- ISIN
- US7795571071
- CUSIP
- 779557107
- Issuer
- T. Rowe Price
- Inception Date
- Sep 30, 1985
- Category
- Large Cap Growth Equities
- Min. Investment
- $2,500
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRWAX Performance Chart
T. Rowe Price All-Cap Opportunities Fund (PRWAX) is up 0.7% since the beginning of the year. PRWAX is currently trading at $80 per share. Investors who bought $1,000 worth of PRWAX shares 5 years ago would now be looking at an investment worth $1,598.
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Returns By Period
T. Rowe Price All-Cap Opportunities Fund (PRWAX) has returned 0.66% so far this year and 14.17% over the past 12 months. Looking at the last ten years, PRWAX has achieved an annualized return of 17.60%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
T. Rowe Price All-Cap Opportunities Fund
- 1D
- 1.44%
- 1M
- 1.82%
- YTD
- 0.66%
- 6M
- -0.19%
- 1Y
- 14.17%
- 3Y*
- 17.66%
- 5Y*
- 9.83%
- 10Y*
- 17.60%
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%
PRWAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1986, PRWAX's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +15.8%, while the worst month was Oct 1987 at -26.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRWAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.4%, while the worst single day was Oct 22, 1987 at -16.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.92% | -2.64% | -6.27% | 8.69% | 2.31% | 0.13% | 0.66% | ||||||
| 2025 | 4.15% | -2.56% | -5.90% | 0.48% | 5.61% | 5.77% | 1.59% | 2.14% | 3.82% | 1.34% | -0.19% | -0.36% | 16.37% |
| 2024 | 2.91% | 6.98% | 3.07% | -4.31% | 4.84% | 4.18% | -0.55% | 2.65% | 1.61% | -1.18% | 6.34% | -3.11% | 25.24% |
| 2023 | 6.06% | -2.04% | 3.08% | 2.13% | 1.33% | 6.41% | 4.23% | -0.94% | -4.27% | -1.43% | 8.07% | 3.90% | 29.02% |
| 2022 | -6.99% | -1.23% | 2.14% | -10.24% | -1.27% | -7.75% | 8.90% | -4.56% | -7.84% | 8.33% | 4.45% | -5.43% | -21.37% |
| 2021 | -1.39% | 5.22% | 0.25% | 6.71% | -0.41% | 3.65% | 2.23% | 1.79% | -4.39% | 4.76% | -1.26% | 2.29% | 20.63% |
Benchmark Metrics
T. Rowe Price All-Cap Opportunities Fund has an annualized alpha of 2.97%, beta of 0.95, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 02, 1986.
- This fund captured 116.68% of S&P 500 Index gains and 105.81% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.97% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.95 and R2 of 0.79, 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
- 2.97%
- Beta
- 0.95
- R²
- 0.79
- Upside Capture
- 116.68%
- Downside Capture
- 105.81%
Expense Ratio
PRWAX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRWAX ranks 13 for risk / return — in the bottom 13% 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 (PRWAX) 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.
| PRWAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.78 | -1.79 |
| Martin ratioReturn relative to average drawdown | 3.45 | 12.44 | -8.99 |
Dividends
Dividend History
T. Rowe Price All-Cap Opportunities Fund provided a 8.29% dividend yield over the last twelve months, with an annual payout of $6.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.60 | $6.60 | $6.78 | $3.26 | $1.62 | $14.00 | $10.55 | $3.84 | $5.47 | $5.91 | $2.48 | $3.71 |
Dividend yield | 8.29% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price All-Cap Opportunities 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 | $6.60 | $6.60 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.78 | $6.78 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.26 | $3.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $14.00 | $14.00 |
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. 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 was 55.06%, occurring on Oct 7, 2002. Recovery took 1171 trading sessions.
The current T. Rowe Price All-Cap Opportunities Fund drawdown is 1.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -55.06%Oct 2002 | 2y 1mo | 4y 8mo | 6y 9moSep 2000 - Jun 2007 |
Financial crisis2007–2009 | -53.01%Nov 2008 | 1y 1mo | 2y 12d | 3y 1moOct 2007 - Dec 2010 |
Black Monday1987 | -38.18%Oct 1987 | 2mo 3d | 1y 5mo | 1y 7moAug 1987 - Apr 1989 |
1998 bear market1998 | -35.61%Oct 1998 | 2mo 20d | 6mo 16d | 9mo 6dJul 1998 - Apr 1999 |
1990 bear market1990 | -31.09%Oct 1990 | 2mo 26d | 5mo 16d | 8mo 12dJul 1990 - Mar 1991 |
Drawdown Indicators
| PRWAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -56.78% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -9.10% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -18.90% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -25.43% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -33.92% | +3.42% |
Current DrawdownCurrent decline from peak | -1.32% | -1.80% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -10.71% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.03% | +2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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