TRSGX vs. RPBAX
Compare and contrast key facts about T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) and T. Rowe Price Balanced Fund (RPBAX).
TRSGX is managed by T. Rowe Price. It was launched on Jul 28, 1994. RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939.
Performance
TRSGX vs. RPBAX - Performance Comparison
Loading graphics...
TRSGX vs. RPBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSGX T. Rowe Price Spectrum Moderate Growth Allocation Fund | -0.80% | 17.00% | 12.40% | 18.04% | -19.70% | 14.03% | 16.66% | 24.69% | -6.02% | 20.56% |
RPBAX T. Rowe Price Balanced Fund | -1.30% | 16.06% | 11.71% | 18.01% | -17.28% | 13.29% | 14.54% | 20.75% | -4.89% | 12.58% |
Returns By Period
In the year-to-date period, TRSGX achieves a -0.80% return, which is significantly higher than RPBAX's -1.30% return. Over the past 10 years, TRSGX has outperformed RPBAX with an annualized return of 9.55%, while RPBAX has yielded a comparatively lower 8.20% annualized return.
TRSGX
- 1D
- 2.35%
- 1M
- -5.52%
- YTD
- -0.80%
- 6M
- 1.70%
- 1Y
- 15.18%
- 3Y*
- 13.42%
- 5Y*
- 5.90%
- 10Y*
- 9.55%
RPBAX
- 1D
- 1.98%
- 1M
- -4.56%
- YTD
- -1.30%
- 6M
- 0.84%
- 1Y
- 12.99%
- 3Y*
- 12.59%
- 5Y*
- 6.32%
- 10Y*
- 8.20%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TRSGX vs. RPBAX - Expense Ratio Comparison
TRSGX has a 0.61% expense ratio, which is higher than RPBAX's 0.57% expense ratio.
Return for Risk
TRSGX vs. RPBAX — Risk / Return Rank
TRSGX
RPBAX
TRSGX vs. RPBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) and T. Rowe Price Balanced Fund (RPBAX). 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.
| TRSGX | RPBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.21 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.75 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.52 | +0.07 |
Martin ratioReturn relative to average drawdown | 7.09 | 6.73 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TRSGX | RPBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.21 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.58 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.71 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.69 | -0.13 |
Correlation
The correlation between TRSGX and RPBAX is 0.98, 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.
Dividends
TRSGX vs. RPBAX - Dividend Comparison
TRSGX's dividend yield for the trailing twelve months is around 6.73%, less than RPBAX's 7.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSGX T. Rowe Price Spectrum Moderate Growth Allocation Fund | 6.73% | 6.68% | 6.48% | 1.84% | 7.61% | 9.36% | 2.60% | 3.51% | 7.11% | 3.57% | 2.20% | 6.79% |
RPBAX T. Rowe Price Balanced Fund | 7.49% | 7.30% | 7.28% | 3.80% | 5.03% | 9.33% | 4.59% | 3.41% | 8.42% | 1.69% | 2.96% | 7.32% |
Drawdowns
TRSGX vs. RPBAX - Drawdown Comparison
The maximum TRSGX drawdown since its inception was -51.79%, which is greater than RPBAX's maximum drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for TRSGX and RPBAX.
Loading graphics...
Drawdown Indicators
| TRSGX | RPBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -40.79% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -8.19% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.83% | -23.45% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -29.62% | -25.49% | -4.13% |
Current DrawdownCurrent decline from peak | -6.17% | -5.24% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -4.16% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.86% | +0.35% |
Volatility
TRSGX vs. RPBAX - Volatility Comparison
T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) has a higher volatility of 5.14% compared to T. Rowe Price Balanced Fund (RPBAX) at 4.31%. This indicates that TRSGX's price experiences larger fluctuations and is considered to be riskier than RPBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TRSGX | RPBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.31% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 6.40% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 11.16% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 10.93% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.80% | 11.60% | +2.20% |