TRRMX vs. VOO
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (TRRMX) and Vanguard S&P 500 ETF (VOO).
TRRMX is an actively managed fund by T. Rowe Price. It was launched on Dec 29, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
TRRMX vs. VOO - Performance Comparison
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TRRMX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRMX T. Rowe Price Retirement 2050 Fund | -1.02% | 14.26% | 14.19% | 20.85% | -19.09% | 17.51% | 18.67% | 25.35% | -7.66% | 20.83% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, TRRMX achieves a -1.02% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, TRRMX has underperformed VOO with an annualized return of 10.08%, while VOO has yielded a comparatively higher 14.14% annualized return.
TRRMX
- 1D
- 2.78%
- 1M
- -6.46%
- YTD
- -1.02%
- 6M
- -2.37%
- 1Y
- 12.62%
- 3Y*
- 13.63%
- 5Y*
- 6.68%
- 10Y*
- 10.08%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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TRRMX vs. VOO - Expense Ratio Comparison
TRRMX has a 0.62% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
TRRMX vs. VOO — Risk / Return Rank
TRRMX
VOO
TRRMX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (TRRMX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.01 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.53 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.55 | -0.68 |
Martin ratioReturn relative to average drawdown | 3.87 | 7.31 | -3.44 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.01 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.71 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.79 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.83 | -0.40 |
Correlation
The correlation between TRRMX and VOO 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. VOO - Dividend Comparison
TRRMX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.18%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
TRRMX vs. VOO - Drawdown Comparison
The maximum TRRMX drawdown since its inception was -53.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TRRMX and VOO.
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Drawdown Indicators
| TRRMX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -33.99% | -19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -11.98% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.95% | -24.52% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.99% | +1.48% |
Current DrawdownCurrent decline from peak | -7.23% | -5.55% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -3.72% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.55% | +0.39% |
Volatility
TRRMX vs. VOO - Volatility Comparison
T. Rowe Price Retirement 2050 Fund (TRRMX) has a higher volatility of 6.00% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that TRRMX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRMX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.34% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 9.47% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 18.11% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 16.82% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 17.99% | -2.54% |