PAFFX vs. VOO
Compare and contrast key facts about T. Rowe Price Target 2045 Fund (PAFFX) and Vanguard S&P 500 ETF (VOO).
PAFFX is managed by T. Rowe Price. It was launched on Aug 19, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAFFX or VOO.
Correlation
The correlation between PAFFX and VOO is 0.93, 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.
Performance
PAFFX vs. VOO - Performance Comparison
Key characteristics
PAFFX:
1.53
VOO:
1.98
PAFFX:
2.13
VOO:
2.65
PAFFX:
1.28
VOO:
1.36
PAFFX:
1.27
VOO:
2.98
PAFFX:
7.56
VOO:
12.44
PAFFX:
2.05%
VOO:
2.02%
PAFFX:
10.05%
VOO:
12.69%
PAFFX:
-29.85%
VOO:
-33.99%
PAFFX:
-0.74%
VOO:
0.00%
Returns By Period
In the year-to-date period, PAFFX achieves a 4.57% return, which is significantly higher than VOO's 4.06% return. Over the past 10 years, PAFFX has underperformed VOO with an annualized return of 5.45%, while VOO has yielded a comparatively higher 13.30% annualized return.
PAFFX
4.57%
3.54%
5.02%
13.51%
5.69%
5.45%
VOO
4.06%
2.87%
10.75%
23.12%
14.36%
13.30%
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PAFFX vs. VOO - Expense Ratio Comparison
PAFFX has a 0.87% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PAFFX vs. VOO — Risk-Adjusted Performance Rank
PAFFX
VOO
PAFFX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2045 Fund (PAFFX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
PAFFX vs. VOO - Dividend Comparison
PAFFX's dividend yield for the trailing twelve months is around 1.39%, more than VOO's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFFX T. Rowe Price Target 2045 Fund | 1.39% | 1.45% | 1.27% | 1.03% | 0.63% | 0.76% | 1.37% | 1.28% | 1.13% | 1.32% | 1.27% | 1.05% |
VOO Vanguard S&P 500 ETF | 1.20% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PAFFX vs. VOO - Drawdown Comparison
The maximum PAFFX drawdown since its inception was -29.85%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAFFX and VOO. For additional features, visit the drawdowns tool.
Volatility
PAFFX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Target 2045 Fund (PAFFX) is 2.49%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.13%. This indicates that PAFFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.