TRRKX vs. VFORX
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund (TRRKX) and Vanguard Target Retirement 2040 Fund (VFORX).
TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005. VFORX is managed by Vanguard. It was launched on Jun 7, 2006.
Performance
TRRKX vs. VFORX - Performance Comparison
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TRRKX vs. VFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | -0.98% | 14.20% | 13.94% | 20.52% | -19.03% | 15.80% | 18.64% | 25.41% | -7.66% | 22.42% |
VFORX Vanguard Target Retirement 2040 Fund | -1.20% | 18.77% | 12.90% | 18.56% | -17.00% | 14.55% | 15.48% | 23.86% | -7.32% | 18.45% |
Returns By Period
In the year-to-date period, TRRKX achieves a -0.98% return, which is significantly higher than VFORX's -1.20% return. Both investments have delivered pretty close results over the past 10 years, with TRRKX having a 10.01% annualized return and VFORX not far behind at 9.72%.
TRRKX
- 1D
- 2.69%
- 1M
- -6.33%
- YTD
- -0.98%
- 6M
- -2.18%
- 1Y
- 12.52%
- 3Y*
- 13.48%
- 5Y*
- 6.29%
- 10Y*
- 10.01%
VFORX
- 1D
- 2.20%
- 1M
- -4.86%
- YTD
- -1.20%
- 6M
- 1.09%
- 1Y
- 17.20%
- 3Y*
- 13.93%
- 5Y*
- 7.31%
- 10Y*
- 9.72%
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TRRKX vs. VFORX - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than VFORX's 0.08% expense ratio.
Return for Risk
TRRKX vs. VFORX — Risk / Return Rank
TRRKX
VFORX
TRRKX vs. VFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund (TRRKX) and Vanguard Target Retirement 2040 Fund (VFORX). 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.
| TRRKX | VFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.40 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.02 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.98 | -1.10 |
Martin ratioReturn relative to average drawdown | 3.93 | 8.84 | -4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRKX | VFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.40 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.59 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.71 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.47 | +0.01 |
Correlation
The correlation between TRRKX and VFORX is 0.98, 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.
Dividends
TRRKX vs. VFORX - Dividend Comparison
TRRKX has not paid dividends to shareholders, while VFORX's dividend yield for the trailing twelve months is around 2.80%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 0.00% | 0.00% | 1.96% | 4.40% | 7.83% | 5.58% | 4.52% | 5.94% | 8.98% | 3.52% | 3.20% | 4.25% |
VFORX Vanguard Target Retirement 2040 Fund | 2.80% | 2.77% | 2.86% | 2.38% | 2.60% | 20.68% | 2.06% | 2.28% | 2.58% | 0.04% | 2.40% | 2.99% |
Drawdowns
TRRKX vs. VFORX - Drawdown Comparison
The maximum TRRKX drawdown since its inception was -53.54%, roughly equal to the maximum VFORX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for TRRKX and VFORX.
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Drawdown Indicators
| TRRKX | VFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -51.63% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -8.88% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.75% | -24.32% | -4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -29.35% | -3.13% |
Current DrawdownCurrent decline from peak | -7.05% | -5.68% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -6.82% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.99% | +0.89% |
Volatility
TRRKX vs. VFORX - Volatility Comparison
T. Rowe Price Retirement 2045 Fund (TRRKX) has a higher volatility of 5.83% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 4.82%. This indicates that TRRKX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRKX | VFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 4.82% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 7.55% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 12.58% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 12.39% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 13.66% | +1.63% |