FGRIX vs. PRCFX

Last updated Jun 24, 2026

FGRIX (Fidelity Growth & Income Portfolio) and PRCFX (T. Rowe Price Capital Appreciation and Income Fund) are both mutual funds - FGRIX is a Large Cap Value Equities fund actively managed by Fidelity, while PRCFX is a Diversified Portfolio fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, FGRIX returned 21.66% vs 9.89% for PRCFX. Their correlation of 0.82 suggests significant overlap in exposure. FGRIX charges 0.57%/yr vs 0.65%/yr for PRCFX.

Performance

FGRIX vs. PRCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth & Income Portfolio (FGRIX) and T. Rowe Price Capital Appreciation and Income Fund (PRCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGRIX achieves a 7.83% return, which is significantly higher than PRCFX's 2.48% return.

FGRIX

• 1D: -0.33%
• 1M: 0.98%
• YTD: 7.83%
• 6M: 7.22%
• 1Y: 21.66%
• 3Y*: 20.84%
• 5Y*: 13.98%
• 10Y*: 14.86%

PRCFX

• 1D: -0.34%
• 1M: -0.15%
• YTD: 2.48%
• 6M: 2.52%
• 1Y: 9.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRIX vs. PRCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FGRIX Fidelity Growth & Income Portfolio	7.83%	21.59%	22.10%	5.10%
PRCFX T. Rowe Price Capital Appreciation and Income Fund	2.48%	11.26%	8.76%	3.10%

Correlation

The correlation between FGRIX and PRCFX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.82

The correlation between FGRIX and PRCFX has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Return for Risk

FGRIX vs. PRCFX — Risk / Return Rank

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

FGRIX

FGRIX Risk / Return Rank: 59
FGRIX Sharpe Ratio Rank: 60
FGRIX Sortino Ratio Rank: 59
FGRIX Omega Ratio Rank: 57
FGRIX Calmar Ratio Rank: 56
FGRIX Martin Ratio Rank: 62

PRCFX

PRCFX Risk / Return Rank: 49
PRCFX Sharpe Ratio Rank: 48
PRCFX Sortino Ratio Rank: 49
PRCFX Omega Ratio Rank: 49
PRCFX Calmar Ratio Rank: 40
PRCFX Martin Ratio Rank: 59

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.

FGRIX vs. PRCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) and T. Rowe Price Capital Appreciation and Income Fund (PRCFX). 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.

	FGRIX	PRCFX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.88	+0.21
Sortino ratio: Return per unit of downside risk	2.95	2.71	+0.24
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.75	2.30	+0.45
Martin ratio: Return relative to average drawdown	11.49	11.10	+0.38

FGRIX vs. PRCFX - Sharpe Ratio Comparison

The current FGRIX Sharpe Ratio is 2.10, which is comparable to the PRCFX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FGRIX and PRCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGRIX vs. PRCFX - Drawdown Comparison

The maximum FGRIX drawdown since its inception was -67.10%, which is greater than PRCFX's maximum drawdown of -6.57%. Use the drawdown chart below to compare losses from any high point for FGRIX and PRCFX.

Drawdown Indicators

	FGRIX	PRCFX	Difference
Max Drawdown Largest peak-to-trough decline	-67.10%	-6.57%	-60.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-4.50%	-3.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.62%	—	—
Current Drawdown Current decline from peak	-0.85%	-1.20%	+0.35%
Average Drawdown Average peak-to-trough decline	-10.11%	-0.70%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.93%	+1.07%

Volatility

FGRIX vs. PRCFX - Volatility Comparison

Fidelity Growth & Income Portfolio (FGRIX) has a higher volatility of 3.28% compared to T. Rowe Price Capital Appreciation and Income Fund (PRCFX) at 2.16%. This indicates that FGRIX's price experiences larger fluctuations and is considered to be riskier than PRCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRIX	PRCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.16%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	4.55%	+3.73%
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	5.51%	+5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	6.54%	+8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	6.54%	+10.92%

FGRIX vs. PRCFX - Expense Ratio Comparison

FGRIX has a 0.57% expense ratio, which is lower than PRCFX's 0.65% expense ratio.

Dividends

FGRIX vs. PRCFX - Dividend Comparison

FGRIX's dividend yield for the trailing twelve months is around 9.08%, more than PRCFX's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRIX Fidelity Growth & Income Portfolio	9.08%	9.78%	6.80%	3.93%	3.43%	6.02%	3.61%	2.85%	3.39%	1.52%	1.80%	2.08%
PRCFX T. Rowe Price Capital Appreciation and Income Fund	3.35%	2.94%	3.08%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGRIX and PRCFX in my portfolio?

FGRIX and PRCFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRIX or PRCFX?

FGRIX has higher volatility (3.28%) compared to PRCFX (2.16%). In terms of maximum drawdown, FGRIX dropped -67.10% vs PRCFX's -6.57%.

Which has better risk-adjusted returns?

FGRIX currently has the higher Sharpe Ratio (2.10 vs 1.88), 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.