TRRNX vs. SPY
Compare and contrast key facts about T. Rowe Price Retirement 2055 Fund (TRRNX) and SPDR S&P 500 ETF (SPY).
TRRNX is managed by T. Rowe Price. It was launched on Dec 28, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRNX or SPY.
Key characteristics
| TRRNX | SPY | |
|---|---|---|
| YTD Return | 17.27% | 26.83% |
| 1Y Return | 25.59% | 34.88% |
| 3Y Return (Ann) | 3.94% | 10.16% |
| 5Y Return (Ann) | 10.61% | 15.71% |
| 10Y Return (Ann) | 9.31% | 13.33% |
| Sharpe Ratio | 2.51 | 3.08 |
| Sortino Ratio | 3.44 | 4.10 |
| Omega Ratio | 1.46 | 1.58 |
| Calmar Ratio | 2.55 | 4.46 |
| Martin Ratio | 16.56 | 20.22 |
| Ulcer Index | 1.71% | 1.85% |
| Daily Std Dev | 11.32% | 12.18% |
| Max Drawdown | -53.59% | -55.19% |
| Current Drawdown | -0.95% | -0.26% |
Correlation
The correlation between TRRNX and SPY 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.
Performance
TRRNX vs. SPY - Performance Comparison
In the year-to-date period, TRRNX achieves a 17.27% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, TRRNX has underperformed SPY with an annualized return of 9.31%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRRNX vs. SPY - Expense Ratio Comparison
TRRNX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRRNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TRRNX vs. SPY - Dividend Comparison
TRRNX's dividend yield for the trailing twelve months is around 1.09%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 1.09% | 1.28% | 1.20% | 0.65% | 0.71% | 1.57% | 1.42% | 1.28% | 1.37% | 1.34% | 1.28% | 1.08% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TRRNX vs. SPY - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -53.59%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRRNX and SPY. For additional features, visit the drawdowns tool.
Volatility
TRRNX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2055 Fund (TRRNX) is 2.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.77%. This indicates that TRRNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.