LGH vs. PRWCX

Last updated Jun 5, 2026

LGH (HCM Defender 500 Index ETF) and PRWCX (T. Rowe Price Capital Appreciation Fund) are both funds - LGH is a Large Cap Blend Equities fund tracking the HCM Defender 500 Index, while PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price. LGH is passively managed, while PRWCX is actively managed. Over the past 5 years, LGH returned 11.35%/yr vs 8.75%/yr for PRWCX. Their correlation of 0.84 suggests significant overlap in exposure. LGH charges 1.23%/yr vs 0.68%/yr for PRWCX.

Performance

LGH vs. PRWCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 500 Index ETF (LGH) and T. Rowe Price Capital Appreciation Fund (PRWCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGH achieves a 5.21% return, which is significantly lower than PRWCX's 5.48% return.

LGH

• 1D: 0.37%
• 1M: 6.33%
• YTD: 5.21%
• 6M: 4.84%
• 1Y: 26.74%
• 3Y*: 21.01%
• 5Y*: 11.35%
• 10Y*: —

PRWCX

• 1D: -0.26%
• 1M: 1.53%
• YTD: 5.48%
• 6M: 5.62%
• 1Y: 14.32%
• 3Y*: 13.38%
• 5Y*: 8.75%
• 10Y*: 11.22%

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

LGH vs. PRWCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LGH HCM Defender 500 Index ETF	5.21%	19.47%	27.00%	24.19%	-27.37%	39.92%	18.51%	11.06%
PRWCX T. Rowe Price Capital Appreciation Fund	5.48%	12.45%	12.50%	18.85%	-12.00%	18.45%	18.13%	6.68%

Correlation

The correlation between LGH and PRWCX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.84

The correlation between LGH and PRWCX has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

LGH vs. PRWCX — Risk / Return Rank

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

LGH

LGH Risk / Return Rank: 49
LGH Sharpe Ratio Rank: 52
LGH Sortino Ratio Rank: 47
LGH Omega Ratio Rank: 49
LGH Calmar Ratio Rank: 49
LGH Martin Ratio Rank: 47

PRWCX

PRWCX Risk / Return Rank: 44
PRWCX Sharpe Ratio Rank: 45
PRWCX Sortino Ratio Rank: 45
PRWCX Omega Ratio Rank: 46
PRWCX Calmar Ratio Rank: 37
PRWCX Martin Ratio Rank: 49

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.

LGH vs. PRWCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) 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.

	LGH	PRWCX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.97	-0.23
Sortino ratio: Return per unit of downside risk	2.30	2.84	-0.53
Omega ratio: Gain probability vs. loss probability	1.30	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	2.38	2.33	+0.05
Martin ratio: Return relative to average drawdown	7.68	10.19	-2.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGH vs. PRWCX - Sharpe Ratio Comparison

The current LGH Sharpe Ratio is 1.75, which is comparable to the PRWCX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of LGH and PRWCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LGH	PRWCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.97	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.69	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.91	-0.11

Drawdowns

LGH vs. PRWCX - Drawdown Comparison

The maximum LGH drawdown since its inception was -29.60%, smaller than the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for LGH and PRWCX.

Drawdown Indicators

	LGH	PRWCX	Difference
Max Drawdown Largest peak-to-trough decline	-29.60%	-41.77%	+12.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-6.32%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	-15.96%	-2.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	-17.07%	-12.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.86%	—
Current Drawdown Current decline from peak	-0.56%	-0.68%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.42%	-3.33%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	1.44%	+2.05%

Volatility

LGH vs. PRWCX - Volatility Comparison

HCM Defender 500 Index ETF (LGH) has a higher volatility of 3.98% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 1.95%. This indicates that LGH'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.

Volatility by Period

	LGH	PRWCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	1.95%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	6.00%	+4.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	7.46%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	12.74%	+3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	12.74%	+7.04%

LGH vs. PRWCX - Expense Ratio Comparison

LGH has a 1.23% expense ratio, which is higher than PRWCX's 0.68% expense ratio.

Dividends

LGH vs. PRWCX - Dividend Comparison

LGH's dividend yield for the trailing twelve months is around 0.36%, less than PRWCX's 8.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGH HCM Defender 500 Index ETF	0.36%	0.38%	0.40%	0.63%	0.61%	0.14%	0.23%	0.01%	0.00%	0.00%	0.00%	0.00%
PRWCX T. Rowe Price Capital Appreciation Fund	8.36%	8.81%	10.38%	4.15%	9.44%	9.23%	7.97%	5.83%	7.46%	6.82%	3.51%	9.86%

Frequently Asked Questions

Can I hold both LGH and PRWCX in my portfolio?

LGH and PRWCX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGH or PRWCX?

LGH has higher volatility (3.98%) compared to PRWCX (1.95%). In terms of maximum drawdown, LGH dropped -29.60% vs PRWCX's -41.77%.

Which has better risk-adjusted returns?

PRWCX currently has the higher Sharpe Ratio (1.97 vs 1.75), 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.