APGAX vs. PRWAX
APGAX (AB Large Cap Growth Fund Class A) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both Large Cap Growth Equities funds. Over the past 10 years, APGAX returned 15.32%/yr vs 16.77%/yr for PRWAX. Their correlation of 0.90 means they have usually moved in the same direction. APGAX charges 0.84%/yr vs 0.76%/yr for PRWAX.
Performance
APGAX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, APGAX achieves a 0.70% return, which is significantly higher than PRWAX's -1.10% return. Over the past 10 years, APGAX has underperformed PRWAX with an annualized return of 15.32%, while PRWAX has yielded a comparatively higher 16.77% annualized return.
APGAX
- 1D
- 1.69%
- 1M
- -2.13%
- 6M
- 1.48%
- YTD
- 0.70%
- 1Y
- 6.41%
- 3Y*
- 15.18%
- 5Y*
- 7.84%
- 10Y*
- 15.32%
- ALL TIME*
- 11.00%
PRWAX
- 1D
- 1.76%
- 1M
- -1.38%
- 6M
- -0.18%
- YTD
- -1.10%
- 1Y
- 7.57%
- 3Y*
- 14.80%
- 5Y*
- 8.53%
- 10Y*
- 16.77%
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
APGAX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APGAX AB Large Cap Growth Fund Class A | 0.70% | 12.96% | 25.09% | 34.66% | -28.96% | 28.60% | 34.05% | 33.77% | 1.97% | 31.36% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.10% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between APGAX and PRWAX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 1992 | 0.90 |
The correlation between APGAX and PRWAX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
APGAX vs. PRWAX — Risk / Return Rank
APGAX
PRWAX
APGAX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Large Cap Growth Fund Class A (APGAX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| APGAX | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.40 | -0.11 |
| Martin ratioReturn relative to average drawdown | 1.00 | 1.36 | -0.36 |
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Drawdowns
APGAX vs. PRWAX - Drawdown Comparison
The maximum APGAX drawdown since its inception was -67.19%, which is greater than PRWAX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for APGAX and PRWAX.
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Drawdown Indicators
| APGAX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -55.06% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -14.09% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -19.06% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.04% | -29.38% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | -30.50% | -3.54% |
Current DrawdownCurrent decline from peak | -5.23% | -3.04% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -19.34% | -9.87% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 4.13% | +0.29% |
Volatility
APGAX vs. PRWAX - Volatility Comparison
AB Large Cap Growth Fund Class A (APGAX) has a higher volatility of 4.39% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.17%. This indicates that APGAX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APGAX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.17% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 11.97% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 14.62% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 17.78% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 18.74% | +0.99% |
APGAX vs. PRWAX - Expense Ratio Comparison
APGAX has a 0.84% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Dividends
APGAX vs. PRWAX - Dividend Comparison
APGAX's dividend yield for the trailing twelve months is around 11.23%, more than PRWAX's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APGAX AB Large Cap Growth Fund Class A | 11.23% | 11.31% | 7.44% | 1.75% | 0.97% | 8.04% | 2.87% | 3.66% | 9.96% | 4.09% | 2.74% | 9.23% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.44% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
With a correlation of 0.91, APGAX and PRWAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
APGAX has higher volatility (4.39%) compared to PRWAX (4.17%). In terms of maximum drawdown, APGAX dropped -67.19% vs PRWAX's -55.06%.
PRWAX currently has the higher Sharpe Ratio (0.39 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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