TRRNX vs. PRWCX
TRRNX (T. Rowe Price Retirement 2055 Fund) and PRWCX (T. Rowe Price Capital Appreciation Fund) are both mutual funds - TRRNX is a Target Retirement Date fund actively managed by T. Rowe Price, while PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price. Both are actively managed. Over the past 10 years, TRRNX returned 10.87%/yr vs 11.16%/yr for PRWCX. Their correlation of 0.92 means they have usually moved in the same direction. TRRNX charges 0.63%/yr vs 0.68%/yr for PRWCX.
Performance
TRRNX vs. PRWCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRRNX achieves a 11.30% return, which is significantly higher than PRWCX's 6.66% return. Both investments have delivered pretty close results over the past 10 years, with TRRNX having a 10.87% annualized return and PRWCX not far ahead at 11.16%.
TRRNX
- 1D
- 0.32%
- 1M
- 0.28%
- 6M
- 6.93%
- YTD
- 11.30%
- 1Y
- 18.00%
- 3Y*
- 14.75%
- 5Y*
- 7.99%
- 10Y*
- 10.87%
- ALL TIME*
- 8.17%
PRWCX
- 1D
- 0.69%
- 1M
- 0.13%
- 6M
- 6.15%
- YTD
- 6.66%
- 1Y
- 11.23%
- 3Y*
- 12.24%
- 5Y*
- 8.27%
- 10Y*
- 11.16%
- ALL TIME*
- 11.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRRNX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 11.30% | 14.33% | 14.24% | 20.88% | -19.17% | 17.42% | 18.54% | 25.40% | -7.70% | 20.78% |
PRWCX T. Rowe Price Capital Appreciation Fund | 6.66% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Correlation
The correlation between TRRNX and PRWCX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.92 |
The correlation between TRRNX and PRWCX shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRRNX vs. PRWCX — Risk / Return Rank
TRRNX
PRWCX
TRRNX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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 | PRWCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.63 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.08 | 6.67 | +0.42 |
Loading charts...
Drawdowns
TRRNX vs. PRWCX - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -53.59%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TRRNX and PRWCX.
Loading charts...
Drawdown Indicators
| TRRNX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -41.77% | -11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -6.32% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -15.96% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -17.07% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -26.86% | -5.68% |
Current DrawdownCurrent decline from peak | -0.67% | -0.78% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -3.32% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.54% | +0.86% |
Volatility
TRRNX vs. PRWCX - Volatility Comparison
T. Rowe Price Retirement 2055 Fund (TRRNX) has a higher volatility of 3.45% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.08%. This indicates that TRRNX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRRNX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 2.08% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 6.60% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 7.94% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 12.78% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 12.72% | +2.80% |
TRRNX vs. PRWCX - Expense Ratio Comparison
TRRNX has a 0.63% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Dividends
TRRNX vs. PRWCX - Dividend Comparison
TRRNX has not paid dividends to shareholders, while PRWCX's dividend yield for the trailing twelve months is around 8.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 8.26% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
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 PRWCX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRRNX has higher volatility (3.45%) compared to PRWCX (2.08%). In terms of maximum drawdown, TRRNX dropped -53.59% vs PRWCX's -41.77%.
PRWCX currently has the higher Sharpe Ratio (1.30 vs 1.26), 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.
Find the right allocation for TRRNX and PRWCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer