PREFX vs. SWPPX
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Schwab S&P 500 Index Fund (SWPPX).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
PREFX vs. SWPPX - Performance Comparison
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PREFX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | -12.80% | 16.30% | 32.37% | 36.98% | -30.52% | 22.19% | 35.32% | 36.59% | -0.46% | 28.80% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, PREFX achieves a -12.80% return, which is significantly lower than SWPPX's -7.07% return. Over the past 10 years, PREFX has outperformed SWPPX with an annualized return of 14.55%, while SWPPX has yielded a comparatively lower 13.71% annualized return.
PREFX
- 1D
- -0.59%
- 1M
- -8.96%
- YTD
- -12.80%
- 6M
- -12.38%
- 1Y
- 11.92%
- 3Y*
- 17.95%
- 5Y*
- 9.15%
- 10Y*
- 14.55%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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PREFX vs. SWPPX - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
PREFX vs. SWPPX — Risk / Return Rank
PREFX
SWPPX
PREFX vs. SWPPX - 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 S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.84 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.30 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.06 | -0.36 |
Martin ratioReturn relative to average drawdown | 2.30 | 5.14 | -2.84 |
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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.84 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.68 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.76 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.04 |
Correlation
The correlation between PREFX and SWPPX 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.
Dividends
PREFX vs. SWPPX - Dividend Comparison
PREFX has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.19%.
| 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% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
PREFX vs. SWPPX - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, roughly equal to the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for PREFX and SWPPX.
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Drawdown Indicators
| PREFX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -55.06% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -12.10% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -24.51% | -11.44% |
Max Drawdown (10Y)Largest decline over 10 years | -35.95% | -33.80% | -2.15% |
Current DrawdownCurrent decline from peak | -16.18% | -8.89% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -10.00% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.49% | +2.39% |
Volatility
PREFX vs. SWPPX - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 5.44% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.29%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREFX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.29% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 9.11% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 18.14% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 16.89% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 18.19% | +2.99% |