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.
Key characteristics
| TRRDX | SCHX | |
|---|---|---|
| YTD Return | 14.80% | 20.50% |
| 1Y Return | 23.91% | 31.57% |
| 3Y Return (Ann) | 4.99% | 10.19% |
| 5Y Return (Ann) | 10.30% | 15.42% |
| 10Y Return (Ann) | 9.06% | 13.03% |
| Sharpe Ratio | 2.12 | 2.34 |
| Daily Std Dev | 10.95% | 12.97% |
| Max Drawdown | -53.50% | -34.33% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TRRDX and SCHX 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.
Performance
TRRDX vs. SCHX - Performance Comparison
In the year-to-date period, TRRDX achieves a 14.80% return, which is significantly lower than SCHX's 20.50% return. Over the past 10 years, TRRDX has underperformed SCHX with an annualized return of 9.06%, while SCHX has yielded a comparatively higher 13.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.88%, more than SCHX's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 4.88% | 5.60% | 8.92% | 7.92% | 4.96% | 6.10% | 9.51% | 3.96% | 4.74% | 6.02% | 5.27% | 2.65% |
SCHX Schwab U.S. Large-Cap ETF | 0.93% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 2.39% | 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 3.61%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 4.28%. 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.