PRCFX vs. FBALX
Compare and contrast key facts about T. Rowe Price Capital Appreciation and Income Fund (PRCFX) and Fidelity Balanced Fund (FBALX).
PRCFX is an actively managed fund by T. Rowe Price. It was launched on Nov 29, 2023. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
PRCFX vs. FBALX - Performance Comparison
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PRCFX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRCFX T. Rowe Price Capital Appreciation and Income Fund | -3.76% | 11.26% | 8.76% | 3.10% |
FBALX Fidelity Balanced Fund | -3.70% | 15.11% | 16.09% | 4.11% |
Returns By Period
The year-to-date returns for both investments are quite close, with PRCFX having a -3.76% return and FBALX slightly higher at -3.70%.
PRCFX
- 1D
- 0.14%
- 1M
- -4.26%
- YTD
- -3.76%
- 6M
- -2.05%
- 1Y
- 6.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBALX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.91%
- 1Y
- 13.97%
- 3Y*
- 12.91%
- 5Y*
- 7.44%
- 10Y*
- 10.51%
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PRCFX vs. FBALX - Expense Ratio Comparison
PRCFX has a 0.65% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Return for Risk
PRCFX vs. FBALX — Risk / Return Rank
PRCFX
FBALX
PRCFX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation and Income Fund (PRCFX) and Fidelity Balanced Fund (FBALX). 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.
| PRCFX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.22 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.78 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.61 | -0.27 |
Martin ratioReturn relative to average drawdown | 6.16 | 7.56 | -1.40 |
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
| PRCFX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.22 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.78 | +0.49 |
Correlation
The correlation between PRCFX and FBALX is 0.89, 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
PRCFX vs. FBALX - Dividend Comparison
PRCFX's dividend yield for the trailing twelve months is around 3.32%, less than FBALX's 5.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCFX T. Rowe Price Capital Appreciation and Income Fund | 3.32% | 2.94% | 3.08% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.90% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
PRCFX vs. FBALX - Drawdown Comparison
The maximum PRCFX drawdown since its inception was -6.57%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for PRCFX and FBALX.
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Drawdown Indicators
| PRCFX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.57% | -43.57% | +37.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -8.14% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -4.36% | -6.47% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -4.39% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.74% | -0.64% |
Volatility
PRCFX vs. FBALX - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation and Income Fund (PRCFX) is 2.16%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.50%. This indicates that PRCFX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCFX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 3.50% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 6.47% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 11.80% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 12.15% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 12.73% | -6.24% |