PRCOX vs. VTAPX
PRCOX (T. Rowe Price U.S. Equity Research Fund) and VTAPX (Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares) are both mutual funds - PRCOX is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while VTAPX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. PRCOX is actively managed, while VTAPX is passively managed. Over the past 10 years, PRCOX returned 15.49%/yr vs 3.08%/yr for VTAPX. Their 0.06 correlation means their historical movements had little consistent relationship. PRCOX charges 0.42%/yr vs 0.06%/yr for VTAPX.
Performance
PRCOX vs. VTAPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRCOX achieves a 9.19% return, which is significantly higher than VTAPX's 1.81% return. Over the past 10 years, PRCOX has outperformed VTAPX with an annualized return of 15.49%, while VTAPX has yielded a comparatively lower 3.08% annualized return.
PRCOX
- 1D
- 1.65%
- 1M
- -0.98%
- 6M
- 7.45%
- YTD
- 9.19%
- 1Y
- 19.80%
- 3Y*
- 19.25%
- 5Y*
- 13.05%
- 10Y*
- 15.49%
- ALL TIME*
- 10.53%
VTAPX
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.24%
- YTD
- 1.81%
- 1Y
- 3.07%
- 3Y*
- 5.02%
- 5Y*
- 3.05%
- 10Y*
- 3.08%
- ALL TIME*
- 2.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRCOX vs. VTAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCOX T. Rowe Price U.S. Equity Research Fund | 9.19% | 16.34% | 26.41% | 29.82% | -18.80% | 28.06% | 19.82% | 33.04% | -4.73% | 23.80% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 1.81% | 6.03% | 4.73% | 4.59% | -2.84% | 5.26% | 4.97% | 4.85% | 0.53% | 0.82% |
Correlation
The correlation between PRCOX and VTAPX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRCOX vs. VTAPX — Risk / Return Rank
PRCOX
VTAPX
PRCOX vs. VTAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Equity Research Fund (PRCOX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX). 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.
| PRCOX | VTAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.48 | -2.59 |
| Martin ratioReturn relative to average drawdown | 8.13 | 14.03 | -5.90 |
Loading charts...
Drawdowns
PRCOX vs. VTAPX - Drawdown Comparison
The maximum PRCOX drawdown since its inception was -53.96%, which is greater than VTAPX's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for PRCOX and VTAPX.
Loading charts...
Drawdown Indicators
| PRCOX | VTAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -5.33% | -48.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -0.75% | -8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -0.92% | -18.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -5.33% | -19.61% |
Max Drawdown (10Y)Largest decline over 10 years | -34.42% | -5.33% | -29.09% |
Current DrawdownCurrent decline from peak | -2.57% | -0.28% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -1.02% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.24% | +1.93% |
Volatility
PRCOX vs. VTAPX - Volatility Comparison
T. Rowe Price U.S. Equity Research Fund (PRCOX) has a higher volatility of 3.61% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) at 0.40%. This indicates that PRCOX's price experiences larger fluctuations and is considered to be riskier than VTAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRCOX | VTAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 0.40% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 1.26% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 1.57% | +11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 2.66% | +14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 2.24% | +16.12% |
PRCOX vs. VTAPX - Expense Ratio Comparison
PRCOX has a 0.42% expense ratio, which is higher than VTAPX's 0.06% expense ratio.
Dividends
PRCOX vs. VTAPX - Dividend Comparison
PRCOX's dividend yield for the trailing twelve months is around 1.07%, less than VTAPX's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCOX T. Rowe Price U.S. Equity Research Fund | 1.07% | 1.17% | 0.64% | 1.17% | 1.28% | 3.71% | 1.04% | 1.39% | 5.60% | 7.02% | 7.28% | 8.76% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 4.12% | 3.78% | 2.68% | 2.84% | 6.82% | 4.67% | 1.19% | 1.94% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
PRCOX and VTAPX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRCOX has higher volatility (3.61%) compared to VTAPX (0.40%). In terms of maximum drawdown, PRCOX dropped -53.96% vs VTAPX's -5.33%.
VTAPX currently has the higher Sharpe Ratio (2.15 vs 1.35), 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.
Find the right allocation for PRCOX and VTAPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer