PortfoliosLab logo
T. Rowe Price Retirement 2050 Fund (PARFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

Inception Date

Dec 28, 2006

Min. Investment

$2,500

Asset Class

Multi-Asset

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

PARFX has an expense ratio of 0.89%, placing it in the medium range.


Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


Loading data...

Returns By Period

T. Rowe Price Retirement 2050 Fund (PARFX) returned 1.29% year-to-date (YTD) and 6.13% over the past 12 months. Over the past 10 years, PARFX returned 4.03% annually, underperforming the S&P 500 benchmark at 10.45%.


PARFX

YTD

1.29%

1M

5.53%

6M

-2.73%

1Y

6.13%

5Y*

7.41%

10Y*

4.03%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of PARFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.48%-0.31%-2.96%-0.32%1.50%1.29%
2024-0.00%4.56%3.62%-3.49%3.96%0.99%2.08%2.25%1.47%-2.12%4.17%-4.45%13.27%
20237.07%-2.78%2.13%1.24%-0.97%5.59%3.63%-2.55%-4.09%-2.80%8.18%1.86%16.76%
2022-5.45%-2.53%1.01%-8.04%0.18%-7.63%6.49%-3.82%-8.64%6.10%7.27%-10.39%-24.40%
2021-0.11%3.70%2.20%4.14%1.24%1.12%0.50%2.51%-3.87%4.73%-2.92%-3.23%9.98%
2020-0.77%-6.44%-14.18%10.77%5.19%3.06%5.06%5.13%-2.75%-1.13%11.43%0.78%14.11%
20198.10%2.55%1.17%3.00%-5.03%5.99%0.39%-1.31%1.06%1.58%2.72%-1.24%19.98%
20185.00%-3.47%-0.96%0.32%0.58%-0.06%2.12%0.75%-0.25%-6.69%1.74%-12.85%-14.04%
20172.76%2.76%1.23%1.94%2.11%0.62%2.40%0.53%1.53%1.97%1.74%-1.73%19.30%
2016-5.85%-0.34%6.66%0.87%0.86%-0.54%4.06%0.53%0.90%-1.78%1.06%-1.75%4.23%
2015-0.90%5.08%-0.65%1.45%0.79%-1.85%0.94%-5.81%-3.42%6.70%-0.22%-5.37%-3.95%
2014-2.54%4.59%-0.53%-0.08%2.51%2.00%-1.60%2.74%-2.95%2.00%1.31%-3.47%3.68%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PARFX is 51, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PARFX is 5151
Overall Rank
The Sharpe Ratio Rank of PARFX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of PARFX is 4949
Sortino Ratio Rank
The Omega Ratio Rank of PARFX is 5050
Omega Ratio Rank
The Calmar Ratio Rank of PARFX is 5252
Calmar Ratio Rank
The Martin Ratio Rank of PARFX is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (PARFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

T. Rowe Price Retirement 2050 Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.38
  • 5-Year: 0.46
  • 10-Year: 0.25
  • All Time: 0.25

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of T. Rowe Price Retirement 2050 Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Loading data...

Dividends

Dividend History

T. Rowe Price Retirement 2050 Fund provided a 1.12% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 3 consecutive years.


0.40%0.60%0.80%1.00%1.20%$0.00$0.05$0.10$0.15$0.2020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.21$0.21$0.19$0.13$0.09$0.11$0.20$0.16$0.17$0.14$0.15$0.14

Dividend yield

1.12%1.13%1.14%0.90%0.45%0.63%1.29%1.22%1.10%1.07%1.19%1.05%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price Retirement 2050 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.21$0.21
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.19$0.19
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.09$0.09
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11$0.11
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.20$0.20
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16$0.16
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.14$0.14
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.15
2014$0.14$0.14

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price Retirement 2050 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the T. Rowe Price Retirement 2050 Fund was 54.73%, occurring on Mar 9, 2009. Recovery took 887 trading sessions.

The current T. Rowe Price Retirement 2050 Fund drawdown is 7.43%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-54.73%Oct 15, 2007351Mar 9, 2009887Sep 13, 20121238
-32.69%Dec 20, 201963Mar 23, 202099Aug 12, 2020162
-32.52%Nov 17, 2021229Oct 14, 2022
-22.8%Jan 29, 2018229Dec 24, 2018248Dec 18, 2019477
-20.49%May 22, 2015183Feb 11, 2016275Mar 16, 2017458

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading data...