TRRLX vs. PDAHX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and Prudential Day One Income Fund (PDAHX).
TRRLX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2060 Index. It was launched on Jun 23, 2014. PDAHX is managed by PGIM. It was launched on Dec 12, 2016.
Performance
TRRLX vs. PDAHX - Performance Comparison
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TRRLX vs. PDAHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -1.05% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 25.39% | -7.62% | 19.96% |
PDAHX Prudential Day One Income Fund | 1.03% | 10.37% | 8.27% | 8.89% | -11.69% | 9.21% | 8.22% | 13.58% | -3.26% | 8.25% |
Returns By Period
In the year-to-date period, TRRLX achieves a -1.05% return, which is significantly lower than PDAHX's 1.03% return.
TRRLX
- 1D
- 2.79%
- 1M
- -6.56%
- YTD
- -1.05%
- 6M
- -2.29%
- 1Y
- 12.85%
- 3Y*
- 13.74%
- 5Y*
- 6.69%
- 10Y*
- 10.09%
PDAHX
- 1D
- 0.95%
- 1M
- -2.04%
- YTD
- 1.03%
- 6M
- 2.12%
- 1Y
- 9.03%
- 3Y*
- 8.37%
- 5Y*
- 4.54%
- 10Y*
- —
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TRRLX vs. PDAHX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is higher than PDAHX's 0.16% expense ratio.
Return for Risk
TRRLX vs. PDAHX — Risk / Return Rank
TRRLX
PDAHX
TRRLX vs. PDAHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) and Prudential Day One Income Fund (PDAHX). 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.
| TRRLX | PDAHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.59 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.23 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.08 | -1.23 |
Martin ratioReturn relative to average drawdown | 3.78 | 9.97 | -6.19 |
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
| TRRLX | PDAHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.59 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.70 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.85 | -0.29 |
Correlation
The correlation between TRRLX and PDAHX is 0.79, 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
TRRLX vs. PDAHX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while PDAHX's dividend yield for the trailing twelve months is around 4.80%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
PDAHX Prudential Day One Income Fund | 4.80% | 4.92% | 7.35% | 3.54% | 7.78% | 7.72% | 2.22% | 4.25% | 3.70% | 1.88% | 0.00% | 0.00% |
Drawdowns
TRRLX vs. PDAHX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, which is greater than PDAHX's maximum drawdown of -15.65%. Use the drawdown chart below to compare losses from any high point for TRRLX and PDAHX.
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Drawdown Indicators
| TRRLX | PDAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -15.65% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -4.60% | -7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -15.65% | -12.44% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | — | — |
Current DrawdownCurrent decline from peak | -7.30% | -2.31% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -2.71% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.96% | +2.00% |
Volatility
TRRLX vs. PDAHX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 6.03% compared to Prudential Day One Income Fund (PDAHX) at 2.16%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than PDAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRLX | PDAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 2.16% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 3.27% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 5.84% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 6.54% | +8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 6.41% | +9.06% |