TRIKX vs. PDAHX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund Class I (TRIKX) and Prudential Day One Income Fund (PDAHX).

TRIKX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2045. It was launched on Nov 13, 2023. PDAHX is managed by PGIM. It was launched on Dec 12, 2016.

Performance

TRIKX vs. PDAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2045 Fund Class I (TRIKX) and Prudential Day One Income Fund (PDAHX). The values are adjusted to include any dividend payments, if applicable.

TRIKX vs. PDAHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRIKX T. Rowe Price Retirement 2045 Fund Class I	-0.91%	18.71%	14.23%	7.04%
PDAHX Prudential Day One Income Fund	1.03%	10.37%	8.27%	4.52%

Returns By Period

In the year-to-date period, TRIKX achieves a -0.91% return, which is significantly lower than PDAHX's 1.03% return.

TRIKX

• 1D: 2.73%
• 1M: -6.29%
• YTD: -0.91%
• 6M: 1.62%
• 1Y: 17.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PDAHX

• 1D: 0.95%
• 1M: -2.04%
• YTD: 1.03%
• 6M: 2.12%
• 1Y: 9.03%
• 3Y*: 8.37%
• 5Y*: 4.54%
• 10Y*: —

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

TRIKX vs. PDAHX - Expense Ratio Comparison

TRIKX has a 0.43% expense ratio, which is higher than PDAHX's 0.16% expense ratio.

TRIKX

T. Rowe Price Retirement 2045 Fund Class I

PDAHX

Prudential Day One Income Fund

Return for Risk

TRIKX vs. PDAHX — Risk / Return Rank

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

TRIKX

TRIKX Risk / Return Rank: 53
TRIKX Sharpe Ratio Rank: 51
TRIKX Sortino Ratio Rank: 51
TRIKX Omega Ratio Rank: 53
TRIKX Calmar Ratio Rank: 49
TRIKX Martin Ratio Rank: 59

PDAHX

PDAHX Risk / Return Rank: 81
PDAHX Sharpe Ratio Rank: 80
PDAHX Sortino Ratio Rank: 81
PDAHX Omega Ratio Rank: 81
PDAHX Calmar Ratio Rank: 78
PDAHX Martin Ratio Rank: 87

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.

TRIKX vs. PDAHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund Class I (TRIKX) and Prudential Day One Income Fund (PDAHX). 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.

	TRIKX	PDAHX	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.59	-0.48
Sortino ratio Return per unit of downside risk	1.61	2.23	-0.62
Omega ratio Gain probability vs. loss probability	1.24	1.34	-0.09
Calmar ratio Return relative to maximum drawdown	1.52	2.08	-0.56
Martin ratio Return relative to average drawdown	6.87	9.97	-3.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRIKX vs. PDAHX - Sharpe Ratio Comparison

The current TRIKX Sharpe Ratio is 1.11, which is lower than the PDAHX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of TRIKX and PDAHX, 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

	TRIKX	PDAHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.59	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.85	+0.38

Correlation

The correlation between TRIKX and PDAHX is 0.81, 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

TRIKX vs. PDAHX - Dividend Comparison

TRIKX's dividend yield for the trailing twelve months is around 3.99%, less than PDAHX's 4.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIKX T. Rowe Price Retirement 2045 Fund Class I	3.99%	3.95%	2.21%	4.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PDAHX Prudential Day One Income Fund	4.80%	4.92%	7.35%	3.54%	7.78%	7.72%	2.22%	4.25%	3.70%	1.88%

Drawdowns

TRIKX vs. PDAHX - Drawdown Comparison

The maximum TRIKX drawdown since its inception was -15.16%, roughly equal to the maximum PDAHX drawdown of -15.65%. Use the drawdown chart below to compare losses from any high point for TRIKX and PDAHX.

Drawdown Indicators

	TRIKX	PDAHX	Difference
Max Drawdown Largest peak-to-trough decline	-15.16%	-15.65%	+0.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-4.60%	-6.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.65%	—
Current Drawdown Current decline from peak	-7.05%	-2.31%	-4.74%
Average Drawdown Average peak-to-trough decline	-1.55%	-2.71%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.96%	+1.57%

Volatility

TRIKX vs. PDAHX - Volatility Comparison

T. Rowe Price Retirement 2045 Fund Class I (TRIKX) has a higher volatility of 5.87% compared to Prudential Day One Income Fund (PDAHX) at 2.16%. This indicates that TRIKX's price experiences larger fluctuations and is considered to be riskier than PDAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIKX	PDAHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	2.16%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	3.27%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	5.84%	+9.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	6.54%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.49%	6.41%	+7.08%