PRSIX vs. TRRCX
PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) and TRRCX (T. Rowe Price Retirement 2030 Fund) are both mutual funds - PRSIX is a Diversified Portfolio fund managed by T. Rowe Price, while TRRCX is a Target Retirement Date fund managed by T. Rowe Price. Over the past 10 years, PRSIX returned 6.84%/yr vs 8.81%/yr for TRRCX. With a 0.95 correlation, they move nearly in lockstep. PRSIX charges 0.36%/yr vs 0.59%/yr for TRRCX.
Performance
PRSIX vs. TRRCX - Performance Comparison
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Returns By Period
In the year-to-date period, PRSIX achieves a 5.01% return, which is significantly lower than TRRCX's 6.49% return. Over the past 10 years, PRSIX has underperformed TRRCX with an annualized return of 6.84%, while TRRCX has yielded a comparatively higher 8.81% annualized return.
PRSIX
- 1D
- 1.14%
- 1M
- 0.19%
- YTD
- 5.01%
- 6M
- 5.51%
- 1Y
- 12.50%
- 3Y*
- 10.58%
- 5Y*
- 4.58%
- 10Y*
- 6.84%
TRRCX
- 1D
- 1.51%
- 1M
- -0.00%
- YTD
- 6.49%
- 6M
- 1.20%
- 1Y
- 9.28%
- 3Y*
- 11.17%
- 5Y*
- 5.03%
- 10Y*
- 8.81%
PRSIX vs. TRRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 5.01% | 11.91% | 8.53% | 11.97% | -13.65% | 7.07% | 11.70% | 16.78% | -3.01% | 12.28% |
TRRCX T. Rowe Price Retirement 2030 Fund | 6.49% | 8.23% | 10.73% | 16.36% | -16.89% | 13.70% | 15.90% | 22.50% | -6.36% | 19.46% |
Correlation
The correlation between PRSIX and TRRCX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002 | 0.95 |
The correlation between PRSIX and TRRCX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
PRSIX vs. TRRCX — Risk / Return Rank
PRSIX
TRRCX
PRSIX vs. TRRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and T. Rowe Price Retirement 2030 Fund (TRRCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRSIX | TRRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.25 | +1.31 |
| Martin ratioReturn relative to average drawdown | 11.28 | 4.13 | +7.15 |
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Drawdowns
PRSIX vs. TRRCX - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -30.00%, smaller than the maximum TRRCX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for PRSIX and TRRCX.
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Drawdown Indicators
| PRSIX | TRRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -52.28% | +22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -7.93% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -10.46% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -24.07% | +5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -28.55% | +9.27% |
Current DrawdownCurrent decline from peak | -0.74% | -1.34% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -6.07% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.37% | -1.23% |
Volatility
PRSIX vs. TRRCX - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) is 2.52%, while T. Rowe Price Retirement 2030 Fund (TRRCX) has a volatility of 3.44%. This indicates that PRSIX experiences smaller price fluctuations and is considered to be less risky than TRRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRSIX | TRRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 3.44% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 8.65% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 9.93% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 11.40% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.42% | 12.26% | -4.84% |
PRSIX vs. TRRCX - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is lower than TRRCX's 0.59% expense ratio.
Dividends
PRSIX vs. TRRCX - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 6.89%, while TRRCX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 6.89% | 7.12% | 3.92% | 3.78% | 5.63% | 7.63% | 3.77% | 5.11% | 5.27% | 3.43% | 2.22% | 4.56% |
TRRCX T. Rowe Price Retirement 2030 Fund | 0.00% | 0.00% | 3.38% | 6.16% | 12.05% | 9.43% | 5.45% | 5.44% | 8.83% | 3.82% | 2.66% | 3.76% |
Frequently Asked Questions
With a correlation of 0.95, PRSIX and TRRCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRRCX has higher volatility (3.44%) compared to PRSIX (2.52%). In terms of maximum drawdown, PRSIX dropped -30.00% vs TRRCX's -52.28%.
PRSIX currently has the higher Sharpe Ratio (2.09 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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