PREFX vs. VTI
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and Vanguard Total Stock Market ETF (VTI).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016.
Performance
PREFX vs. VTI - Performance Comparison
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PREFX vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | -3.29% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Returns By Period
In the year-to-date period, PREFX achieves a -9.48% return, which is significantly lower than VTI's -3.29% return. Over the past 10 years, PREFX has outperformed VTI with an annualized return of 14.98%, while VTI has yielded a comparatively lower 13.69% 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%
VTI
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.29%
- 6M
- -1.26%
- 1Y
- 18.60%
- 3Y*
- 18.14%
- 5Y*
- 10.63%
- 10Y*
- 13.69%
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PREFX vs. VTI - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is higher than VTI's 0.03% expense ratio.
Return for Risk
PREFX vs. VTI — Risk / Return Rank
PREFX
VTI
PREFX vs. VTI - 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 Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.98 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.52 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.54 | -0.70 |
Martin ratioReturn relative to average drawdown | 2.76 | 7.30 | -4.54 |
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 | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.98 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.61 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.75 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.03 |
Correlation
The correlation between PREFX and VTI is 0.94, 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. VTI - Dividend Comparison
PREFX has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
PREFX vs. VTI - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PREFX and VTI.
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Drawdown Indicators
| PREFX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -55.45% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -12.30% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -25.36% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.95% | -35.00% | -0.95% |
Current DrawdownCurrent decline from peak | -12.99% | -5.54% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -8.08% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 2.60% | +2.35% |
Volatility
PREFX vs. VTI - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 6.84% compared to Vanguard Total Stock Market ETF (VTI) at 5.48%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREFX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 5.48% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 9.75% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 19.02% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 17.41% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 18.29% | +2.92% |