PRCFX vs. PALDX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Capital Appreciation and Income Fund (PRCFX) and PGIM 60/40 Allocation Fund (PALDX).

PRCFX is an actively managed fund by T. Rowe Price. It was launched on Nov 29, 2023. PALDX is managed by PGIM. It was launched on Sep 12, 2017.

Performance

PRCFX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation and Income Fund (PRCFX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

PRCFX vs. PALDX - 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%
PALDX PGIM 60/40 Allocation Fund	-3.62%	13.62%	18.96%	4.32%

Returns By Period

The year-to-date returns for both investments are quite close, with PRCFX having a -3.76% return and PALDX slightly higher at -3.62%.

PRCFX

• 1D: 0.14%
• 1M: -4.26%
• YTD: -3.76%
• 6M: -2.05%
• 1Y: 6.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PALDX

• 1D: -0.22%
• 1M: -5.44%
• YTD: -3.62%
• 6M: -1.03%
• 1Y: 12.43%
• 3Y*: 13.72%
• 5Y*: 7.99%
• 10Y*: —

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

PRCFX vs. PALDX - Expense Ratio Comparison

PRCFX has a 0.65% expense ratio, which is higher than PALDX's 0.03% expense ratio.

PRCFX

T. Rowe Price Capital Appreciation and Income Fund

PALDX

PGIM 60/40 Allocation Fund

Return for Risk

PRCFX vs. PALDX — Risk / Return Rank

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

PRCFX

PRCFX Risk / Return Rank: 58
PRCFX Sharpe Ratio Rank: 53
PRCFX Sortino Ratio Rank: 57
PRCFX Omega Ratio Rank: 56
PRCFX Calmar Ratio Rank: 57
PRCFX Martin Ratio Rank: 65

PALDX

PALDX Risk / Return Rank: 66
PALDX Sharpe Ratio Rank: 63
PALDX Sortino Ratio Rank: 66
PALDX Omega Ratio Rank: 67
PALDX Calmar Ratio Rank: 62
PALDX Martin Ratio Rank: 72

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.

PRCFX vs. PALDX - 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 PGIM 60/40 Allocation Fund (PALDX). 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	PALDX	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.12	-0.12
Sortino ratio Return per unit of downside risk	1.50	1.65	-0.16
Omega ratio Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio Return relative to maximum drawdown	1.34	1.42	-0.08
Martin ratio Return relative to average drawdown	6.16	6.83	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRCFX vs. PALDX - Sharpe Ratio Comparison

The current PRCFX Sharpe Ratio is 0.99, which is comparable to the PALDX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of PRCFX and PALDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRCFX	PALDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.12	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.71	+0.56

Correlation

The correlation between PRCFX and PALDX is 0.90, 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. PALDX - Dividend Comparison

PRCFX's dividend yield for the trailing twelve months is around 3.32%, less than PALDX's 5.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PALDX PGIM 60/40 Allocation Fund	5.62%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%

Drawdowns

PRCFX vs. PALDX - Drawdown Comparison

The maximum PRCFX drawdown since its inception was -6.57%, smaller than the maximum PALDX drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for PRCFX and PALDX.

Drawdown Indicators

	PRCFX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-6.57%	-26.16%	+19.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.07%	-8.20%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.47%	—
Current Drawdown Current decline from peak	-4.36%	-5.96%	+1.60%
Average Drawdown Average peak-to-trough decline	-0.70%	-4.16%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	1.70%	-0.60%

Volatility

PRCFX vs. PALDX - Volatility Comparison

The current volatility for T. Rowe Price Capital Appreciation and Income Fund (PRCFX) is 2.16%, while PGIM 60/40 Allocation Fund (PALDX) has a volatility of 3.05%. This indicates that PRCFX experiences smaller price fluctuations and is considered to be less risky than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRCFX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	3.05%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	3.76%	5.86%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	11.52%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	12.08%	-5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	12.75%	-6.26%