TRRFX vs. VMRXX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. VMRXX is an actively managed fund by Vanguard. It was launched on Oct 3, 1989.
Performance
TRRFX vs. VMRXX - Performance Comparison
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TRRFX vs. VMRXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | -0.40% | 5.43% | 8.04% | 11.97% | -13.61% | 3.21% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 0.59% | 4.25% | 3.45% | 4.65% | 0.00% | 0.01% |
Returns By Period
In the year-to-date period, TRRFX achieves a -0.40% return, which is significantly lower than VMRXX's 0.59% return.
TRRFX
- 1D
- 1.21%
- 1M
- -3.16%
- YTD
- -0.40%
- 6M
- -4.34%
- 1Y
- 3.29%
- 3Y*
- 6.83%
- 5Y*
- 2.95%
- 10Y*
- 5.22%
VMRXX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.59%
- 6M
- 1.59%
- 1Y
- 3.76%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
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TRRFX vs. VMRXX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is higher than VMRXX's 0.10% expense ratio.
Return for Risk
TRRFX vs. VMRXX — Risk / Return Rank
TRRFX
VMRXX
TRRFX vs. VMRXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). 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.
| TRRFX | VMRXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 3.51 | -3.08 |
Sortino ratioReturn per unit of downside risk | 0.57 | — | — |
Omega ratioGain probability vs. loss probability | 1.11 | — | — |
Calmar ratioReturn relative to maximum drawdown | 0.45 | — | — |
Martin ratioReturn relative to average drawdown | 1.32 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRFX | VMRXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 3.51 | -3.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 2.69 | -2.08 |
Correlation
The correlation between TRRFX and VMRXX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TRRFX vs. VMRXX - Dividend Comparison
TRRFX has not paid dividends to shareholders, while VMRXX's dividend yield for the trailing twelve months is around 3.69%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 0.00% | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 1.28% | 1.69% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 3.69% | 4.15% | 3.38% | 4.54% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRFX vs. VMRXX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, which is greater than VMRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TRRFX and VMRXX.
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Drawdown Indicators
| TRRFX | VMRXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | 0.00% | -33.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | 0.00% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -5.70% | 0.00% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -3.51% | 0.00% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.00% | +2.37% |
Volatility
TRRFX vs. VMRXX - Volatility Comparison
T. Rowe Price Retirement 2005 Fund (TRRFX) has a higher volatility of 2.72% compared to Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) at 0.00%. This indicates that TRRFX's price experiences larger fluctuations and is considered to be riskier than VMRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRFX | VMRXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.00% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 0.77% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.60% | 1.17% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 1.01% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 1.01% | +6.33% |