TRRDX vs. VOO
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and Vanguard S&P 500 ETF (VOO).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRDX or VOO.
Performance
TRRDX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, TRRDX achieves a 14.95% return, which is significantly lower than VOO's 25.48% return. Over the past 10 years, TRRDX has underperformed VOO with an annualized return of 8.89%, while VOO has yielded a comparatively higher 13.15% annualized return.
TRRDX
14.95%
-0.94%
5.34%
21.55%
9.82%
8.89%
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
Key characteristics
| TRRDX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.69 |
| Sortino Ratio | 3.01 | 3.59 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 2.12 | 3.89 |
| Martin Ratio | 14.09 | 17.64 |
| Ulcer Index | 1.58% | 1.86% |
| Daily Std Dev | 10.22% | 12.20% |
| Max Drawdown | -53.50% | -33.99% |
| Current Drawdown | -1.70% | -1.40% |
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TRRDX vs. VOO - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between TRRDX and VOO is 0.95, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.31%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TRRDX vs. VOO - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TRRDX and VOO. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2040 Fund (TRRDX) is 2.77%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that TRRDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.