PRFDX vs. JNJ
PRFDX (T. Rowe Price Equity Income Fund) is Large Cap Value Equities fund managed by T. Rowe Price, while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, PRFDX returned 11.90%/yr vs 10.46%/yr for JNJ. At a 0.46 correlation, their price movements are largely independent.
Performance
PRFDX vs. JNJ - Performance Comparison
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Returns By Period
In the year-to-date period, PRFDX achieves a 12.54% return, which is significantly lower than JNJ's 17.68% return. Over the past 10 years, PRFDX has outperformed JNJ with an annualized return of 11.90%, while JNJ has yielded a comparatively lower 10.46% annualized return.
PRFDX
- 1D
- 1.76%
- 1M
- 2.70%
- YTD
- 12.54%
- 6M
- 12.89%
- 1Y
- 23.91%
- 3Y*
- 16.25%
- 5Y*
- 9.69%
- 10Y*
- 11.90%
JNJ
- 1D
- 1.07%
- 1M
- 6.86%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.15%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
PRFDX vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 12.54% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between PRFDX and JNJ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986 | 0.46 |
Over the past year, the correlation between PRFDX and JNJ has dropped to 0.18 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
PRFDX vs. JNJ — Risk / Return Rank
PRFDX
JNJ
PRFDX vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income Fund (PRFDX) and Johnson & Johnson (JNJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRFDX | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.61 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 5.28 | -2.13 |
| Martin ratioReturn relative to average drawdown | 11.66 | 15.52 | -3.87 |
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Drawdowns
PRFDX vs. JNJ - Drawdown Comparison
The maximum PRFDX drawdown since its inception was -58.12%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for PRFDX and JNJ.
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Drawdown Indicators
| PRFDX | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.12% | -50.67% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -10.96% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -15.95% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -18.41% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -27.37% | -12.34% |
Current DrawdownCurrent decline from peak | -0.23% | -2.54% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -11.90% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.72% | -1.75% |
Volatility
PRFDX vs. JNJ - Volatility Comparison
The current volatility for T. Rowe Price Equity Income Fund (PRFDX) is 3.56%, while Johnson & Johnson (JNJ) has a volatility of 5.47%. This indicates that PRFDX experiences smaller price fluctuations and is considered to be less risky than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFDX | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 5.47% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 12.16% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 16.94% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 16.87% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 18.48% | -0.61% |
Dividends
PRFDX vs. JNJ - Dividend Comparison
PRFDX's dividend yield for the trailing twelve months is around 2.42%, more than JNJ's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
PRFDX T. Rowe Price Equity Income Fund | 2.42% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
Frequently Asked Questions
PRFDX and JNJ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNJ has higher volatility (5.47%) compared to PRFDX (3.56%). In terms of maximum drawdown, PRFDX dropped -58.12% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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