Correlation
The correlation between TRRKX and SPY is 0.95, 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.
TRRKX vs. SPY
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund (TRRKX) and SPDR S&P 500 ETF (SPY).
TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005. 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: TRRKX or SPY.
Performance
TRRKX vs. SPY - Performance Comparison
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Key characteristics
TRRKX:
0.61
SPY:
0.70
TRRKX:
0.84
SPY:
1.02
TRRKX:
1.12
SPY:
1.15
TRRKX:
0.48
SPY:
0.68
TRRKX:
2.38
SPY:
2.57
TRRKX:
3.56%
SPY:
4.93%
TRRKX:
16.19%
SPY:
20.42%
TRRKX:
-56.15%
SPY:
-55.19%
TRRKX:
-3.82%
SPY:
-3.55%
Returns By Period
In the year-to-date period, TRRKX achieves a 4.45% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, TRRKX has underperformed SPY with an annualized return of 4.47%, while SPY has yielded a comparatively higher 12.73% annualized return.
TRRKX
4.45%
4.54%
-0.11%
9.74%
6.94%
7.33%
4.47%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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TRRKX vs. SPY - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRRKX vs. SPY — Risk-Adjusted Performance Rank
TRRKX
SPY
TRRKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund (TRRKX) 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.
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Dividends
TRRKX vs. SPY - Dividend Comparison
TRRKX's dividend yield for the trailing twelve months is around 1.88%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 1.88% | 1.96% | 4.40% | 7.83% | 6.88% | 4.52% | 5.94% | 8.98% | 3.52% | 4.55% | 5.64% | 3.56% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRRKX vs. SPY - Drawdown Comparison
The maximum TRRKX drawdown since its inception was -56.15%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRRKX and SPY.
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Volatility
TRRKX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2045 Fund (TRRKX) is 3.59%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that TRRKX 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.
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