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:
1.45
SPY:
1.95
TRRNX:
1.99
SPY:
2.60
TRRNX:
1.26
SPY:
1.36
TRRNX:
0.98
SPY:
2.98
TRRNX:
7.80
SPY:
12.42
TRRNX:
2.12%
SPY:
2.02%
TRRNX:
11.39%
SPY:
12.88%
TRRNX:
-55.03%
SPY:
-55.19%
TRRNX:
-2.29%
SPY:
-1.30%
Returns By Period
In the year-to-date period, TRRNX achieves a 3.32% return, which is significantly higher than SPY's 2.68% return. Over the past 10 years, TRRNX has underperformed SPY with an annualized return of 5.78%, while SPY has yielded a comparatively higher 13.67% annualized return.
TRRNX
3.32%
3.11%
4.61%
15.90%
6.51%
5.78%
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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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.
Dividends
TRRNX vs. SPY - Dividend Comparison
TRRNX's dividend yield for the trailing twelve months is around 1.26%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 1.26% | 1.30% | 1.28% | 1.20% | 0.65% | 0.71% | 1.57% | 1.42% | 1.28% | 1.37% | 1.34% | 1.28% |
SPY SPDR S&P 500 ETF | 1.17% | 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.
Volatility
TRRNX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2055 Fund (TRRNX) is 3.29%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.23%. 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.