TRRGX vs. VTWNX
Compare and contrast key facts about T. Rowe Price Retirement 2015 Fund (TRRGX) and Vanguard Target Retirement 2020 Fund (VTWNX).
TRRGX is managed by T. Rowe Price. It was launched on Feb 26, 2004. VTWNX is managed by Vanguard. It was launched on Jun 7, 2006.
Performance
TRRGX vs. VTWNX - Performance Comparison
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TRRGX vs. VTWNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRGX T. Rowe Price Retirement 2015 Fund | -1.95% | 6.04% | 8.85% | 13.01% | -14.10% | 9.65% | 12.56% | 17.41% | -4.24% | 13.36% |
VTWNX Vanguard Target Retirement 2020 Fund | -1.57% | 12.17% | 7.57% | 12.71% | -14.17% | 8.15% | 12.05% | 17.64% | -4.23% | 11.83% |
Returns By Period
In the year-to-date period, TRRGX achieves a -1.95% return, which is significantly lower than VTWNX's -1.57% return. Over the past 10 years, TRRGX has underperformed VTWNX with an annualized return of 5.97%, while VTWNX has yielded a comparatively higher 6.31% annualized return.
TRRGX
- 1D
- -0.08%
- 1M
- -5.29%
- YTD
- -1.95%
- 6M
- -5.63%
- 1Y
- 2.75%
- 3Y*
- 6.99%
- 5Y*
- 3.28%
- 10Y*
- 5.97%
VTWNX
- 1D
- 0.11%
- 1M
- -4.29%
- YTD
- -1.57%
- 6M
- 0.06%
- 1Y
- 9.17%
- 3Y*
- 8.51%
- 5Y*
- 4.17%
- 10Y*
- 6.31%
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TRRGX vs. VTWNX - Expense Ratio Comparison
TRRGX has a 0.51% expense ratio, which is higher than VTWNX's 0.08% expense ratio.
Return for Risk
TRRGX vs. VTWNX — Risk / Return Rank
TRRGX
VTWNX
TRRGX vs. VTWNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2015 Fund (TRRGX) and Vanguard Target Retirement 2020 Fund (VTWNX). 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.
| TRRGX | VTWNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.48 | -1.17 |
Sortino ratioReturn per unit of downside risk | 0.46 | 2.11 | -1.65 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.98 | -1.71 |
Martin ratioReturn relative to average drawdown | 0.84 | 8.25 | -7.42 |
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
| TRRGX | VTWNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.48 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.57 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.77 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.52 | +0.01 |
Correlation
The correlation between TRRGX and VTWNX is 0.98, 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.
Dividends
TRRGX vs. VTWNX - Dividend Comparison
TRRGX has not paid dividends to shareholders, while VTWNX's dividend yield for the trailing twelve months is around 8.33%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTWNX Vanguard Target Retirement 2020 Fund | 8.33% | 8.20% | 9.35% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 0.73% | 2.74% | 4.15% |
Drawdowns
TRRGX vs. VTWNX - Drawdown Comparison
The maximum TRRGX drawdown since its inception was -43.17%, roughly equal to the maximum VTWNX drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for TRRGX and VTWNX.
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Drawdown Indicators
| TRRGX | VTWNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.17% | -42.16% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -4.50% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -19.38% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | -19.38% | -1.93% |
Current DrawdownCurrent decline from peak | -7.30% | -4.32% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.83% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.08% | +1.35% |
Volatility
TRRGX vs. VTWNX - Volatility Comparison
T. Rowe Price Retirement 2015 Fund (TRRGX) has a higher volatility of 2.72% compared to Vanguard Target Retirement 2020 Fund (VTWNX) at 2.40%. This indicates that TRRGX's price experiences larger fluctuations and is considered to be riskier than VTWNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRGX | VTWNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.40% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 3.81% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 6.31% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 7.37% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 8.26% | +0.39% |