TRRMX vs. FXAIX
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (TRRMX) and Fidelity 500 Index Fund (FXAIX).
TRRMX is an actively managed fund by T. Rowe Price. It was launched on Dec 29, 2006. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
TRRMX vs. FXAIX - Performance Comparison
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TRRMX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRMX T. Rowe Price Retirement 2050 Fund | -3.70% | 14.26% | 14.19% | 20.85% | -19.09% | 17.51% | 18.67% | 25.35% | -7.66% | 20.83% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, TRRMX achieves a -3.70% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, TRRMX has underperformed FXAIX with an annualized return of 9.78%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
TRRMX
- 1D
- -0.33%
- 1M
- -9.35%
- YTD
- -3.70%
- 6M
- -4.80%
- 1Y
- 9.86%
- 3Y*
- 12.60%
- 5Y*
- 6.39%
- 10Y*
- 9.78%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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TRRMX vs. FXAIX - Expense Ratio Comparison
TRRMX has a 0.62% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
TRRMX vs. FXAIX — Risk / Return Rank
TRRMX
FXAIX
TRRMX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (TRRMX) and Fidelity 500 Index Fund (FXAIX). 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.
| TRRMX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.84 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.30 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.05 | -0.44 |
Martin ratioReturn relative to average drawdown | 2.74 | 5.13 | -2.38 |
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
| TRRMX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.84 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.68 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.77 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.75 | -0.33 |
Correlation
The correlation between TRRMX and FXAIX is 0.94, 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
TRRMX vs. FXAIX - Dividend Comparison
TRRMX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
TRRMX vs. FXAIX - Drawdown Comparison
The maximum TRRMX drawdown since its inception was -53.59%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TRRMX and FXAIX.
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Drawdown Indicators
| TRRMX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -33.79% | -19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -12.13% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -24.50% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.79% | +1.28% |
Current DrawdownCurrent decline from peak | -9.74% | -8.89% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -3.83% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.50% | +0.41% |
Volatility
TRRMX vs. FXAIX - Volatility Comparison
T. Rowe Price Retirement 2050 Fund (TRRMX) has a higher volatility of 5.07% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that TRRMX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRMX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 4.24% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.08% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 18.13% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 16.88% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 18.03% | -2.60% |