PREFX vs. SCHD
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Schwab US Dividend Equity ETF (SCHD).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREFX or SCHD.
Key characteristics
| PREFX | SCHD | |
|---|---|---|
| YTD Return | 33.22% | 18.08% |
| 1Y Return | 42.20% | 30.78% |
| 3Y Return (Ann) | 6.25% | 7.17% |
| 5Y Return (Ann) | 15.77% | 13.03% |
| 10Y Return (Ann) | 13.37% | 11.72% |
| Sharpe Ratio | 2.69 | 2.85 |
| Sortino Ratio | 3.48 | 4.10 |
| Omega Ratio | 1.49 | 1.51 |
| Calmar Ratio | 2.69 | 3.16 |
| Martin Ratio | 15.36 | 15.75 |
| Ulcer Index | 2.92% | 2.04% |
| Daily Std Dev | 16.63% | 11.24% |
| Max Drawdown | -56.70% | -33.37% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between PREFX and SCHD is 0.71, 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.
Performance
PREFX vs. SCHD - Performance Comparison
In the year-to-date period, PREFX achieves a 33.22% return, which is significantly higher than SCHD's 18.08% return. Over the past 10 years, PREFX has outperformed SCHD with an annualized return of 13.37%, while SCHD has yielded a comparatively lower 11.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PREFX vs. SCHD - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PREFX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
PREFX vs. SCHD - Dividend Comparison
PREFX has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.16% | 0.18% | 0.26% | 0.22% | 0.04% | 0.05% | 0.30% |
SCHD Schwab US Dividend Equity ETF | 3.35% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PREFX vs. SCHD - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PREFX and SCHD. For additional features, visit the drawdowns tool.
Volatility
PREFX vs. SCHD - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 4.99% compared to Schwab US Dividend Equity ETF (SCHD) at 3.41%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.