BBLIX vs. PRWAX

Last updated Apr 1, 2026

Compare and contrast key facts about BBH Select Series - Large Cap Fund (BBLIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).

BBLIX is managed by BBH. It was launched on Sep 9, 2019. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.

Performance

BBLIX vs. PRWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Series - Large Cap Fund (BBLIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). The values are adjusted to include any dividend payments, if applicable.

BBLIX vs. PRWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBLIX BBH Select Series - Large Cap Fund	1.58%	12.07%	15.83%	23.86%	-20.59%	27.23%	12.30%	3.63%
PRWAX T. Rowe Price All-Cap Opportunities Fund	-12.37%	26.78%	25.24%	29.02%	-21.37%	20.63%	44.73%	8.96%

Returns By Period

In the year-to-date period, BBLIX achieves a 1.58% return, which is significantly higher than PRWAX's -12.37% return.

BBLIX

• 1D: 0.00%
• 1M: 1.58%
• YTD: 1.58%
• 6M: -0.19%
• 1Y: 13.25%
• 3Y*: 15.61%
• 5Y*: 9.96%
• 10Y*: —

PRWAX

• 1D: -0.24%
• 1M: -9.15%
• YTD: -12.37%
• 6M: -3.78%
• 1Y: 16.34%
• 3Y*: 18.79%
• 5Y*: 10.36%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBLIX vs. PRWAX - Expense Ratio Comparison

BBLIX has a 0.70% expense ratio, which is lower than PRWAX's 0.76% expense ratio.

PRWAX

T. Rowe Price All-Cap Opportunities Fund

BBLIX

BBH Select Series - Large Cap Fund

Return for Risk

BBLIX vs. PRWAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBLIX

BBLIX Risk / Return Rank: 55
BBLIX Sharpe Ratio Rank: 61
BBLIX Sortino Ratio Rank: 68
BBLIX Omega Ratio Rank: 76
BBLIX Calmar Ratio Rank: 34
BBLIX Martin Ratio Rank: 36

PRWAX

PRWAX Risk / Return Rank: 45
PRWAX Sharpe Ratio Rank: 44
PRWAX Sortino Ratio Rank: 53
PRWAX Omega Ratio Rank: 52
PRWAX Calmar Ratio Rank: 39
PRWAX Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBLIX vs. PRWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Series - Large Cap Fund (BBLIX) 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.

	BBLIX	PRWAX	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.87	+0.23
Sortino ratio Return per unit of downside risk	1.69	1.42	+0.27
Omega ratio Gain probability vs. loss probability	1.29	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	0.94	1.02	-0.08
Martin ratio Return relative to average drawdown	3.81	3.79	+0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLIX vs. PRWAX - Sharpe Ratio Comparison

The current BBLIX Sharpe Ratio is 1.10, which is comparable to the PRWAX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of BBLIX and PRWAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBLIX	PRWAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.87	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.58	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.59	-0.02

Correlation

The correlation between BBLIX and PRWAX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BBLIX vs. PRWAX - Dividend Comparison

BBLIX's dividend yield for the trailing twelve months is around 9.39%, less than PRWAX's 19.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBLIX BBH Select Series - Large Cap Fund	9.39%	9.54%	4.20%	0.28%	1.45%	3.27%	0.34%	0.04%	0.00%	0.00%	0.00%	0.00%
PRWAX T. Rowe Price All-Cap Opportunities Fund	19.01%	16.66%	9.22%	5.10%	3.11%	20.51%	15.44%	7.01%	12.58%	12.30%	6.19%	8.84%

Drawdowns

BBLIX vs. PRWAX - Drawdown Comparison

The maximum BBLIX drawdown since its inception was -33.49%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for BBLIX and PRWAX.

Drawdown Indicators

	BBLIX	PRWAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.49%	-55.06%	+21.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-14.05%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.06%	-29.38%	+1.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.50%	—
Current Drawdown Current decline from peak	-1.80%	-14.05%	+12.25%
Average Drawdown Average peak-to-trough decline	-6.48%	-9.92%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.79%	-0.17%

Volatility

BBLIX vs. PRWAX - Volatility Comparison

The current volatility for BBH Select Series - Large Cap Fund (BBLIX) is 1.57%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.90%. This indicates that BBLIX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLIX	PRWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	4.90%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	6.08%	12.45%	-6.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	19.42%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	17.88%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	18.82%	-0.02%