TRRJX vs. VTI

Last updated Jun 4, 2026

TRRJX (T. Rowe Price Retirement 2035 Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - TRRJX is a Target Retirement Date fund managed by T. Rowe Price, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, TRRJX returned 9.82%/yr vs 15.05%/yr for VTI. With a 0.96 correlation, they move nearly in lockstep. TRRJX charges 0.59%/yr vs 0.03%/yr for VTI.

Performance

TRRJX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2035 Fund (TRRJX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRRJX achieves a 9.32% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, TRRJX has underperformed VTI with an annualized return of 9.82%, while VTI has yielded a comparatively higher 15.05% annualized return.

TRRJX

• 1D: 0.39%
• 1M: 3.73%
• YTD: 9.32%
• 6M: 4.93%
• 1Y: 15.92%
• 3Y*: 14.07%
• 5Y*: 6.67%
• 10Y*: 9.82%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRRJX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRRJX T. Rowe Price Retirement 2035 Fund	9.32%	10.96%	11.99%	18.14%	-17.96%	15.21%	17.04%	23.72%	-6.95%	20.89%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between TRRJX and VTI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 2, 2004	0.96

The correlation between TRRJX and VTI has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

TRRJX vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRRJX

TRRJX Risk / Return Rank: 32
TRRJX Sharpe Ratio Rank: 31
TRRJX Sortino Ratio Rank: 28
TRRJX Omega Ratio Rank: 34
TRRJX Calmar Ratio Rank: 30
TRRJX Martin Ratio Rank: 36

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRRJX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) and Vanguard Total Stock Market ETF (VTI). 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.

	TRRJX	VTI	Difference
Sharpe ratio Return per unit of total volatility	1.59	2.33	-0.74
Sortino ratio Return per unit of downside risk	2.19	3.18	-1.00
Omega ratio Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio Return relative to maximum drawdown	2.06	3.17	-1.11
Martin ratio Return relative to average drawdown	7.96	14.62	-6.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRRJX vs. VTI - Sharpe Ratio Comparison

The current TRRJX Sharpe Ratio is 1.59, which is lower than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TRRJX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRRJX	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.33	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.73	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.82	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.51	0.00

Drawdowns

TRRJX vs. VTI - Drawdown Comparison

The maximum TRRJX drawdown since its inception was -53.57%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for TRRJX and VTI.

Drawdown Indicators

	TRRJX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-53.57%	-55.45%	+1.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.06%	-8.92%	+0.86%
Max Drawdown (3Y) Largest decline over 3 years	-12.52%	-19.30%	+6.78%
Max Drawdown (5Y) Largest decline over 5 years	-25.85%	-25.36%	-0.49%
Max Drawdown (10Y) Largest decline over 10 years	-30.14%	-35.00%	+4.86%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-6.65%	-8.03%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.93%	+0.13%

Volatility

TRRJX vs. VTI - Volatility Comparison

T. Rowe Price Retirement 2035 Fund (TRRJX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 2.95% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRRJX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.96%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	9.13%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	12.17%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	17.40%	-4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.54%	18.30%	-4.76%

TRRJX vs. VTI - Expense Ratio Comparison

TRRJX has a 0.59% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

TRRJX vs. VTI - Dividend Comparison

TRRJX has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRRJX T. Rowe Price Retirement 2035 Fund	0.00%	0.00%	2.36%	4.68%	9.67%	6.89%	4.80%	5.68%	8.55%	3.80%	2.89%	4.05%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both TRRJX and VTI in my portfolio?

TRRJX and VTI have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRRJX or VTI?

VTI has higher volatility (2.96%) compared to TRRJX (2.95%). In terms of maximum drawdown, TRRJX dropped -53.57% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.33 vs 1.59), 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.