GTFBX vs. PRWAX
Compare and contrast key facts about T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
GTFBX is managed by T. Rowe Price. It was launched on Mar 30, 1993. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Performance
GTFBX vs. PRWAX - Performance Comparison
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GTFBX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 0.06% | 6.52% | 2.48% | 8.40% | -11.12% | 2.56% | 4.77% | 6.87% | 0.55% | 4.73% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -9.59% | 26.78% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Returns By Period
In the year-to-date period, GTFBX achieves a 0.06% return, which is significantly higher than PRWAX's -9.59% return. Over the past 10 years, GTFBX has underperformed PRWAX with an annualized return of 2.27%, while PRWAX has yielded a comparatively higher 17.31% annualized return.
GTFBX
- 1D
- 0.37%
- 1M
- -2.27%
- YTD
- 0.06%
- 6M
- 2.76%
- 1Y
- 7.00%
- 3Y*
- 4.58%
- 5Y*
- 1.54%
- 10Y*
- 2.27%
PRWAX
- 1D
- 3.16%
- 1M
- -6.00%
- YTD
- -9.59%
- 6M
- -0.70%
- 1Y
- 19.69%
- 3Y*
- 20.03%
- 5Y*
- 10.67%
- 10Y*
- 17.31%
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GTFBX vs. PRWAX - Expense Ratio Comparison
GTFBX has a 0.56% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Return for Risk
GTFBX vs. PRWAX — Risk / Return Rank
GTFBX
PRWAX
GTFBX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) 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.
| GTFBX | PRWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.03 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.66 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.28 | +0.29 |
Martin ratioReturn relative to average drawdown | 5.83 | 4.75 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTFBX | PRWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.03 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.60 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.92 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.60 | +0.46 |
Correlation
The correlation between GTFBX and PRWAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GTFBX vs. PRWAX - Dividend Comparison
GTFBX's dividend yield for the trailing twelve months is around 6.54%, less than PRWAX's 18.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 6.54% | 6.11% | 3.28% | 3.47% | 2.05% | 2.10% | 2.34% | 2.61% | 2.91% | 2.94% | 3.01% | 3.22% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 18.43% | 16.66% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Drawdowns
GTFBX vs. PRWAX - Drawdown Comparison
The maximum GTFBX drawdown since its inception was -15.79%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for GTFBX and PRWAX.
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Drawdown Indicators
| GTFBX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.79% | -55.06% | +39.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -14.05% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -29.38% | +13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -15.79% | -30.50% | +14.71% |
Current DrawdownCurrent decline from peak | -2.53% | -11.33% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -9.92% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.79% | -2.40% |
Volatility
GTFBX vs. PRWAX - Volatility Comparison
The current volatility for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) is 1.35%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 6.07%. This indicates that GTFBX 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.
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Volatility by Period
| GTFBX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 6.07% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 12.83% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 19.62% | -14.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 17.93% | -13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 18.84% | -14.68% |