PCCOX vs. MUHLX
Compare and contrast key facts about T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) and Muhlenkamp Fund (MUHLX).
PCCOX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P 500 Index. It was launched on Nov 29, 2016. MUHLX is managed by Muhlenkamp. It was launched on Nov 1, 1988.
Performance
PCCOX vs. MUHLX - Performance Comparison
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PCCOX vs. MUHLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCCOX T. Rowe Price U.S. Equity Research Fund I Class | -4.38% | 17.12% | 26.56% | 29.93% | -18.71% | 28.17% | 19.96% | 33.13% | -4.55% | 23.01% |
MUHLX Muhlenkamp Fund | 9.11% | 17.82% | 3.38% | 13.92% | 2.89% | 28.98% | 11.96% | 14.39% | -13.29% | 17.40% |
Returns By Period
In the year-to-date period, PCCOX achieves a -4.38% return, which is significantly lower than MUHLX's 9.11% return.
PCCOX
- 1D
- 3.04%
- 1M
- -5.42%
- YTD
- -4.38%
- 6M
- -1.57%
- 1Y
- 17.16%
- 3Y*
- 19.40%
- 5Y*
- 12.43%
- 10Y*
- —
MUHLX
- 1D
- 2.42%
- 1M
- -5.65%
- YTD
- 9.11%
- 6M
- 10.37%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
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PCCOX vs. MUHLX - Expense Ratio Comparison
PCCOX has a 0.34% expense ratio, which is lower than MUHLX's 1.14% expense ratio.
Return for Risk
PCCOX vs. MUHLX — Risk / Return Rank
PCCOX
MUHLX
PCCOX vs. MUHLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) and Muhlenkamp Fund (MUHLX). 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.
| PCCOX | MUHLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.42 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.97 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.37 | -1.07 |
Martin ratioReturn relative to average drawdown | 6.14 | 8.57 | -2.44 |
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
| PCCOX | MUHLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.42 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.82 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.51 | +0.28 |
Correlation
The correlation between PCCOX and MUHLX is 0.77, 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.
Dividends
PCCOX vs. MUHLX - Dividend Comparison
PCCOX's dividend yield for the trailing twelve months is around 1.85%, less than MUHLX's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCCOX T. Rowe Price U.S. Equity Research Fund I Class | 1.85% | 1.77% | 0.71% | 1.22% | 1.38% | 3.78% | 1.12% | 1.45% | 5.77% | 7.18% | 0.00% | 0.00% |
MUHLX Muhlenkamp Fund | 3.06% | 3.34% | 0.58% | 0.89% | 6.80% | 7.77% | 10.28% | 1.26% | 14.70% | 4.30% | 0.00% | 11.02% |
Drawdowns
PCCOX vs. MUHLX - Drawdown Comparison
The maximum PCCOX drawdown since its inception was -34.42%, smaller than the maximum MUHLX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for PCCOX and MUHLX.
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Drawdown Indicators
| PCCOX | MUHLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -62.05% | +27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -10.23% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -18.63% | -6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.85% | — |
Current DrawdownCurrent decline from peak | -6.54% | -5.65% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -10.81% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.83% | -0.25% |
Volatility
PCCOX vs. MUHLX - Volatility Comparison
The current volatility for T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) is 5.64%, while Muhlenkamp Fund (MUHLX) has a volatility of 6.01%. This indicates that PCCOX experiences smaller price fluctuations and is considered to be less risky than MUHLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCCOX | MUHLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 6.01% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 12.06% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 16.85% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 14.77% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 17.04% | +1.76% |