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PRFDX vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRFDX vs. SLV

Last updated Jun 9, 2026

PRFDX (T. Rowe Price Equity Income Fund) and SLV (iShares Silver Trust) are both funds - PRFDX is a Large Cap Value Equities fund managed by T. Rowe Price, while SLV is a Silver fund tracking the LBMA Silver Price. Over the past 10 years, PRFDX returned 11.50%/yr vs 14.08%/yr for SLV. At a 0.20 correlation, their price movements are largely independent. PRFDX charges 0.63%/yr vs 0.50%/yr for SLV.

Performance

PRFDX vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income Fund (PRFDX) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRFDX achieves a 11.11% return, which is significantly higher than SLV's -4.41% return. Over the past 10 years, PRFDX has underperformed SLV with an annualized return of 11.50%, while SLV has yielded a comparatively higher 14.08% annualized return.

PRFDX

1D
-1.50%
1M
0.75%
YTD
11.11%
6M
13.55%
1Y
22.00%
3Y*
16.28%
5Y*
9.22%
10Y*
11.50%

SLV

1D
0.02%
1M
-15.66%
YTD
-4.41%
6M
16.83%
1Y
88.38%
3Y*
40.36%
5Y*
19.02%
10Y*
14.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRFDX vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRFDX
T. Rowe Price Equity Income Fund		11.11%14.60%11.85%9.75%-3.25%25.60%1.28%33.66%-9.29%15.46%
SLV
iShares Silver Trust		-4.41%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%

Correlation

The correlation between PRFDX and SLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2006

0.20

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T. Rowe Price Equity Income Fund

iShares Silver Trust

Often compared with PRFDX:
PRFDX vs. PRDGXPRFDX vs. PREIXPRFDX vs. SCHDPRFDX vs. VEIPXPRFDX vs. TRVLXPRFDX vs. AABTXPRFDX vs. PRWCX
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

PRFDX vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRFDX
PRFDX Risk / Return Rank: 6262
Overall Rank
PRFDX Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
PRFDX Sortino Ratio Rank: 6060
Sortino Ratio Rank
PRFDX Omega Ratio Rank: 5555
Omega Ratio Rank
PRFDX Calmar Ratio Rank: 7373
Calmar Ratio Rank
PRFDX Martin Ratio Rank: 6363
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 4343
Overall Rank
SLV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3838
Sortino Ratio Rank
SLV Omega Ratio Rank: 5454
Omega Ratio Rank
SLV Calmar Ratio Rank: 4747
Calmar Ratio Rank
SLV Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRFDX vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income Fund (PRFDX) and iShares Silver Trust (SLV). 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.

PRFDXSLVDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.50

+0.67

Sortino ratioReturn per unit of downside risk
3.11
1.80

+1.32

Omega ratioGain probability vs. loss probability

1.39

1.30

+0.09

Calmar ratioReturn relative to maximum drawdown

3.19

2.09

+1.10

Martin ratioReturn relative to average drawdown

11.86

4.40

+7.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRFDX vs. SLV - Sharpe Ratio Comparison

The current PRFDX Sharpe Ratio is 2.17, which is higher than the SLV Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of PRFDX and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PRFDXSLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

1.50

+0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.53

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.44

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.23

+0.37

Drawdowns

PRFDX vs. SLV - Drawdown Comparison

The maximum PRFDX drawdown since its inception was -58.12%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for PRFDX and SLV.

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Drawdown Indicators

PRFDXSLVDifference

Max Drawdown

Largest peak-to-trough decline

-58.12%

-76.28%

+18.16%

Max Drawdown (1Y)

Largest decline over 1 year

-7.34%

-42.45%

+35.11%

Max Drawdown (3Y)

Largest decline over 3 years

-14.35%

-42.45%

+28.10%

Max Drawdown (5Y)

Largest decline over 5 years

-18.08%

-42.45%

+24.37%

Max Drawdown (10Y)

Largest decline over 10 years

-39.71%

-42.81%

+3.10%

Current Drawdown

Current decline from peak

-1.50%

-41.69%

+40.19%

Average Drawdown

Average peak-to-trough decline

-6.26%

-44.67%

+38.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

20.15%

-18.18%

Volatility

PRFDX vs. SLV - Volatility Comparison

The current volatility for T. Rowe Price Equity Income Fund (PRFDX) is 2.94%, while iShares Silver Trust (SLV) has a volatility of 16.89%. This indicates that PRFDX experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFDXSLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

16.89%

-13.95%

Volatility (6M)

Calculated over the trailing 6-month period

8.16%

58.88%

-50.72%

Volatility (1Y)

Calculated over the trailing 1-year period

10.80%

59.53%

-48.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.95%

36.33%

-21.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.87%

31.92%

-14.05%

PRFDX vs. SLV - Expense Ratio Comparison

PRFDX has a 0.63% expense ratio, which is higher than SLV's 0.50% expense ratio.

Dividends

PRFDX vs. SLV - Dividend Comparison

PRFDX's dividend yield for the trailing twelve months is around 2.45%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
PRFDX
T. Rowe Price Equity Income Fund		2.45%2.76%8.91%6.19%6.61%8.78%3.55%12.53%11.43%8.97%7.75%7.48%
SLV
iShares Silver Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PRFDX and SLV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLV has higher volatility (16.89%) compared to PRFDX (2.94%). In terms of maximum drawdown, PRFDX dropped -58.12% vs SLV's -76.28%.

PRFDX currently has the higher Sharpe Ratio (2.17 vs 1.50), 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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