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:
1.15
SCHX:
2.23
TRRDX:
1.60
SCHX:
2.96
TRRDX:
1.21
SCHX:
1.41
TRRDX:
1.67
SCHX:
3.31
TRRDX:
6.91
SCHX:
14.49
TRRDX:
1.73%
SCHX:
1.95%
TRRDX:
10.40%
SCHX:
12.70%
TRRDX:
-53.50%
SCHX:
-34.33%
TRRDX:
-5.95%
SCHX:
-2.20%
Returns By Period
In the year-to-date period, TRRDX achieves a 11.07% return, which is significantly lower than SCHX's 27.64% return. Over the past 10 years, TRRDX has underperformed SCHX with an annualized return of 8.39%, while SCHX has yielded a comparatively higher 15.57% annualized return.
TRRDX
11.07%
-4.36%
1.76%
11.72%
8.28%
8.39%
SCHX
27.64%
-0.14%
11.56%
28.02%
16.71%
15.57%
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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 has not paid dividends to shareholders, while SCHX's dividend yield for the trailing twelve months is around 2.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 0.00% | 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 | 2.37% | 3.54% | 3.14% | 2.51% | 1.64% | 5.47% | 6.50% | 2.65% | 4.85% | 3.17% | 3.46% | 2.58% |
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 3.26%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 3.97%. 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.