- Issuer
- T. Rowe Price
- Inception Date
- Aug 28, 2015
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TRPIX Performance Chart
T. Rowe Price Value Fund Class I (TRPIX) is up 18.7% since the beginning of the year. TRPIX is currently trading at $57 per share. Investors who bought $1,000 worth of TRPIX shares 5 years ago would now be looking at an investment worth $1,639.
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Returns By Period
T. Rowe Price Value Fund Class I (TRPIX) has returned 18.73% so far this year and 26.95% over the past 12 months. Over the last ten years, TRPIX has returned 12.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
T. Rowe Price Value Fund Class I
- 1D
- 0.37%
- 1M
- 1.89%
- 6M
- 12.63%
- YTD
- 18.73%
- 1Y
- 26.95%
- 3Y*
- 16.88%
- 5Y*
- 10.38%
- 10Y*
- 12.07%
- ALL TIME*
- 11.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TRPIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 8, 2015, TRPIX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +12.9%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TRPIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.41% | 4.64% | -5.38% | 7.27% | -0.00% | 2.49% | 3.47% | 18.73% | |||||
| 2025 | 6.84% | -0.40% | -1.12% | -3.59% | 2.55% | 2.31% | -0.23% | 3.11% | 0.78% | -1.10% | 2.91% | 0.03% | 12.34% |
| 2024 | 1.32% | 4.82% | 5.27% | -2.74% | 2.90% | -1.09% | 3.46% | 3.07% | 0.24% | -1.21% | 6.08% | -7.13% | 15.14% |
| 2023 | 2.89% | -2.99% | -0.21% | 2.30% | -3.30% | 5.84% | 3.59% | -2.43% | -2.89% | -2.54% | 7.39% | 4.85% | 12.33% |
| 2022 | -4.68% | -1.14% | 3.20% | -6.45% | 0.65% | -6.78% | 4.81% | -2.72% | -8.17% | 9.21% | 4.92% | -3.10% | -11.25% |
| 2021 | 0.22% | 6.62% | 4.95% | 5.04% | 2.33% | -1.18% | 1.95% | 3.43% | -4.66% | 6.87% | -3.88% | 5.67% | 29.99% |
Benchmark Metrics
T. Rowe Price Value Fund Class I has an annualized alpha of 0.53%, beta of 0.88, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since September 08, 2015.
- This fund participated in 84.65% of S&P 500 Index downside but only 83.72% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.84, 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
- 0.53%
- Beta
- 0.88
- R²
- 0.84
- Upside Capture
- 83.72%
- Downside Capture
- 84.65%
Expense Ratio
TRPIX has an expense ratio of 0.57%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TRPIX ranks 89 for risk / return — above 89% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Value Fund Class I (TRPIX) 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.
| TRPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.00 | +1.61 |
| Martin ratioReturn relative to average drawdown | 14.56 | 8.49 | +6.07 |
Dividends
Dividend History
T. Rowe Price Value Fund Class I provided a 3.99% dividend yield over the last twelve months, with an annual payout of $2.26 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.26 | $2.26 | $3.81 | $1.31 | $3.98 | $5.29 | $1.06 | $0.70 | $3.45 | $2.20 | $1.09 | $2.76 |
Dividend yield | 3.99% | 4.73% | 8.58% | 3.13% | 10.36% | 11.09% | 2.58% | 1.85% | 11.29% | 5.89% | 3.24% | 8.83% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Value Fund Class I. 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 | $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 | $2.26 | $2.26 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.81 | $3.81 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $1.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.98 | $3.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.29 | $5.29 |
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 Value Fund Class I. 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 Value Fund Class I was 38.64%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current T. Rowe Price Value Fund Class I drawdown is 0.67%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.64%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 | COVID crash2020 |
-20.27%Sep 2022 | 8mo 28d | 1y 3mo | 2y 20dJan 2022 - Jan 2024 | Bear market2022 |
-19.50%Dec 2018 | 10mo 29d | 5mo 28d | 1y 4moJan 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-13.61%Feb 2016 | 2mo 11d | 2mo 8d | 4mo 19dDec 2015 - Apr 2016 | — |
-12.98%Apr 2025 | 4mo 7d | 2mo 26d | 7mo 3dDec 2024 - Jul 2025 | 2025 selloff2025 |
Drawdown Indicators
| TRPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -56.78% | +18.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -9.10% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -18.90% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -25.43% | +5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | -33.92% | -4.72% |
Current DrawdownCurrent decline from peak | -0.67% | -1.58% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -10.70% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.14% | -0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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