Correlation
The correlation between TRRKX and SWYHX is 0.93, 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.
TRRKX vs. SWYHX
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund (TRRKX) and Schwab Target 2045 Index Fund (SWYHX).
TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005. SWYHX is managed by Schwab Funds. It was launched on Aug 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRKX or SWYHX.
Performance
TRRKX vs. SWYHX - Performance Comparison
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Key characteristics
TRRKX:
0.61
SWYHX:
0.84
TRRKX:
0.84
SWYHX:
1.17
TRRKX:
1.12
SWYHX:
1.17
TRRKX:
0.48
SWYHX:
0.81
TRRKX:
2.38
SWYHX:
3.58
TRRKX:
3.56%
SWYHX:
3.21%
TRRKX:
16.19%
SWYHX:
15.05%
TRRKX:
-56.15%
SWYHX:
-30.74%
TRRKX:
-3.82%
SWYHX:
-0.58%
Returns By Period
The year-to-date returns for both stocks are quite close, with TRRKX having a 4.45% return and SWYHX slightly lower at 4.34%.
TRRKX
4.45%
4.54%
-0.11%
9.74%
6.94%
7.33%
4.47%
SWYHX
4.34%
4.51%
1.00%
12.53%
10.26%
11.37%
N/A
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TRRKX vs. SWYHX - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than SWYHX's 0.04% expense ratio.
Risk-Adjusted Performance
TRRKX vs. SWYHX — Risk-Adjusted Performance Rank
TRRKX
SWYHX
TRRKX vs. SWYHX - 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 2045 Index Fund (SWYHX). 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.
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Dividends
TRRKX vs. SWYHX - Dividend Comparison
TRRKX's dividend yield for the trailing twelve months is around 1.88%, less than SWYHX's 2.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 1.88% | 1.96% | 4.40% | 7.83% | 6.88% | 4.52% | 5.94% | 8.98% | 3.52% | 4.55% | 5.64% | 3.56% |
SWYHX Schwab Target 2045 Index Fund | 2.04% | 2.13% | 2.03% | 1.98% | 1.80% | 1.65% | 1.96% | 2.23% | 1.42% | 1.04% | 0.00% | 0.00% |
Drawdowns
TRRKX vs. SWYHX - Drawdown Comparison
The maximum TRRKX drawdown since its inception was -56.15%, which is greater than SWYHX's maximum drawdown of -30.74%. Use the drawdown chart below to compare losses from any high point for TRRKX and SWYHX.
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Volatility
TRRKX vs. SWYHX - Volatility Comparison
T. Rowe Price Retirement 2045 Fund (TRRKX) and Schwab Target 2045 Index Fund (SWYHX) have volatilities of 3.59% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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