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T. Rowe Price Retirement 2030 Fund (TRRCX) Sharpe Ratio: 1.20

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2030) included in its name and assumes a retirement age of 65.

TRRCX's Sharpe Ratio of 1.20 indicates that for each unit of volatility, it generates 1.20 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TRRCX Sharpe Ratio Rank

TRRCX Sharpe Ratio Rank: 20.120
Below Average

TRRCX ranks above 20.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

TRRCX Sharpe Ratio Market Positioning

The chart shows TRRCX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.33
  • Green zone (top 25%): 2.33 or higher
  • Top 1%: 4.27+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Retirement 2030 Fund's Sharpe Ratio with other mutual funds in the Target Retirement Date category across multiple time periods, showing how TRRCX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PADLXPutnam Retirement Advantage Maturity Fund2.76
SSFNXState Street Target Retirement Fund2.54
IRSOXVoya Target Retirement 2040 Fund2.50
SSBRXState Street Target Retirement 2025 Fund2.50
DTDRXDimensional 2065 Target Date Retirement Income Fund2.49
IRSVXVoya Target Retirement 2055 Fund2.49
IRSPXVoya Target Retirement 2045 Fund2.48
VTIUXVoya Target Retirement 2065 Fund2.48
DRILXDimensional 2060 Target Date Retirement Income Fund2.48
VRSAXVoya Target Retirement 2060 Fund2.47
TRRCXT. Rowe Price Retirement 2030 Fund1.20

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TRRCX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TRRCX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TRRCX fit in your portfolio?

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