TROIX vs. TRRJX

Last updated Jun 5, 2026

TROIX (T. Rowe Price Overseas Stock Fund Class I) and TRRJX (T. Rowe Price Retirement 2035 Fund) are both mutual funds - TROIX is a Foreign Large Cap Equities fund actively managed by T. Rowe Price, while TRRJX is a Target Retirement Date fund managed by T. Rowe Price. Over the past 10 years, TROIX returned 9.39%/yr vs 9.76%/yr for TRRJX. Their correlation of 0.87 suggests significant overlap in exposure. TROIX charges 0.67%/yr vs 0.59%/yr for TRRJX.

Performance

TROIX vs. TRRJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Overseas Stock Fund Class I (TROIX) and T. Rowe Price Retirement 2035 Fund (TRRJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TROIX having a 8.90% return and TRRJX slightly lower at 8.73%. Both investments have delivered pretty close results over the past 10 years, with TROIX having a 9.39% annualized return and TRRJX not far ahead at 9.76%.

TROIX

• 1D: -0.79%
• 1M: 2.68%
• YTD: 8.90%
• 6M: 11.54%
• 1Y: 24.32%
• 3Y*: 16.42%
• 5Y*: 7.67%
• 10Y*: 9.39%

TRRJX

• 1D: -0.55%
• 1M: 2.46%
• YTD: 8.73%
• 6M: 4.27%
• 1Y: 15.02%
• 3Y*: 13.86%
• 5Y*: 6.42%
• 10Y*: 9.76%

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

TROIX vs. TRRJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TROIX T. Rowe Price Overseas Stock Fund Class I	8.90%	31.93%	2.96%	16.60%	-15.38%	12.43%	9.33%	23.04%	-14.85%	27.25%
TRRJX T. Rowe Price Retirement 2035 Fund	8.73%	10.96%	11.99%	18.14%	-17.96%	15.21%	17.04%	23.72%	-6.95%	20.89%

Correlation

The correlation between TROIX and TRRJX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015	0.87

The correlation between TROIX and TRRJX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

TROIX vs. TRRJX — Risk / Return Rank

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

TROIX

TROIX Risk / Return Rank: 33
TROIX Sharpe Ratio Rank: 34
TROIX Sortino Ratio Rank: 34
TROIX Omega Ratio Rank: 34
TROIX Calmar Ratio Rank: 31
TROIX Martin Ratio Rank: 34

TRRJX

TRRJX Risk / Return Rank: 29
TRRJX Sharpe Ratio Rank: 27
TRRJX Sortino Ratio Rank: 24
TRRJX Omega Ratio Rank: 31
TRRJX Calmar Ratio Rank: 28
TRRJX Martin Ratio Rank: 34

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.

TROIX vs. TRRJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Overseas Stock Fund Class I (TROIX) 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.

	TROIX	TRRJX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.51	+0.13
Sortino ratio: Return per unit of downside risk	2.33	2.08	+0.25
Omega ratio: Gain probability vs. loss probability	1.30	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.02	1.95	+0.06
Martin ratio: Return relative to average drawdown	7.49	7.54	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TROIX vs. TRRJX - Sharpe Ratio Comparison

The current TROIX Sharpe Ratio is 1.63, which is comparable to the TRRJX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of TROIX and TRRJX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TROIX	TRRJX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.51	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.50	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.72	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.50	+0.01

Drawdowns

TROIX vs. TRRJX - Drawdown Comparison

The maximum TROIX drawdown since its inception was -36.11%, smaller than the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for TROIX and TRRJX.

Drawdown Indicators

	TROIX	TRRJX	Difference
Max Drawdown Largest peak-to-trough decline	-36.11%	-53.57%	+17.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-8.06%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-14.09%	-12.52%	-1.57%
Max Drawdown (5Y) Largest decline over 5 years	-29.37%	-25.85%	-3.52%
Max Drawdown (10Y) Largest decline over 10 years	-36.11%	-30.14%	-5.97%
Current Drawdown Current decline from peak	-0.96%	-0.55%	-0.41%
Average Drawdown Average peak-to-trough decline	-6.70%	-6.65%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	2.06%	+1.27%

Volatility

TROIX vs. TRRJX - Volatility Comparison

T. Rowe Price Overseas Stock Fund Class I (TROIX) has a higher volatility of 4.73% compared to T. Rowe Price Retirement 2035 Fund (TRRJX) at 2.98%. This indicates that TROIX's price experiences larger fluctuations and is considered to be riskier than TRRJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TROIX	TRRJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	2.98%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	12.83%	8.83%	+4.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	10.46%	+4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	12.84%	+3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	13.54%	+3.40%

TROIX vs. TRRJX - Expense Ratio Comparison

TROIX has a 0.67% expense ratio, which is higher than TRRJX's 0.59% expense ratio.

Dividends

TROIX vs. TRRJX - Dividend Comparison

TROIX's dividend yield for the trailing twelve months is around 1.97%, while TRRJX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TROIX T. Rowe Price Overseas Stock Fund Class I	1.97%	2.15%	2.60%	2.32%	2.54%	1.88%	1.66%	2.14%	3.44%	1.95%	2.54%	2.11%
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

Can I hold both TROIX and TRRJX in my portfolio?

TROIX and TRRJX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TROIX or TRRJX?

TROIX has higher volatility (4.73%) compared to TRRJX (2.98%). In terms of maximum drawdown, TROIX dropped -36.11% vs TRRJX's -53.57%.

Which has better risk-adjusted returns?

TROIX currently has the higher Sharpe Ratio (1.63 vs 1.51), 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.