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
Returns By Period
In the year-to-date period, TRRKX achieves a 16.01% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, TRRKX has underperformed SPY with an annualized return of 8.94%, while SPY has yielded a comparatively higher 13.07% annualized return.
TRRKX
16.01%
-0.26%
6.25%
23.07%
10.07%
8.94%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| TRRKX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.62 |
| Sortino Ratio | 2.86 | 3.50 |
| Omega Ratio | 1.37 | 1.49 |
| Calmar Ratio | 1.97 | 3.78 |
| Martin Ratio | 13.42 | 17.00 |
| Ulcer Index | 1.70% | 1.87% |
| Daily Std Dev | 10.93% | 12.14% |
| Max Drawdown | -53.54% | -55.19% |
| Current Drawdown | -1.66% | -1.38% |
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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.
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.
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 1.17%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 1.17% | 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 | 1.19% | 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 3.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. 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.