TRRDX vs. TRRJX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and T. Rowe Price Retirement 2035 Fund (TRRJX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. TRRJX is managed by T. Rowe Price. It was launched on Feb 27, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRDX or TRRJX.
Performance
TRRDX vs. TRRJX - Performance Comparison
Returns By Period
In the year-to-date period, TRRDX achieves a 15.71% return, which is significantly higher than TRRJX's 14.23% return. Over the past 10 years, TRRDX has outperformed TRRJX with an annualized return of 8.91%, while TRRJX has yielded a comparatively lower 8.25% annualized return.
TRRDX
15.71%
0.47%
7.28%
22.22%
9.91%
8.91%
TRRJX
14.23%
0.36%
6.85%
20.55%
9.10%
8.25%
Key characteristics
| TRRDX | TRRJX | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.26 |
| Sortino Ratio | 3.05 | 3.16 |
| Omega Ratio | 1.40 | 1.41 |
| Calmar Ratio | 2.21 | 2.08 |
| Martin Ratio | 14.28 | 14.53 |
| Ulcer Index | 1.58% | 1.44% |
| Daily Std Dev | 10.22% | 9.24% |
| Max Drawdown | -53.50% | -53.57% |
| Current Drawdown | -1.05% | -0.99% |
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TRRDX vs. TRRJX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than TRRJX's 0.59% expense ratio.
Correlation
The correlation between TRRDX and TRRJX 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. TRRJX - 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 2035 Fund (TRRJX). 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. TRRJX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.30%, less than TRRJX's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.30% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
TRRJX T. Rowe Price Retirement 2035 Fund | 1.46% | 1.67% | 1.55% | 0.87% | 0.94% | 1.79% | 1.78% | 1.48% | 1.47% | 1.52% | 1.44% | 1.04% |
Drawdowns
TRRDX vs. TRRJX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, roughly equal to the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for TRRDX and TRRJX. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. TRRJX - Volatility Comparison
T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 2.71% compared to T. Rowe Price Retirement 2035 Fund (TRRJX) at 2.42%. This indicates that TRRDX's price experiences larger fluctuations and is considered to be riskier than TRRJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.