TRRNX vs. SWYNX
TRRNX (T. Rowe Price Retirement 2055 Fund) and SWYNX (Schwab Target 2060 Index Fund) are both Target Retirement Date funds. Both are actively managed. Over the past 5 years, TRRNX returned 7.92%/yr vs 10.27%/yr for SWYNX. Their 0.95 correlation means they have historically moved very closely together. TRRNX charges 0.63%/yr vs 0.08%/yr for SWYNX.
Performance
TRRNX vs. SWYNX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TRRNX having a 10.95% return and SWYNX slightly higher at 11.34%.
TRRNX
- 1D
- 1.77%
- 1M
- -0.04%
- 6M
- 5.96%
- YTD
- 10.95%
- 1Y
- 17.62%
- 3Y*
- 14.46%
- 5Y*
- 7.92%
- 10Y*
- 10.76%
- ALL TIME*
- 8.16%
SWYNX
- 1D
- 1.79%
- 1M
- -0.40%
- 6M
- 8.21%
- YTD
- 11.34%
- 1Y
- 22.81%
- 3Y*
- 17.74%
- 5Y*
- 10.27%
- 10Y*
- —
- ALL TIME*
- 11.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRRNX vs. SWYNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 10.95% | 14.33% | 14.24% | 20.88% | -19.17% | 17.42% | 18.54% | 25.40% | -7.70% | 20.78% |
SWYNX Schwab Target 2060 Index Fund | 11.34% | 20.19% | 14.71% | 23.96% | -17.93% | 18.84% | 14.88% | 26.10% | -9.98% | 20.36% |
Correlation
The correlation between TRRNX and SWYNX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.95 |
The correlation between TRRNX and SWYNX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
TRRNX vs. SWYNX — Risk / Return Rank
TRRNX
SWYNX
TRRNX vs. SWYNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and Schwab Target 2060 Index Fund (SWYNX). 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.
| TRRNX | SWYNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.31 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.65 | 9.96 | -3.31 |
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Drawdowns
TRRNX vs. SWYNX - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -53.59%, which is greater than SWYNX's maximum drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for TRRNX and SWYNX.
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Drawdown Indicators
| TRRNX | SWYNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -31.91% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -9.01% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -15.75% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -25.90% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.38% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -4.82% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.09% | +0.31% |
Volatility
TRRNX vs. SWYNX - Volatility Comparison
T. Rowe Price Retirement 2055 Fund (TRRNX) and Schwab Target 2060 Index Fund (SWYNX) have volatilities of 3.49% and 3.54%, 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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Volatility by Period
| TRRNX | SWYNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.54% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 10.72% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 12.91% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 15.53% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 16.57% | -1.05% |
TRRNX vs. SWYNX - Expense Ratio Comparison
TRRNX has a 0.63% expense ratio, which is higher than SWYNX's 0.08% expense ratio.
Dividends
TRRNX vs. SWYNX - Dividend Comparison
TRRNX has not paid dividends to shareholders, while SWYNX's dividend yield for the trailing twelve months is around 1.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWYNX Schwab Target 2060 Index Fund | 1.73% | 1.92% | 1.97% | 4.00% | 1.96% | 1.77% | 1.66% | 1.99% | 0.00% | 1.45% | 0.00% | 0.00% |
TRRNX T. Rowe Price Retirement 2055 Fund | 0.00% | 0.00% | 1.77% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 2.12% | 2.62% | 3.50% |
Frequently Asked Questions
With a correlation of 0.95, TRRNX and SWYNX 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.
SWYNX has higher volatility (3.54%) compared to TRRNX (3.49%). In terms of maximum drawdown, TRRNX dropped -53.59% vs SWYNX's -31.91%.
SWYNX currently has the higher Sharpe Ratio (1.62 vs 1.19), 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.
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