PRFDX vs. VEIPX
Compare and contrast key facts about T. Rowe Price Equity Income Fund (PRFDX) and Vanguard Equity Income Fund Investor Shares (VEIPX).
PRFDX is managed by T. Rowe Price. It was launched on Oct 31, 1985. VEIPX is managed by Vanguard. It was launched on Mar 21, 1988.
Performance
PRFDX vs. VEIPX - Performance Comparison
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PRFDX vs. VEIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 0.85% | 15.88% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
VEIPX Vanguard Equity Income Fund Investor Shares | 1.48% | 17.14% | 14.80% | 7.66% | -0.16% | 25.41% | 2.97% | 25.21% | -5.75% | 17.60% |
Returns By Period
In the year-to-date period, PRFDX achieves a 0.85% return, which is significantly lower than VEIPX's 1.48% return. Both investments have delivered pretty close results over the past 10 years, with PRFDX having a 11.10% annualized return and VEIPX not far ahead at 11.24%.
PRFDX
- 1D
- 1.86%
- 1M
- -5.07%
- YTD
- 0.85%
- 6M
- 5.90%
- 1Y
- 12.56%
- 3Y*
- 13.03%
- 5Y*
- 8.78%
- 10Y*
- 11.10%
VEIPX
- 1D
- 1.64%
- 1M
- -4.28%
- YTD
- 1.48%
- 6M
- 4.75%
- 1Y
- 15.97%
- 3Y*
- 14.51%
- 5Y*
- 10.69%
- 10Y*
- 11.24%
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PRFDX vs. VEIPX - Expense Ratio Comparison
PRFDX has a 0.63% expense ratio, which is higher than VEIPX's 0.28% expense ratio.
Return for Risk
PRFDX vs. VEIPX — Risk / Return Rank
PRFDX
VEIPX
PRFDX vs. VEIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income Fund (PRFDX) and Vanguard Equity Income Fund Investor Shares (VEIPX). 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.
| PRFDX | VEIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.05 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.53 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.53 | -0.56 |
Martin ratioReturn relative to average drawdown | 4.10 | 6.72 | -2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRFDX | VEIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.05 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.77 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.69 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.64 | -0.05 |
Correlation
The correlation between PRFDX and VEIPX is 0.96, 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.
Dividends
PRFDX vs. VEIPX - Dividend Comparison
PRFDX's dividend yield for the trailing twelve months is around 3.80%, less than VEIPX's 10.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 3.80% | 3.87% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
VEIPX Vanguard Equity Income Fund Investor Shares | 10.84% | 10.94% | 9.74% | 7.87% | 8.69% | 7.62% | 2.77% | 4.36% | 10.87% | 2.98% | 3.78% | 6.39% |
Drawdowns
PRFDX vs. VEIPX - Drawdown Comparison
The maximum PRFDX drawdown since its inception was -58.12%, which is greater than VEIPX's maximum drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for PRFDX and VEIPX.
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Drawdown Indicators
| PRFDX | VEIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.12% | -54.12% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -10.97% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -15.16% | -2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -35.26% | -4.45% |
Current DrawdownCurrent decline from peak | -5.54% | -5.33% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -5.52% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.49% | +0.41% |
Volatility
PRFDX vs. VEIPX - Volatility Comparison
T. Rowe Price Equity Income Fund (PRFDX) has a higher volatility of 4.24% compared to Vanguard Equity Income Fund Investor Shares (VEIPX) at 3.68%. This indicates that PRFDX's price experiences larger fluctuations and is considered to be riskier than VEIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFDX | VEIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.68% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 7.86% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 15.05% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 13.92% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.30% | +1.58% |