TRRHX vs. SWYDX
TRRHX (T. Rowe Price Retirement 2025 Fund) and SWYDX (Schwab Target 2025 Index Fund) are both Target Retirement Date funds. Over the past 5 years, TRRHX returned 4.24%/yr vs 5.38%/yr for SWYDX. Their correlation of 0.94 suggests significant overlap in exposure. TRRHX charges 0.55%/yr vs 0.04%/yr for SWYDX.
Performance
TRRHX vs. SWYDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRRHX achieves a 5.67% return, which is significantly higher than SWYDX's 5.21% return.
TRRHX
- 1D
- 0.11%
- 1M
- -0.59%
- YTD
- 5.67%
- 6M
- 5.19%
- 1Y
- 7.19%
- 3Y*
- 9.81%
- 5Y*
- 4.24%
- 10Y*
- 8.05%
SWYDX
- 1D
- 0.25%
- 1M
- -0.25%
- YTD
- 5.21%
- 6M
- 4.69%
- 1Y
- 12.66%
- 3Y*
- 11.24%
- 5Y*
- 5.38%
- 10Y*
- —
TRRHX vs. SWYDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRHX T. Rowe Price Retirement 2025 Fund | 5.67% | 6.59% | 9.71% | 14.63% | -15.59% | 12.02% | 14.68% | 20.96% | -5.68% | 17.69% |
SWYDX Schwab Target 2025 Index Fund | 5.21% | 12.60% | 8.62% | 14.47% | -14.78% | 10.24% | 12.37% | 18.89% | -6.38% | 14.53% |
Correlation
The correlation between TRRHX and SWYDX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.94 |
The correlation between TRRHX and SWYDX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRRHX vs. SWYDX — Risk / Return Rank
TRRHX
SWYDX
TRRHX vs. SWYDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2025 Fund (TRRHX) and Schwab Target 2025 Index Fund (SWYDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRRHX | SWYDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.53 | -1.60 |
| Martin ratioReturn relative to average drawdown | 2.81 | 11.18 | -8.37 |
Loading charts...
Drawdowns
TRRHX vs. SWYDX - Drawdown Comparison
The maximum TRRHX drawdown since its inception was -50.04%, which is greater than SWYDX's maximum drawdown of -20.49%. Use the drawdown chart below to compare losses from any high point for TRRHX and SWYDX.
Loading charts...
Drawdown Indicators
| TRRHX | SWYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.04% | -20.49% | -29.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -4.94% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -7.56% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -20.43% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -26.42% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.86% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -3.41% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.12% | +1.43% |
Volatility
TRRHX vs. SWYDX - Volatility Comparison
T. Rowe Price Retirement 2025 Fund (TRRHX) has a higher volatility of 3.03% compared to Schwab Target 2025 Index Fund (SWYDX) at 2.64%. This indicates that TRRHX's price experiences larger fluctuations and is considered to be riskier than SWYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRRHX | SWYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.64% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 5.41% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 6.54% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 9.25% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.78% | 9.82% | +0.96% |
TRRHX vs. SWYDX - Expense Ratio Comparison
TRRHX has a 0.55% expense ratio, which is higher than SWYDX's 0.04% expense ratio.
Dividends
TRRHX vs. SWYDX - Dividend Comparison
TRRHX has not paid dividends to shareholders, while SWYDX's dividend yield for the trailing twelve months is around 5.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYDX Schwab Target 2025 Index Fund | 5.10% | 5.37% | 3.41% | 2.58% | 2.32% | 1.92% | 1.79% | 1.91% | 0.00% | 1.33% | 0.79% | 0.00% |
TRRHX T. Rowe Price Retirement 2025 Fund | 0.00% | 0.00% | 4.13% | 6.58% | 12.69% | 10.87% | 5.21% | 4.95% | 7.52% | 3.70% | 2.00% | 3.11% |
Frequently Asked Questions
With a correlation of 0.93, TRRHX and SWYDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRRHX has higher volatility (3.03%) compared to SWYDX (2.64%). In terms of maximum drawdown, TRRHX dropped -50.04% vs SWYDX's -20.49%.
SWYDX currently has the higher Sharpe Ratio (1.92 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TRRHX and SWYDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer