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 0.95, 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.
Performance
TRRDX vs. VOO - Performance Comparison
Key characteristics
TRRDX:
1.27
VOO:
2.25
TRRDX:
1.76
VOO:
2.98
TRRDX:
1.23
VOO:
1.42
TRRDX:
1.86
VOO:
3.31
TRRDX:
7.88
VOO:
14.77
TRRDX:
1.68%
VOO:
1.90%
TRRDX:
10.45%
VOO:
12.46%
TRRDX:
-53.50%
VOO:
-33.99%
TRRDX:
-5.95%
VOO:
-2.47%
Returns By Period
In the year-to-date period, TRRDX achieves a 11.07% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, TRRDX has underperformed VOO with an annualized return of 8.41%, while VOO has yielded a comparatively higher 13.08% annualized return.
TRRDX
11.07%
-4.00%
1.96%
11.72%
8.29%
8.41%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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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 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 has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 0.91%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 0.00% | 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 | 0.91% | 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 3.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.75%. 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.