PRCIX vs. VOO
Compare and contrast key facts about T. Rowe Price New Income Fund (PRCIX) and Vanguard S&P 500 ETF (VOO).
PRCIX is managed by T. Rowe Price. It was launched on Aug 31, 1973. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
PRCIX vs. VOO - Performance Comparison
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PRCIX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | -0.24% | 10.79% | 1.31% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PRCIX achieves a -0.24% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, PRCIX has underperformed VOO with an annualized return of 1.78%, while VOO has yielded a comparatively higher 14.05% annualized return.
PRCIX
- 1D
- 0.51%
- 1M
- -2.46%
- YTD
- -0.24%
- 6M
- 2.00%
- 1Y
- 7.55%
- 3Y*
- 4.38%
- 5Y*
- 0.50%
- 10Y*
- 1.78%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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PRCIX vs. VOO - Expense Ratio Comparison
PRCIX has a 0.44% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PRCIX vs. VOO — Risk / Return Rank
PRCIX
VOO
PRCIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Income Fund (PRCIX) and Vanguard S&P 500 ETF (VOO). 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.
| PRCIX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.98 | +0.82 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.50 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.53 | +1.43 |
Martin ratioReturn relative to average drawdown | 9.93 | 7.29 | +2.64 |
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
| PRCIX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.98 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.70 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.78 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.83 | -0.04 |
Correlation
The correlation between PRCIX and VOO is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PRCIX vs. VOO - Dividend Comparison
PRCIX's dividend yield for the trailing twelve months is around 8.24%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | 8.24% | 7.79% | 4.48% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PRCIX vs. VOO - Drawdown Comparison
The maximum PRCIX drawdown since its inception was -22.34%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PRCIX and VOO.
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Drawdown Indicators
| PRCIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -33.99% | +11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -11.98% | +9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -24.52% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -19.65% | -33.99% | +14.34% |
Current DrawdownCurrent decline from peak | -2.46% | -6.29% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -3.72% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.52% | -1.64% |
Volatility
PRCIX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price New Income Fund (PRCIX) is 1.67%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that PRCIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 5.29% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 9.44% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 18.10% | -13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 16.82% | -10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 17.99% | -13.06% |