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

PREIX vs. PRWCX

Last updated May 11, 2025

Compare and contrast key facts about T. Rowe Price Equity Index 500 Fund (PREIX) and T. Rowe Price Capital Appreciation Fund (PRWCX).

PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREIX or PRWCX.

Correlation

The correlation between PREIX and PRWCX is 0.86, 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

PREIX vs. PRWCX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

PREIX:

0.51

PRWCX:

0.72

Sortino Ratio

PREIX:

0.87

PRWCX:

1.14

Omega Ratio

PREIX:

1.13

PRWCX:

1.16

Calmar Ratio

PREIX:

0.55

PRWCX:

0.88

Martin Ratio

PREIX:

2.13

PRWCX:

3.80

Ulcer Index

PREIX:

4.86%

PRWCX:

2.19%

Daily Std Dev

PREIX:

19.36%

PRWCX:

11.21%

Max Drawdown

PREIX:

-55.32%

PRWCX:

-41.77%

Current Drawdown

PREIX:

-7.67%

PRWCX:

-2.70%

Returns By Period

In the year-to-date period, PREIX achieves a -3.41% return, which is significantly lower than PRWCX's 0.81% return. Over the past 10 years, PREIX has outperformed PRWCX with an annualized return of 12.00%, while PRWCX has yielded a comparatively lower 10.22% annualized return.

PREIX

YTD

-3.41%

1M

7.49%

6M

-5.11%

1Y

9.57%

5Y*

15.47%

10Y*

12.00%

PRWCX

YTD

0.81%

1M

4.09%

6M

-1.24%

1Y

8.02%

5Y*

11.49%

10Y*

10.22%

*Annualized

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PREIX vs. PRWCX - Expense Ratio Comparison

PREIX has a 0.15% expense ratio, which is lower than PRWCX's 0.68% expense ratio.

PRWCX
T. Rowe Price Capital Appreciation Fund
PREIX
T. Rowe Price Equity Index 500 Fund

Risk-Adjusted Performance

PREIX vs. PRWCX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PREIX
The Risk-Adjusted Performance Rank of PREIX is 6363
Overall Rank
The Sharpe Ratio Rank of PREIX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of PREIX is 6161
Sortino Ratio Rank
The Omega Ratio Rank of PREIX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of PREIX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of PREIX is 6363
Martin Ratio Rank
PRWCX
The Risk-Adjusted Performance Rank of PRWCX is 7777
Overall Rank
The Sharpe Ratio Rank of PRWCX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of PRWCX is 7272
Sortino Ratio Rank
The Omega Ratio Rank of PRWCX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of PRWCX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of PRWCX is 8282
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PREIX vs. PRWCX - Risk-Adjusted Performance Comparison

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

The current PREIX Sharpe Ratio is 0.51, which is comparable to the PRWCX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of PREIX and PRWCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

PREIX vs. PRWCX - Dividend Comparison

PREIX's dividend yield for the trailing twelve months is around 1.16%, less than PRWCX's 2.31% yield.

TTM20242023202220212020201920182017201620152014
PREIX
T. Rowe Price Equity Index 500 Fund		1.16%1.13%1.33%1.50%1.15%1.56%1.78%1.95%1.65%1.83%2.02%1.69%
PRWCX
T. Rowe Price Capital Appreciation Fund		2.31%2.33%2.11%1.57%0.95%1.17%1.54%2.53%1.31%1.57%1.52%1.42%

Drawdowns

PREIX vs. PRWCX - Drawdown Comparison

The maximum PREIX drawdown since its inception was -55.32%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for PREIX and PRWCX. For additional features, visit the drawdowns tool.

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Volatility

PREIX vs. PRWCX - Volatility Comparison

T. Rowe Price Equity Index 500 Fund (PREIX) has a higher volatility of 6.81% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 4.33%. This indicates that PREIX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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