See what your fund actually adds

T. Rowe Price Retirement Income 2020 Fund Investor Class TRLAX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

TRLAX compared with its replication portfolio
MeasureTRLAXReplication
Annualized growth5.0%4.9%
Annualized volatility8.7%7.5%
Sharpe ratio0.600.67
Maximum drawdown20.6%19.3%
Replication fit (R²)0.92 · Tracking error 2.5%

Replication portfolio

The published portfolio below is the investable basket used to model TRLAX’s historical return behavior.

TRLAX replication basket weights
TickerBuilding blockWeight
AGGFI · Aggregate34.5%
SCHPFI · TIPS18.8%
VUGStyle · Growth18.4%
SPHYFI · High Yield14.6%
EFVIntl · Value13.7%