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PRFHX vs. VONE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRFHX and VONE is -0.05. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

PRFHX vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Tax Free High Yield Fund (PRFHX) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
71.87%
514.56%
PRFHX
VONE

Key characteristics

Sharpe Ratio

PRFHX:

0.34

VONE:

0.52

Sortino Ratio

PRFHX:

0.47

VONE:

0.85

Omega Ratio

PRFHX:

1.09

VONE:

1.12

Calmar Ratio

PRFHX:

0.31

VONE:

0.52

Martin Ratio

PRFHX:

1.34

VONE:

2.13

Ulcer Index

PRFHX:

1.64%

VONE:

4.70%

Daily Std Dev

PRFHX:

6.51%

VONE:

19.28%

Max Drawdown

PRFHX:

-24.76%

VONE:

-34.67%

Current Drawdown

PRFHX:

-4.67%

VONE:

-10.24%

Returns By Period

In the year-to-date period, PRFHX achieves a -2.77% return, which is significantly higher than VONE's -5.96% return. Over the past 10 years, PRFHX has underperformed VONE with an annualized return of 2.56%, while VONE has yielded a comparatively higher 11.88% annualized return.


PRFHX

YTD

-2.77%

1M

-2.06%

6M

-2.73%

1Y

2.48%

5Y*

2.90%

10Y*

2.56%

VONE

YTD

-5.96%

1M

-0.99%

6M

-4.18%

1Y

9.62%

5Y*

15.63%

10Y*

11.88%

*Annualized

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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.


Expense ratio chart for PRFHX: current value is 0.63%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PRFHX: 0.63%
Expense ratio chart for VONE: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VONE: 0.08%

Risk-Adjusted Performance

PRFHX vs. VONE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRFHX
The Risk-Adjusted Performance Rank of PRFHX is 4545
Overall Rank
The Sharpe Ratio Rank of PRFHX is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of PRFHX is 3939
Sortino Ratio Rank
The Omega Ratio Rank of PRFHX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of PRFHX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of PRFHX is 4848
Martin Ratio Rank

VONE
The Risk-Adjusted Performance Rank of VONE is 6262
Overall Rank
The Sharpe Ratio Rank of VONE is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of VONE is 6060
Sortino Ratio Rank
The Omega Ratio Rank of VONE is 6262
Omega Ratio Rank
The Calmar Ratio Rank of VONE is 6565
Calmar Ratio Rank
The Martin Ratio Rank of VONE is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PRFHX, currently valued at 0.34, compared to the broader market-1.000.001.002.003.00
PRFHX: 0.34
VONE: 0.52
The chart of Sortino ratio for PRFHX, currently valued at 0.47, compared to the broader market-2.000.002.004.006.008.00
PRFHX: 0.47
VONE: 0.85
The chart of Omega ratio for PRFHX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.00
PRFHX: 1.09
VONE: 1.12
The chart of Calmar ratio for PRFHX, currently valued at 0.31, compared to the broader market0.002.004.006.008.0010.00
PRFHX: 0.31
VONE: 0.52
The chart of Martin ratio for PRFHX, currently valued at 1.34, compared to the broader market0.0010.0020.0030.0040.0050.00
PRFHX: 1.34
VONE: 2.13

The current PRFHX Sharpe Ratio is 0.34, which is lower than the VONE Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of PRFHX and VONE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.34
0.52
PRFHX
VONE

Dividends

PRFHX vs. VONE - Dividend Comparison

PRFHX's dividend yield for the trailing twelve months is around 3.98%, more than VONE's 1.31% yield.


TTM20242023202220212020201920182017201620152014
PRFHX
T. Rowe Price Tax Free High Yield Fund
3.98%3.80%3.62%3.82%3.01%3.54%3.53%3.71%3.64%3.91%4.02%4.15%
VONE
Vanguard Russell 1000 ETF
1.31%1.20%1.40%1.59%1.16%1.45%1.66%1.96%1.69%1.89%1.89%1.68%

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.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.67%
-10.24%
PRFHX
VONE

Volatility

PRFHX vs. VONE - Volatility Comparison

The current volatility for T. Rowe Price Tax Free High Yield Fund (PRFHX) is 5.35%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 13.94%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
5.35%
13.94%
PRFHX
VONE