GTFBX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
GTFBX is managed by T. Rowe Price. It was launched on Mar 30, 1993. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
GTFBX vs. PRWCX - Performance Comparison
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GTFBX vs. PRWCX - 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, GTFBX achieves a 0.06% return, which is significantly higher than PRWCX's -3.22% return. Over the past 10 years, GTFBX has underperformed PRWCX with an annualized return of 2.27%, while PRWCX has yielded a comparatively higher 11.41% 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%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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GTFBX vs. PRWCX - Expense Ratio Comparison
GTFBX has a 0.56% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Return for Risk
GTFBX vs. PRWCX — Risk / Return Rank
GTFBX
PRWCX
GTFBX vs. PRWCX - 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 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.
| GTFBX | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.27 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.37 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.34 | -0.77 |
Martin ratioReturn relative to average drawdown | 5.83 | 9.70 | -3.87 |
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 | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.27 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.88 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.90 | +0.15 |
Correlation
The correlation between GTFBX and PRWCX is -0.02. 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. PRWCX - Dividend Comparison
GTFBX's dividend yield for the trailing twelve months is around 6.54%, less than PRWCX's 16.24% 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
GTFBX vs. PRWCX - Drawdown Comparison
The maximum GTFBX drawdown since its inception was -15.79%, smaller than the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for GTFBX and PRWCX.
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Drawdown Indicators
| GTFBX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.79% | -41.77% | +25.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -6.80% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -17.07% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -15.79% | -26.86% | +11.07% |
Current DrawdownCurrent decline from peak | -2.53% | -4.47% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -3.34% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.64% | -0.25% |
Volatility
GTFBX vs. PRWCX - Volatility Comparison
The current volatility for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) is 1.35%, while T. Rowe Price Capital Appreciation Fund (PRWCX) has a volatility of 3.64%. This indicates that GTFBX experiences smaller price fluctuations and is considered to be less risky than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTFBX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 3.64% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 9.78% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 13.57% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 13.24% | -8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 12.98% | -8.82% |