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.
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
Key characteristics
TRRKX:
1.30
SPY:
2.21
TRRKX:
1.80
SPY:
2.93
TRRKX:
1.24
SPY:
1.41
TRRKX:
1.77
SPY:
3.26
TRRKX:
8.08
SPY:
14.43
TRRKX:
1.79%
SPY:
1.90%
TRRKX:
11.12%
SPY:
12.41%
TRRKX:
-53.54%
SPY:
-55.19%
TRRKX:
-5.86%
SPY:
-2.74%
Returns By Period
In the year-to-date period, TRRKX achieves a 12.15% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, TRRKX has underperformed SPY with an annualized return of 8.63%, while SPY has yielded a comparatively higher 12.97% annualized return.
TRRKX
12.15%
-3.87%
2.43%
12.89%
8.57%
8.63%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 0.00% | 1.36% | 1.27% | 0.66% | 0.76% | 1.57% | 1.60% | 1.25% | 1.34% | 1.39% | 1.38% | 1.02% |
SPY SPDR S&P 500 ETF | 0.86% | 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
The current volatility for T. Rowe Price Retirement 2045 Fund (TRRKX) is 3.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. 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.