PANRX vs. TRRFX
Compare and contrast key facts about T. Rowe Price Target 2005 Fund (PANRX) and T. Rowe Price Retirement 2005 Fund (TRRFX).
PANRX is managed by T. Rowe Price. It was launched on Aug 19, 2013. TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PANRX or TRRFX.
Key characteristics
| PANRX | TRRFX | |
|---|---|---|
| YTD Return | 8.33% | 9.47% |
| 1Y Return | 14.37% | 16.07% |
| 3Y Return (Ann) | 1.74% | 2.48% |
| 5Y Return (Ann) | 4.92% | 5.70% |
| 10Y Return (Ann) | 4.61% | 5.23% |
| Sharpe Ratio | 2.69 | 2.58 |
| Daily Std Dev | 5.26% | 6.08% |
| Max Drawdown | -17.71% | -33.29% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PANRX and TRRFX 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
PANRX vs. TRRFX - Performance Comparison
In the year-to-date period, PANRX achieves a 8.33% return, which is significantly lower than TRRFX's 9.47% return. Over the past 10 years, PANRX has underperformed TRRFX with an annualized return of 4.61%, while TRRFX has yielded a comparatively higher 5.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PANRX vs. TRRFX - Expense Ratio Comparison
PANRX has a 0.70% expense ratio, which is higher than TRRFX's 0.49% expense ratio.
Risk-Adjusted Performance
PANRX vs. TRRFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2005 Fund (PANRX) and T. Rowe Price Retirement 2005 Fund (TRRFX). 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
PANRX vs. TRRFX - Dividend Comparison
PANRX's dividend yield for the trailing twelve months is around 2.54%, less than TRRFX's 3.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANRX T. Rowe Price Target 2005 Fund | 2.54% | 2.75% | 8.26% | 6.01% | 4.07% | 3.14% | 3.94% | 2.75% | 1.96% | 2.62% | 1.78% | 0.62% |
TRRFX T. Rowe Price Retirement 2005 Fund | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 3.15% | 3.78% | 4.08% | 3.10% |
Drawdowns
PANRX vs. TRRFX - Drawdown Comparison
The maximum PANRX drawdown since its inception was -17.71%, smaller than the maximum TRRFX drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for PANRX and TRRFX. For additional features, visit the drawdowns tool.
Volatility
PANRX vs. TRRFX - Volatility Comparison
The current volatility for T. Rowe Price Target 2005 Fund (PANRX) is 1.42%, while T. Rowe Price Retirement 2005 Fund (TRRFX) has a volatility of 1.71%. This indicates that PANRX experiences smaller price fluctuations and is considered to be less risky than TRRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.