PCCOX vs. TRAIX
Compare and contrast key facts about T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) and T. Rowe Price Capital Appreciation Fund - I Class (TRAIX).
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. TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015.
Performance
PCCOX vs. TRAIX - Performance Comparison
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PCCOX vs. TRAIX - 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% |
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | -3.16% | 21.05% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 14.92% |
Returns By Period
In the year-to-date period, PCCOX achieves a -4.38% return, which is significantly lower than TRAIX's -3.16% return.
PCCOX
- 1D
- 3.04%
- 1M
- -5.42%
- YTD
- -4.38%
- 6M
- -1.57%
- 1Y
- 17.16%
- 3Y*
- 19.40%
- 5Y*
- 12.43%
- 10Y*
- —
TRAIX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.16%
- 6M
- 5.60%
- 1Y
- 16.95%
- 3Y*
- 13.87%
- 5Y*
- 9.36%
- 10Y*
- 11.53%
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PCCOX vs. TRAIX - Expense Ratio Comparison
PCCOX has a 0.34% expense ratio, which is lower than TRAIX's 0.59% expense ratio.
Return for Risk
PCCOX vs. TRAIX — Risk / Return Rank
PCCOX
TRAIX
PCCOX vs. TRAIX - 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 T. Rowe Price Capital Appreciation Fund - I Class (TRAIX). 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 | TRAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.28 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.50 | 2.39 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.56 | -1.26 |
Martin ratioReturn relative to average drawdown | 6.14 | 10.55 | -4.41 |
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 | TRAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.28 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.71 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.90 | -0.11 |
Correlation
The correlation between PCCOX and TRAIX is 0.93, 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. TRAIX - Dividend Comparison
PCCOX's dividend yield for the trailing twelve months is around 1.85%, less than TRAIX's 16.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 16.39% | 15.87% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% |
Drawdowns
PCCOX vs. TRAIX - Drawdown Comparison
The maximum PCCOX drawdown since its inception was -34.42%, which is greater than TRAIX's maximum drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for PCCOX and TRAIX.
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Drawdown Indicators
| PCCOX | TRAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -26.84% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -6.77% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -17.00% | -7.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.84% | — |
Current DrawdownCurrent decline from peak | -6.54% | -4.45% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -2.86% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.65% | +0.93% |
Volatility
PCCOX vs. TRAIX - Volatility Comparison
T. Rowe Price U.S. Equity Research Fund I Class (PCCOX) has a higher volatility of 5.64% compared to T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) at 3.66%. This indicates that PCCOX's price experiences larger fluctuations and is considered to be riskier than TRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCCOX | TRAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 3.66% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 9.74% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 13.50% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 13.25% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 12.98% | +5.82% |