TRRNX vs. FXAIX
TRRNX (T. Rowe Price Retirement 2055 Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - TRRNX is a Target Retirement Date fund managed by T. Rowe Price, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TRRNX returned 11.21%/yr vs 15.58%/yr for FXAIX. Their correlation of 0.94 suggests significant overlap in exposure. TRRNX charges 0.65%/yr vs 0.02%/yr for FXAIX.
Performance
TRRNX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, TRRNX achieves a 11.35% return, which is significantly higher than FXAIX's 10.19% return. Over the past 10 years, TRRNX has underperformed FXAIX with an annualized return of 11.21%, while FXAIX has yielded a comparatively higher 15.58% annualized return.
TRRNX
- 1D
- 1.16%
- 1M
- 1.32%
- YTD
- 11.35%
- 6M
- 11.10%
- 1Y
- 21.21%
- 3Y*
- 16.10%
- 5Y*
- 8.53%
- 10Y*
- 11.21%
FXAIX
- 1D
- 1.09%
- 1M
- 0.47%
- YTD
- 10.19%
- 6M
- 9.68%
- 1Y
- 27.18%
- 3Y*
- 20.98%
- 5Y*
- 14.10%
- 10Y*
- 15.58%
TRRNX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 11.35% | 14.33% | 14.24% | 20.88% | -19.17% | 17.42% | 18.54% | 25.40% | -7.70% | 20.78% |
FXAIX Fidelity 500 Index Fund | 10.19% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between TRRNX and FXAIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.94 |
The correlation between TRRNX and FXAIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
TRRNX vs. FXAIX — Risk / Return Rank
TRRNX
FXAIX
TRRNX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) 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.
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.
| TRRNX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.04 | -0.86 |
| Martin ratioReturn relative to average drawdown | 8.96 | 13.75 | -4.79 |
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Drawdowns
TRRNX vs. FXAIX - Drawdown Comparison
The maximum TRRNX 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 TRRNX and FXAIX.
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Drawdown Indicators
| TRRNX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -33.79% | -19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -8.89% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -18.76% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -24.50% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -33.79% | +1.25% |
Current DrawdownCurrent decline from peak | -0.47% | -1.36% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -3.79% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.96% | +0.41% |
Volatility
TRRNX vs. FXAIX - Volatility Comparison
T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.92% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRNX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.77% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 9.91% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 12.47% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 17.01% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 18.11% | -2.51% |
TRRNX vs. FXAIX - Expense Ratio Comparison
TRRNX has a 0.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
TRRNX vs. FXAIX - Dividend Comparison
TRRNX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.04% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
TRRNX T. Rowe Price Retirement 2055 Fund | 0.00% | 0.00% | 1.77% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 2.12% | 2.62% | 3.50% |
Frequently Asked Questions
TRRNX and FXAIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRRNX has higher volatility (4.92%) compared to FXAIX (4.77%). In terms of maximum drawdown, TRRNX dropped -53.59% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.17 vs 1.62), 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.
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