TRRLX vs. VTINX

Last updated Jun 4, 2026

TRRLX (T. Rowe Price Retirement 2060 Fund) and VTINX (Vanguard Target Retirement Income Fund) are both mutual funds - TRRLX is a Target Retirement Date fund tracking the S&P Target Date 2060 Index, while VTINX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, TRRLX returned 11.20%/yr vs 5.33%/yr for VTINX. Their correlation of 0.84 suggests significant overlap in exposure. TRRLX charges 0.64%/yr vs 0.08%/yr for VTINX.

Performance

TRRLX vs. VTINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2060 Fund (TRRLX) and Vanguard Target Retirement Income Fund (VTINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRRLX achieves a 11.85% return, which is significantly higher than VTINX's 4.69% return. Over the past 10 years, TRRLX has outperformed VTINX with an annualized return of 11.20%, while VTINX has yielded a comparatively lower 5.33% annualized return.

TRRLX

• 1D: 0.47%
• 1M: 4.68%
• YTD: 11.85%
• 6M: 8.26%
• 1Y: 21.58%
• 3Y*: 17.36%
• 5Y*: 8.51%
• 10Y*: 11.20%

VTINX

• 1D: 0.14%
• 1M: 2.12%
• YTD: 4.69%
• 6M: 4.90%
• 1Y: 12.16%
• 3Y*: 9.49%
• 5Y*: 4.28%
• 10Y*: 5.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRRLX vs. VTINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRRLX T. Rowe Price Retirement 2060 Fund	11.85%	14.54%	14.22%	20.87%	-19.22%	17.50%	18.46%	25.39%	-7.62%	20.79%
VTINX Vanguard Target Retirement Income Fund	4.69%	11.31%	6.66%	10.66%	-12.75%	5.24%	10.02%	13.16%	-1.98%	7.46%

Correlation

The correlation between TRRLX and VTINX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 25, 2014	0.84

The correlation between TRRLX and VTINX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

TRRLX vs. VTINX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRRLX

TRRLX Risk / Return Rank: 40
TRRLX Sharpe Ratio Rank: 38
TRRLX Sortino Ratio Rank: 37
TRRLX Omega Ratio Rank: 40
TRRLX Calmar Ratio Rank: 37
TRRLX Martin Ratio Rank: 46

VTINX

VTINX Risk / Return Rank: 72
VTINX Sharpe Ratio Rank: 76
VTINX Sortino Ratio Rank: 78
VTINX Omega Ratio Rank: 77
VTINX Calmar Ratio Rank: 60
VTINX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRRLX vs. VTINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) and Vanguard Target Retirement Income Fund (VTINX). 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	VTINX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.52	-0.71
Sortino ratio: Return per unit of downside risk	2.54	3.70	-1.16
Omega ratio: Gain probability vs. loss probability	1.34	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	2.31	2.97	-0.66
Martin ratio: Return relative to average drawdown	9.63	13.09	-3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRRLX vs. VTINX - Sharpe Ratio Comparison

The current TRRLX Sharpe Ratio is 1.81, which is comparable to the VTINX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of TRRLX and VTINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRRLX	VTINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.52	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.71	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.93	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.93	-0.30

Drawdowns

TRRLX vs. VTINX - Drawdown Comparison

The maximum TRRLX drawdown since its inception was -32.52%, which is greater than VTINX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for TRRLX and VTINX.

Drawdown Indicators

	TRRLX	VTINX	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-19.96%	-12.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-4.14%	-5.68%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-5.26%	-10.33%
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	-17.02%	-11.07%
Max Drawdown (10Y) Largest decline over 10 years	-32.52%	-17.02%	-15.50%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.17%	-2.20%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	0.94%	+1.38%

Volatility

TRRLX vs. VTINX - Volatility Comparison

T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 3.56% compared to Vanguard Target Retirement Income Fund (VTINX) at 1.77%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than VTINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRRLX	VTINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	1.77%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	4.02%	+6.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	4.88%	+7.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	6.07%	+9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	5.73%	+9.79%

TRRLX vs. VTINX - Expense Ratio Comparison

TRRLX has a 0.64% expense ratio, which is higher than VTINX's 0.08% expense ratio.

Dividends

TRRLX vs. VTINX - Dividend Comparison

TRRLX has not paid dividends to shareholders, while VTINX's dividend yield for the trailing twelve months is around 4.80%.

Position	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%
VTINX Vanguard Target Retirement Income Fund	4.80%	5.02%	5.89%	4.01%	3.08%	8.63%	3.42%	2.62%	4.19%	1.56%	2.27%	3.53%

Frequently Asked Questions

Can I hold both TRRLX and VTINX in my portfolio?

TRRLX and VTINX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRRLX or VTINX?

TRRLX has higher volatility (3.56%) compared to VTINX (1.77%). In terms of maximum drawdown, TRRLX dropped -32.52% vs VTINX's -19.96%.

Which has better risk-adjusted returns?

VTINX currently has the higher Sharpe Ratio (2.52 vs 1.81), 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.