TRIKX vs. PRNHX
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund Class I (TRIKX) and T. Rowe Price New Horizons Fund (PRNHX).
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. PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960.
Performance
TRIKX vs. PRNHX - Performance Comparison
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TRIKX vs. PRNHX - 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% |
PRNHX T. Rowe Price New Horizons Fund | -1.22% | 3.27% | 8.80% | 13.48% |
Returns By Period
In the year-to-date period, TRIKX achieves a -0.91% return, which is significantly higher than PRNHX's -1.22% return.
TRIKX
- 1D
- 2.73%
- 1M
- -6.29%
- YTD
- -0.91%
- 6M
- 1.62%
- 1Y
- 17.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRNHX
- 1D
- 4.35%
- 1M
- -7.73%
- YTD
- -1.22%
- 6M
- 0.51%
- 1Y
- 15.10%
- 3Y*
- 7.79%
- 5Y*
- -1.42%
- 10Y*
- 13.41%
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TRIKX vs. PRNHX - Expense Ratio Comparison
TRIKX has a 0.43% expense ratio, which is lower than PRNHX's 0.75% expense ratio.
Return for Risk
TRIKX vs. PRNHX — Risk / Return Rank
TRIKX
PRNHX
TRIKX vs. PRNHX - 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 T. Rowe Price New Horizons Fund (PRNHX). 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 | PRNHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.61 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.04 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.99 | +0.53 |
Martin ratioReturn relative to average drawdown | 6.87 | 3.66 | +3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRIKX | PRNHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.61 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.47 | +0.76 |
Correlation
The correlation between TRIKX and PRNHX is 0.84, 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. PRNHX - Dividend Comparison
TRIKX's dividend yield for the trailing twelve months is around 3.99%, less than PRNHX's 12.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PRNHX T. Rowe Price New Horizons Fund | 12.00% | 11.85% | 9.82% | 0.00% | 4.72% | 17.09% | 13.67% | 23.46% | 13.94% | 8.27% | 5.77% | 7.72% |
Drawdowns
TRIKX vs. PRNHX - Drawdown Comparison
The maximum TRIKX drawdown since its inception was -15.16%, smaller than the maximum PRNHX drawdown of -70.96%. Use the drawdown chart below to compare losses from any high point for TRIKX and PRNHX.
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Drawdown Indicators
| TRIKX | PRNHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.16% | -70.96% | +55.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -13.70% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.37% | — |
Current DrawdownCurrent decline from peak | -7.05% | -23.90% | +16.85% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -18.39% | +16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.71% | -1.18% |
Volatility
TRIKX vs. PRNHX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2045 Fund Class I (TRIKX) is 5.87%, while T. Rowe Price New Horizons Fund (PRNHX) has a volatility of 9.16%. This indicates that TRIKX experiences smaller price fluctuations and is considered to be less risky than PRNHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRIKX | PRNHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 9.16% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 15.10% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 24.21% | -8.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 24.47% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 22.71% | -9.22% |