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.
Key characteristics
| TRRKX | SPY | |
|---|---|---|
| YTD Return | 13.86% | 19.22% |
| 1Y Return | 22.03% | 28.25% |
| 3Y Return (Ann) | 3.90% | 9.99% |
| 5Y Return (Ann) | 10.18% | 15.19% |
| 10Y Return (Ann) | 8.82% | 12.84% |
| Sharpe Ratio | 1.90 | 2.25 |
| Daily Std Dev | 11.54% | 12.59% |
| Max Drawdown | -53.54% | -55.19% |
| Current Drawdown | -0.61% | -0.32% |
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.
Performance
TRRKX vs. SPY - Performance Comparison
In the year-to-date period, TRRKX achieves a 13.86% return, which is significantly lower than SPY's 19.22% return. Over the past 10 years, TRRKX has underperformed SPY with an annualized return of 8.82%, while SPY has yielded a comparatively higher 12.84% 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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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 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.
Dividends
TRRKX vs. SPY - Dividend Comparison
TRRKX's dividend yield for the trailing twelve months is around 3.86%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 3.86% | 4.40% | 7.83% | 5.58% | 4.52% | 5.94% | 8.98% | 3.52% | 4.55% | 5.64% | 3.56% | 2.50% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TRRKX vs. SPY - Drawdown Comparison
The maximum TRRKX drawdown since its inception was -53.54%, 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. For additional features, visit the drawdowns tool.
Volatility
TRRKX vs. SPY - Volatility Comparison
T. Rowe Price Retirement 2045 Fund (TRRKX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.79% and 3.94%, 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.