PREFX vs. VFIAX
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREFX or VFIAX.
Key characteristics
| PREFX | VFIAX | |
|---|---|---|
| YTD Return | 33.22% | 27.24% |
| 1Y Return | 42.20% | 37.81% |
| 3Y Return (Ann) | 6.25% | 10.32% |
| 5Y Return (Ann) | 15.77% | 16.00% |
| 10Y Return (Ann) | 13.37% | 13.43% |
| Sharpe Ratio | 2.69 | 3.24 |
| Sortino Ratio | 3.48 | 4.29 |
| Omega Ratio | 1.49 | 1.61 |
| Calmar Ratio | 2.69 | 4.73 |
| Martin Ratio | 15.36 | 21.42 |
| Ulcer Index | 2.92% | 1.87% |
| Daily Std Dev | 16.63% | 12.29% |
| Max Drawdown | -56.70% | -55.20% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between PREFX and VFIAX 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. VFIAX - Performance Comparison
In the year-to-date period, PREFX achieves a 33.22% return, which is significantly higher than VFIAX's 27.24% return. Both investments have delivered pretty close results over the past 10 years, with PREFX having a 13.37% annualized return and VFIAX not far ahead at 13.43%. 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. VFIAX - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Risk-Adjusted Performance
PREFX vs. VFIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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. VFIAX - Dividend Comparison
PREFX has not paid dividends to shareholders, while VFIAX's dividend yield for the trailing twelve months is around 1.22%.
| 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% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.22% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PREFX vs. VFIAX - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, roughly equal to the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PREFX and VFIAX. For additional features, visit the drawdowns tool.
Volatility
PREFX vs. VFIAX - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 4.99% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 3.89%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.