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 managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREFX or SWPPX.
Key characteristics
| PREFX | SWPPX | |
|---|---|---|
| YTD Return | 33.51% | 26.92% |
| 1Y Return | 39.93% | 34.98% |
| 3Y Return (Ann) | 6.31% | 10.22% |
| 5Y Return (Ann) | 15.53% | 15.76% |
| 10Y Return (Ann) | 13.38% | 13.39% |
| Sharpe Ratio | 2.57 | 3.05 |
| Sortino Ratio | 3.34 | 4.04 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 2.79 | 4.44 |
| Martin Ratio | 14.59 | 20.06 |
| Ulcer Index | 2.92% | 1.87% |
| Daily Std Dev | 16.59% | 12.34% |
| Max Drawdown | -56.70% | -55.06% |
| Current Drawdown | -0.07% | -0.26% |
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.
Performance
PREFX vs. SWPPX - Performance Comparison
In the year-to-date period, PREFX achieves a 33.51% return, which is significantly higher than SWPPX's 26.92% return. Both investments have delivered pretty close results over the past 10 years, with PREFX having a 13.38% annualized return and SWPPX not far ahead at 13.39%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PREFX vs. SWPPX - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Risk-Adjusted Performance
PREFX vs. SWPPX - 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 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.
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 1.13%.
| 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% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
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. For additional features, visit the drawdowns tool.
Volatility
PREFX vs. SWPPX - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 4.77% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.75%. 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.