TRRKX vs. VOO
TRRKX (T. Rowe Price Retirement 2045 Fund) and VOO (Vanguard S&P 500 ETF) are both funds - TRRKX is a Target Retirement Date fund managed by T. Rowe Price, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TRRKX returned 10.76%/yr vs 15.20%/yr for VOO. Their correlation of 0.95 suggests significant overlap in exposure. TRRKX charges 0.63%/yr vs 0.03%/yr for VOO.
Performance
TRRKX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, TRRKX achieves a 10.15% return, which is significantly lower than VOO's 10.87% return. Over the past 10 years, TRRKX has underperformed VOO with an annualized return of 10.76%, while VOO has yielded a comparatively higher 15.20% annualized return.
TRRKX
- 1D
- -0.92%
- 1M
- 0.29%
- 6M
- 6.99%
- YTD
- 10.15%
- 1Y
- 15.46%
- 3Y*
- 14.74%
- 5Y*
- 7.38%
- 10Y*
- 10.76%
VOO
- 1D
- 0.38%
- 1M
- 1.64%
- 6M
- 8.98%
- YTD
- 10.87%
- 1Y
- 21.75%
- 3Y*
- 20.31%
- 5Y*
- 13.16%
- 10Y*
- 15.20%
TRRKX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRKX T. Rowe Price Retirement 2045 Fund | 10.15% | 14.20% | 13.94% | 20.52% | -19.03% | 15.80% | 18.64% | 25.41% | -7.66% | 22.42% |
VOO Vanguard S&P 500 ETF | 10.87% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between TRRKX and VOO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.95 |
The correlation between TRRKX and VOO has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
TRRKX vs. VOO — Risk / Return Rank
TRRKX
VOO
TRRKX vs. VOO - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRRKX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.45 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.86 | 10.70 | -3.84 |
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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.
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Drawdown Indicators
| TRRKX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -33.99% | -19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -8.90% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.16% | -18.69% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.75% | -24.52% | -4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -33.99% | +1.51% |
Current DrawdownCurrent decline from peak | -1.23% | -0.74% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -3.67% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.04% | +0.26% |
Volatility
TRRKX vs. VOO - Volatility Comparison
T. Rowe Price Retirement 2045 Fund (TRRKX) has a higher volatility of 4.08% compared to Vanguard S&P 500 ETF (VOO) at 3.86%. This indicates that TRRKX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRKX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.86% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 9.96% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 12.51% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 16.93% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 18.00% | -2.73% |
TRRKX vs. VOO - Expense Ratio Comparison
TRRKX has a 0.63% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
TRRKX vs. VOO - Dividend Comparison
TRRKX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.06%.
| Position | 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% |
VOO Vanguard S&P 500 ETF | 1.06% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
TRRKX and VOO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRRKX has higher volatility (4.08%) compared to VOO (3.86%). In terms of maximum drawdown, TRRKX dropped -53.54% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.75 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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