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TRRKX vs. SWERX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRRKX vs. SWERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2045 Fund (TRRKX) and Schwab Target 2040 Fund (SWERX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.99%
7.20%
TRRKX
SWERX

Returns By Period

In the year-to-date period, TRRKX achieves a 16.01% return, which is significantly higher than SWERX's 14.06% return. Over the past 10 years, TRRKX has outperformed SWERX with an annualized return of 8.94%, while SWERX has yielded a comparatively lower 7.76% annualized return.


TRRKX

YTD

16.01%

1M

-0.26%

6M

6.25%

1Y

23.07%

5Y (annualized)

10.07%

10Y (annualized)

8.94%

SWERX

YTD

14.06%

1M

-0.37%

6M

6.54%

1Y

21.10%

5Y (annualized)

8.68%

10Y (annualized)

7.76%

Key characteristics


TRRKXSWERX
Sharpe Ratio2.082.10
Sortino Ratio2.862.84
Omega Ratio1.371.42
Calmar Ratio1.972.22
Martin Ratio13.4213.90
Ulcer Index1.70%1.49%
Daily Std Dev10.93%9.89%
Max Drawdown-53.54%-48.24%
Current Drawdown-1.66%-1.60%

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TRRKX vs. SWERX - Expense Ratio Comparison

TRRKX has a 0.63% expense ratio, which is higher than SWERX's 0.00% expense ratio.


TRRKX
T. Rowe Price Retirement 2045 Fund
Expense ratio chart for TRRKX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%
Expense ratio chart for SWERX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between TRRKX and SWERX 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.

Risk-Adjusted Performance

TRRKX vs. SWERX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund (TRRKX) and Schwab Target 2040 Fund (SWERX). 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.


Sharpe ratio
The chart of Sharpe ratio for TRRKX, currently valued at 2.08, compared to the broader market-1.000.001.002.003.004.005.002.082.10
The chart of Sortino ratio for TRRKX, currently valued at 2.86, compared to the broader market0.005.0010.002.862.84
The chart of Omega ratio for TRRKX, currently valued at 1.37, compared to the broader market1.002.003.004.001.371.42
The chart of Calmar ratio for TRRKX, currently valued at 1.97, compared to the broader market0.005.0010.0015.0020.0025.001.972.22
The chart of Martin ratio for TRRKX, currently valued at 13.42, compared to the broader market0.0020.0040.0060.0080.00100.0013.4213.90
TRRKX
SWERX

The current TRRKX Sharpe Ratio is 2.08, which is comparable to the SWERX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TRRKX and SWERX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.08
2.10
TRRKX
SWERX

Dividends

TRRKX vs. SWERX - Dividend Comparison

TRRKX's dividend yield for the trailing twelve months is around 1.17%, less than SWERX's 1.80% yield.


TTM20232022202120202019201820172016201520142013
TRRKX
T. Rowe Price Retirement 2045 Fund
1.17%1.36%1.27%0.66%0.76%1.57%1.60%1.25%1.34%1.39%1.38%1.02%
SWERX
Schwab Target 2040 Fund
1.80%2.06%1.88%2.80%1.32%2.17%2.74%2.61%1.64%2.17%2.43%1.67%

Drawdowns

TRRKX vs. SWERX - Drawdown Comparison

The maximum TRRKX drawdown since its inception was -53.54%, which is greater than SWERX's maximum drawdown of -48.24%. Use the drawdown chart below to compare losses from any high point for TRRKX and SWERX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.66%
-1.60%
TRRKX
SWERX

Volatility

TRRKX vs. SWERX - Volatility Comparison

T. Rowe Price Retirement 2045 Fund (TRRKX) has a higher volatility of 3.00% compared to Schwab Target 2040 Fund (SWERX) at 2.54%. This indicates that TRRKX's price experiences larger fluctuations and is considered to be riskier than SWERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.00%
2.54%
TRRKX
SWERX