Correlation
The correlation between PREFX and PRWAX is 0.93, 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.
PREFX vs. PRWAX
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREFX or PRWAX.
Performance
PREFX vs. PRWAX - Performance Comparison
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Key characteristics
PREFX:
0.69
PRWAX:
0.63
PREFX:
0.99
PRWAX:
0.87
PREFX:
1.14
PRWAX:
1.12
PREFX:
0.65
PRWAX:
0.55
PREFX:
2.20
PRWAX:
2.02
PREFX:
6.75%
PRWAX:
5.17%
PREFX:
24.95%
PRWAX:
19.39%
PREFX:
-56.70%
PRWAX:
-55.06%
PREFX:
-3.83%
PRWAX:
-3.78%
Returns By Period
In the year-to-date period, PREFX achieves a 0.75% return, which is significantly lower than PRWAX's 1.35% return. Over the past 10 years, PREFX has underperformed PRWAX with an annualized return of 14.01%, while PRWAX has yielded a comparatively higher 15.49% annualized return.
PREFX
0.75%
7.63%
-0.04%
16.96%
18.79%
15.16%
14.01%
PRWAX
1.35%
4.88%
-1.80%
11.51%
15.69%
16.05%
15.49%
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PREFX vs. PRWAX - Expense Ratio Comparison
Both PREFX and PRWAX have an expense ratio of 0.76%.
Risk-Adjusted Performance
PREFX vs. PRWAX — Risk-Adjusted Performance Rank
PREFX
PRWAX
PREFX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
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Dividends
PREFX vs. PRWAX - Dividend Comparison
PREFX's dividend yield for the trailing twelve months is around 0.84%, less than PRWAX's 9.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.84% | 0.85% | 0.61% | 0.88% | 2.09% | 1.98% | 0.55% | 1.36% | 3.08% | 0.22% | 0.55% | 4.27% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.10% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
PREFX vs. PRWAX - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for PREFX and PRWAX.
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Volatility
PREFX vs. PRWAX - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 5.45% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.16%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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