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T. Rowe Price Retirement 2035 Fund (TRRJX) Sharpe Ratio: 1.59

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds representing various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time about its target retirement date. The fund is managed based on the specific retirement year (target date 2035) included in its name and assumes a retirement age of 65.

TRRJX's Sharpe Ratio of 1.59 indicates that for each unit of volatility, it generates 1.59 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 3, 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.

TRRJX Sharpe Ratio Rank

TRRJX Sharpe Ratio Rank: 29.229
Below Average

TRRJX ranks above 29.2% 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

TRRJX Sharpe Ratio Market Positioning

The chart shows TRRJX'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%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Retirement 2035 Fund's Sharpe Ratio with other mutual funds in the Target Retirement Date category across multiple time periods, showing how TRRJX'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 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PADLXPutnam Retirement Advantage Maturity Fund3.10
SSFNXState Street Target Retirement Fund3.00
SSBRXState Street Target Retirement 2025 Fund2.92
PDAHXPrudential Day One Income Fund2.92
DTDRXDimensional 2065 Target Date Retirement Income Fund2.88
DRILXDimensional 2060 Target Date Retirement Income Fund2.88
DRIKXDimensional 2055 Target Date Retirement Income Fund2.83
TDIFXDimensional Retirement Income Fund2.82
IRSOXVoya Target Retirement 2040 Fund2.77
DRIJXDimensional 2050 Target Date Retirement Income Fund2.76
TRRJXT. Rowe Price Retirement 2035 Fund1.59

S&P 500 Index

How to choose period

Historical Sharpe Ratio

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

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Sharpe Ratio Calculator

How does TRRJX fit in your portfolio?

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