PRFDX vs. TRVLX
PRFDX (T. Rowe Price Equity Income Fund) and TRVLX (T. Rowe Price Value Fund) are both mutual funds - PRFDX is a Dividend fund managed by T. Rowe Price, while TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, PRFDX returned 11.96%/yr vs 11.93%/yr for TRVLX. Their 0.95 correlation means they have historically moved very closely together. PRFDX charges 0.69%/yr vs 0.65%/yr for TRVLX.
Performance
PRFDX vs. TRVLX - Performance Comparison
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Returns By Period
In the year-to-date period, PRFDX achieves a 17.26% return, which is significantly lower than TRVLX's 18.62% return. Both investments have delivered pretty close results over the past 10 years, with PRFDX having a 11.96% annualized return and TRVLX not far behind at 11.93%.
PRFDX
- 1D
- 0.65%
- 1M
- 1.19%
- 6M
- 13.04%
- YTD
- 17.26%
- 1Y
- 28.99%
- 3Y*
- 15.58%
- 5Y*
- 11.23%
- 10Y*
- 11.96%
- ALL TIME*
- 10.01%
TRVLX
- 1D
- 0.35%
- 1M
- 1.89%
- 6M
- 12.55%
- YTD
- 18.62%
- 1Y
- 26.79%
- 3Y*
- 16.72%
- 5Y*
- 10.23%
- 10Y*
- 11.93%
- ALL TIME*
- 11.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRFDX vs. TRVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 17.26% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
TRVLX T. Rowe Price Value Fund | 18.62% | 12.20% | 14.98% | 12.16% | -11.37% | 29.86% | 10.48% | 26.20% | -9.44% | 17.35% |
Correlation
The correlation between PRFDX and TRVLX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1994 | 0.95 |
The correlation between PRFDX and TRVLX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
PRFDX vs. TRVLX — Risk / Return Rank
PRFDX
TRVLX
PRFDX vs. TRVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income Fund (PRFDX) and T. Rowe Price Value Fund (TRVLX). 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 | TRVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.56 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.67 | 14.38 | -0.71 |
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Drawdowns
PRFDX vs. TRVLX - Drawdown Comparison
The maximum PRFDX drawdown since its inception was -58.12%, roughly equal to the maximum TRVLX drawdown of -60.22%. Use the drawdown chart below to compare losses from any high point for PRFDX and TRVLX.
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Drawdown Indicators
| PRFDX | TRVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.12% | -60.22% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -7.05% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -13.01% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -20.35% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -38.65% | -1.06% |
Current DrawdownCurrent decline from peak | -0.44% | -0.67% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -7.47% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.76% | +0.18% |
Volatility
PRFDX vs. TRVLX - Volatility Comparison
T. Rowe Price Equity Income Fund (PRFDX) and T. Rowe Price Value Fund (TRVLX) have volatilities of 2.99% and 2.87%, 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.
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Volatility by Period
| PRFDX | TRVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.87% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 8.21% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 11.19% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 14.17% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 17.27% | +0.51% |
PRFDX vs. TRVLX - Expense Ratio Comparison
PRFDX has a 0.69% expense ratio, which is higher than TRVLX's 0.65% expense ratio.
Dividends
PRFDX vs. TRVLX - Dividend Comparison
PRFDX's dividend yield for the trailing twelve months is around 2.25%, less than TRVLX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 2.25% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
TRVLX T. Rowe Price Value Fund | 3.84% | 4.56% | 8.50% | 2.97% | 10.09% | 10.92% | 2.33% | 1.69% | 11.09% | 5.89% | 3.06% | 8.77% |
Frequently Asked Questions
With a correlation of 0.90, PRFDX and TRVLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRFDX has higher volatility (2.99%) compared to TRVLX (2.87%). In terms of maximum drawdown, PRFDX dropped -58.12% vs TRVLX's -60.22%.
PRFDX currently has the higher Sharpe Ratio (2.36 vs 2.25), 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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