PRCHX vs. PRGSX

Last updated Aug 1, 2026

PRCHX (T. Rowe Price Capital Appreciation and Income Fund Class I) and PRGSX (T. Rowe Price Global Stock Fund) are both mutual funds - PRCHX is a Diversified Portfolio fund actively managed by T. Rowe Price, while PRGSX is a Global Equities fund tracking the MSCI All Country World Index Net. PRCHX is actively managed, while PRGSX is passively managed. Over the past year, PRCHX returned 9.64% vs 29.00% for PRGSX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PRCHX charges 0.49%/yr vs 0.81%/yr for PRGSX.

Performance

PRCHX vs. PRGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX) and T. Rowe Price Global Stock Fund (PRGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRCHX achieves a 3.27% return, which is significantly lower than PRGSX's 14.53% return.

PRCHX

• 1D: 0.74%
• 1M: -0.33%
• 6M: 2.91%
• YTD: 3.27%
• 1Y: 9.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.94%

PRGSX

• 1D: 3.74%
• 1M: -4.07%
• 6M: 9.43%
• YTD: 14.53%
• 1Y: 29.00%
• 3Y*: 19.13%
• 5Y*: 8.00%
• 10Y*: 15.65%
• ALL TIME*: 10.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I	$0.00	$0.00	$0.00
PRGSX T. Rowe Price Global Stock Fund	$0.00	$0.00	$0.00

PRCHX vs. PRGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I	3.27%	13.68%	8.92%	3.12%
PRGSX T. Rowe Price Global Stock Fund	14.53%	21.42%	16.80%	3.97%

Correlation

The correlation between PRCHX and PRGSX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.80

The correlation between PRCHX and PRGSX has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

PRCHX vs. PRGSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRCHX

PRCHX Risk / Return Rank: 68
PRCHX Sharpe Ratio Rank: 69
PRCHX Sortino Ratio Rank: 67
PRCHX Omega Ratio Rank: 68
PRCHX Calmar Ratio Rank: 59
PRCHX Martin Ratio Rank: 79

PRGSX

PRGSX Risk / Return Rank: 51
PRGSX Sharpe Ratio Rank: 46
PRGSX Sortino Ratio Rank: 43
PRGSX Omega Ratio Rank: 43
PRGSX Calmar Ratio Rank: 65
PRGSX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRCHX vs. PRGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX) and T. Rowe Price Global Stock Fund (PRGSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PRCHX	PRGSX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.24	+0.41
Sortino ratio: Return per unit of downside risk	2.36	1.75	+0.61
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	2.10	2.08	+0.02
Martin ratio: Return relative to average drawdown	9.85	7.18	+2.66

PRCHX vs. PRGSX - Sharpe Ratio Comparison

The current PRCHX Sharpe Ratio is 1.66, which is higher than the PRGSX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of PRCHX and PRGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRCHX vs. PRGSX - Drawdown Comparison

The maximum PRCHX drawdown since its inception was -6.10%, smaller than the maximum PRGSX drawdown of -64.06%. Use the drawdown chart below to compare losses from any high point for PRCHX and PRGSX.

Drawdown Indicators

	PRCHX	PRGSX	Difference
Max Drawdown Largest peak-to-trough decline	-6.10%	-64.06%	+57.96%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	-12.77%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.11%	—
Current Drawdown Current decline from peak	-1.00%	-8.04%	+7.04%
Average Drawdown Average peak-to-trough decline	-0.65%	-13.43%	+12.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	3.70%	-2.74%

Volatility

PRCHX vs. PRGSX - Volatility Comparison

The current volatility for T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX) is 1.64%, while T. Rowe Price Global Stock Fund (PRGSX) has a volatility of 7.51%. This indicates that PRCHX experiences smaller price fluctuations and is considered to be less risky than PRGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRCHX	PRGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	7.51%	-5.87%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	18.46%	-13.78%
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	21.37%	-15.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	20.29%	-13.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	19.97%	-13.44%

PRCHX vs. PRGSX - Expense Ratio Comparison

PRCHX has a 0.49% expense ratio, which is lower than PRGSX's 0.81% expense ratio.

Dividends

PRCHX vs. PRGSX - Dividend Comparison

PRCHX's dividend yield for the trailing twelve months is around 4.44%, less than PRGSX's 8.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I	4.44%	5.08%	3.22%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRGSX T. Rowe Price Global Stock Fund	8.38%	9.60%	6.73%	0.27%	0.00%	13.67%	5.67%	2.21%	5.81%	0.03%	0.63%	0.33%

Frequently Asked Questions

Can I hold both PRCHX and PRGSX in my portfolio?

PRCHX and PRGSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRCHX or PRGSX?

PRGSX has higher volatility (7.51%) compared to PRCHX (1.64%). In terms of maximum drawdown, PRCHX dropped -6.10% vs PRGSX's -64.06%.

Which has better risk-adjusted returns?

PRCHX currently has the higher Sharpe Ratio (1.66 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.