PRFHX vs. VONE
Compare and contrast key facts about T. Rowe Price Tax Free High Yield Fund (PRFHX) and Vanguard Russell 1000 ETF (VONE).
PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFHX or VONE.
Performance
PRFHX vs. VONE - Performance Comparison
Returns By Period
In the year-to-date period, PRFHX achieves a 6.38% return, which is significantly lower than VONE's 25.98% return. Over the past 10 years, PRFHX has underperformed VONE with an annualized return of 3.13%, while VONE has yielded a comparatively higher 12.90% annualized return.
PRFHX
6.38%
0.05%
4.58%
11.57%
1.69%
3.13%
VONE
25.98%
2.35%
14.11%
32.85%
15.45%
12.90%
Key characteristics
| PRFHX | VONE | |
|---|---|---|
| Sharpe Ratio | 2.91 | 2.71 |
| Sortino Ratio | 4.54 | 3.61 |
| Omega Ratio | 1.73 | 1.50 |
| Calmar Ratio | 0.99 | 3.90 |
| Martin Ratio | 15.31 | 17.57 |
| Ulcer Index | 0.77% | 1.90% |
| Daily Std Dev | 4.05% | 12.29% |
| Max Drawdown | -24.76% | -34.67% |
| Current Drawdown | -1.65% | -0.84% |
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PRFHX vs. VONE - Expense Ratio Comparison
PRFHX has a 0.63% expense ratio, which is higher than VONE's 0.08% expense ratio.
Correlation
The correlation between PRFHX and VONE is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
PRFHX vs. VONE - 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 Vanguard Russell 1000 ETF (VONE). 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. VONE - Dividend Comparison
PRFHX's dividend yield for the trailing twelve months is around 3.66%, more than VONE's 1.21% 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% |
VONE Vanguard Russell 1000 ETF | 1.21% | 1.40% | 1.59% | 1.16% | 1.45% | 1.66% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% | 1.70% |
Drawdowns
PRFHX vs. VONE - Drawdown Comparison
The maximum PRFHX drawdown since its inception was -24.76%, smaller than the maximum VONE drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for PRFHX and VONE. For additional features, visit the drawdowns tool.
Volatility
PRFHX vs. VONE - Volatility Comparison
The current volatility for T. Rowe Price Tax Free High Yield Fund (PRFHX) is 1.60%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 4.02%. This indicates that PRFHX experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.