TRRJX vs. SWIRX
Compare and contrast key facts about T. Rowe Price Retirement 2035 Fund (TRRJX) and Schwab Target 2035 Fund (SWIRX).
TRRJX is managed by T. Rowe Price. It was launched on Feb 27, 2004. SWIRX is managed by Charles Schwab. It was launched on Mar 11, 2008.
Performance
TRRJX vs. SWIRX - Performance Comparison
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TRRJX vs. SWIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | -0.81% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 20.89% |
SWIRX Schwab Target 2035 Fund | -1.29% | 16.49% | 11.73% | 17.92% | -17.91% | 14.21% | 14.05% | 21.85% | -8.24% | 19.13% |
Returns By Period
In the year-to-date period, TRRJX achieves a -0.81% return, which is significantly higher than SWIRX's -1.29% return. Both investments have delivered pretty close results over the past 10 years, with TRRJX having a 8.99% annualized return and SWIRX not far behind at 8.68%.
TRRJX
- 1D
- 2.20%
- 1M
- -5.39%
- YTD
- -0.81%
- 6M
- -3.17%
- 1Y
- 9.13%
- 3Y*
- 11.25%
- 5Y*
- 5.33%
- 10Y*
- 8.99%
SWIRX
- 1D
- 2.00%
- 1M
- -4.77%
- YTD
- -1.29%
- 6M
- 0.69%
- 1Y
- 14.72%
- 3Y*
- 12.55%
- 5Y*
- 6.30%
- 10Y*
- 8.68%
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TRRJX vs. SWIRX - Expense Ratio Comparison
TRRJX has a 0.59% expense ratio, which is higher than SWIRX's 0.00% expense ratio.
Return for Risk
TRRJX vs. SWIRX — Risk / Return Rank
TRRJX
SWIRX
TRRJX vs. SWIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) and Schwab Target 2035 Fund (SWIRX). 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.
| TRRJX | SWIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.27 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.85 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.79 | -1.02 |
Martin ratioReturn relative to average drawdown | 3.24 | 7.97 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRJX | SWIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.27 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.47 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.65 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.52 | -0.04 |
Correlation
The correlation between TRRJX and SWIRX is 0.97, 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.
Dividends
TRRJX vs. SWIRX - Dividend Comparison
TRRJX has not paid dividends to shareholders, while SWIRX's dividend yield for the trailing twelve months is around 6.91%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
SWIRX Schwab Target 2035 Fund | 6.91% | 6.82% | 3.96% | 3.42% | 7.40% | 5.81% | 2.87% | 6.33% | 7.12% | 3.37% | 5.74% | 8.16% |
Drawdowns
TRRJX vs. SWIRX - Drawdown Comparison
The maximum TRRJX drawdown since its inception was -53.57%, which is greater than SWIRX's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for TRRJX and SWIRX.
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Drawdown Indicators
| TRRJX | SWIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -41.53% | -12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -8.45% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -28.70% | +2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -30.14% | -28.70% | -1.44% |
Current DrawdownCurrent decline from peak | -6.04% | -5.41% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -6.13% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.90% | +0.63% |
Volatility
TRRJX vs. SWIRX - Volatility Comparison
T. Rowe Price Retirement 2035 Fund (TRRJX) has a higher volatility of 4.87% compared to Schwab Target 2035 Fund (SWIRX) at 4.45%. This indicates that TRRJX's price experiences larger fluctuations and is considered to be riskier than SWIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRJX | SWIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.45% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 7.01% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 11.87% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 13.55% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.52% | 13.47% | +0.05% |