TRRBX vs. SPY
Compare and contrast key facts about T. Rowe Price Retirement 2020 Fund (TRRBX) and SPDR S&P 500 ETF (SPY).
TRRBX is managed by T. Rowe Price. It was launched on Sep 29, 2002. 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: TRRBX or SPY.
Correlation
The correlation between TRRBX and SPY is 0.94, 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
TRRBX vs. SPY - Performance Comparison
Key characteristics
TRRBX:
0.63
SPY:
0.51
TRRBX:
0.92
SPY:
0.86
TRRBX:
1.13
SPY:
1.13
TRRBX:
0.23
SPY:
0.55
TRRBX:
2.33
SPY:
2.26
TRRBX:
2.36%
SPY:
4.55%
TRRBX:
8.80%
SPY:
20.08%
TRRBX:
-49.98%
SPY:
-55.19%
TRRBX:
-19.45%
SPY:
-9.89%
Returns By Period
In the year-to-date period, TRRBX achieves a 0.59% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, TRRBX has underperformed SPY with an annualized return of 0.63%, while SPY has yielded a comparatively higher 12.16% annualized return.
TRRBX
0.59%
-0.43%
-1.57%
5.39%
0.52%
0.63%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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TRRBX vs. SPY - Expense Ratio Comparison
TRRBX has a 0.53% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRRBX vs. SPY — Risk-Adjusted Performance Rank
TRRBX
SPY
TRRBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2020 Fund (TRRBX) 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.
Dividends
TRRBX vs. SPY - Dividend Comparison
TRRBX's dividend yield for the trailing twelve months is around 2.65%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRBX T. Rowe Price Retirement 2020 Fund | 2.65% | 2.67% | 2.53% | 2.80% | 1.71% | 1.49% | 2.17% | 2.30% | 1.82% | 1.86% | 1.88% | 5.75% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRRBX vs. SPY - Drawdown Comparison
The maximum TRRBX drawdown since its inception was -49.98%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRRBX and SPY. For additional features, visit the drawdowns tool.
Volatility
TRRBX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2020 Fund (TRRBX) is 6.04%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that TRRBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.