PRFHX vs. STLG
Compare and contrast key facts about T. Rowe Price Tax Free High Yield Fund (PRFHX) and iShares Factors US Growth Style ETF (STLG).
PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985. STLG is a passively managed fund by iShares that tracks the performance of the Russell US Large Cap Factors Growth Style Index. It was launched on Jan 14, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFHX or STLG.
Performance
PRFHX vs. STLG - Performance Comparison
Returns By Period
In the year-to-date period, PRFHX achieves a 6.38% return, which is significantly lower than STLG's 34.09% return.
PRFHX
6.38%
0.05%
4.58%
11.57%
1.69%
3.13%
STLG
34.09%
3.23%
13.22%
40.56%
N/A
N/A
Key characteristics
| PRFHX | STLG | |
|---|---|---|
| Sharpe Ratio | 2.91 | 2.25 |
| Sortino Ratio | 4.54 | 2.95 |
| Omega Ratio | 1.73 | 1.41 |
| Calmar Ratio | 0.99 | 3.02 |
| Martin Ratio | 15.31 | 11.49 |
| Ulcer Index | 0.77% | 3.53% |
| Daily Std Dev | 4.05% | 18.01% |
| Max Drawdown | -24.76% | -31.34% |
| Current Drawdown | -1.65% | -2.52% |
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PRFHX vs. STLG - Expense Ratio Comparison
PRFHX has a 0.63% expense ratio, which is higher than STLG's 0.25% expense ratio.
Correlation
The correlation between PRFHX and STLG is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
PRFHX vs. STLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax Free High Yield Fund (PRFHX) and iShares Factors US Growth Style ETF (STLG). 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.
Dividends
PRFHX vs. STLG - Dividend Comparison
PRFHX's dividend yield for the trailing twelve months is around 3.66%, more than STLG's 0.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.66% | 3.62% | 3.75% | 2.98% | 3.50% | 3.53% | 3.68% | 3.62% | 3.89% | 4.01% | 4.13% | 4.58% |
STLG iShares Factors US Growth Style ETF | 0.32% | 0.22% | 0.14% | 0.00% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRFHX vs. STLG - Drawdown Comparison
The maximum PRFHX drawdown since its inception was -24.76%, smaller than the maximum STLG drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for PRFHX and STLG. For additional features, visit the drawdowns tool.
Volatility
PRFHX vs. STLG - Volatility Comparison
The current volatility for T. Rowe Price Tax Free High Yield Fund (PRFHX) is 1.60%, while iShares Factors US Growth Style ETF (STLG) has a volatility of 5.80%. This indicates that PRFHX experiences smaller price fluctuations and is considered to be less risky than STLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.