TRRHX vs. TRVLX
TRRHX (T. Rowe Price Retirement 2025 Fund) and TRVLX (T. Rowe Price Value Fund) are both mutual funds - TRRHX is a Target Retirement Date fund managed by T. Rowe Price, while TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, TRRHX returned 8.13%/yr vs 12.21%/yr for TRVLX. Their correlation of 0.92 suggests significant overlap in exposure. TRRHX charges 0.55%/yr vs 0.65%/yr for TRVLX.
Performance
TRRHX vs. TRVLX - Performance Comparison
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Returns By Period
In the year-to-date period, TRRHX achieves a 6.46% return, which is significantly lower than TRVLX's 14.49% return. Over the past 10 years, TRRHX has underperformed TRVLX with an annualized return of 8.13%, while TRVLX has yielded a comparatively higher 12.21% annualized return.
TRRHX
- 1D
- -0.16%
- 1M
- 0.81%
- YTD
- 6.46%
- 6M
- 6.16%
- 1Y
- 8.62%
- 3Y*
- 10.08%
- 5Y*
- 4.53%
- 10Y*
- 8.13%
TRVLX
- 1D
- 0.44%
- 1M
- 1.73%
- YTD
- 14.49%
- 6M
- 13.73%
- 1Y
- 22.81%
- 3Y*
- 17.65%
- 5Y*
- 10.14%
- 10Y*
- 12.21%
TRRHX vs. TRVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRHX T. Rowe Price Retirement 2025 Fund | 6.46% | 6.59% | 9.71% | 14.63% | -15.59% | 12.02% | 14.68% | 20.96% | -5.68% | 17.69% |
TRVLX T. Rowe Price Value Fund | 14.49% | 12.20% | 14.98% | 12.16% | -11.37% | 29.86% | 10.48% | 26.20% | -9.44% | 17.35% |
Correlation
The correlation between TRRHX and TRVLX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2004 | 0.92 |
The correlation between TRRHX and TRVLX shifts across timeframes, from 0.77 (3 years) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRRHX vs. TRVLX — Risk / Return Rank
TRRHX
TRVLX
TRRHX vs. TRVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2025 Fund (TRRHX) and T. Rowe Price Value Fund (TRVLX). 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.
| TRRHX | TRVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.43 | -2.23 |
| Martin ratioReturn relative to average drawdown | 3.60 | 13.48 | -9.87 |
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Drawdowns
TRRHX vs. TRVLX - Drawdown Comparison
The maximum TRRHX drawdown since its inception was -50.04%, smaller than the maximum TRVLX drawdown of -60.22%. Use the drawdown chart below to compare losses from any high point for TRRHX and TRVLX.
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Drawdown Indicators
| TRRHX | TRVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.04% | -60.22% | +10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -7.05% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -13.01% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -20.35% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -26.42% | -38.65% | +12.23% |
Current DrawdownCurrent decline from peak | -0.42% | -0.20% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -7.49% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.78% | +0.77% |
Volatility
TRRHX vs. TRVLX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2025 Fund (TRRHX) is 2.90%, while T. Rowe Price Value Fund (TRVLX) has a volatility of 3.48%. This indicates that TRRHX experiences smaller price fluctuations and is considered to be less risky than TRVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRHX | TRVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 3.48% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 8.57% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 11.08% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 14.23% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 17.37% | -6.53% |
TRRHX vs. TRVLX - Expense Ratio Comparison
TRRHX has a 0.55% expense ratio, which is lower than TRVLX's 0.65% expense ratio.
Dividends
TRRHX vs. TRVLX - Dividend Comparison
TRRHX has not paid dividends to shareholders, while TRVLX's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRHX T. Rowe Price Retirement 2025 Fund | 0.00% | 0.00% | 4.13% | 6.58% | 12.69% | 10.87% | 5.21% | 4.95% | 7.52% | 3.70% | 2.00% | 3.11% |
TRVLX T. Rowe Price Value Fund | 3.98% | 4.56% | 8.50% | 2.97% | 10.09% | 10.92% | 2.33% | 1.69% | 11.09% | 5.89% | 3.06% | 8.77% |
Frequently Asked Questions
TRRHX and TRVLX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRVLX has higher volatility (3.48%) compared to TRRHX (2.90%). In terms of maximum drawdown, TRRHX dropped -50.04% vs TRVLX's -60.22%.
TRVLX currently has the higher Sharpe Ratio (2.19 vs 1.03), 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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