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TRRDX vs. TRRCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRRDX vs. TRRCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Retirement 2030 Fund (TRRCX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.00%
5.38%
TRRDX
TRRCX

Returns By Period

In the year-to-date period, TRRDX achieves a 15.09% return, which is significantly higher than TRRCX's 12.16% return. Over the past 10 years, TRRDX has outperformed TRRCX with an annualized return of 8.90%, while TRRCX has yielded a comparatively lower 7.81% annualized return.


TRRDX

YTD

15.09%

1M

-0.28%

6M

6.00%

1Y

21.97%

5Y (annualized)

9.80%

10Y (annualized)

8.90%

TRRCX

YTD

12.16%

1M

-0.26%

6M

5.38%

1Y

18.38%

5Y (annualized)

8.12%

10Y (annualized)

7.81%

Key characteristics


TRRDXTRRCX
Sharpe Ratio2.132.29
Sortino Ratio2.943.22
Omega Ratio1.381.42
Calmar Ratio2.061.84
Martin Ratio13.7114.75
Ulcer Index1.58%1.24%
Daily Std Dev10.21%7.97%
Max Drawdown-53.50%-52.28%
Current Drawdown-1.58%-1.25%

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TRRDX vs. TRRCX - Expense Ratio Comparison

TRRDX has a 0.61% expense ratio, which is higher than TRRCX's 0.59% expense ratio.


TRRDX
T. Rowe Price Retirement 2040 Fund
Expense ratio chart for TRRDX: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%
Expense ratio chart for TRRCX: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%

Correlation

-0.50.00.51.01.0

The correlation between TRRDX and TRRCX is 1.00, 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. TRRCX - 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 Retirement 2030 Fund (TRRCX). 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.


Sharpe ratio
The chart of Sharpe ratio for TRRDX, currently valued at 2.13, compared to the broader market-1.000.001.002.003.004.005.002.132.29
The chart of Sortino ratio for TRRDX, currently valued at 2.94, compared to the broader market0.005.0010.002.943.22
The chart of Omega ratio for TRRDX, currently valued at 1.38, compared to the broader market1.002.003.004.001.381.42
The chart of Calmar ratio for TRRDX, currently valued at 2.06, compared to the broader market0.005.0010.0015.0020.0025.002.061.84
The chart of Martin ratio for TRRDX, currently valued at 13.71, compared to the broader market0.0020.0040.0060.0080.00100.0013.7114.75
TRRDX
TRRCX

The current TRRDX Sharpe Ratio is 2.13, which is comparable to the TRRCX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of TRRDX and TRRCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.13
2.29
TRRDX
TRRCX

Dividends

TRRDX vs. TRRCX - Dividend Comparison

TRRDX's dividend yield for the trailing twelve months is around 1.31%, less than TRRCX's 1.75% yield.


TTM20232022202120202019201820172016201520142013
TRRDX
T. Rowe Price Retirement 2040 Fund
1.31%1.50%1.53%0.74%0.82%1.66%1.69%1.32%1.38%1.42%5.27%1.07%
TRRCX
T. Rowe Price Retirement 2030 Fund
1.75%1.96%1.98%1.09%1.09%1.89%1.97%1.54%1.60%1.70%5.65%1.28%

Drawdowns

TRRDX vs. TRRCX - Drawdown Comparison

The maximum TRRDX drawdown since its inception was -53.50%, roughly equal to the maximum TRRCX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for TRRDX and TRRCX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.58%
-1.25%
TRRDX
TRRCX

Volatility

TRRDX vs. TRRCX - Volatility Comparison

T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 2.76% compared to T. Rowe Price Retirement 2030 Fund (TRRCX) at 2.12%. This indicates that TRRDX's price experiences larger fluctuations and is considered to be riskier than TRRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.76%
2.12%
TRRDX
TRRCX