TBLLX vs. VFFVX

Last updated Aug 4, 2026

TBLLX (T. Rowe Price Retirement Blend 2050 Fund) and VFFVX (Vanguard Target Retirement 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, TBLLX returned 9.77%/yr vs 9.76%/yr for VFFVX. Their 0.97 correlation means they have historically moved very closely together. TBLLX charges 0.43%/yr vs 0.08%/yr for VFFVX.

Performance

TBLLX vs. VFFVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement Blend 2050 Fund (TBLLX) and Vanguard Target Retirement 2055 Fund (VFFVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TBLLX having a 11.26% return and VFFVX slightly higher at 11.56%.

TBLLX

• 1D: 0.21%
• 1M: 0.14%
• 6M: 7.02%
• YTD: 11.26%
• 1Y: 23.43%
• 3Y*: 17.01%
• 5Y*: 9.77%
• 10Y*: —
• ALL TIME*: 9.77%

VFFVX

• 1D: 1.10%
• 1M: 0.94%
• 6M: 8.11%
• YTD: 11.56%
• 1Y: 21.78%
• 3Y*: 18.13%
• 5Y*: 9.76%
• 10Y*: 11.53%
• ALL TIME*: 11.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TBLLX T. Rowe Price Retirement Blend 2050 Fund	$0.00	$0.00	$0.00
VFFVX Vanguard Target Retirement 2055 Fund	$0.00	$0.00	$0.00

TBLLX vs. VFFVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBLLX T. Rowe Price Retirement Blend 2050 Fund	11.26%	20.35%	15.04%	21.21%	-18.10%	4.24%
VFFVX Vanguard Target Retirement 2055 Fund	11.56%	21.44%	14.50%	20.39%	-17.48%	3.26%

Correlation

The correlation between TBLLX and VFFVX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.98

The correlation between TBLLX and VFFVX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

TBLLX vs. VFFVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TBLLX

TBLLX Risk / Return Rank: 69
TBLLX Sharpe Ratio Rank: 67
TBLLX Sortino Ratio Rank: 65
TBLLX Omega Ratio Rank: 66
TBLLX Calmar Ratio Rank: 67
TBLLX Martin Ratio Rank: 79

VFFVX

VFFVX Risk / Return Rank: 77
VFFVX Sharpe Ratio Rank: 77
VFFVX Sortino Ratio Rank: 73
VFFVX Omega Ratio Rank: 73
VFFVX Calmar Ratio Rank: 77
VFFVX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TBLLX vs. VFFVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2050 Fund (TBLLX) and Vanguard Target Retirement 2055 Fund (VFFVX). 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.

	TBLLX	VFFVX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.87	-0.18
Sortino ratio: Return per unit of downside risk	2.36	2.59	-0.22
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	2.35	2.63	-0.28
Martin ratio: Return relative to average drawdown	10.08	10.94	-0.86

TBLLX vs. VFFVX - Sharpe Ratio Comparison

The current TBLLX Sharpe Ratio is 1.69, which is comparable to the VFFVX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of TBLLX and VFFVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TBLLX vs. VFFVX - Drawdown Comparison

The maximum TBLLX drawdown since its inception was -26.50%, smaller than the maximum VFFVX drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for TBLLX and VFFVX.

Drawdown Indicators

	TBLLX	VFFVX	Difference
Max Drawdown Largest peak-to-trough decline	-26.50%	-31.40%	+4.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-8.93%	-0.50%
Max Drawdown (3Y) Largest decline over 3 years	-16.11%	-14.52%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-25.39%	-1.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-0.90%	-0.54%	-0.36%
Average Drawdown Average peak-to-trough decline	-6.40%	-4.12%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.14%	+0.06%

Volatility

TBLLX vs. VFFVX - Volatility Comparison

The current volatility for T. Rowe Price Retirement Blend 2050 Fund (TBLLX) is 3.56%, while Vanguard Target Retirement 2055 Fund (VFFVX) has a volatility of 3.85%. This indicates that TBLLX experiences smaller price fluctuations and is considered to be less risky than VFFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBLLX	VFFVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	3.85%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	10.52%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	12.60%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	14.37%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	15.09%	+0.44%

TBLLX vs. VFFVX - Expense Ratio Comparison

TBLLX has a 0.43% expense ratio, which is higher than VFFVX's 0.08% expense ratio.

Dividends

TBLLX vs. VFFVX - Dividend Comparison

TBLLX's dividend yield for the trailing twelve months is around 2.22%, more than VFFVX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBLLX T. Rowe Price Retirement Blend 2050 Fund	2.22%	2.47%	1.92%	1.72%	1.96%	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VFFVX Vanguard Target Retirement 2055 Fund	1.86%	2.08%	2.31%	2.18%	2.19%	10.03%	1.82%	2.15%	2.35%	1.83%	1.99%	1.98%

Frequently Asked Questions

Can I hold both TBLLX and VFFVX in my portfolio?

With a correlation of 0.99, TBLLX and VFFVX 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.

Which is riskier, TBLLX or VFFVX?

VFFVX has higher volatility (3.85%) compared to TBLLX (3.56%). In terms of maximum drawdown, TBLLX dropped -26.50% vs VFFVX's -31.40%.

Which has better risk-adjusted returns?

VFFVX currently has the higher Sharpe Ratio (1.87 vs 1.69), 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.