TRTGX vs. VSPGX

Last updated Jun 4, 2026

TRTGX (T. Rowe Price Target 2060 Fund) and VSPGX (Vanguard S&P 500 Growth Index Fund Institutional Shares) are both mutual funds - TRTGX is a Target Retirement Date fund managed by T. Rowe Price, while VSPGX is a Large Cap Growth Equities fund managed by Vanguard. Over the past 5 years, TRTGX returned 9.02%/yr vs 16.55%/yr for VSPGX. Their correlation of 0.86 suggests significant overlap in exposure. TRTGX charges 0.90%/yr vs 0.08%/yr for VSPGX.

Performance

TRTGX vs. VSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Target 2060 Fund (TRTGX) and Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRTGX achieves a 11.76% return, which is significantly lower than VSPGX's 14.87% return.

TRTGX

• 1D: 0.49%
• 1M: 4.69%
• YTD: 11.76%
• 6M: 12.42%
• 1Y: 26.07%
• 3Y*: 18.58%
• 5Y*: 9.02%
• 10Y*: 11.21%

VSPGX

• 1D: -0.16%
• 1M: 8.46%
• YTD: 14.87%
• 6M: 14.68%
• 1Y: 35.30%
• 3Y*: 28.49%
• 5Y*: 16.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRTGX vs. VSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRTGX T. Rowe Price Target 2060 Fund	11.76%	18.65%	14.02%	20.48%	-19.56%	17.04%	16.62%	25.06%	-7.86%	17.39%
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares	14.87%	21.91%	35.48%	30.38%	-29.46%	31.88%	33.34%	31.06%	-0.05%	23.40%

Correlation

The correlation between TRTGX and VSPGX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.86

The correlation between TRTGX and VSPGX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

TRTGX vs. VSPGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRTGX

TRTGX Risk / Return Rank: 57
TRTGX Sharpe Ratio Rank: 57
TRTGX Sortino Ratio Rank: 55
TRTGX Omega Ratio Rank: 56
TRTGX Calmar Ratio Rank: 53
TRTGX Martin Ratio Rank: 62

VSPGX

VSPGX Risk / Return Rank: 53
VSPGX Sharpe Ratio Rank: 60
VSPGX Sortino Ratio Rank: 53
VSPGX Omega Ratio Rank: 50
VSPGX Calmar Ratio Rank: 49
VSPGX Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRTGX vs. VSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2060 Fund (TRTGX) and Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX). 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.

	TRTGX	VSPGX	Difference
Sharpe ratio Return per unit of total volatility	2.22	2.28	-0.06
Sortino ratio Return per unit of downside risk	3.12	3.05	+0.07
Omega ratio Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio Return relative to maximum drawdown	2.79	2.66	+0.14
Martin ratio Return relative to average drawdown	12.19	11.05	+1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRTGX vs. VSPGX - Sharpe Ratio Comparison

The current TRTGX Sharpe Ratio is 2.22, which is comparable to the VSPGX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TRTGX and VSPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRTGX	VSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.28	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.78	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.88	-0.26

Drawdowns

TRTGX vs. VSPGX - Drawdown Comparison

The maximum TRTGX drawdown since its inception was -32.56%, roughly equal to the maximum VSPGX drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for TRTGX and VSPGX.

Drawdown Indicators

	TRTGX	VSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.56%	-32.73%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-13.68%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	-16.06%	-22.34%	+6.28%
Max Drawdown (5Y) Largest decline over 5 years	-28.34%	-32.73%	+4.39%
Max Drawdown (10Y) Largest decline over 10 years	-32.56%	—	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-5.29%	-6.78%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.28%	-1.07%

Volatility

TRTGX vs. VSPGX - Volatility Comparison

The current volatility for T. Rowe Price Target 2060 Fund (TRTGX) is 3.60%, while Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) has a volatility of 4.20%. This indicates that TRTGX experiences smaller price fluctuations and is considered to be less risky than VSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRTGX	VSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.20%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	12.45%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	15.94%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	21.27%	-5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	21.35%	-5.78%

TRTGX vs. VSPGX - Expense Ratio Comparison

TRTGX has a 0.90% expense ratio, which is higher than VSPGX's 0.08% expense ratio.

Dividends

TRTGX vs. VSPGX - Dividend Comparison

TRTGX's dividend yield for the trailing twelve months is around 3.75%, more than VSPGX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRTGX T. Rowe Price Target 2060 Fund	3.75%	4.19%	2.23%	2.72%	4.90%	3.23%	0.78%	4.03%	5.44%	2.90%	2.54%	2.63%
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares	0.45%	0.38%	0.50%	1.14%	0.95%	0.55%	0.89%	0.68%	0.31%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRTGX and VSPGX in my portfolio?

TRTGX and VSPGX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTGX or VSPGX?

VSPGX has higher volatility (4.20%) compared to TRTGX (3.60%). In terms of maximum drawdown, TRTGX dropped -32.56% vs VSPGX's -32.73%.

Which has better risk-adjusted returns?

VSPGX currently has the higher Sharpe Ratio (2.28 vs 2.22), 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.