TRRFX vs. PANRX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and T. Rowe Price Target 2005 Fund (PANRX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. PANRX is managed by T. Rowe Price. It was launched on Aug 19, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRFX or PANRX.
Correlation
The correlation between TRRFX and PANRX is 0.97, 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
TRRFX vs. PANRX - Performance Comparison
Key characteristics
TRRFX:
1.52
PANRX:
1.65
TRRFX:
2.14
PANRX:
2.32
TRRFX:
1.28
PANRX:
1.30
TRRFX:
1.54
PANRX:
1.35
TRRFX:
9.56
PANRX:
10.04
TRRFX:
0.88%
PANRX:
0.78%
TRRFX:
5.52%
PANRX:
4.75%
TRRFX:
-33.29%
PANRX:
-17.71%
TRRFX:
-2.82%
PANRX:
-2.18%
Returns By Period
In the year-to-date period, TRRFX achieves a 7.73% return, which is significantly higher than PANRX's 6.96% return. Over the past 10 years, TRRFX has outperformed PANRX with an annualized return of 5.02%, while PANRX has yielded a comparatively lower 4.46% annualized return.
TRRFX
7.73%
-1.04%
2.73%
8.85%
4.69%
5.02%
PANRX
6.96%
-0.60%
2.91%
7.46%
4.03%
4.46%
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TRRFX vs. PANRX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is lower than PANRX's 0.70% expense ratio.
Risk-Adjusted Performance
TRRFX vs. PANRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) and T. Rowe Price Target 2005 Fund (PANRX). 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
TRRFX vs. PANRX - Dividend Comparison
TRRFX's dividend yield for the trailing twelve months is around 2.62%, more than PANRX's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 2.82% | 3.24% | 2.11% | 1.71% | 2.34% | 2.51% | 1.98% | 1.87% | 2.09% | 2.00% | 1.93% |
PANRX T. Rowe Price Target 2005 Fund | 2.58% | 2.76% | 3.20% | 1.77% | 1.12% | 1.95% | 1.69% | 1.40% | 1.68% | 1.55% | 1.31% | 0.58% |
Drawdowns
TRRFX vs. PANRX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, which is greater than PANRX's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for TRRFX and PANRX. For additional features, visit the drawdowns tool.
Volatility
TRRFX vs. PANRX - Volatility Comparison
T. Rowe Price Retirement 2005 Fund (TRRFX) has a higher volatility of 1.81% compared to T. Rowe Price Target 2005 Fund (PANRX) at 1.61%. This indicates that TRRFX's price experiences larger fluctuations and is considered to be riskier than PANRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.