TRRIX vs. SPY
Compare and contrast key facts about T. Rowe Price Retirement Balanced Fund (TRRIX) and SPDR S&P 500 ETF (SPY).
TRRIX is managed by T. Rowe Price. It was launched on Sep 30, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRIX or SPY.
Key characteristics
| TRRIX | SPY | |
|---|---|---|
| YTD Return | 7.92% | 21.01% |
| 1Y Return | 14.76% | 32.86% |
| 3Y Return (Ann) | 1.35% | 8.37% |
| 5Y Return (Ann) | 5.40% | 14.97% |
| 10Y Return (Ann) | 5.10% | 12.86% |
| Sharpe Ratio | 2.81 | 2.83 |
| Sortino Ratio | 4.23 | 3.76 |
| Omega Ratio | 1.55 | 1.53 |
| Calmar Ratio | 1.56 | 4.05 |
| Martin Ratio | 19.38 | 18.38 |
| Ulcer Index | 0.80% | 1.85% |
| Daily Std Dev | 5.52% | 12.02% |
| Max Drawdown | -27.78% | -55.19% |
| Current Drawdown | -1.51% | -2.53% |
Correlation
The correlation between TRRIX and SPY is 0.91, 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.
Performance
TRRIX vs. SPY - Performance Comparison
In the year-to-date period, TRRIX achieves a 7.92% return, which is significantly lower than SPY's 21.01% return. Over the past 10 years, TRRIX has underperformed SPY with an annualized return of 5.10%, while SPY has yielded a comparatively higher 12.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRRIX vs. SPY - Expense Ratio Comparison
TRRIX has a 0.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Balanced Fund (TRRIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TRRIX vs. SPY - Dividend Comparison
TRRIX's dividend yield for the trailing twelve months is around 4.19%, more than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRIX T. Rowe Price Retirement Balanced Fund | 4.19% | 4.13% | 10.46% | 12.72% | 9.26% | 3.39% | 7.01% | 5.08% | 3.40% | 3.45% | 3.49% | 2.97% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TRRIX vs. SPY - Drawdown Comparison
The maximum TRRIX drawdown since its inception was -27.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRRIX and SPY. For additional features, visit the drawdowns tool.
Volatility
TRRIX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement Balanced Fund (TRRIX) is 1.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that TRRIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.