T. Rowe Price Capital Appreciation Fund (PRWCX)
Fund Info
US77954M1053
77954M105
Jun 30, 1986
$2,500
Large-Cap
Growth
Expense Ratio
PRWCX has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Capital Appreciation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Capital Appreciation Fund had a return of 0.20% year-to-date (YTD) and 7.50% in the last 12 months. Over the past 10 years, T. Rowe Price Capital Appreciation Fund had an annualized return of 10.19%, which was very close to the S&P 500 benchmark's annualized return of 10.57%.
PRWCX
0.20%
-1.73%
0.41%
7.50%
14.19%
10.19%
^GSPC (Benchmark)
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
Monthly Returns
The table below presents the monthly returns of PRWCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.26% | -1.26% | -1.95% | 0.23% | 0.20% | ||||||||
| 2024 | 0.41% | 2.82% | 1.86% | -2.58% | 2.39% | 2.08% | 2.29% | 1.18% | 1.94% | -1.49% | 3.42% | -2.26% | 12.50% |
| 2023 | 5.11% | -1.95% | 3.23% | 1.30% | -0.37% | 3.67% | 2.09% | -0.41% | -3.03% | -2.30% | 6.43% | 4.17% | 18.85% |
| 2022 | -3.92% | -0.79% | 1.82% | -6.69% | 0.57% | -5.91% | 8.37% | -3.58% | -6.77% | 3.99% | 4.86% | -3.31% | -12.00% |
| 2021 | -1.93% | 2.27% | 3.77% | 4.59% | 0.19% | 0.81% | 2.21% | 1.85% | -2.31% | 4.67% | -1.68% | 2.94% | 18.45% |
| 2020 | 2.02% | -4.90% | -9.28% | 9.68% | 3.62% | 0.10% | 5.12% | 2.10% | -1.34% | 0.51% | 8.27% | 2.38% | 18.13% |
| 2019 | 7.09% | 2.46% | 1.99% | 2.42% | -2.14% | 4.67% | 0.61% | -0.35% | 0.32% | 1.15% | 2.43% | 1.85% | 24.62% |
| 2018 | 3.64% | -2.76% | -0.35% | 0.32% | 0.81% | 0.97% | 2.34% | 2.39% | -0.07% | -3.98% | 2.26% | -4.57% | 0.63% |
| 2017 | 1.79% | 2.74% | 0.73% | 1.45% | 1.64% | 0.49% | 0.70% | 0.94% | 1.00% | 1.02% | 1.86% | 0.03% | 15.34% |
| 2016 | -2.83% | 0.29% | 4.71% | 1.13% | 2.01% | -0.08% | 2.32% | 0.11% | 0.30% | -1.40% | 0.71% | 0.83% | 8.20% |
| 2015 | -0.69% | 3.85% | 0.07% | -0.33% | 1.93% | -1.09% | 2.44% | -3.60% | -1.53% | 5.65% | 0.29% | -1.34% | 5.42% |
| 2014 | -0.94% | 3.46% | 0.34% | 0.68% | 2.03% | 1.25% | -1.31% | 2.70% | -1.22% | 2.80% | 2.05% | -0.20% | 12.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, PRWCX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Capital Appreciation Fund provided a 2.32% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.72 | $0.47 | $0.35 | $0.40 | $0.48 | $0.67 | $0.37 | $0.41 | $0.38 | $0.37 |
Dividend yield | 2.32% | 2.33% | 2.11% | 1.57% | 0.95% | 1.17% | 1.54% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Capital Appreciation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 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 | $0.35 | $0.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2017 | $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 |
| 2016 | $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 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2014 | $0.37 | $0.37 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Capital Appreciation 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 Capital Appreciation Fund was 41.77%, occurring on Nov 20, 2008. Recovery took 347 trading sessions.
The current T. Rowe Price Capital Appreciation Fund drawdown is 3.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.77% | Jul 16, 2007 | 343 | Nov 20, 2008 | 347 | Apr 12, 2010 | 690 |
| -26.86% | Feb 18, 2020 | 25 | Mar 23, 2020 | 53 | Jun 8, 2020 | 78 |
| -24.28% | Dec 26, 1989 | 211 | Oct 16, 1990 | 196 | Jul 17, 1991 | 407 |
| -17.17% | Aug 24, 1987 | 75 | Dec 4, 1987 | 129 | Jun 2, 1988 | 204 |
| -17.07% | Dec 30, 2021 | 198 | Oct 12, 2022 | 195 | Jul 25, 2023 | 393 |
Volatility
Volatility Chart
The current T. Rowe Price Capital Appreciation Fund volatility is 2.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.