TRRLX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
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. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
TRRLX vs. PRWCX - Performance Comparison
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TRRLX vs. PRWCX - 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% | 20.79% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, TRRLX achieves a -1.05% return, which is significantly higher than PRWCX's -3.22% return. Over the past 10 years, TRRLX has underperformed PRWCX with an annualized return of 10.09%, while PRWCX has yielded a comparatively higher 11.41% annualized 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%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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TRRLX vs. PRWCX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Return for Risk
TRRLX vs. PRWCX — Risk / Return Rank
TRRLX
PRWCX
TRRLX vs. PRWCX - 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 Capital Appreciation Fund (PRWCX). 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 | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.27 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.37 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.34 | -1.49 |
Martin ratioReturn relative to average drawdown | 3.78 | 9.70 | -5.91 |
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
| TRRLX | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.27 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.88 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.90 | -0.34 |
Correlation
The correlation between TRRLX and PRWCX is 0.90, 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. PRWCX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while PRWCX's dividend yield for the trailing twelve months is around 16.24%.
| 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
TRRLX vs. PRWCX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, smaller than the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TRRLX and PRWCX.
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Drawdown Indicators
| TRRLX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -41.77% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -6.80% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -17.07% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | -26.86% | -5.66% |
Current DrawdownCurrent decline from peak | -7.30% | -4.47% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -3.34% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.64% | +1.32% |
Volatility
TRRLX vs. PRWCX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 6.03% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 3.64%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRLX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.64% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 9.78% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 13.57% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 13.24% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 12.98% | +2.49% |