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TRRNX vs. FDSVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRRNX vs. FDSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity Growth Discovery Fund (FDSVX). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.59%
0.44%
TRRNX
FDSVX

Returns By Period

In the year-to-date period, TRRNX achieves a 17.61% return, which is significantly lower than FDSVX's 19.03% return. Over the past 10 years, TRRNX has underperformed FDSVX with an annualized return of 9.20%, while FDSVX has yielded a comparatively higher 10.45% annualized return.


TRRNX

YTD

17.61%

1M

1.76%

6M

7.59%

1Y

24.36%

5Y (annualized)

10.68%

10Y (annualized)

9.20%

FDSVX

YTD

19.03%

1M

1.36%

6M

0.44%

1Y

24.56%

5Y (annualized)

11.05%

10Y (annualized)

10.45%

Key characteristics


TRRNXFDSVX
Sharpe Ratio2.181.36
Sortino Ratio2.981.74
Omega Ratio1.391.27
Calmar Ratio2.451.51
Martin Ratio14.044.02
Ulcer Index1.74%6.10%
Daily Std Dev11.19%18.01%
Max Drawdown-53.59%-59.34%
Current Drawdown-0.67%-6.93%

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TRRNX vs. FDSVX - Expense Ratio Comparison

TRRNX has a 0.65% expense ratio, which is lower than FDSVX's 0.77% expense ratio.


FDSVX
Fidelity Growth Discovery Fund
Expense ratio chart for FDSVX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%
Expense ratio chart for TRRNX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%

Correlation

-0.50.00.51.00.9

The correlation between TRRNX and FDSVX is 0.91, 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.

Risk-Adjusted Performance

TRRNX vs. FDSVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity Growth Discovery Fund (FDSVX). 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.


Sharpe ratio
The chart of Sharpe ratio for TRRNX, currently valued at 2.18, compared to the broader market-1.000.001.002.003.004.005.002.181.36
The chart of Sortino ratio for TRRNX, currently valued at 2.98, compared to the broader market0.005.0010.002.981.74
The chart of Omega ratio for TRRNX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.27
The chart of Calmar ratio for TRRNX, currently valued at 2.45, compared to the broader market0.005.0010.0015.0020.002.451.51
The chart of Martin ratio for TRRNX, currently valued at 14.04, compared to the broader market0.0020.0040.0060.0080.00100.0014.044.02
TRRNX
FDSVX

The current TRRNX Sharpe Ratio is 2.18, which is higher than the FDSVX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of TRRNX and FDSVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.18
1.36
TRRNX
FDSVX

Dividends

TRRNX vs. FDSVX - Dividend Comparison

TRRNX's dividend yield for the trailing twelve months is around 1.08%, more than FDSVX's 0.02% yield.


TTM20232022202120202019201820172016201520142013
TRRNX
T. Rowe Price Retirement 2055 Fund
1.08%1.28%1.20%0.65%0.71%1.57%1.42%1.28%1.37%1.34%1.28%1.08%
FDSVX
Fidelity Growth Discovery Fund
0.02%0.05%0.02%0.24%0.03%0.05%0.20%0.15%0.09%0.12%0.10%0.24%

Drawdowns

TRRNX vs. FDSVX - Drawdown Comparison

The maximum TRRNX drawdown since its inception was -53.59%, smaller than the maximum FDSVX drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for TRRNX and FDSVX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.67%
-6.93%
TRRNX
FDSVX

Volatility

TRRNX vs. FDSVX - Volatility Comparison

The current volatility for T. Rowe Price Retirement 2055 Fund (TRRNX) is 3.00%, while Fidelity Growth Discovery Fund (FDSVX) has a volatility of 4.62%. This indicates that TRRNX experiences smaller price fluctuations and is considered to be less risky than FDSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
3.00%
4.62%
TRRNX
FDSVX