TRRYX vs. SWYNX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRYX) and Schwab Target 2060 Index Fund (SWYNX).
TRRYX is managed by T. Rowe Price. It was launched on Jun 22, 2014. SWYNX 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: TRRYX or SWYNX.
Key characteristics
TRRYX | SWYNX | |
---|---|---|
YTD Return | 13.93% | 14.45% |
1Y Return | 22.09% | 23.25% |
3Y Return (Ann) | 4.21% | 5.66% |
5Y Return (Ann) | 10.25% | 10.73% |
Sharpe Ratio | 1.87 | 1.90 |
Daily Std Dev | 11.74% | 12.25% |
Max Drawdown | -32.54% | -33.36% |
Current Drawdown | -0.66% | -0.05% |
Correlation
The correlation between TRRYX and SWYNX is 0.95, 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
TRRYX vs. SWYNX - Performance Comparison
The year-to-date returns for both investments are quite close, with TRRYX having a 13.93% return and SWYNX slightly higher at 14.45%. 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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TRRYX vs. SWYNX - Expense Ratio Comparison
TRRYX has a 0.90% expense ratio, which is higher than SWYNX's 0.04% expense ratio.
Risk-Adjusted Performance
TRRYX vs. SWYNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRYX) 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.
Dividends
TRRYX vs. SWYNX - Dividend Comparison
TRRYX's dividend yield for the trailing twelve months is around 2.76%, more than SWYNX's 1.75% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
T. Rowe Price Retirement 2060 Fund | 2.76% | 3.14% | 5.54% | 4.01% | 2.26% | 4.12% | 5.23% | 2.66% | 2.57% | 2.07% | 1.52% |
Schwab Target 2060 Index Fund | 1.75% | 2.01% | 1.96% | 1.77% | 1.66% | 1.99% | 2.16% | 1.45% | 1.23% | 0.00% | 0.00% |
Drawdowns
TRRYX vs. SWYNX - Drawdown Comparison
The maximum TRRYX drawdown since its inception was -32.54%, roughly equal to the maximum SWYNX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for TRRYX and SWYNX. For additional features, visit the drawdowns tool.
Volatility
TRRYX vs. SWYNX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRYX) has a higher volatility of 3.86% compared to Schwab Target 2060 Index Fund (SWYNX) at 2.91%. This indicates that TRRYX's price experiences larger fluctuations and is considered to be riskier than SWYNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.