TRRDX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRDX or PRWCX.
Performance
TRRDX vs. PRWCX - Performance Comparison
Returns By Period
In the year-to-date period, TRRDX achieves a 16.14% return, which is significantly higher than PRWCX's 14.01% return. Over the past 10 years, TRRDX has underperformed PRWCX with an annualized return of 8.95%, while PRWCX has yielded a comparatively higher 10.66% annualized return.
TRRDX
16.14%
1.55%
7.07%
22.68%
9.98%
8.95%
PRWCX
14.01%
1.28%
7.78%
19.33%
11.37%
10.66%
Key characteristics
| TRRDX | PRWCX | |
|---|---|---|
| Sharpe Ratio | 2.22 | 2.56 |
| Sortino Ratio | 3.06 | 3.54 |
| Omega Ratio | 1.40 | 1.48 |
| Calmar Ratio | 2.23 | 5.80 |
| Martin Ratio | 14.31 | 20.32 |
| Ulcer Index | 1.59% | 0.95% |
| Daily Std Dev | 10.22% | 7.54% |
| Max Drawdown | -53.50% | -41.77% |
| Current Drawdown | -0.68% | -0.72% |
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TRRDX vs. PRWCX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Correlation
The correlation between TRRDX and PRWCX 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.
Risk-Adjusted Performance
TRRDX vs. PRWCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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
TRRDX vs. PRWCX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.29%, less than PRWCX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.29% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
PRWCX T. Rowe Price Capital Appreciation Fund | 1.85% | 2.11% | 1.57% | 0.95% | 1.17% | 1.54% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% | 1.13% |
Drawdowns
TRRDX vs. PRWCX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TRRDX and PRWCX. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. PRWCX - Volatility Comparison
T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 2.73% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.60%. This indicates that TRRDX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.