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
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Key characteristics
TRRNX:
0.54
SPY:
0.69
TRRNX:
0.93
SPY:
1.17
TRRNX:
1.13
SPY:
1.18
TRRNX:
0.62
SPY:
0.80
TRRNX:
2.65
SPY:
3.08
TRRNX:
3.66%
SPY:
4.88%
TRRNX:
16.57%
SPY:
20.26%
TRRNX:
-55.03%
SPY:
-55.19%
TRRNX:
-0.67%
SPY:
-2.76%
Returns By Period
In the year-to-date period, TRRNX achieves a 5.03% return, which is significantly higher than SPY's 1.69% return. Over the past 10 years, TRRNX has underperformed SPY with an annualized return of 5.16%, while SPY has yielded a comparatively higher 12.78% annualized return.
TRRNX
5.03%
9.83%
3.43%
8.57%
9.05%
5.16%
SPY
1.69%
12.88%
2.09%
13.66%
16.78%
12.78%
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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 Rank
TRRNX
SPY
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.
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Dividends
TRRNX vs. SPY - Dividend Comparison
TRRNX's dividend yield for the trailing twelve months is around 1.68%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 1.68% | 1.77% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 3.40% | 3.99% | 4.84% | 3.16% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRRNX vs. SPY - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -55.03%, 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.
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Volatility
TRRNX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2055 Fund (TRRNX) is 3.97%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. 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.
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