TRRDX vs. PREIX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Equity Index 500 Fund (PREIX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990.
Performance
TRRDX vs. PREIX - Performance Comparison
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TRRDX vs. PREIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | -0.90% | 12.53% | 13.15% | 19.60% | -18.77% | 16.52% | 18.10% | 24.71% | -7.41% | 22.03% |
PREIX T. Rowe Price Equity Index 500 Fund | -4.39% | 19.24% | 24.78% | 26.07% | -18.27% | 28.48% | 18.17% | 31.47% | -4.59% | 21.01% |
Returns By Period
In the year-to-date period, TRRDX achieves a -0.90% return, which is significantly higher than PREIX's -4.39% return. Over the past 10 years, TRRDX has underperformed PREIX with an annualized return of 9.67%, while PREIX has yielded a comparatively higher 13.98% annualized return.
TRRDX
- 1D
- 2.50%
- 1M
- -5.91%
- YTD
- -0.90%
- 6M
- -2.82%
- 1Y
- 10.75%
- 3Y*
- 12.47%
- 5Y*
- 5.97%
- 10Y*
- 9.67%
PREIX
- 1D
- 2.92%
- 1M
- -5.05%
- YTD
- -4.39%
- 6M
- -0.92%
- 1Y
- 18.69%
- 3Y*
- 18.61%
- 5Y*
- 11.89%
- 10Y*
- 13.98%
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TRRDX vs. PREIX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Return for Risk
TRRDX vs. PREIX — Risk / Return Rank
TRRDX
PREIX
TRRDX vs. PREIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Equity Index 500 Fund (PREIX). 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.
| TRRDX | PREIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.05 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.59 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.63 | -0.82 |
Martin ratioReturn relative to average drawdown | 3.55 | 7.85 | -4.30 |
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
| TRRDX | PREIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.05 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.70 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.78 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.59 | -0.03 |
Correlation
The correlation between TRRDX and PREIX 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.
Dividends
TRRDX vs. PREIX - Dividend Comparison
TRRDX has not paid dividends to shareholders, while PREIX's dividend yield for the trailing twelve months is around 3.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 0.00% | 0.00% | 2.26% | 5.60% | 8.92% | 7.92% | 4.96% | 6.10% | 9.51% | 3.96% | 3.36% | 4.61% |
PREIX T. Rowe Price Equity Index 500 Fund | 3.85% | 3.66% | 1.17% | 1.32% | 1.50% | 1.56% | 1.97% | 2.13% | 2.60% | 1.30% | 2.03% | 2.02% |
Drawdowns
TRRDX vs. PREIX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, roughly equal to the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for TRRDX and PREIX.
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Drawdown Indicators
| TRRDX | PREIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.50% | -55.32% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -12.12% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -24.60% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -31.46% | -33.81% | +2.35% |
Current DrawdownCurrent decline from peak | -6.60% | -6.27% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -8.76% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.52% | +0.22% |
Volatility
TRRDX vs. PREIX - Volatility Comparison
T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Equity Index 500 Fund (PREIX) have volatilities of 5.44% and 5.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRDX | PREIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 5.35% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 9.48% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 18.28% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 17.00% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 18.08% | -3.48% |