TRRGX vs. TRRAX
TRRGX (T. Rowe Price Retirement 2015 Fund) and TRRAX (T. Rowe Price Retirement 2010 Fund) are both Target Retirement Date funds from T. Rowe Price. Over the past 10 years, TRRGX returned 6.76%/yr vs 6.76%/yr for TRRAX. With a 0.99 correlation, they move nearly in lockstep. TRRGX charges 0.51%/yr vs 0.49%/yr for TRRAX.
Performance
TRRGX vs. TRRAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRRGX having a 5.77% return and TRRAX slightly lower at 5.50%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: TRRGX at 6.76% and TRRAX at 6.76%.
TRRGX
- 1D
- -0.14%
- 1M
- 0.79%
- YTD
- 5.77%
- 6M
- 5.53%
- 1Y
- 7.55%
- 3Y*
- 9.17%
- 5Y*
- 4.07%
- 10Y*
- 6.76%
TRRAX
- 1D
- -0.18%
- 1M
- 0.72%
- YTD
- 5.50%
- 6M
- 5.30%
- 1Y
- 13.14%
- 3Y*
- 10.80%
- 5Y*
- 4.96%
- 10Y*
- 6.76%
TRRGX vs. TRRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRGX T. Rowe Price Retirement 2015 Fund | 5.77% | 6.04% | 8.85% | 13.01% | -14.10% | 9.65% | 12.56% | 17.41% | -4.24% | 13.36% |
TRRAX T. Rowe Price Retirement 2010 Fund | 5.50% | 11.77% | 8.48% | 12.49% | -13.94% | 8.87% | 11.90% | 16.17% | -3.66% | 11.67% |
Correlation
The correlation between TRRGX and TRRAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2004 | 0.99 |
The correlation between TRRGX and TRRAX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
TRRGX vs. TRRAX — Risk / Return Rank
TRRGX
TRRAX
TRRGX vs. TRRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2015 Fund (TRRGX) and T. Rowe Price Retirement 2010 Fund (TRRAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRRGX | TRRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.71 | -1.59 |
| Martin ratioReturn relative to average drawdown | 3.30 | 11.84 | -8.53 |
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Drawdowns
TRRGX vs. TRRAX - Drawdown Comparison
The maximum TRRGX drawdown since its inception was -43.17%, which is greater than TRRAX's maximum drawdown of -38.81%. Use the drawdown chart below to compare losses from any high point for TRRGX and TRRAX.
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Drawdown Indicators
| TRRGX | TRRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.17% | -38.81% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -5.07% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | -7.33% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -19.40% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | -19.61% | -1.70% |
Current DrawdownCurrent decline from peak | -0.42% | -0.41% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.91% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.15% | +1.30% |
Volatility
TRRGX vs. TRRAX - Volatility Comparison
T. Rowe Price Retirement 2015 Fund (TRRGX) has a higher volatility of 2.61% compared to T. Rowe Price Retirement 2010 Fund (TRRAX) at 2.46%. This indicates that TRRGX's price experiences larger fluctuations and is considered to be riskier than TRRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRGX | TRRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.46% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 5.36% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.42% | 6.34% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 8.09% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 7.89% | +0.81% |
TRRGX vs. TRRAX - Expense Ratio Comparison
TRRGX has a 0.51% expense ratio, which is higher than TRRAX's 0.49% expense ratio.
Dividends
TRRGX vs. TRRAX - Dividend Comparison
TRRGX has not paid dividends to shareholders, while TRRAX's dividend yield for the trailing twelve months is around 5.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRAX T. Rowe Price Retirement 2010 Fund | 5.56% | 5.87% | 4.10% | 4.32% | 11.83% | 13.61% | 9.86% | 4.55% | 8.50% | 5.96% | 2.19% | 2.07% |
TRRGX T. Rowe Price Retirement 2015 Fund | 0.00% | 0.00% | 4.00% | 5.52% | 12.45% | 11.34% | 9.02% | 5.24% | 10.35% | 7.28% | 1.62% | 3.07% |
Frequently Asked Questions
With a correlation of 0.97, TRRGX and TRRAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRRGX has higher volatility (2.61%) compared to TRRAX (2.46%). In terms of maximum drawdown, TRRGX dropped -43.17% vs TRRAX's -38.81%.
TRRAX currently has the higher Sharpe Ratio (2.17 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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