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.
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.
Performance
TRRDX vs. SCHX - Performance Comparison
Key characteristics
TRRDX:
0.28
SCHX:
0.38
TRRDX:
0.49
SCHX:
0.66
TRRDX:
1.07
SCHX:
1.10
TRRDX:
0.21
SCHX:
0.38
TRRDX:
1.36
SCHX:
1.68
TRRDX:
3.03%
SCHX:
4.31%
TRRDX:
14.61%
SCHX:
19.03%
TRRDX:
-56.43%
SCHX:
-34.33%
TRRDX:
-14.77%
SCHX:
-14.12%
Returns By Period
In the year-to-date period, TRRDX achieves a -3.79% return, which is significantly higher than SCHX's -10.05% return. Over the past 10 years, TRRDX has underperformed SCHX with an annualized return of 2.86%, while SCHX has yielded a comparatively higher 12.94% annualized return.
TRRDX
-3.79%
-5.68%
-6.85%
4.71%
5.77%
2.86%
SCHX
-10.05%
-6.96%
-9.36%
8.10%
15.54%
12.94%
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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.
Risk-Adjusted Performance
TRRDX vs. SCHX — Risk-Adjusted Performance Rank
TRRDX
SCHX
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 1.60%, more than SCHX's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.60% | 1.54% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% |
SCHX Schwab U.S. Large-Cap ETF | 1.36% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.93% | 2.04% | 1.76% |
Drawdowns
TRRDX vs. SCHX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -56.43%, 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 10.23%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 13.45%. 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.