TRRMX vs. FCQTX
TRRMX (T. Rowe Price Retirement 2050 Fund) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, TRRMX returned 7.90%/yr vs 9.17%/yr for FCQTX. Their 0.95 correlation means they have historically moved very closely together. TRRMX charges 0.62%/yr vs 0.01%/yr for FCQTX.
Performance
TRRMX vs. FCQTX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRRMX achieves a 10.81% return, which is significantly higher than FCQTX's 8.57% return.
TRRMX
- 1D
- 1.78%
- 1M
- 0.00%
- 6M
- 5.92%
- YTD
- 10.81%
- 1Y
- 17.43%
- 3Y*
- 14.38%
- 5Y*
- 7.90%
- 10Y*
- 10.76%
- ALL TIME*
- 8.09%
FCQTX
- 1D
- 1.86%
- 1M
- -1.70%
- 6M
- 5.59%
- YTD
- 8.57%
- 1Y
- 18.86%
- 3Y*
- 16.62%
- 5Y*
- 9.17%
- 10Y*
- —
- ALL TIME*
- 15.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRRMX vs. FCQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRRMX T. Rowe Price Retirement 2050 Fund | 10.81% | 14.26% | 14.19% | 20.85% | -19.09% | 17.51% | 46.03% |
FCQTX American Funds 2065 Target Date Retirement Fund | 8.57% | 20.74% | 15.64% | 21.56% | -19.63% | 17.34% | 47.06% |
Correlation
The correlation between TRRMX and FCQTX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020 | 0.95 |
The correlation between TRRMX and FCQTX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRRMX vs. FCQTX — Risk / Return Rank
TRRMX
FCQTX
TRRMX vs. FCQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (TRRMX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.
| TRRMX | FCQTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.74 | -0.10 |
| Martin ratioReturn relative to average drawdown | 6.65 | 7.47 | -0.81 |
Loading charts...
Drawdowns
TRRMX vs. FCQTX - Drawdown Comparison
The maximum TRRMX drawdown since its inception was -53.59%, which is greater than FCQTX's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for TRRMX and FCQTX.
Loading charts...
Drawdown Indicators
| TRRMX | FCQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -27.34% | -26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -9.83% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -15.53% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -27.34% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -2.62% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -5.78% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.29% | +0.09% |
Volatility
TRRMX vs. FCQTX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2050 Fund (TRRMX) is 3.49%, while American Funds 2065 Target Date Retirement Fund (FCQTX) has a volatility of 3.88%. This indicates that TRRMX experiences smaller price fluctuations and is considered to be less risky than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRRMX | FCQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.88% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 11.05% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.42% | 13.34% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 14.93% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 15.09% | +0.36% |
TRRMX vs. FCQTX - Expense Ratio Comparison
TRRMX has a 0.62% expense ratio, which is higher than FCQTX's 0.01% expense ratio.
Dividends
TRRMX vs. FCQTX - Dividend Comparison
TRRMX has not paid dividends to shareholders, while FCQTX's dividend yield for the trailing twelve months is around 4.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCQTX American Funds 2065 Target Date Retirement Fund | 4.30% | 4.67% | 2.80% | 1.99% | 3.96% | 1.54% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRRMX T. Rowe Price Retirement 2050 Fund | 0.00% | 0.00% | 1.88% | 4.45% | 7.81% | 6.91% | 4.33% | 5.75% | 8.56% | 2.32% | 3.08% | 3.96% |
Frequently Asked Questions
With a correlation of 0.92, TRRMX and FCQTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCQTX has higher volatility (3.88%) compared to TRRMX (3.49%). In terms of maximum drawdown, TRRMX dropped -53.59% vs FCQTX's -27.34%.
FCQTX currently has the higher Sharpe Ratio (1.28 vs 1.19), 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.
Find the right allocation for TRRMX and FCQTX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer