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.
Correlation
The correlation between TRRIX and SPY is 0.90, 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
Key characteristics
TRRIX:
1.67
SPY:
1.75
TRRIX:
2.34
SPY:
2.36
TRRIX:
1.31
SPY:
1.32
TRRIX:
0.47
SPY:
2.66
TRRIX:
7.15
SPY:
11.01
TRRIX:
1.26%
SPY:
2.03%
TRRIX:
5.40%
SPY:
12.77%
TRRIX:
-29.56%
SPY:
-55.19%
TRRIX:
-12.07%
SPY:
-2.12%
Returns By Period
The year-to-date returns for both investments are quite close, with TRRIX having a 2.29% return and SPY slightly higher at 2.36%. Over the past 10 years, TRRIX has underperformed SPY with an annualized return of 1.05%, while SPY has yielded a comparatively higher 12.96% annualized return.
TRRIX
2.29%
0.69%
1.47%
8.33%
-0.38%
1.05%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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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 Rank
TRRIX
SPY
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 3.13%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRIX T. Rowe Price Retirement Balanced Fund | 3.13% | 3.16% | 2.94% | 3.37% | 2.23% | 1.46% | 1.91% | 1.90% | 1.50% | 1.56% | 1.69% | 3.49% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRRIX vs. SPY - Drawdown Comparison
The maximum TRRIX drawdown since its inception was -29.56%, 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 1.32%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. 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.