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.
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.
Performance
PAFFX vs. VOO - Performance Comparison
Loading data...
Key characteristics
PAFFX:
0.59
VOO:
0.74
PAFFX:
0.80
VOO:
1.04
PAFFX:
1.11
VOO:
1.15
PAFFX:
0.52
VOO:
0.68
PAFFX:
2.14
VOO:
2.58
PAFFX:
3.40%
VOO:
4.93%
PAFFX:
14.51%
VOO:
19.54%
PAFFX:
-29.85%
VOO:
-33.99%
PAFFX:
-1.24%
VOO:
-3.55%
Returns By Period
In the year-to-date period, PAFFX achieves a 4.04% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, PAFFX has underperformed VOO with an annualized return of 5.12%, while VOO has yielded a comparatively higher 12.81% annualized return.
PAFFX
4.04%
3.92%
-0.69%
7.74%
6.84%
7.54%
5.12%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
Dividends
PAFFX vs. VOO - Dividend Comparison
PAFFX's dividend yield for the trailing twelve months is around 2.37%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFFX T. Rowe Price Target 2045 Fund | 2.37% | 2.47% | 2.74% | 5.58% | 3.38% | 2.80% | 4.27% | 5.12% | 3.13% | 3.69% | 3.68% | 1.92% |
VOO Vanguard S&P 500 ETF | 1.29% | 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.
Loading data...
Volatility
PAFFX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Target 2045 Fund (PAFFX) is 3.18%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. 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.
Loading data...