PRULX vs. TRRJX
PRULX (T. Rowe Price U.S. Treasury Long Term Index Fund) and TRRJX (T. Rowe Price Retirement 2035 Fund) are both mutual funds - PRULX is a Government Bonds fund managed by T. Rowe Price, while TRRJX is a Target Retirement Date fund actively managed by T. Rowe Price. Over the past 10 years, PRULX returned -1.14%/yr vs 9.49%/yr for TRRJX. Their -0.19 correlation means they have often moved in opposite directions in the past. PRULX charges 0.29%/yr vs 0.58%/yr for TRRJX.
Performance
PRULX vs. TRRJX - Performance Comparison
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Returns By Period
In the year-to-date period, PRULX achieves a -3.51% return, which is significantly lower than TRRJX's 9.62% return. Over the past 10 years, PRULX has underperformed TRRJX with an annualized return of -1.14%, while TRRJX has yielded a comparatively higher 9.49% annualized return.
PRULX
- 1D
- 0.30%
- 1M
- -3.42%
- 6M
- -2.88%
- YTD
- -3.51%
- 1Y
- -0.82%
- 3Y*
- 0.42%
- 5Y*
- -7.37%
- 10Y*
- -1.14%
- ALL TIME*
- 4.98%
TRRJX
- 1D
- 0.83%
- 1M
- 0.83%
- 6M
- 6.26%
- YTD
- 9.62%
- 1Y
- 12.36%
- 3Y*
- 12.92%
- 5Y*
- 6.28%
- 10Y*
- 9.49%
- ALL TIME*
- 8.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRULX vs. TRRJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRULX T. Rowe Price U.S. Treasury Long Term Index Fund | -3.51% | 6.69% | -5.71% | 2.90% | -30.45% | -5.22% | 18.34% | 22.58% | -1.86% | 8.23% |
TRRJX T. Rowe Price Retirement 2035 Fund | 9.62% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 20.89% |
Correlation
The correlation between PRULX and TRRJX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2004 | -0.19 |
The correlation between PRULX and TRRJX shifts across timeframes, from -0.19 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRULX vs. TRRJX — Risk / Return Rank
PRULX
TRRJX
PRULX vs. TRRJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Treasury Long Term Index Fund (PRULX) and T. Rowe Price Retirement 2035 Fund (TRRJX). 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.
| PRULX | TRRJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.75 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.22 | 6.59 | -6.81 |
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Drawdowns
PRULX vs. TRRJX - Drawdown Comparison
The maximum PRULX drawdown since its inception was -47.40%, smaller than the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for PRULX and TRRJX.
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Drawdown Indicators
| PRULX | TRRJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -53.57% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.06% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -12.52% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.35% | -25.85% | -16.50% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -30.14% | -17.26% |
Current DrawdownCurrent decline from peak | -38.86% | 0.00% | -38.86% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -6.60% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.11% | +1.09% |
Volatility
PRULX vs. TRRJX - Volatility Comparison
The current volatility for T. Rowe Price U.S. Treasury Long Term Index Fund (PRULX) is 2.27%, while T. Rowe Price Retirement 2035 Fund (TRRJX) has a volatility of 2.86%. This indicates that PRULX experiences smaller price fluctuations and is considered to be less risky than TRRJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRULX | TRRJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 2.86% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 8.85% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 11.22% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 12.93% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 13.48% | +0.44% |
PRULX vs. TRRJX - Expense Ratio Comparison
PRULX has a 0.29% expense ratio, which is lower than TRRJX's 0.58% expense ratio.
Dividends
PRULX vs. TRRJX - Dividend Comparison
PRULX's dividend yield for the trailing twelve months is around 5.18%, while TRRJX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRULX T. Rowe Price U.S. Treasury Long Term Index Fund | 5.18% | 5.21% | 4.88% | 3.84% | 2.07% | 1.72% | 20.34% | 16.60% | 2.62% | 2.48% | 4.65% | 5.09% |
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
Frequently Asked Questions
PRULX and TRRJX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRRJX has higher volatility (2.86%) compared to PRULX (2.27%). In terms of maximum drawdown, PRULX dropped -47.40% vs TRRJX's -53.57%.
TRRJX currently has the higher Sharpe Ratio (1.26 vs -0.08), 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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