TTMIX vs. TRRJX
TTMIX (T. Rowe Price Total Return Fund Class I) and TRRJX (T. Rowe Price Retirement 2035 Fund) are both mutual funds - TTMIX is a Global Allocation fund managed by T. Rowe Price, while TRRJX is a Target Retirement Date fund actively managed by T. Rowe Price. Over the past 10 years, TTMIX returned 13.53%/yr vs 9.49%/yr for TRRJX. Their correlation of 0.81 means they have usually moved in the same direction. TTMIX charges 0.37%/yr vs 0.58%/yr for TRRJX.
Performance
TTMIX vs. TRRJX - Performance Comparison
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Returns By Period
In the year-to-date period, TTMIX achieves a -3.09% return, which is significantly lower than TRRJX's 9.62% return. Over the past 10 years, TTMIX has outperformed TRRJX with an annualized return of 13.53%, while TRRJX has yielded a comparatively lower 9.49% annualized return.
TTMIX
- 1D
- 2.69%
- 1M
- -2.19%
- 6M
- 0.02%
- YTD
- -3.09%
- 1Y
- -5.84%
- 3Y*
- 16.67%
- 5Y*
- 2.70%
- 10Y*
- 13.53%
- ALL TIME*
- 14.17%
TRRJX
- 1D
- 0.83%
- 1M
- 0.83%
- 6M
- 6.26%
- YTD
- 9.62%
- 1Y
- 12.36%
- 3Y*
- 12.92%
- 5Y*
- 6.28%
- 10Y*
- 9.49%
- ALL TIME*
- 8.02%
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 |
TTMIX vs. TRRJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTMIX T. Rowe Price Total Return Fund Class I | -3.09% | 6.97% | 38.33% | 39.41% | -40.85% | 9.92% | 53.86% | 35.84% | -1.73% | 33.14% |
TRRJX T. Rowe Price Retirement 2035 Fund | 9.62% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 20.89% |
Correlation
The correlation between TTMIX and TRRJX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016 | 0.81 |
The correlation between TTMIX and TRRJX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
TTMIX vs. TRRJX — Risk / Return Rank
TTMIX
TRRJX
TTMIX vs. TRRJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) and T. Rowe Price Retirement 2035 Fund (TRRJX). 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.
| TTMIX | TRRJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.75 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.46 | 6.59 | -7.05 |
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Drawdowns
TTMIX vs. TRRJX - Drawdown Comparison
The maximum TTMIX drawdown since its inception was -47.11%, smaller than the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for TTMIX and TRRJX.
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Drawdown Indicators
| TTMIX | TRRJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.11% | -53.57% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -8.06% | -9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -12.52% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -47.11% | -25.85% | -21.26% |
Max Drawdown (10Y)Largest decline over 10 years | -47.11% | -30.14% | -16.97% |
Current DrawdownCurrent decline from peak | -10.71% | 0.00% | -10.71% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -6.60% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.11% | +5.96% |
Volatility
TTMIX vs. TRRJX - Volatility Comparison
T. Rowe Price Total Return Fund Class I (TTMIX) has a higher volatility of 6.37% compared to T. Rowe Price Retirement 2035 Fund (TRRJX) at 2.86%. This indicates that TTMIX's price experiences larger fluctuations and is considered to be riskier than TRRJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTMIX | TRRJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 2.86% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 8.85% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 11.22% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 12.93% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 13.48% | +7.36% |
TTMIX vs. TRRJX - Expense Ratio Comparison
TTMIX has a 0.37% expense ratio, which is lower than TRRJX's 0.58% expense ratio.
Dividends
TTMIX vs. TRRJX - Dividend Comparison
TTMIX's dividend yield for the trailing twelve months is around 26.08%, while TRRJX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
TTMIX T. Rowe Price Total Return Fund Class I | 26.08% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% | 0.00% |
Frequently Asked Questions
TTMIX and TRRJX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTMIX has higher volatility (6.37%) compared to TRRJX (2.86%). In terms of maximum drawdown, TTMIX dropped -47.11% vs TRRJX's -53.57%.
TRRJX currently has the higher Sharpe Ratio (1.26 vs -0.23), 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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