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PREIX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PREIX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Index 500 Fund (PREIX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
13.18%
13.28%
PREIX
FXAIX

Returns By Period

The year-to-date returns for both investments are quite close, with PREIX having a 26.50% return and FXAIX slightly higher at 26.70%. Both investments have delivered pretty close results over the past 10 years, with PREIX having a 13.02% annualized return and FXAIX not far ahead at 13.12%.


PREIX

YTD

26.50%

1M

3.07%

6M

13.18%

1Y

32.62%

5Y (annualized)

15.57%

10Y (annualized)

13.02%

FXAIX

YTD

26.70%

1M

3.09%

6M

13.28%

1Y

32.84%

5Y (annualized)

15.78%

10Y (annualized)

13.12%

Key characteristics


PREIXFXAIX
Sharpe Ratio2.672.68
Sortino Ratio3.563.58
Omega Ratio1.501.50
Calmar Ratio3.863.89
Martin Ratio17.3017.48
Ulcer Index1.89%1.88%
Daily Std Dev12.24%12.24%
Max Drawdown-55.32%-33.79%
Current Drawdown-0.46%-0.46%

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PREIX vs. FXAIX - Expense Ratio Comparison

PREIX has a 0.15% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


PREIX
T. Rowe Price Equity Index 500 Fund
Expense ratio chart for PREIX: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Correlation

-0.50.00.51.01.0

The correlation between PREIX and FXAIX is 1.00, 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.

Risk-Adjusted Performance

PREIX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Index 500 Fund (PREIX) and Fidelity 500 Index Fund (FXAIX). 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.


Sharpe ratio
The chart of Sharpe ratio for PREIX, currently valued at 2.67, compared to the broader market-1.000.001.002.003.004.005.002.672.68
The chart of Sortino ratio for PREIX, currently valued at 3.56, compared to the broader market0.005.0010.003.563.58
The chart of Omega ratio for PREIX, currently valued at 1.50, compared to the broader market1.002.003.004.001.501.50
The chart of Calmar ratio for PREIX, currently valued at 3.86, compared to the broader market0.005.0010.0015.0020.003.863.89
The chart of Martin ratio for PREIX, currently valued at 17.30, compared to the broader market0.0020.0040.0060.0080.00100.0017.3017.48
PREIX
FXAIX

The current PREIX Sharpe Ratio is 2.67, which is comparable to the FXAIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of PREIX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.67
2.68
PREIX
FXAIX

Dividends

PREIX vs. FXAIX - Dividend Comparison

PREIX's dividend yield for the trailing twelve months is around 1.09%, less than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
PREIX
T. Rowe Price Equity Index 500 Fund
1.09%1.33%1.50%1.15%1.56%1.78%1.95%1.65%1.83%2.02%1.69%1.63%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

PREIX vs. FXAIX - Drawdown Comparison

The maximum PREIX drawdown since its inception was -55.32%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PREIX and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.46%
-0.46%
PREIX
FXAIX

Volatility

PREIX vs. FXAIX - Volatility Comparison

T. Rowe Price Equity Index 500 Fund (PREIX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.96% and 3.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.96%
3.96%
PREIX
FXAIX