PAFFX vs. VTTSX
Compare and contrast key facts about T. Rowe Price Target 2045 Fund (PAFFX) and Vanguard Target Retirement 2060 Fund (VTTSX).
PAFFX is managed by T. Rowe Price. It was launched on Aug 19, 2013. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAFFX or VTTSX.
Correlation
The correlation between PAFFX and VTTSX is 0.97, 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. VTTSX - Performance Comparison
Key characteristics
PAFFX:
1.53
VTTSX:
1.75
PAFFX:
2.13
VTTSX:
2.40
PAFFX:
1.28
VTTSX:
1.32
PAFFX:
1.27
VTTSX:
2.65
PAFFX:
7.56
VTTSX:
10.01
PAFFX:
2.05%
VTTSX:
1.88%
PAFFX:
10.05%
VTTSX:
10.74%
PAFFX:
-29.85%
VTTSX:
-31.38%
PAFFX:
-0.74%
VTTSX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with PAFFX having a 4.57% return and VTTSX slightly higher at 4.62%. Over the past 10 years, PAFFX has underperformed VTTSX with an annualized return of 5.45%, while VTTSX has yielded a comparatively higher 8.47% annualized return.
PAFFX
4.57%
3.54%
5.02%
13.51%
5.69%
5.45%
VTTSX
4.62%
3.87%
7.21%
16.77%
8.59%
8.47%
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PAFFX vs. VTTSX - Expense Ratio Comparison
PAFFX has a 0.87% expense ratio, which is higher than VTTSX's 0.08% expense ratio.
Risk-Adjusted Performance
PAFFX vs. VTTSX — Risk-Adjusted Performance Rank
PAFFX
VTTSX
PAFFX vs. VTTSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2045 Fund (PAFFX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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. VTTSX - Dividend Comparison
PAFFX's dividend yield for the trailing twelve months is around 1.39%, less than VTTSX's 2.04% 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% |
VTTSX Vanguard Target Retirement 2060 Fund | 2.04% | 2.14% | 2.14% | 2.09% | 1.95% | 1.57% | 2.11% | 2.30% | 1.77% | 1.98% | 1.85% | 1.65% |
Drawdowns
PAFFX vs. VTTSX - Drawdown Comparison
The maximum PAFFX drawdown since its inception was -29.85%, roughly equal to the maximum VTTSX drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for PAFFX and VTTSX. For additional features, visit the drawdowns tool.
Volatility
PAFFX vs. VTTSX - Volatility Comparison
The current volatility for T. Rowe Price Target 2045 Fund (PAFFX) is 2.49%, while Vanguard Target Retirement 2060 Fund (VTTSX) has a volatility of 2.74%. This indicates that PAFFX experiences smaller price fluctuations and is considered to be less risky than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.