TBLYX vs. TRGOX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Retirement Blend 2035 Fund (TBLYX) and T. Rowe Price Large-Cap Growth Fund Investor Class (TRGOX).

TBLYX is an actively managed fund by T. Rowe Price. It was launched on Jul 26, 2021. TRGOX is managed by T. Rowe Price. It was launched on May 1, 2020.

Performance

TBLYX vs. TRGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement Blend 2035 Fund (TBLYX) and T. Rowe Price Large-Cap Growth Fund Investor Class (TRGOX). The values are adjusted to include any dividend payments, if applicable.

TBLYX vs. TRGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBLYX T. Rowe Price Retirement Blend 2035 Fund	-0.91%	17.30%	12.43%	18.44%	-17.17%	4.09%
TRGOX T. Rowe Price Large-Cap Growth Fund Investor Class	-11.49%	17.31%	37.39%	46.03%	-35.36%	1.87%

Returns By Period

In the year-to-date period, TBLYX achieves a -0.91% return, which is significantly higher than TRGOX's -11.49% return.

TBLYX

• 1D: 2.29%
• 1M: -5.12%
• YTD: -0.91%
• 6M: 1.35%
• 1Y: 15.58%
• 3Y*: 13.40%
• 5Y*: —
• 10Y*: —

TRGOX

• 1D: 3.95%
• 1M: -5.81%
• YTD: -11.49%
• 6M: -10.37%
• 1Y: 11.99%
• 3Y*: 22.22%
• 5Y*: 9.16%
• 10Y*: —

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

TBLYX vs. TRGOX - Expense Ratio Comparison

TBLYX has a 0.40% expense ratio, which is lower than TRGOX's 0.70% expense ratio.

TRGOX

T. Rowe Price Large-Cap Growth Fund Investor Class

TBLYX

T. Rowe Price Retirement Blend 2035 Fund

Return for Risk

TBLYX vs. TRGOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBLYX

TBLYX Risk / Return Rank: 61
TBLYX Sharpe Ratio Rank: 59
TBLYX Sortino Ratio Rank: 60
TBLYX Omega Ratio Rank: 61
TBLYX Calmar Ratio Rank: 59
TBLYX Martin Ratio Rank: 68

TRGOX

TRGOX Risk / Return Rank: 20
TRGOX Sharpe Ratio Rank: 20
TRGOX Sortino Ratio Rank: 24
TRGOX Omega Ratio Rank: 22
TRGOX Calmar Ratio Rank: 17
TRGOX Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TBLYX vs. TRGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2035 Fund (TBLYX) and T. Rowe Price Large-Cap Growth Fund Investor Class (TRGOX). 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.

	TBLYX	TRGOX	Difference
Sharpe ratio Return per unit of total volatility	1.21	0.58	+0.63
Sortino ratio Return per unit of downside risk	1.75	1.01	+0.74
Omega ratio Gain probability vs. loss probability	1.26	1.14	+0.13
Calmar ratio Return relative to maximum drawdown	1.65	0.53	+1.12
Martin ratio Return relative to average drawdown	7.60	1.79	+5.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBLYX vs. TRGOX - Sharpe Ratio Comparison

The current TBLYX Sharpe Ratio is 1.21, which is higher than the TRGOX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of TBLYX and TRGOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TBLYX	TRGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.58	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.70	-0.21

Correlation

The correlation between TBLYX and TRGOX is 0.83, 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

TBLYX vs. TRGOX - Dividend Comparison

TBLYX's dividend yield for the trailing twelve months is around 2.53%, less than TRGOX's 15.51% yield.

	TTM	2025	2024	2023	2022	2021	2020
TBLYX T. Rowe Price Retirement Blend 2035 Fund	2.53%	2.50%	2.05%	1.94%	2.18%	1.40%	0.00%
TRGOX T. Rowe Price Large-Cap Growth Fund Investor Class	15.51%	13.73%	9.85%	2.04%	3.89%	1.15%	0.36%

Drawdowns

TBLYX vs. TRGOX - Drawdown Comparison

The maximum TBLYX drawdown since its inception was -24.54%, smaller than the maximum TRGOX drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for TBLYX and TRGOX.

Drawdown Indicators

	TBLYX	TRGOX	Difference
Max Drawdown Largest peak-to-trough decline	-24.54%	-41.29%	+16.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-18.23%	+8.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.29%	—
Current Drawdown Current decline from peak	-5.72%	-15.00%	+9.28%
Average Drawdown Average peak-to-trough decline	-6.29%	-11.67%	+5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	5.46%	-3.35%

Volatility

TBLYX vs. TRGOX - Volatility Comparison

The current volatility for T. Rowe Price Retirement Blend 2035 Fund (TBLYX) is 4.94%, while T. Rowe Price Large-Cap Growth Fund Investor Class (TRGOX) has a volatility of 7.19%. This indicates that TBLYX experiences smaller price fluctuations and is considered to be less risky than TRGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBLYX	TRGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	7.19%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	12.50%	-4.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	22.15%	-8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	22.41%	-9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	22.31%	-9.17%