TRRKX vs. VOO
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund (TRRKX) and Vanguard S&P 500 ETF (VOO).
TRRKX is managed by T. Rowe Price. It was launched on May 30, 2005. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRKX or VOO.
Key characteristics
| TRRKX | VOO | |
|---|---|---|
| YTD Return | 16.82% | 26.94% |
| 1Y Return | 25.01% | 35.06% |
| 3Y Return (Ann) | 3.31% | 10.23% |
| 5Y Return (Ann) | 10.19% | 15.77% |
| 10Y Return (Ann) | 9.11% | 13.41% |
| Sharpe Ratio | 2.51 | 3.08 |
| Sortino Ratio | 3.45 | 4.09 |
| Omega Ratio | 1.46 | 1.58 |
| Calmar Ratio | 2.26 | 4.46 |
| Martin Ratio | 16.58 | 20.36 |
| Ulcer Index | 1.67% | 1.85% |
| Daily Std Dev | 11.07% | 12.23% |
| Max Drawdown | -53.54% | -33.99% |
| Current Drawdown | -0.98% | -0.25% |
Correlation
The correlation between TRRKX and VOO 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. VOO - Performance Comparison
In the year-to-date period, TRRKX achieves a 16.82% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, TRRKX has underperformed VOO with an annualized return of 9.11%, while VOO has yielded a comparatively higher 13.41% 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. VOO - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TRRKX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund (TRRKX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
TRRKX's dividend yield for the trailing twelve months is around 1.16%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 1.16% | 1.36% | 1.27% | 0.66% | 0.76% | 1.57% | 1.60% | 1.25% | 1.34% | 1.39% | 1.38% | 1.02% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TRRKX vs. VOO - Drawdown Comparison
The maximum TRRKX drawdown since its inception was -53.54%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TRRKX and VOO. For additional features, visit the drawdowns tool.
Volatility
TRRKX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2045 Fund (TRRKX) is 2.86%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that TRRKX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.