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T. Rowe Price California Tax Free Bond Fund (PRXCX...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US77954J1025

CUSIP

77954J102

Issuer

T. Rowe Price

Inception Date

Sep 14, 1986

Min. Investment

$2,500

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
PRXCX vs. SWCAX PRXCX vs. PRFHX PRXCX vs. CGEO.L PRXCX vs. PBDIX PRXCX vs. VSBIX PRXCX vs. GUSTX PRXCX vs. SCHO PRXCX vs. SWRSX PRXCX vs. VTEB PRXCX vs. BCHYX
Popular comparisons:
PRXCX vs. SWCAX PRXCX vs. PRFHX PRXCX vs. CGEO.L PRXCX vs. PBDIX PRXCX vs. VSBIX PRXCX vs. GUSTX PRXCX vs. SCHO PRXCX vs. SWRSX PRXCX vs. VTEB PRXCX vs. BCHYX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in T. Rowe Price California Tax Free Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.55%
12.33%
PRXCX (T. Rowe Price California Tax Free Bond Fund)
Benchmark (^GSPC)

Returns By Period

T. Rowe Price California Tax Free Bond Fund had a return of 2.93% year-to-date (YTD) and 7.85% in the last 12 months. Over the past 10 years, T. Rowe Price California Tax Free Bond Fund had an annualized return of 2.51%, while the S&P 500 had an annualized return of 11.13%, indicating that T. Rowe Price California Tax Free Bond Fund did not perform as well as the benchmark.


PRXCX

YTD

2.93%

1M

0.00%

6M

3.26%

1Y

7.85%

5Y (annualized)

1.43%

10Y (annualized)

2.51%

^GSPC (Benchmark)

YTD

24.05%

1M

1.08%

6M

11.50%

1Y

30.38%

5Y (annualized)

13.77%

10Y (annualized)

11.13%

Monthly Returns

The table below presents the monthly returns of PRXCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.20%0.16%0.09%-0.93%0.20%1.85%0.74%0.66%1.07%-1.18%2.93%
20233.01%-2.18%1.80%0.05%-0.67%1.03%0.25%-1.05%-2.68%-1.99%6.91%2.83%7.12%
2022-2.50%-0.59%-2.92%-3.11%1.06%-2.27%2.98%-2.07%-3.99%-1.23%5.45%-0.20%-9.36%
20210.79%-1.39%0.56%1.16%0.54%0.46%0.88%-0.38%-0.80%-0.04%0.87%-0.28%2.36%
20201.61%1.31%-4.59%-2.30%2.93%1.54%1.72%-0.38%0.14%0.07%1.67%0.75%4.31%
20190.61%0.42%1.59%0.34%1.49%0.40%0.77%1.63%-0.62%0.07%0.16%0.24%7.31%
2018-1.05%-0.35%0.44%-0.45%1.24%0.08%0.16%0.28%-0.74%-0.72%0.82%1.06%0.74%
20170.42%0.62%0.28%0.69%1.58%-0.07%0.51%0.87%-0.33%0.16%-0.26%0.96%5.54%
20161.19%0.03%0.61%0.88%0.43%1.87%-0.24%0.26%-0.47%-1.27%-4.26%1.17%0.07%
20151.84%-1.08%0.36%-0.66%-0.22%-0.23%0.83%0.36%0.55%0.47%0.63%1.00%3.89%
20142.46%1.23%0.50%1.31%1.55%0.13%0.22%1.44%0.56%0.66%0.10%0.73%11.43%
20130.75%0.40%-0.46%1.18%-1.32%-3.63%-1.32%-1.33%2.50%0.97%-0.22%-0.14%-2.74%

Expense Ratio

PRXCX features an expense ratio of 0.53%, falling within the medium range.


Expense ratio chart for PRXCX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PRXCX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of PRXCX is 6666
Combined Rank
The Sharpe Ratio Rank of PRXCX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of PRXCX is 7474
Sortino Ratio Rank
The Omega Ratio Rank of PRXCX is 8484
Omega Ratio Rank
The Calmar Ratio Rank of PRXCX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of PRXCX is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price California Tax Free Bond Fund (PRXCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for PRXCX, currently valued at 2.17, compared to the broader market-1.000.001.002.003.004.005.002.172.46
The chart of Sortino ratio for PRXCX, currently valued at 3.22, compared to the broader market0.005.0010.003.223.31
The chart of Omega ratio for PRXCX, currently valued at 1.51, compared to the broader market1.002.003.004.001.511.46
The chart of Calmar ratio for PRXCX, currently valued at 1.02, compared to the broader market0.005.0010.0015.0020.0025.001.023.55
The chart of Martin ratio for PRXCX, currently valued at 10.27, compared to the broader market0.0020.0040.0060.0080.00100.0010.2715.76
PRXCX
^GSPC

The current T. Rowe Price California Tax Free Bond Fund Sharpe ratio is 2.17. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of T. Rowe Price California Tax Free Bond Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.17
2.46
PRXCX (T. Rowe Price California Tax Free Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

T. Rowe Price California Tax Free Bond Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.35 per share.


2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.4020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.35$0.33$0.30$0.30$0.33$0.34$0.35$0.36$0.38$0.40$0.42$0.43

Dividend yield

3.21%3.04%2.83%2.51%2.73%2.93%3.11%3.09%3.34%3.43%3.60%3.95%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price California Tax Free Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.29
2023$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.02$0.03$0.03$0.30
2021$0.02$0.02$0.03$0.03$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.30
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.04$0.40
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.42
2013$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.08%
-1.40%
PRXCX (T. Rowe Price California Tax Free Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price California Tax Free Bond 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 California Tax Free Bond Fund was 19.48%, occurring on Oct 19, 1987. Recovery took 327 trading sessions.

The current T. Rowe Price California Tax Free Bond Fund drawdown is 1.08%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.48%Mar 12, 1987158Oct 19, 1987327Jan 18, 1989485
-15.06%Aug 6, 2021308Oct 25, 2022483Sep 27, 2024791
-12.06%Jan 24, 2008185Oct 16, 2008147May 19, 2009332
-10.88%Mar 10, 20209Mar 20, 2020170Nov 19, 2020179
-10.54%Feb 1, 1994210Nov 21, 199496Apr 4, 1995306

Volatility

Volatility Chart

The current T. Rowe Price California Tax Free Bond Fund volatility is 1.87%, 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.87%
4.07%
PRXCX (T. Rowe Price California Tax Free Bond Fund)
Benchmark (^GSPC)