PREFX vs. VIG
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Vanguard Dividend Appreciation ETF (VIG).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013.
Performance
PREFX vs. VIG - Performance Comparison
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PREFX vs. VIG - 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% |
VIG Vanguard Dividend Appreciation ETF | -1.77% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, PREFX achieves a -12.80% return, which is significantly lower than VIG's -1.77% return. Over the past 10 years, PREFX has outperformed VIG with an annualized return of 14.55%, while VIG has yielded a comparatively lower 12.25% 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%
VIG
- 1D
- 2.07%
- 1M
- -5.18%
- YTD
- -1.77%
- 6M
- 0.45%
- 1Y
- 12.67%
- 3Y*
- 13.80%
- 5Y*
- 9.76%
- 10Y*
- 12.25%
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PREFX vs. VIG - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than VIG's 0.04% expense ratio.
Return for Risk
PREFX vs. VIG — Risk / Return Rank
PREFX
VIG
PREFX vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Vanguard Dividend Appreciation ETF (VIG). 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 | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.83 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.28 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.28 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.30 | 5.73 | -3.43 |
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 | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.83 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.69 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.77 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.57 | -0.14 |
Correlation
The correlation between PREFX and VIG is 0.84, 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. VIG - Dividend Comparison
PREFX has not paid dividends to shareholders, while VIG's dividend yield for the trailing twelve months is around 1.61%.
| 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% |
VIG Vanguard Dividend Appreciation ETF | 1.61% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
PREFX vs. VIG - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for PREFX and VIG.
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Drawdown Indicators
| PREFX | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -46.81% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -10.83% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -20.39% | -15.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.95% | -31.72% | -4.23% |
Current DrawdownCurrent decline from peak | -16.18% | -6.00% | -10.18% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -5.55% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.42% | +2.46% |
Volatility
PREFX vs. VIG - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 5.44% compared to Vanguard Dividend Appreciation ETF (VIG) at 4.07%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREFX | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.07% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 7.84% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 15.31% | +6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 14.26% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 16.05% | +5.13% |