PARFX vs. VOO
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (PARFX) and Vanguard S&P 500 ETF (VOO).
PARFX is managed by T. Rowe Price. It was launched on Dec 28, 2006. 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.
Performance
PARFX vs. VOO - Performance Comparison
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PARFX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | -1.08% | 18.56% | 13.90% | 20.55% | -19.31% | 17.22% | 18.32% | 25.12% | -7.93% | 20.76% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PARFX achieves a -1.08% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, PARFX has underperformed VOO with an annualized return of 10.28%, while VOO has yielded a comparatively higher 14.14% annualized return.
PARFX
- 1D
- 2.78%
- 1M
- -6.48%
- YTD
- -1.08%
- 6M
- 1.41%
- 1Y
- 16.84%
- 3Y*
- 14.85%
- 5Y*
- 7.25%
- 10Y*
- 10.28%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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PARFX vs. VOO - Expense Ratio Comparison
PARFX has a 0.89% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PARFX vs. VOO — Risk / Return Rank
PARFX
VOO
PARFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (PARFX) 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.
| PARFX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.01 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.53 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.55 | -0.08 |
Martin ratioReturn relative to average drawdown | 6.63 | 7.31 | -0.68 |
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
| PARFX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.01 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.71 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.79 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.83 | -0.40 |
Correlation
The correlation between PARFX and VOO is 0.95, 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
PARFX vs. VOO - Dividend Comparison
PARFX's dividend yield for the trailing twelve months is around 3.86%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | 3.86% | 3.82% | 1.69% | 4.32% | 7.60% | 6.77% | 4.27% | 5.55% | 8.33% | 2.34% | 3.11% | 4.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PARFX vs. VOO - Drawdown Comparison
The maximum PARFX drawdown since its inception was -53.67%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PARFX and VOO.
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Drawdown Indicators
| PARFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.67% | -33.99% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -11.98% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -24.52% | -3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | -33.99% | +1.47% |
Current DrawdownCurrent decline from peak | -7.26% | -5.55% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -3.72% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.55% | +0.04% |
Volatility
PARFX vs. VOO - Volatility Comparison
T. Rowe Price Retirement 2050 Fund (PARFX) has a higher volatility of 5.98% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that PARFX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 5.34% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 9.47% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 18.11% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 16.82% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 17.99% | -2.62% |