PRCFX vs. SHYG
Compare and contrast key facts about T. Rowe Price Capital Appreciation and Income Fund (PRCFX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
PRCFX is an actively managed fund by T. Rowe Price. It was launched on Nov 29, 2023. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Performance
PRCFX vs. SHYG - Performance Comparison
Loading graphics...
PRCFX vs. SHYG - 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.16% | 7.94% | 8.17% | 2.27% |
Returns By Period
In the year-to-date period, PRCFX achieves a -3.76% return, which is significantly lower than SHYG's -0.16% return.
PRCFX
- 1D
- 0.14%
- 1M
- -4.26%
- YTD
- -3.76%
- 6M
- -2.05%
- 1Y
- 6.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYG
- 1D
- 0.88%
- 1M
- -0.49%
- YTD
- -0.16%
- 6M
- 1.16%
- 1Y
- 6.71%
- 3Y*
- 7.66%
- 5Y*
- 4.73%
- 10Y*
- 5.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRCFX vs. SHYG - Expense Ratio Comparison
PRCFX has a 0.65% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Return for Risk
PRCFX vs. SHYG — Risk / Return Rank
PRCFX
SHYG
PRCFX vs. SHYG - 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 iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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 | SHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.30 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.94 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.78 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.16 | 10.07 | -3.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRCFX | SHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.30 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
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 | 0.71 | +0.56 |
Correlation
The correlation between PRCFX and SHYG is 0.75, 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. SHYG - Dividend Comparison
PRCFX's dividend yield for the trailing twelve months is around 3.32%, less than SHYG's 7.07% 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.07% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Drawdowns
PRCFX vs. SHYG - Drawdown Comparison
The maximum PRCFX drawdown since its inception was -6.57%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for PRCFX and SHYG.
Loading graphics...
Drawdown Indicators
| PRCFX | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.57% | -19.26% | +12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -3.77% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.26% | — |
Current DrawdownCurrent decline from peak | -4.36% | -0.76% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -1.46% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.67% | +0.43% |
Volatility
PRCFX vs. SHYG - Volatility Comparison
T. Rowe Price Capital Appreciation and Income Fund (PRCFX) has a higher volatility of 2.16% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 1.96%. This indicates that PRCFX's price experiences larger fluctuations and is considered to be riskier than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRCFX | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 1.96% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 2.46% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 5.20% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 5.71% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 6.43% | +0.06% |