Correlation
The correlation between GVEQX and PRWAX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
GVEQX vs. PRWAX
Compare and contrast key facts about Government Street Equity Fund (GVEQX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
GVEQX is managed by Leavell. It was launched on Jun 18, 1991. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVEQX or PRWAX.
Performance
GVEQX vs. PRWAX - Performance Comparison
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Key characteristics
GVEQX:
0.70
PRWAX:
0.63
GVEQX:
1.00
PRWAX:
0.87
GVEQX:
1.14
PRWAX:
1.12
GVEQX:
0.66
PRWAX:
0.55
GVEQX:
2.40
PRWAX:
2.02
GVEQX:
5.34%
PRWAX:
5.17%
GVEQX:
20.62%
PRWAX:
19.39%
GVEQX:
-54.64%
PRWAX:
-55.06%
GVEQX:
-3.65%
PRWAX:
-3.78%
Returns By Period
In the year-to-date period, GVEQX achieves a 1.58% return, which is significantly higher than PRWAX's 1.35% return. Over the past 10 years, GVEQX has underperformed PRWAX with an annualized return of 12.35%, while PRWAX has yielded a comparatively higher 15.49% annualized return.
GVEQX
1.58%
7.24%
-2.13%
14.31%
14.47%
16.10%
12.35%
PRWAX
1.35%
5.61%
-1.80%
12.07%
15.69%
16.05%
15.49%
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GVEQX vs. PRWAX - Expense Ratio Comparison
GVEQX has a 0.85% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
GVEQX vs. PRWAX — Risk-Adjusted Performance Rank
GVEQX
PRWAX
GVEQX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Government Street Equity Fund (GVEQX) 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.
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Dividends
GVEQX vs. PRWAX - Dividend Comparison
GVEQX's dividend yield for the trailing twelve months is around 2.32%, less than PRWAX's 9.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVEQX Government Street Equity Fund | 2.32% | 2.35% | 5.49% | 3.25% | 10.31% | 6.92% | 4.87% | 7.98% | 3.25% | 3.32% | 4.27% | 6.19% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.10% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
GVEQX vs. PRWAX - Drawdown Comparison
The maximum GVEQX drawdown since its inception was -54.64%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for GVEQX and PRWAX.
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Volatility
GVEQX vs. PRWAX - Volatility Comparison
Government Street Equity Fund (GVEQX) has a higher volatility of 4.65% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.16%. This indicates that GVEQX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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