX's 0.03% expense ratio.
Correlation
The correlation between TRRDX and SCHX 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
TRRDX vs. SCHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and Schwab U.S. Large-Cap ETF (SCHX). 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
TRRDX vs. SCHX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.30%, more than SCHX's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.30% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
SCHX Schwab U.S. Large-Cap ETF | 1.18% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.92% | 2.04% | 1.76% | 1.65% |
Drawdowns
TRRDX vs. SCHX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for TRRDX and SCHX. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. SCHX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2040 Fund (TRRDX) is 2.71%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 4.14%. This indicates that TRRDX experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.