TRRNX vs. TBLLX
TRRNX (T. Rowe Price Retirement 2055 Fund) and TBLLX (T. Rowe Price Retirement Blend 2050 Fund) are both Target Retirement Date funds from T. Rowe Price. Over the past 5 years, TRRNX returned 8.15%/yr vs 9.77%/yr for TBLLX. Their 0.98 correlation means they have historically moved very closely together. TRRNX charges 0.63%/yr vs 0.43%/yr for TBLLX.
Performance
TRRNX vs. TBLLX - Performance Comparison
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Returns By Period
In the year-to-date period, TRRNX achieves a 12.45% return, which is significantly higher than TBLLX's 11.26% return.
TRRNX
- 1D
- 1.03%
- 1M
- 1.31%
- 6M
- 8.16%
- YTD
- 12.45%
- 1Y
- 17.51%
- 3Y*
- 15.89%
- 5Y*
- 8.15%
- 10Y*
- 10.85%
- ALL TIME*
- 8.23%
TBLLX
- 1D
- 0.21%
- 1M
- 0.14%
- 6M
- 7.02%
- YTD
- 11.26%
- 1Y
- 23.43%
- 3Y*
- 17.01%
- 5Y*
- 9.77%
- 10Y*
- —
- ALL TIME*
- 9.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRRNX vs. TBLLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 12.45% | 14.33% | 14.24% | 20.88% | -19.17% | 2.81% |
TBLLX T. Rowe Price Retirement Blend 2050 Fund | 11.26% | 20.35% | 15.04% | 21.21% | -18.10% | 4.24% |
Correlation
The correlation between TRRNX and TBLLX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021 | 0.98 |
The correlation between TRRNX and TBLLX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
TRRNX vs. TBLLX — Risk / Return Rank
TRRNX
TBLLX
TRRNX vs. TBLLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and T. Rowe Price Retirement Blend 2050 Fund (TBLLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRRNX | TBLLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.35 | -0.34 |
| Martin ratioReturn relative to average drawdown | 8.18 | 10.08 | -1.90 |
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Drawdowns
TRRNX vs. TBLLX - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -53.59%, which is greater than TBLLX's maximum drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for TRRNX and TBLLX.
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Drawdown Indicators
| TRRNX | TBLLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -26.50% | -27.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -9.43% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -16.11% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -26.50% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.90% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -6.40% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.20% | +0.20% |
Volatility
TRRNX vs. TBLLX - Volatility Comparison
T. Rowe Price Retirement 2055 Fund (TRRNX) and T. Rowe Price Retirement Blend 2050 Fund (TBLLX) have volatilities of 3.58% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRNX | TBLLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.56% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 10.91% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 13.15% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 15.53% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 15.53% | -0.01% |
TRRNX vs. TBLLX - Expense Ratio Comparison
TRRNX has a 0.63% expense ratio, which is higher than TBLLX's 0.43% expense ratio.
Dividends
TRRNX vs. TBLLX - Dividend Comparison
TRRNX has not paid dividends to shareholders, while TBLLX's dividend yield for the trailing twelve months is around 2.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLLX T. Rowe Price Retirement Blend 2050 Fund | 2.22% | 2.47% | 1.92% | 1.72% | 1.96% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRRNX T. Rowe Price Retirement 2055 Fund | 0.00% | 0.00% | 1.77% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 2.12% | 2.62% | 3.50% |
Frequently Asked Questions
With a correlation of 0.95, TRRNX and TBLLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRRNX has higher volatility (3.58%) compared to TBLLX (3.56%). In terms of maximum drawdown, TRRNX dropped -53.59% vs TBLLX's -26.50%.
TBLLX currently has the higher Sharpe Ratio (1.69 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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