PRFSX vs. VWITX
Compare and contrast key facts about T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
PRFSX is managed by T. Rowe Price. It was launched on Dec 22, 1983. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Performance
PRFSX vs. VWITX - Performance Comparison
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PRFSX vs. VWITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFSX T. Rowe Price Tax Free Short-Intermediate Fund | 0.17% | 5.77% | 3.96% | 5.73% | -4.24% | 0.17% | 3.31% | 3.66% | 1.13% | 1.74% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | -0.70% | 5.89% | 2.23% | 5.82% | -6.90% | 0.74% | 5.14% | 7.01% | 1.26% | 4.54% |
Returns By Period
In the year-to-date period, PRFSX achieves a 0.17% return, which is significantly higher than VWITX's -0.70% return. Over the past 10 years, PRFSX has underperformed VWITX with an annualized return of 1.98%, while VWITX has yielded a comparatively higher 2.27% annualized return.
PRFSX
- 1D
- 0.00%
- 1M
- -1.43%
- YTD
- 0.17%
- 6M
- 1.26%
- 1Y
- 4.28%
- 3Y*
- 4.50%
- 5Y*
- 2.28%
- 10Y*
- 1.98%
VWITX
- 1D
- 0.15%
- 1M
- -2.85%
- YTD
- -0.70%
- 6M
- 0.92%
- 1Y
- 4.55%
- 3Y*
- 3.57%
- 5Y*
- 1.44%
- 10Y*
- 2.27%
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PRFSX vs. VWITX - Expense Ratio Comparison
PRFSX has a 0.50% expense ratio, which is higher than VWITX's 0.17% expense ratio.
Return for Risk
PRFSX vs. VWITX — Risk / Return Rank
PRFSX
VWITX
PRFSX vs. VWITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). 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.
| PRFSX | VWITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.37 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.85 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.73 | 1.39 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.45 | +0.74 |
Martin ratioReturn relative to average drawdown | 8.45 | 5.63 | +2.81 |
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
| PRFSX | VWITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.37 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.45 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.67 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.76 | +0.76 |
Correlation
The correlation between PRFSX and VWITX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRFSX vs. VWITX - Dividend Comparison
PRFSX's dividend yield for the trailing twelve months is around 3.47%, more than VWITX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFSX T. Rowe Price Tax Free Short-Intermediate Fund | 3.47% | 4.12% | 4.43% | 3.67% | 1.09% | 1.22% | 1.49% | 1.62% | 1.48% | 1.37% | 1.34% | 1.41% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.96% | 3.53% | 2.70% | 2.43% | 1.83% | 2.32% | 2.80% | 2.80% | 2.72% | 2.80% | 2.88% |
Drawdowns
PRFSX vs. VWITX - Drawdown Comparison
The maximum PRFSX drawdown since its inception was -6.97%, smaller than the maximum VWITX drawdown of -29.13%. Use the drawdown chart below to compare losses from any high point for PRFSX and VWITX.
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Drawdown Indicators
| PRFSX | VWITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -29.13% | +22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -3.89% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | -11.46% | +4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | -11.46% | +4.49% |
Current DrawdownCurrent decline from peak | -1.43% | -2.85% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -3.58% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.00% | -0.44% |
Volatility
PRFSX vs. VWITX - Volatility Comparison
The current volatility for T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX) is 0.61%, while Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) has a volatility of 0.96%. This indicates that PRFSX experiences smaller price fluctuations and is considered to be less risky than VWITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFSX | VWITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.96% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 1.56% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 3.92% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 3.22% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | 3.41% | -1.24% |