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.
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
Key characteristics
TRRNX:
1.32
SPY:
2.29
TRRNX:
1.82
SPY:
3.04
TRRNX:
1.24
SPY:
1.43
TRRNX:
1.96
SPY:
3.40
TRRNX:
7.91
SPY:
15.01
TRRNX:
1.88%
SPY:
1.90%
TRRNX:
11.31%
SPY:
12.46%
TRRNX:
-53.59%
SPY:
-55.19%
TRRNX:
-4.58%
SPY:
-0.74%
Returns By Period
In the year-to-date period, TRRNX achieves a 14.11% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, TRRNX has underperformed SPY with an annualized return of 8.93%, while SPY has yielded a comparatively higher 13.16% annualized return.
TRRNX
14.11%
-2.98%
3.59%
14.89%
9.17%
8.93%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 0.00% | 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 | 1.18% | 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 3.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.97%. 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.