URTRX vs. TRLAX
URTRX (USAA Target Retirement 2030 Fund) and TRLAX (T. Rowe Price Retirement Income 2020 Fund) are both Target Retirement Date funds. Over the past 5 years, URTRX returned 6.48%/yr vs 4.15%/yr for TRLAX. Their correlation of 0.93 means they have usually moved in the same direction. URTRX charges 0.03%/yr vs 0.53%/yr for TRLAX.
Performance
URTRX vs. TRLAX - Performance Comparison
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Returns By Period
In the year-to-date period, URTRX achieves a 8.92% return, which is significantly higher than TRLAX's 6.14% return.
URTRX
- 1D
- 0.56%
- 1M
- 0.84%
- 6M
- 6.43%
- YTD
- 8.92%
- 1Y
- 15.63%
- 3Y*
- 12.56%
- 5Y*
- 6.48%
- 10Y*
- 7.74%
- ALL TIME*
- 7.09%
TRLAX
- 1D
- 0.63%
- 1M
- 0.42%
- 6M
- 4.33%
- YTD
- 6.14%
- 1Y
- 11.66%
- 3Y*
- 10.18%
- 5Y*
- 4.15%
- 10Y*
- —
- ALL TIME*
- 6.63%
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 |
URTRX vs. TRLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTRX USAA Target Retirement 2030 Fund | 8.92% | 14.78% | 8.09% | 13.98% | -13.23% | 12.23% | 9.25% | 17.13% | -6.98% | 7.01% |
TRLAX T. Rowe Price Retirement Income 2020 Fund | 6.14% | 10.92% | 8.74% | 12.89% | -16.59% | 10.45% | 13.48% | 19.08% | -4.95% | 5.22% |
Correlation
The correlation between URTRX and TRLAX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017 | 0.93 |
The correlation between URTRX and TRLAX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URTRX vs. TRLAX — Risk / Return Rank
URTRX
TRLAX
URTRX vs. TRLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2030 Fund (URTRX) and T. Rowe Price Retirement Income 2020 Fund (TRLAX). 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.
| URTRX | TRLAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.56 | +0.58 |
| Martin ratioReturn relative to average drawdown | 13.20 | 11.63 | +1.58 |
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Drawdowns
URTRX vs. TRLAX - Drawdown Comparison
The maximum URTRX drawdown since its inception was -34.10%, which is greater than TRLAX's maximum drawdown of -23.82%. Use the drawdown chart below to compare losses from any high point for URTRX and TRLAX.
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Drawdown Indicators
| URTRX | TRLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -23.82% | -10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.70% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.12% | -8.86% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -22.46% | +2.94% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -4.50% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.18% | +0.07% |
Volatility
URTRX vs. TRLAX - Volatility Comparison
USAA Target Retirement 2030 Fund (URTRX) has a higher volatility of 2.02% compared to T. Rowe Price Retirement Income 2020 Fund (TRLAX) at 1.92%. This indicates that URTRX's price experiences larger fluctuations and is considered to be riskier than TRLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URTRX | TRLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.92% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 6.10% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.81% | 7.61% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 8.89% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.31% | 9.72% | +0.59% |
URTRX vs. TRLAX - Expense Ratio Comparison
URTRX has a 0.03% expense ratio, which is lower than TRLAX's 0.53% expense ratio.
Dividends
URTRX vs. TRLAX - Dividend Comparison
URTRX's dividend yield for the trailing twelve months is around 6.22%, less than TRLAX's 8.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRLAX T. Rowe Price Retirement Income 2020 Fund | 8.62% | 8.08% | 8.38% | 6.52% | 7.29% | 7.77% | 7.93% | 5.80% | 7.83% | 2.84% | 0.00% | 0.00% |
URTRX USAA Target Retirement 2030 Fund | 6.22% | 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
URTRX and TRLAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTRX has higher volatility (2.02%) compared to TRLAX (1.92%). In terms of maximum drawdown, URTRX dropped -34.10% vs TRLAX's -23.82%.
URTRX currently has the higher Sharpe Ratio (2.13 vs 1.92), 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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