CGEO.L vs. PRXCX

Last updated Jun 5, 2026

CGEO.L (Georgia Capital plc) is a stock, while PRXCX (T. Rowe Price California Tax Free Bond Fund) is Municipal Bonds fund managed by T. Rowe Price. Over the past 5 years, CGEO.L returned 44.87%/yr vs 2.56%/yr for PRXCX. At a correlation of -0.07, they often move in opposite directions.

Performance

CGEO.L vs. PRXCX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Georgia Capital plc (CGEO.L) and T. Rowe Price California Tax Free Bond Fund (PRXCX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CGEO.L is traded in GBp, while PRXCX is traded in USD. To make them comparable, the PRXCX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CGEO.L achieves a 28.87% return, which is significantly higher than PRXCX's 2.50% return.

CGEO.L

• 1D: -0.50%
• 1M: 3.50%
• YTD: 28.87%
• 6M: 40.18%
• 1Y: 110.48%
• 3Y*: 70.64%
• 5Y*: 44.87%
• 10Y*: —

PRXCX

• 1D: 0.06%
• 1M: 2.04%
• YTD: 2.50%
• 6M: 2.05%
• 1Y: 10.26%
• 3Y*: 2.19%
• 5Y*: 2.56%
• 10Y*: 3.12%

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

CGEO.L vs. PRXCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CGEO.L Georgia Capital plc	28.87%	158.33%	17.42%	40.00%	2.38%	32.04%	-41.43%	-9.70%	-8.32%
PRXCX T. Rowe Price California Tax Free Bond Fund	2.50%	-3.41%	5.43%	2.26%	0.78%	3.65%	1.32%	3.23%	5.18%

Correlation

The correlation between CGEO.L and PRXCX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (All Time) Calculated using the full available price history since May 30, 2018	-0.07

Return for Risk

CGEO.L vs. PRXCX — Risk / Return Rank

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

CGEO.L

CGEO.L Risk / Return Rank: 97
CGEO.L Sharpe Ratio Rank: 97
CGEO.L Sortino Ratio Rank: 96
CGEO.L Omega Ratio Rank: 94
CGEO.L Calmar Ratio Rank: 98
CGEO.L Martin Ratio Rank: 98

PRXCX

PRXCX Risk / Return Rank: 80
PRXCX Sharpe Ratio Rank: 88
PRXCX Sortino Ratio Rank: 92
PRXCX Omega Ratio Rank: 94
PRXCX Calmar Ratio Rank: 65
PRXCX Martin Ratio Rank: 58

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.

CGEO.L vs. PRXCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Georgia Capital plc (CGEO.L) and T. Rowe Price California Tax Free Bond Fund (PRXCX). 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.

	CGEO.L	PRXCX	Difference
Sharpe ratio: Return per unit of total volatility	3.68	1.51	+2.17
Sortino ratio: Return per unit of downside risk	4.40	2.21	+2.19
Omega ratio: Gain probability vs. loss probability	1.54	1.28	+0.26
Calmar ratio: Return relative to maximum drawdown	12.75	1.84	+10.90
Martin ratio: Return relative to average drawdown	33.12	5.20	+27.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGEO.L vs. PRXCX - Sharpe Ratio Comparison

The current CGEO.L Sharpe Ratio is 3.68, which is higher than the PRXCX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of CGEO.L and PRXCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGEO.L	PRXCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.68	1.51	+2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.43	0.29	+1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.58	-0.09

Drawdowns

CGEO.L vs. PRXCX - Drawdown Comparison

The maximum CGEO.L drawdown since its inception was -72.62%, which is greater than PRXCX's maximum drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for CGEO.L and PRXCX.

Drawdown Indicators

	CGEO.L	PRXCX	Difference
Max Drawdown Largest peak-to-trough decline	-72.62%	-15.53%	-57.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-5.49%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-39.08%	-12.79%	-26.29%
Max Drawdown (5Y) Largest decline over 5 years	-39.08%	-13.15%	-25.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.87%	—
Current Drawdown Current decline from peak	-4.99%	-2.83%	-2.16%
Average Drawdown Average peak-to-trough decline	-30.17%	-5.58%	-24.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	1.94%	+1.33%

Volatility

CGEO.L vs. PRXCX - Volatility Comparison

Georgia Capital plc (CGEO.L) has a higher volatility of 7.35% compared to T. Rowe Price California Tax Free Bond Fund (PRXCX) at 1.68%. This indicates that CGEO.L's price experiences larger fluctuations and is considered to be riskier than PRXCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGEO.L	PRXCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	1.68%	+5.67%
Volatility (6M) Calculated over the trailing 6-month period	20.62%	5.22%	+15.40%
Volatility (1Y) Calculated over the trailing 1-year period	29.49%	6.69%	+22.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.27%	8.78%	+22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.95%	9.84%	+25.11%

Dividends

CGEO.L vs. PRXCX - Dividend Comparison

CGEO.L has not paid dividends to shareholders, while PRXCX's dividend yield for the trailing twelve months is around 4.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGEO.L Georgia Capital plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRXCX T. Rowe Price California Tax Free Bond Fund	4.61%	4.58%	4.10%	3.50%	2.21%	2.82%	2.80%	2.94%	3.11%	3.09%	3.33%	3.42%

Frequently Asked Questions

Can I hold both CGEO.L and PRXCX in my portfolio?

CGEO.L and PRXCX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.