URTRX vs. SWQRX

Last updated Jun 5, 2026

URTRX (USAA Target Retirement 2030 Fund) and SWQRX (Schwab Target 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, URTRX returned 6.38%/yr vs 9.40%/yr for SWQRX. Their correlation of 0.94 suggests significant overlap in exposure. URTRX charges 0.03%/yr vs 0.00%/yr for SWQRX.

Performance

URTRX vs. SWQRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement 2030 Fund (URTRX) and Schwab Target 2065 Fund (SWQRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URTRX achieves a 7.71% return, which is significantly lower than SWQRX's 11.57% return.

URTRX

• 1D: -0.42%
• 1M: 2.22%
• YTD: 7.71%
• 6M: 8.17%
• 1Y: 17.25%
• 3Y*: 12.99%
• 5Y*: 6.38%
• 10Y*: 7.96%

SWQRX

• 1D: -0.69%
• 1M: 3.21%
• YTD: 11.57%
• 6M: 12.21%
• 1Y: 27.23%
• 3Y*: 19.35%
• 5Y*: 9.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URTRX vs. SWQRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
URTRX USAA Target Retirement 2030 Fund	7.71%	14.78%	8.09%	13.98%	-13.23%	10.45%
SWQRX Schwab Target 2065 Fund	11.57%	20.95%	14.36%	21.21%	-20.23%	15.97%

Correlation

The correlation between URTRX and SWQRX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.94

The correlation between URTRX and SWQRX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

URTRX vs. SWQRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URTRX

URTRX Risk / Return Rank: 73
URTRX Sharpe Ratio Rank: 72
URTRX Sortino Ratio Rank: 72
URTRX Omega Ratio Rank: 70
URTRX Calmar Ratio Rank: 74
URTRX Martin Ratio Rank: 78

SWQRX

SWQRX Risk / Return Rank: 57
SWQRX Sharpe Ratio Rank: 57
SWQRX Sortino Ratio Rank: 54
SWQRX Omega Ratio Rank: 54
SWQRX Calmar Ratio Rank: 54
SWQRX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URTRX vs. SWQRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2030 Fund (URTRX) and Schwab Target 2065 Fund (SWQRX). 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.

	URTRX	SWQRX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.24	+0.22
Sortino ratio: Return per unit of downside risk	3.55	3.11	+0.44
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.06
Calmar ratio: Return relative to maximum drawdown	3.33	2.83	+0.50
Martin ratio: Return relative to average drawdown	14.39	12.54	+1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URTRX vs. SWQRX - Sharpe Ratio Comparison

The current URTRX Sharpe Ratio is 2.46, which is comparable to the SWQRX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of URTRX and SWQRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URTRX	SWQRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.24	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.59	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.70	-0.09

Drawdowns

URTRX vs. SWQRX - Drawdown Comparison

The maximum URTRX drawdown since its inception was -34.10%, which is greater than SWQRX's maximum drawdown of -28.26%. Use the drawdown chart below to compare losses from any high point for URTRX and SWQRX.

Drawdown Indicators

	URTRX	SWQRX	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-28.26%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.29%	-9.80%	+4.51%
Max Drawdown (3Y) Largest decline over 3 years	-9.12%	-16.02%	+6.90%
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	-28.26%	+8.74%
Max Drawdown (10Y) Largest decline over 10 years	-23.56%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.69%	+0.27%
Average Drawdown Average peak-to-trough decline	-4.15%	-6.66%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	2.20%	-0.98%

Volatility

URTRX vs. SWQRX - Volatility Comparison

The current volatility for USAA Target Retirement 2030 Fund (URTRX) is 2.54%, while Schwab Target 2065 Fund (SWQRX) has a volatility of 3.70%. This indicates that URTRX experiences smaller price fluctuations and is considered to be less risky than SWQRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URTRX	SWQRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	3.70%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	9.79%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	7.16%	12.37%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.69%	15.94%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.35%	15.79%	-5.44%

URTRX vs. SWQRX - Expense Ratio Comparison

URTRX has a 0.03% expense ratio, which is higher than SWQRX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

URTRX vs. SWQRX - Dividend Comparison

URTRX's dividend yield for the trailing twelve months is around 6.29%, more than SWQRX's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWQRX Schwab Target 2065 Fund	2.83%	3.16%	2.92%	3.31%	5.00%	2.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URTRX USAA Target Retirement 2030 Fund	6.29%	6.78%	3.16%	4.24%	9.53%	7.66%	4.53%	11.43%	8.54%	8.10%	4.06%	2.80%

Frequently Asked Questions

Can I hold both URTRX and SWQRX in my portfolio?

With a correlation of 0.97, URTRX and SWQRX 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.

Which is riskier, URTRX or SWQRX?

SWQRX has higher volatility (3.70%) compared to URTRX (2.54%). In terms of maximum drawdown, URTRX dropped -34.10% vs SWQRX's -28.26%.

Which has better risk-adjusted returns?

URTRX currently has the higher Sharpe Ratio (2.46 vs 2.24), 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.