- ISIN
- US7795573051
- CUSIP
- 779557305
- Issuer
- T. Rowe Price
- Inception Date
- Dec 17, 2015
- Category
- Large Cap Growth Equities
- Min. Investment
- $500,000
- Index Tracked
- Russell 3000 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PNAIX Performance Chart
T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) is up 0.7% since the beginning of the year. PNAIX is currently trading at $80 per share. Investors who bought $1,000 worth of PNAIX shares 5 years ago would now be looking at an investment worth $1,610.
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Returns By Period
T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) has returned 0.73% so far this year and 14.34% over the past 12 months. Looking at the last ten years, PNAIX has achieved an annualized return of 15.75%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
T. Rowe Price All-Cap Opportunities Fund I Class
- 1D
- 1.44%
- 1M
- 1.83%
- YTD
- 0.73%
- 6M
- -0.11%
- 1Y
- 14.34%
- 3Y*
- 17.82%
- 5Y*
- 9.99%
- 10Y*
- 15.75%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PNAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, PNAIX's average daily return is +0.06%, while the average monthly return is +1.27%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +15.8%, while the worst month was Mar 2020 at -10.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PNAIX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, 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 | -0.91% | -2.63% | -6.26% | 8.72% | 2.32% | 0.13% | 0.73% | ||||||
| 2025 | 4.15% | -2.53% | -5.90% | 0.50% | 5.63% | 5.80% | 1.60% | 2.15% | 3.83% | 1.34% | -0.16% | -0.36% | 16.53% |
| 2024 | 2.93% | 6.98% | 3.08% | -4.29% | 4.84% | 4.19% | -0.54% | 2.66% | 1.63% | -1.17% | 6.35% | -3.09% | 25.43% |
| 2023 | 6.07% | -2.03% | 3.10% | 2.13% | 1.35% | 6.42% | 4.23% | -0.92% | -4.27% | -1.41% | 8.08% | 3.91% | 29.18% |
| 2022 | -6.96% | -1.23% | 2.15% | -10.24% | -1.25% | -7.73% | 8.89% | -4.54% | -7.84% | 8.34% | 4.47% | -5.42% | -21.25% |
| 2021 | -1.38% | 5.24% | 0.25% | 6.72% | -0.41% | 3.67% | 2.26% | 1.80% | -4.39% | 4.77% | -1.26% | 2.30% | 20.76% |
Benchmark Metrics
T. Rowe Price All-Cap Opportunities Fund I Class has an annualized alpha of 1.33%, beta of 1.00, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.95%) than losses (93.91%) - typical of diversified or defensive assets.
- With beta of 1.00 and R2 of 0.88, 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
- 1.33%
- Beta
- 1.00
- R²
- 0.88
- Upside Capture
- 99.95%
- Downside Capture
- 93.91%
Expense Ratio
PNAIX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PNAIX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) 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.
| PNAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.78 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.52 | 12.44 | -8.92 |
Dividends
Dividend History
T. Rowe Price All-Cap Opportunities Fund I Class provided a 8.47% dividend yield over the last twelve months, with an annual payout of $6.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.74 | $6.74 | $6.89 | $3.34 | $1.73 | $14.08 | $10.63 | $4.07 | $5.54 | $0.14 |
Dividend yield | 8.47% | 8.53% | 9.37% | 5.23% | 3.31% | 20.62% | 15.56% | 7.43% | 12.75% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price All-Cap Opportunities 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 | $6.74 | $6.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.89 | $6.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.34 | $3.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.73 | $1.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $14.08 | $14.08 |
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 All-Cap Opportunities 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 All-Cap Opportunities Fund I Class was 30.49%, occurring on Mar 23, 2020. Recovery took 50 trading sessions.
The current T. Rowe Price All-Cap Opportunities Fund I Class drawdown is 1.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.49%Mar 2020 | 1mo 2d | 2mo 12d | 3mo 14dFeb 2020 - Jun 2020 |
Bear market2022 | -29.29%Oct 2022 | 11mo 1d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -20.43%Dec 2018 | 2mo 23d | 2mo 27d | 5mo 20dOct 2018 - Mar 2019 |
2025 selloff2025 | -19.05%Apr 2025 | 2mo 11d | 2mo 19d | 5moJan 2025 - Jun 2025 |
2016 correction2016 | -15.22%Feb 2016 | 1mo 4d | 3mo 19d | 4mo 23dJan 2016 - May 2016 |
Drawdown Indicators
| PNAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -56.78% | +26.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -9.10% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -18.90% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -25.43% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | -33.92% | +3.43% |
Current DrawdownCurrent decline from peak | -1.22% | -1.80% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -10.71% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.03% | +1.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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