PREFX vs. SCHD
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Schwab U.S. 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.
Performance
PREFX vs. SCHD - Performance Comparison
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PREFX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | -9.48% | 16.30% | 32.37% | 36.98% | -30.52% | 22.19% | 35.32% | 36.59% | -0.46% | 28.80% |
SCHD Schwab U.S. Dividend Equity ETF | 12.17% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, PREFX achieves a -9.48% return, which is significantly lower than SCHD's 12.17% return. Over the past 10 years, PREFX has outperformed SCHD with an annualized return of 14.98%, while SCHD has yielded a comparatively lower 12.25% annualized return.
PREFX
- 1D
- 3.81%
- 1M
- -5.76%
- YTD
- -9.48%
- 6M
- -9.30%
- 1Y
- 15.23%
- 3Y*
- 19.43%
- 5Y*
- 9.56%
- 10Y*
- 14.98%
SCHD
- 1D
- -0.55%
- 1M
- -3.43%
- YTD
- 12.17%
- 6M
- 12.91%
- 1Y
- 13.70%
- 3Y*
- 11.84%
- 5Y*
- 8.32%
- 10Y*
- 12.25%
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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.
Return for Risk
PREFX vs. SCHD — Risk / Return Rank
PREFX
SCHD
PREFX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Schwab U.S. 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.
| PREFX | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.88 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.32 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.05 | -0.20 |
Martin ratioReturn relative to average drawdown | 2.76 | 3.55 | -0.79 |
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
| PREFX | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.88 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.58 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.74 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.84 | -0.39 |
Correlation
The correlation between PREFX and SCHD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 3.46%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.00% | 0.00% | 0.85% | 0.61% | 0.88% | 2.09% | 1.98% | 0.94% | 1.36% | 2.82% | 0.22% | 0.55% |
SCHD Schwab U.S. Dividend Equity ETF | 3.46% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
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.
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Drawdown Indicators
| PREFX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -33.37% | -23.33% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -12.74% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -16.85% | -19.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.95% | -33.37% | -2.58% |
Current DrawdownCurrent decline from peak | -12.99% | -3.43% | -9.56% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -3.34% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 3.75% | +1.20% |
Volatility
PREFX vs. SCHD - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 6.84% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. 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.
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Volatility by Period
| PREFX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 2.33% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 7.96% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 15.69% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 14.40% | +7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 16.70% | +4.51% |