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.
Correlation
The correlation between TRRDX and VOO 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.
Performance
TRRDX vs. VOO - Performance Comparison
Key characteristics
TRRDX:
0.44
VOO:
0.56
TRRDX:
0.72
VOO:
0.92
TRRDX:
1.10
VOO:
1.13
TRRDX:
0.33
VOO:
0.58
TRRDX:
1.98
VOO:
2.25
TRRDX:
3.30%
VOO:
4.83%
TRRDX:
14.76%
VOO:
19.11%
TRRDX:
-56.43%
VOO:
-33.99%
TRRDX:
-10.27%
VOO:
-7.55%
Returns By Period
In the year-to-date period, TRRDX achieves a 1.28% return, which is significantly higher than VOO's -3.28% return. Over the past 10 years, TRRDX has underperformed VOO with an annualized return of 3.38%, while VOO has yielded a comparatively higher 12.40% annualized return.
TRRDX
1.28%
12.01%
-2.70%
6.49%
6.29%
3.38%
VOO
-3.28%
13.71%
-4.52%
10.70%
15.89%
12.40%
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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.
Risk-Adjusted Performance
TRRDX vs. VOO — Risk-Adjusted Performance Rank
TRRDX
VOO
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 1.52%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.52% | 1.54% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
TRRDX vs. VOO - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -56.43%, 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 7.86%, while Vanguard S&P 500 ETF (VOO) has a volatility of 11.03%. 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.