Correlation
The correlation between TRPDX and SPY is 0.87, 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.
TRPDX vs. SPY
Compare and contrast key facts about T. Rowe Price Retirement I 2040 Fund (TRPDX) and SPDR S&P 500 ETF (SPY).
TRPDX is managed by T. Rowe Price. It was launched on Sep 28, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRPDX or SPY.
Performance
TRPDX vs. SPY - Performance Comparison
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Key characteristics
Returns By Period
TRPDX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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TRPDX vs. SPY - Expense Ratio Comparison
TRPDX has a 0.44% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRPDX vs. SPY — Risk-Adjusted Performance Rank
TRPDX
SPY
TRPDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement I 2040 Fund (TRPDX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
TRPDX vs. SPY - Dividend Comparison
TRPDX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRPDX T. Rowe Price Retirement I 2040 Fund | 0.00% | 0.96% | 3.16% | 6.39% | 2.83% | 3.18% | 4.49% | 4.98% | 3.09% | 1.52% | 1.14% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRPDX vs. SPY - Drawdown Comparison
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Volatility
TRPDX vs. SPY - Volatility Comparison
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