- ISIN
- US87282F1021
- CUSIP
- 87282F102
- Issuer
- T. Rowe Price
- Inception Date
- Nov 29, 2016
- Category
- Large Cap Blend Equities
- Min. Investment
- $500,000
- Index Tracked
- S&P 500 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PCCOX Performance Chart
T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) is up 11.0% since the beginning of the year. PCCOX is currently trading at $75 per share. Investors who bought $1,000 worth of PCCOX shares 5 years ago would now be looking at an investment worth $1,989.
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Returns By Period
T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) has returned 10.97% so far this year and 27.54% over the past 12 months.
T. Rowe Price U.S. Equity Research Fund I Class
- 1D
- 1.26%
- 1M
- 0.80%
- YTD
- 10.97%
- 6M
- 10.44%
- 1Y
- 27.54%
- 3Y*
- 21.82%
- 5Y*
- 14.74%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PCCOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, PCCOX's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Mar 2020 at -13.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PCCOX closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.63% | -0.57% | -5.38% | 11.04% | 5.16% | -0.61% | 10.97% | ||||||
| 2025 | 2.84% | -1.64% | -5.91% | -0.54% | 6.21% | 4.94% | 2.23% | 1.73% | 3.41% | 2.53% | 0.07% | 0.06% | 16.49% |
| 2024 | 2.30% | 5.81% | 3.11% | -3.90% | 5.18% | 3.82% | 0.64% | 2.37% | 1.96% | -0.80% | 5.88% | -2.06% | 26.56% |
| 2023 | 6.69% | -2.30% | 3.78% | 2.19% | 1.15% | 6.38% | 3.40% | -1.28% | -4.63% | -2.00% | 9.39% | 4.65% | 29.93% |
| 2022 | -4.95% | -2.88% | 3.21% | -9.21% | -0.05% | -7.92% | 9.58% | -4.23% | -9.10% | 7.71% | 5.49% | -5.78% | -18.71% |
| 2021 | -1.66% | 2.86% | 4.31% | 5.76% | 0.68% | 2.16% | 2.35% | 2.99% | -4.44% | 6.81% | -0.86% | 4.68% | 28.17% |
Benchmark Metrics
T. Rowe Price U.S. Equity Research Fund I Class has an annualized alpha of 1.94%, beta of 1.01, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund captured 106.09% of S&P 500 Index gains but only 97.26% of its losses - a favorable profile for investors.
- With beta of 1.01 and R2 of 0.98, 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
- 1.94%
- Beta
- 1.01
- R²
- 0.98
- Upside Capture
- 106.09%
- Downside Capture
- 97.26%
Expense Ratio
PCCOX has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCCOX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) and compare them to S&P 500 Index.
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.
| PCCOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.78 | +0.17 |
| Martin ratioReturn relative to average drawdown | 13.39 | 12.44 | +0.95 |
Dividends
Dividend History
T. Rowe Price U.S. Equity Research Fund I Class provided a 1.11% dividend yield over the last twelve months, with an annual payout of $0.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.83 | $0.41 | $0.57 | $0.50 | $1.71 | $0.41 | $0.45 | $1.36 | $1.87 |
Dividend yield | 1.11% | 1.23% | 0.71% | 1.22% | 1.38% | 3.78% | 1.12% | 1.45% | 5.77% | 7.18% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. Equity Research Fund I Class. 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 | $0.83 | $0.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $1.71 |
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. Equity Research Fund I Class. 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. Equity Research Fund I Class was 34.42%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.
The current T. Rowe Price U.S. Equity Research Fund I Class drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.42%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -24.90%Oct 2022 | 9mo 11d | 1y 1mo | 1y 10moJan 2022 - Nov 2023 |
Rate-hike selloffLate 2018 | -19.69%Dec 2018 | 3mo 1d | 3mo 12d | 6mo 13dSep 2018 - Apr 2019 |
2025 selloff2025 | -19.37%Apr 2025 | 2mo 11d | 2mo 20d | 5mo 1dJan 2025 - Jun 2025 |
2020 pullback2020 | -9.83%Sep 2020 | 20d | 1mo 19d | 2mo 9dSep 2020 - Nov 2020 |
Drawdown Indicators
| PCCOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -56.78% | +22.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -9.10% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.37% | -18.90% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -25.43% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.80% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -10.71% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.03% | +0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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