- ISIN
- US74149R2067
- Issuer
- T. Rowe Price
- Inception Date
- Jun 26, 2009
- Category
- Large Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PAULX Performance Chart
T. Rowe Price U.S. Large-Cap Core Fund (PAULX) is up 9.0% since the beginning of the year. PAULX is currently trading at $47 per share. Investors who bought $1,000 worth of PAULX shares 5 years ago would now be looking at an investment worth $1,733.
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Returns By Period
T. Rowe Price U.S. Large-Cap Core Fund (PAULX) has returned 8.96% so far this year and 20.06% over the past 12 months. Over the last ten years, PAULX has had an annualized return of 13.25%, just under the S&P 500 Index benchmark’s 13.66%.
T. Rowe Price U.S. Large-Cap Core Fund
- 1D
- 0.34%
- 1M
- 3.41%
- YTD
- 8.96%
- 6M
- 8.59%
- 1Y
- 20.06%
- 3Y*
- 19.40%
- 5Y*
- 11.62%
- 10Y*
- 13.25%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PAULX Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2009, PAULX's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was Oct 2011 with a return of +11.4%, while the worst month was Mar 2020 at -12.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PAULX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.18% | 1.49% | -5.44% | 9.52% | 1.96% | 0.49% | 8.96% | ||||||
| 2025 | 2.55% | -1.51% | -4.52% | -0.50% | 5.49% | 3.95% | 1.41% | 1.50% | 2.55% | 1.03% | 0.74% | -0.53% | 12.43% |
| 2024 | 2.78% | 6.08% | 3.91% | -3.17% | 5.11% | 2.58% | 0.09% | 2.37% | 0.60% | -1.24% | 5.82% | -3.79% | 22.59% |
| 2023 | 3.46% | -2.55% | 3.19% | 1.45% | 0.03% | 5.70% | 3.13% | -0.80% | -3.99% | -0.62% | 8.20% | 3.71% | 22.23% |
| 2022 | -5.82% | -2.84% | 3.20% | -8.23% | -0.16% | -5.44% | 8.61% | -4.70% | -8.16% | 7.66% | 6.25% | -4.94% | -15.42% |
| 2021 | -1.92% | 2.69% | 4.66% | 6.03% | 0.85% | 1.30% | 3.08% | 2.57% | -5.59% | 6.15% | -1.56% | 5.11% | 25.18% |
Benchmark Metrics
T. Rowe Price U.S. Large-Cap Core Fund has an annualized alpha of 1.41%, beta of 0.93, and R2 of 0.97 versus S&P 500 Index. Calculated based on daily prices since June 29, 2009.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (96.27%) than losses (91.55%) - typical of diversified or defensive assets.
- With beta of 0.93 and R2 of 0.97, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.41%
- Beta
- 0.93
- R²
- 0.97
- Upside Capture
- 96.27%
- Downside Capture
- 91.55%
Expense Ratio
PAULX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PAULX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price U.S. Large-Cap Core Fund (PAULX) and compare them to S&P 500 Index.
| PAULX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.93 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.83 | 13.52 | -2.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
T. Rowe Price U.S. Large-Cap Core Fund provided a 6.79% dividend yield over the last twelve months, with an annual payout of $3.19 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.19 | $3.19 | $2.60 | $0.06 | $1.18 | $2.46 | $0.18 | $0.86 | $1.61 | $0.50 | $0.12 | $1.00 |
Dividend yield | 6.79% | 7.40% | 6.30% | 0.16% | 4.05% | 6.85% | 0.59% | 3.21% | 7.52% | 2.10% | 0.59% | 5.25% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. Large-Cap Core Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.19 | $3.19 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.60 | $2.60 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.46 | $2.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price U.S. Large-Cap Core Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price U.S. Large-Cap Core Fund was 33.69%, occurring on Mar 23, 2020. Recovery took 109 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.69%Mar 2020 | 1mo 9d | 5mo 6d | 6mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -23.11%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
2011 correction2011 | -19.78%Oct 2011 | 5mo 4d | 4mo 16d | 9mo 20dMay 2011 - Feb 2012 |
2025 selloff2025 | -17.33%Apr 2025 | 4mo 4d | 2mo 20d | 6mo 24dDec 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -17.16%Dec 2018 | 3mo 1d | 3mo 11d | 6mo 12dSep 2018 - Apr 2019 |
Drawdown Indicators
| PAULX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -56.78% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -9.10% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -18.90% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.11% | -25.43% | +2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.92% | +0.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -10.72% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.97% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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