TRRMX vs. IVV
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (TRRMX) and iShares Core S&P 500 ETF (IVV).
TRRMX is an actively managed fund by T. Rowe Price. It was launched on Dec 29, 2006. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
TRRMX vs. IVV - Performance Comparison
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TRRMX vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | -3.67% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
The year-to-date returns for both investments are quite close, with TRRMX having a -3.70% return and IVV slightly higher at -3.67%. Over the past 10 years, TRRMX has underperformed IVV with an annualized return of 9.78%, while IVV has yielded a comparatively higher 14.11% 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%
IVV
- 1D
- 0.74%
- 1M
- -4.30%
- YTD
- -3.67%
- 6M
- -1.44%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.92%
- 10Y*
- 14.11%
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TRRMX vs. IVV - Expense Ratio Comparison
TRRMX has a 0.62% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
TRRMX vs. IVV — Risk / Return Rank
TRRMX
IVV
TRRMX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (TRRMX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.00 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.52 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.54 | -0.93 |
Martin ratioReturn relative to average drawdown | 2.74 | 7.28 | -4.54 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.00 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.71 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.42 | 0.00 |
Correlation
The correlation between TRRMX and IVV is 0.95, 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. IVV - Dividend Comparison
TRRMX has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.22%.
| 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% |
IVV iShares Core S&P 500 ETF | 1.22% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
TRRMX vs. IVV - Drawdown Comparison
The maximum TRRMX drawdown since its inception was -53.59%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for TRRMX and IVV.
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Drawdown Indicators
| TRRMX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -55.25% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -12.06% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -24.53% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.90% | +1.39% |
Current DrawdownCurrent decline from peak | -9.74% | -5.57% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -10.84% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.55% | +0.36% |
Volatility
TRRMX vs. IVV - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2050 Fund (TRRMX) is 5.07%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.34%. This indicates that TRRMX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRMX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 5.34% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.47% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 18.31% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 16.89% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 18.03% | -2.60% |