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TRPKX vs. VIIIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TRPKXVIIIX

Correlation

-0.50.00.51.00.9

The correlation between TRPKX and VIIIX is 0.90, 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.

Performance

TRPKX vs. VIIIX - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember0
15.55%
TRPKX
VIIIX

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TRPKX vs. VIIIX - Expense Ratio Comparison

TRPKX has a 0.45% expense ratio, which is higher than VIIIX's 0.02% expense ratio.


TRPKX
T. Rowe Price Retirement I 2045 Fund
Expense ratio chart for TRPKX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for VIIIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

TRPKX vs. VIIIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement I 2045 Fund (TRPKX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.


TRPKX
Sharpe ratio
The chart of Sharpe ratio for TRPKX, currently valued at 2.31, compared to the broader market0.002.004.002.31
Sortino ratio
The chart of Sortino ratio for TRPKX, currently valued at 3.95, compared to the broader market0.005.0010.003.95
Omega ratio
The chart of Omega ratio for TRPKX, currently valued at 2.07, compared to the broader market1.002.003.004.002.07
Calmar ratio
The chart of Calmar ratio for TRPKX, currently valued at 0.94, compared to the broader market0.005.0010.0015.0020.0025.000.94
Martin ratio
The chart of Martin ratio for TRPKX, currently valued at 15.28, compared to the broader market0.0020.0040.0060.0080.00100.0015.28
VIIIX
Sharpe ratio
The chart of Sharpe ratio for VIIIX, currently valued at 2.95, compared to the broader market0.002.004.002.95
Sortino ratio
The chart of Sortino ratio for VIIIX, currently valued at 3.95, compared to the broader market0.005.0010.003.95
Omega ratio
The chart of Omega ratio for VIIIX, currently valued at 1.55, compared to the broader market1.002.003.004.001.55
Calmar ratio
The chart of Calmar ratio for VIIIX, currently valued at 3.46, compared to the broader market0.005.0010.0015.0020.0025.003.46
Martin ratio
The chart of Martin ratio for VIIIX, currently valued at 19.36, compared to the broader market0.0020.0040.0060.0080.00100.0019.36

TRPKX vs. VIIIX - Sharpe Ratio Comparison


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.31
2.95
TRPKX
VIIIX

Dividends

TRPKX vs. VIIIX - Dividend Comparison

TRPKX has not paid dividends to shareholders, while VIIIX's dividend yield for the trailing twelve months is around 1.25%.


TTM20232022202120202019201820172016201520142013
TRPKX
T. Rowe Price Retirement I 2045 Fund
4.33%3.27%6.25%3.81%2.81%5.06%4.66%2.92%1.52%1.14%0.00%0.00%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares
1.25%1.49%1.75%1.30%1.60%1.93%2.14%1.84%2.09%2.47%1.90%1.87%

Drawdowns

TRPKX vs. VIIIX - Drawdown Comparison


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.02%
0
TRPKX
VIIIX

Volatility

TRPKX vs. VIIIX - Volatility Comparison

The current volatility for T. Rowe Price Retirement I 2045 Fund (TRPKX) is 0.00%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.91%. This indicates that TRPKX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember0
3.91%
TRPKX
VIIIX