TRRIX vs. SMIFX
TRRIX (T. Rowe Price Retirement Balanced Fund) and SMIFX (Sound Mind Investing Fund) are both Diversified Portfolio funds. Over the past 10 years, TRRIX returned 6.64%/yr vs 9.48%/yr for SMIFX. Their correlation of 0.86 suggests significant overlap in exposure. TRRIX charges 0.49%/yr vs 1.19%/yr for SMIFX.
Performance
TRRIX vs. SMIFX - Performance Comparison
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Returns By Period
In the year-to-date period, TRRIX achieves a 5.10% return, which is significantly lower than SMIFX's 14.91% return. Over the past 10 years, TRRIX has underperformed SMIFX with an annualized return of 6.64%, while SMIFX has yielded a comparatively higher 9.48% annualized return.
TRRIX
- 1D
- 0.55%
- 1M
- 1.14%
- YTD
- 5.10%
- 6M
- 5.87%
- 1Y
- 12.48%
- 3Y*
- 10.52%
- 5Y*
- 5.16%
- 10Y*
- 6.64%
SMIFX
- 1D
- -0.98%
- 1M
- 1.46%
- YTD
- 14.91%
- 6M
- 16.29%
- 1Y
- 20.24%
- 3Y*
- 12.17%
- 5Y*
- 6.58%
- 10Y*
- 9.48%
TRRIX vs. SMIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRIX T. Rowe Price Retirement Balanced Fund | 5.10% | 11.02% | 9.96% | 11.57% | -13.16% | 8.63% | 11.48% | 15.32% | -3.29% | 10.38% |
SMIFX Sound Mind Investing Fund | 14.91% | 3.16% | 16.65% | 5.17% | -8.93% | 11.15% | 20.76% | 19.28% | -8.56% | 17.49% |
Correlation
The correlation between TRRIX and SMIFX is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2005 | 0.86 |
The correlation between TRRIX and SMIFX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
TRRIX vs. SMIFX — Risk / Return Rank
TRRIX
SMIFX
TRRIX vs. SMIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Balanced Fund (TRRIX) and Sound Mind Investing Fund (SMIFX). 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.
| TRRIX | SMIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.67 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.96 | 8.45 | +2.51 |
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Drawdowns
TRRIX vs. SMIFX - Drawdown Comparison
The maximum TRRIX drawdown since its inception was -27.77%, smaller than the maximum SMIFX drawdown of -54.33%. Use the drawdown chart below to compare losses from any high point for TRRIX and SMIFX.
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Drawdown Indicators
| TRRIX | SMIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.77% | -54.33% | +26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.42% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -19.98% | +13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -41.36% | +23.23% |
Max Drawdown (10Y)Largest decline over 10 years | -18.57% | -41.36% | +22.79% |
Current DrawdownCurrent decline from peak | -0.34% | -10.28% | +9.94% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -14.27% | +11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.34% | -1.18% |
Volatility
TRRIX vs. SMIFX - Volatility Comparison
The current volatility for T. Rowe Price Retirement Balanced Fund (TRRIX) is 2.40%, while Sound Mind Investing Fund (SMIFX) has a volatility of 5.20%. This indicates that TRRIX experiences smaller price fluctuations and is considered to be less risky than SMIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRIX | SMIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 5.20% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.34% | 9.97% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 12.43% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 29.08% | -21.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.25% | 24.21% | -16.96% |
TRRIX vs. SMIFX - Expense Ratio Comparison
TRRIX has a 0.49% expense ratio, which is lower than SMIFX's 1.19% expense ratio.
Dividends
TRRIX vs. SMIFX - Dividend Comparison
TRRIX's dividend yield for the trailing twelve months is around 4.65%, which matches SMIFX's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIFX Sound Mind Investing Fund | 4.64% | 5.33% | 1.28% | 1.73% | 0.97% | 46.86% | 0.00% | 0.48% | 26.02% | 10.06% | 0.00% | 14.94% |
TRRIX T. Rowe Price Retirement Balanced Fund | 4.65% | 4.86% | 5.78% | 4.32% | 10.15% | 12.67% | 9.27% | 3.39% | 7.01% | 5.07% | 3.40% | 3.44% |
Frequently Asked Questions
TRRIX and SMIFX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMIFX has higher volatility (5.20%) compared to TRRIX (2.40%). In terms of maximum drawdown, TRRIX dropped -27.77% vs SMIFX's -54.33%.
TRRIX currently has the higher Sharpe Ratio (2.05 vs 1.60), 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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