GAM vs. PRWCX
Compare and contrast key facts about General American Investors Company, Inc. (GAM) and T. Rowe Price Capital Appreciation Fund (PRWCX).
PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAM or PRWCX.
Key characteristics
| GAM | PRWCX | |
|---|---|---|
| YTD Return | 25.08% | 11.06% |
| 1Y Return | 46.65% | 17.60% |
| 3Y Return (Ann) | 18.01% | 6.54% |
| 5Y Return (Ann) | 14.81% | 11.33% |
| 10Y Return (Ann) | 10.36% | 10.74% |
| Sharpe Ratio | 3.12 | 2.17 |
| Daily Std Dev | 14.48% | 7.97% |
| Max Drawdown | -66.66% | -41.77% |
| Current Drawdown | 0.00% | -0.37% |
Correlation
The correlation between GAM and PRWCX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GAM vs. PRWCX - Performance Comparison
In the year-to-date period, GAM achieves a 25.08% return, which is significantly higher than PRWCX's 11.06% return. Both investments have delivered pretty close results over the past 10 years, with GAM having a 10.36% annualized return and PRWCX not far ahead at 10.74%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GAM vs. PRWCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
Dividends
GAM vs. PRWCX - Dividend Comparison
GAM's dividend yield for the trailing twelve months is around 4.93%, more than PRWCX's 3.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 4.93% | 6.17% | 9.32% | 7.42% | 0.62% | 0.98% | 9.67% | 1.98% | 10.20% | 1.06% | 9.98% | 5.95% |
PRWCX T. Rowe Price Capital Appreciation Fund | 3.74% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% | 10.03% | 6.00% |
Drawdowns
GAM vs. PRWCX - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.66%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for GAM and PRWCX. For additional features, visit the drawdowns tool.
Volatility
GAM vs. PRWCX - Volatility Comparison
General American Investors Company, Inc. (GAM) has a higher volatility of 3.82% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.33%. This indicates that GAM's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.