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.
Performance
TRRNX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, TRRNX achieves a 17.61% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, TRRNX has underperformed SPY with an annualized return of 9.20%, while SPY has yielded a comparatively higher 13.14% annualized return.
TRRNX
17.61%
1.76%
7.59%
24.36%
10.68%
9.20%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| TRRNX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.69 |
| Sortino Ratio | 2.98 | 3.59 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 2.45 | 3.88 |
| Martin Ratio | 14.04 | 17.47 |
| Ulcer Index | 1.74% | 1.87% |
| Daily Std Dev | 11.19% | 12.14% |
| Max Drawdown | -53.59% | -55.19% |
| Current Drawdown | -0.67% | -0.54% |
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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.
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.
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 1.08%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 1.08% | 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 3.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. 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.