TRRNX vs. ITDF

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Retirement 2055 Fund (TRRNX) and Ishares Lifepath Target Date 2050 ETF (ITDF).

TRRNX is managed by T. Rowe Price. It was launched on Dec 28, 2006. ITDF is an actively managed fund by iShares. It was launched on Oct 17, 2023.

Performance

TRRNX vs. ITDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2055 Fund (TRRNX) and Ishares Lifepath Target Date 2050 ETF (ITDF). The values are adjusted to include any dividend payments, if applicable.

TRRNX vs. ITDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRRNX T. Rowe Price Retirement 2055 Fund	-3.74%	14.33%	14.24%	11.92%
ITDF Ishares Lifepath Target Date 2050 ETF	-1.48%	20.86%	16.15%	12.92%

Returns By Period

In the year-to-date period, TRRNX achieves a -3.74% return, which is significantly lower than ITDF's -1.48% return.

TRRNX

• 1D: -0.36%
• 1M: -9.47%
• YTD: -3.74%
• 6M: -4.87%
• 1Y: 9.89%
• 3Y*: 12.65%
• 5Y*: 6.37%
• 10Y*: 9.76%

ITDF

• 1D: 2.81%
• 1M: -6.25%
• YTD: -1.48%
• 6M: 1.38%
• 1Y: 20.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRRNX vs. ITDF - Expense Ratio Comparison

TRRNX has a 0.65% expense ratio, which is higher than ITDF's 0.11% expense ratio.

TRRNX

T. Rowe Price Retirement 2055 Fund

ITDF

Ishares Lifepath Target Date 2050 ETF

Return for Risk

TRRNX vs. ITDF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRRNX

TRRNX Risk / Return Rank: 25
TRRNX Sharpe Ratio Rank: 26
TRRNX Sortino Ratio Rank: 26
TRRNX Omega Ratio Rank: 28
TRRNX Calmar Ratio Rank: 21
TRRNX Martin Ratio Rank: 26

ITDF

ITDF Risk / Return Rank: 73
ITDF Sharpe Ratio Rank: 71
ITDF Sortino Ratio Rank: 74
ITDF Omega Ratio Rank: 74
ITDF Calmar Ratio Rank: 71
ITDF Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRRNX vs. ITDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and Ishares Lifepath Target Date 2050 ETF (ITDF). 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.

	TRRNX	ITDF	Difference
Sharpe ratio Return per unit of total volatility	0.62	1.24	-0.62
Sortino ratio Return per unit of downside risk	0.97	1.83	-0.86
Omega ratio Gain probability vs. loss probability	1.14	1.27	-0.13
Calmar ratio Return relative to maximum drawdown	0.61	1.77	-1.16
Martin ratio Return relative to average drawdown	2.72	8.13	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRRNX vs. ITDF - Sharpe Ratio Comparison

The current TRRNX Sharpe Ratio is 0.62, which is lower than the ITDF Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of TRRNX and ITDF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRRNX	ITDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	1.24	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.45	-1.03

Correlation

The correlation between TRRNX and ITDF 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

TRRNX vs. ITDF - Dividend Comparison

TRRNX has not paid dividends to shareholders, while ITDF's dividend yield for the trailing twelve months is around 1.67%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ITDF Ishares Lifepath Target Date 2050 ETF	1.67%	1.65%	1.55%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TRRNX vs. ITDF - Drawdown Comparison

The maximum TRRNX drawdown since its inception was -53.59%, which is greater than ITDF's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for TRRNX and ITDF.

Drawdown Indicators

	TRRNX	ITDF	Difference
Max Drawdown Largest peak-to-trough decline	-53.59%	-15.67%	-37.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-11.43%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-28.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.54%	—	—
Current Drawdown Current decline from peak	-9.84%	-6.77%	-3.07%
Average Drawdown Average peak-to-trough decline	-7.63%	-1.54%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.49%	+0.44%

Volatility

TRRNX vs. ITDF - Volatility Comparison

The current volatility for T. Rowe Price Retirement 2055 Fund (TRRNX) is 5.11%, while Ishares Lifepath Target Date 2050 ETF (ITDF) has a volatility of 6.03%. This indicates that TRRNX experiences smaller price fluctuations and is considered to be less risky than ITDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRRNX	ITDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	6.03%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	9.34%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	16.23%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	13.89%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	13.89%	+1.60%