TRRLX vs. PRNHX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and T. Rowe Price New Horizons Fund (PRNHX).
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. PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960.
Performance
TRRLX vs. PRNHX - Performance Comparison
Loading graphics...
TRRLX vs. PRNHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -3.74% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 25.39% | -7.62% | 20.79% |
PRNHX T. Rowe Price New Horizons Fund | -5.34% | 3.27% | 8.80% | 21.35% | -36.96% | 9.96% | 58.05% | 56.50% | 3.79% | 31.59% |
Returns By Period
In the year-to-date period, TRRLX achieves a -3.74% return, which is significantly higher than PRNHX's -5.34% return. Over the past 10 years, TRRLX has underperformed PRNHX with an annualized return of 9.79%, while PRNHX has yielded a comparatively higher 12.93% annualized return.
TRRLX
- 1D
- -0.33%
- 1M
- -9.46%
- YTD
- -3.74%
- 6M
- -4.69%
- 1Y
- 10.12%
- 3Y*
- 12.70%
- 5Y*
- 6.39%
- 10Y*
- 9.79%
PRNHX
- 1D
- -1.77%
- 1M
- -10.89%
- YTD
- -5.34%
- 6M
- -3.56%
- 1Y
- 10.01%
- 3Y*
- 6.27%
- 5Y*
- -1.84%
- 10Y*
- 12.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TRRLX vs. PRNHX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is lower than PRNHX's 0.75% expense ratio.
Return for Risk
TRRLX vs. PRNHX — Risk / Return Rank
TRRLX
PRNHX
TRRLX vs. PRNHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) and T. Rowe Price New Horizons Fund (PRNHX). 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 | PRNHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.37 | +0.26 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.70 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.46 | +0.23 |
Martin ratioReturn relative to average drawdown | 3.08 | 1.71 | +1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TRRLX | PRNHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.37 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | -0.08 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.57 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.47 | +0.08 |
Correlation
The correlation between TRRLX and PRNHX is 0.82, 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. PRNHX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while PRNHX's dividend yield for the trailing twelve months is around 12.52%.
| 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% |
PRNHX T. Rowe Price New Horizons Fund | 12.52% | 11.85% | 9.82% | 0.00% | 4.72% | 17.09% | 13.67% | 23.46% | 13.94% | 8.27% | 5.77% | 7.72% |
Drawdowns
TRRLX vs. PRNHX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, smaller than the maximum PRNHX drawdown of -70.96%. Use the drawdown chart below to compare losses from any high point for TRRLX and PRNHX.
Loading graphics...
Drawdown Indicators
| TRRLX | PRNHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -70.96% | +38.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -13.70% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -48.37% | +20.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | -48.37% | +15.85% |
Current DrawdownCurrent decline from peak | -9.82% | -27.08% | +17.26% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -18.39% | +13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.67% | -0.75% |
Volatility
TRRLX vs. PRNHX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2060 Fund (TRRLX) is 5.10%, while T. Rowe Price New Horizons Fund (PRNHX) has a volatility of 7.88%. This indicates that TRRLX experiences smaller price fluctuations and is considered to be less risky than PRNHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TRRLX | PRNHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 7.88% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 14.48% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 23.87% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 24.41% | -9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 22.67% | -7.22% |