T. Rowe Price Retirement 2015 Fund (TRRGX) Sharpe Ratio: 0.60

TRRGX's Sharpe Ratio of 0.60 indicates that for each unit of volatility, it generates 0.60 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 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.

TRRGX Sharpe Ratio Rank

Concerning

TRRGX ranks above 15.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

TRRGX Sharpe Ratio Market Positioning

The chart shows TRRGX'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%): 0.93 or lower
Yellow zone (middle 50%): 0.93 to 1.80
Green zone (top 25%): 1.80 or higher
Top 1%: 3.73+
Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Retirement 2015 Fund's Sharpe Ratio with other mutual funds in the Target Retirement Date category across multiple time periods, showing how TRRGX'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 Aug 1, 2026.

Symbol	Name	1Y Sharpe Ratio
SSFNX	State Street Target Retirement Fund	2.09
PDAHX	Prudential Day One Income Fund	2.07
URINX	USAA Target Retirement Income Fund	2.05
PADLX	Putnam Retirement Advantage Maturity Fund	2.05
SSBRX	State Street Target Retirement 2025 Fund	1.97
URTRX	USAA Target Retirement 2030 Fund	1.96
URFRX	USAA Target Retirement 2040 Fund	1.94
PDEJX	Prudential Day One 2025 Fund	1.92
URFFX	USAA Target Retirement 2050 Fund	1.91
TDIFX	Dimensional Retirement Income Fund	1.91
TRRGX	T. Rowe Price Retirement 2015 Fund	0.60

Benchmark

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Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows TRRGX'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 TRRGX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TRRGX fit in your portfolio?

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