TRULX vs. SPY
Compare and contrast key facts about T. Rowe Price US Large-Cap Core (TRULX) and State Street SPDR S&P 500 ETF (SPY).
TRULX is an actively managed fund by T. Rowe Price. It was launched on Jun 26, 2009. 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.
Performance
TRULX vs. SPY - Performance Comparison
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TRULX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRULX T. Rowe Price US Large-Cap Core | -2.81% | 21.53% | 22.97% | 22.61% | -15.14% | 25.57% | 15.57% | 29.51% | -3.38% | 19.85% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, TRULX achieves a -2.81% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, TRULX has underperformed SPY with an annualized return of 13.34%, while SPY has yielded a comparatively higher 14.06% annualized return.
TRULX
- 1D
- 2.59%
- 1M
- -5.46%
- YTD
- -2.81%
- 6M
- 6.28%
- 1Y
- 21.85%
- 3Y*
- 19.60%
- 5Y*
- 12.23%
- 10Y*
- 13.34%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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TRULX vs. SPY - Expense Ratio Comparison
TRULX has a 0.64% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
TRULX vs. SPY — Risk / Return Rank
TRULX
SPY
TRULX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Large-Cap Core (TRULX) and State Street 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.
| TRULX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.96 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.49 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.53 | +0.54 |
Martin ratioReturn relative to average drawdown | 9.70 | 7.27 | +2.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRULX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.96 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.70 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.56 | +0.30 |
Correlation
The correlation between TRULX and SPY is 0.97, 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
TRULX vs. SPY - Dividend Comparison
TRULX's dividend yield for the trailing twelve months is around 15.48%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRULX T. Rowe Price US Large-Cap Core | 15.48% | 15.04% | 6.66% | 0.45% | 4.27% | 7.28% | 0.85% | 3.55% | 7.89% | 2.10% | 0.94% | 5.23% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
TRULX vs. SPY - Drawdown Comparison
The maximum TRULX drawdown since its inception was -33.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRULX and SPY.
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Drawdown Indicators
| TRULX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.68% | -55.19% | +21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -12.05% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -24.50% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -33.72% | +0.04% |
Current DrawdownCurrent decline from peak | -6.20% | -5.53% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -9.09% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.54% | -0.14% |
Volatility
TRULX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price US Large-Cap Core (TRULX) is 4.99%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that TRULX 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.
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Volatility by Period
| TRULX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 5.35% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 9.50% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 19.06% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 17.06% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 17.92% | -0.82% |