PAFFX vs. TRLGX
Compare and contrast key facts about T. Rowe Price Target 2045 Fund (PAFFX) and T. Rowe Price Large-Cap Growth Fund (TRLGX).
PAFFX is managed by T. Rowe Price. It was launched on Aug 19, 2013. TRLGX is managed by T. Rowe Price. It was launched on Oct 31, 2001.
Performance
PAFFX vs. TRLGX - Performance Comparison
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PAFFX vs. TRLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAFFX T. Rowe Price Target 2045 Fund | -0.90% | 16.73% | 12.51% | 18.79% | -18.88% | 15.08% | 17.03% | 175.40% | -7.08% | 18.81% |
TRLGX T. Rowe Price Large-Cap Growth Fund | -11.46% | 17.51% | 37.57% | 46.22% | -35.26% | 23.24% | 39.57% | 28.51% | 4.35% | 37.77% |
Returns By Period
In the year-to-date period, PAFFX achieves a -0.90% return, which is significantly higher than TRLGX's -11.46% return. Over the past 10 years, PAFFX has outperformed TRLGX with an annualized return of 18.40%, while TRLGX has yielded a comparatively lower 16.72% annualized return.
PAFFX
- 1D
- 2.40%
- 1M
- -5.76%
- YTD
- -0.90%
- 6M
- 1.38%
- 1Y
- 15.01%
- 3Y*
- 13.43%
- 5Y*
- 6.31%
- 10Y*
- 18.40%
TRLGX
- 1D
- 3.95%
- 1M
- -5.81%
- YTD
- -11.46%
- 6M
- -10.30%
- 1Y
- 12.15%
- 3Y*
- 22.38%
- 5Y*
- 9.59%
- 10Y*
- 16.72%
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PAFFX vs. TRLGX - Expense Ratio Comparison
PAFFX has a 0.87% expense ratio, which is higher than TRLGX's 0.55% expense ratio.
Return for Risk
PAFFX vs. TRLGX — Risk / Return Rank
PAFFX
TRLGX
PAFFX vs. TRLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2045 Fund (PAFFX) and T. Rowe Price Large-Cap Growth Fund (TRLGX). 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.
| PAFFX | TRLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.59 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.02 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.55 | +0.63 |
Martin ratioReturn relative to average drawdown | 5.38 | 1.83 | +3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAFFX | TRLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.59 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.43 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.77 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.55 | +0.26 |
Correlation
The correlation between PAFFX and TRLGX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAFFX vs. TRLGX - Dividend Comparison
PAFFX's dividend yield for the trailing twelve months is around 5.04%, less than TRLGX's 15.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFFX T. Rowe Price Target 2045 Fund | 5.04% | 4.99% | 2.47% | 2.74% | 5.58% | 3.38% | 2.80% | 70.21% | 5.12% | 2.00% | 2.37% | 2.41% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 15.46% | 13.69% | 9.80% | 2.04% | 3.88% | 2.56% | 0.42% | 4.09% | 7.93% | 9.27% | 1.64% | 4.71% |
Drawdowns
PAFFX vs. TRLGX - Drawdown Comparison
The maximum PAFFX drawdown since its inception was -29.85%, smaller than the maximum TRLGX drawdown of -55.56%. Use the drawdown chart below to compare losses from any high point for PAFFX and TRLGX.
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Drawdown Indicators
| PAFFX | TRLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -55.56% | +25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -18.18% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.04% | -40.44% | +13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -29.85% | -40.44% | +10.59% |
Current DrawdownCurrent decline from peak | -6.46% | -14.94% | +8.48% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -8.71% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 5.43% | -2.90% |
Volatility
PAFFX vs. TRLGX - Volatility Comparison
The current volatility for T. Rowe Price Target 2045 Fund (PAFFX) is 5.25%, while T. Rowe Price Large-Cap Growth Fund (TRLGX) has a volatility of 7.19%. This indicates that PAFFX experiences smaller price fluctuations and is considered to be less risky than TRLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAFFX | TRLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 7.19% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 12.51% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 22.17% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 22.41% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 21.73% | -0.26% |