- ISIN
- US77954P1084
- CUSIP
- 77954P108
- Issuer
- T. Rowe Price
- Inception Date
- Nov 30, 1994
- Category
- Large Cap Blend Equities
- Min. Investment
- $2,500
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PRCOX Performance Chart
T. Rowe Price U.S. Equity Research Fund (PRCOX) is up 10.9% since the beginning of the year. PRCOX is currently trading at $75 per share. Investors who bought $1,000 worth of PRCOX shares 5 years ago would now be looking at an investment worth $1,977.
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Returns By Period
T. Rowe Price U.S. Equity Research Fund (PRCOX) has returned 10.90% so far this year and 27.39% over the past 12 months. Looking at the last ten years, PRCOX has achieved an annualized return of 16.17%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
T. Rowe Price U.S. Equity Research Fund
- 1D
- 1.26%
- 1M
- 0.77%
- YTD
- 10.90%
- 6M
- 10.38%
- 1Y
- 27.39%
- 3Y*
- 21.68%
- 5Y*
- 14.61%
- 10Y*
- 16.17%
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%
PRCOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1995, PRCOX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Aug 1998 at -18.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRCOX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.3%, 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 | 1.62% | -0.57% | -5.39% | 11.01% | 5.16% | -0.63% | 10.90% | ||||||
| 2025 | 2.80% | -1.65% | -5.92% | -0.54% | 6.20% | 4.94% | 2.21% | 1.71% | 3.42% | 2.52% | 0.06% | 0.05% | 16.34% |
| 2024 | 2.28% | 5.80% | 3.12% | -3.91% | 5.15% | 3.83% | 0.64% | 2.33% | 1.96% | -0.80% | 5.85% | -2.06% | 26.41% |
| 2023 | 6.67% | -2.30% | 3.78% | 2.19% | 1.12% | 6.36% | 3.41% | -1.28% | -4.63% | -2.00% | 9.36% | 4.67% | 29.82% |
| 2022 | -4.97% | -2.89% | 3.21% | -9.22% | -0.08% | -7.93% | 9.59% | -4.26% | -9.09% | 7.69% | 5.47% | -5.78% | -18.80% |
| 2021 | -1.66% | 2.86% | 4.31% | 5.74% | 0.68% | 2.14% | 2.33% | 3.02% | -4.46% | 6.82% | -0.88% | 4.68% | 28.06% |
Benchmark Metrics
T. Rowe Price U.S. Equity Research Fund has an annualized alpha of 1.43%, beta of 0.97, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.
- This fund captured 103.78% of S&P 500 Index gains but only 98.34% of its losses - a favorable profile for investors.
- With beta of 0.97 and R2 of 0.95, 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
- 1.43%
- Beta
- 0.97
- R²
- 0.95
- Upside Capture
- 103.78%
- Downside Capture
- 98.34%
Expense Ratio
PRCOX has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRCOX ranks 64 for risk / return — better than 64% 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 (PRCOX) 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.
| PRCOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.78 | +0.14 |
| Martin ratioReturn relative to average drawdown | 13.25 | 12.44 | +0.81 |
Dividends
Dividend History
T. Rowe Price U.S. Equity Research Fund provided a 1.06% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.79 | $0.37 | $0.54 | $0.47 | $1.68 | $0.38 | $0.43 | $1.32 | $1.83 | $1.64 | $1.92 |
Dividend yield | 1.06% | 1.17% | 0.64% | 1.17% | 1.28% | 3.71% | 1.04% | 1.39% | 5.60% | 7.02% | 7.28% | 8.76% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. Equity Research 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 | $0.79 | $0.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.68 |
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. 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 was 53.96%, occurring on Mar 9, 2009. Recovery took 764 trading sessions.
The current T. Rowe Price U.S. Equity Research Fund drawdown is 1.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.96%Mar 2009 | 1y 4mo | 3y 11d | 4y 5moOct 2007 - Mar 2012 |
Dot-com crash2000–2002 | -47.06%Oct 2002 | 2y 1mo | 3y 12mo | 6y 1moSep 2000 - Oct 2006 |
COVID crash2020 | -34.42%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
1998 bear market1998 | -29.92%Oct 1998 | 2mo 20d | 9mo 11d | 12mo 1dJul 1998 - Jul 1999 |
Bear market2022 | -24.94%Oct 2022 | 9mo 11d | 1y 1mo | 1y 11moJan 2022 - Nov 2023 |
Drawdown Indicators
| PRCOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -56.78% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -9.10% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -18.90% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -25.43% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.42% | -33.92% | -0.50% |
Current DrawdownCurrent decline from peak | -1.05% | -1.80% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -10.71% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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