TRRKX vs. SWERX
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund (TRRKX) and Schwab Target 2040 Fund (SWERX).
TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005. SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRKX or SWERX.
Key characteristics
| TRRKX | SWERX | |
|---|---|---|
| YTD Return | 17.82% | 15.74% |
| 1Y Return | 30.31% | 27.80% |
| 3Y Return (Ann) | 3.74% | 3.70% |
| 5Y Return (Ann) | 10.53% | 9.06% |
| 10Y Return (Ann) | 9.19% | 7.99% |
| Sharpe Ratio | 2.65 | 2.66 |
| Sortino Ratio | 3.63 | 3.61 |
| Omega Ratio | 1.48 | 1.54 |
| Calmar Ratio | 1.94 | 2.10 |
| Martin Ratio | 17.58 | 18.33 |
| Ulcer Index | 1.67% | 1.47% |
| Daily Std Dev | 11.11% | 10.13% |
| Max Drawdown | -53.54% | -48.24% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
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.
Performance
TRRKX vs. SWERX - Performance Comparison
In the year-to-date period, TRRKX achieves a 17.82% return, which is significantly higher than SWERX's 15.74% return. Over the past 10 years, TRRKX has outperformed SWERX with an annualized return of 9.19%, while SWERX has yielded a comparatively lower 7.99% 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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TRRKX vs. SWERX - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than SWERX's 0.00% expense ratio.
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.
Dividends
TRRKX vs. SWERX - Dividend Comparison
TRRKX's dividend yield for the trailing twelve months is around 1.15%, less than SWERX's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 1.15% | 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 | 1.78% | 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.
Volatility
TRRKX vs. SWERX - Volatility Comparison
T. Rowe Price Retirement 2045 Fund (TRRKX) has a higher volatility of 3.01% compared to Schwab Target 2040 Fund (SWERX) at 2.74%. 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.