PRGFX vs. IOLZX

Last updated Jun 4, 2026

PRGFX (T. Rowe Price Growth Stock Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, PRGFX returned 16.06%/yr vs 14.51%/yr for IOLZX. A 0.79 correlation means they provide meaningful diversification when combined. PRGFX charges 0.63%/yr vs 1.04%/yr for IOLZX.

Performance

PRGFX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth Stock Fund (PRGFX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRGFX achieves a 6.97% return, which is significantly lower than IOLZX's 28.15% return. Over the past 10 years, PRGFX has outperformed IOLZX with an annualized return of 16.06%, while IOLZX has yielded a comparatively lower 14.51% annualized return.

PRGFX

• 1D: -0.44%
• 1M: 6.84%
• YTD: 6.97%
• 6M: 6.21%
• 1Y: 23.10%
• 3Y*: 24.84%
• 5Y*: 10.81%
• 10Y*: 16.06%

IOLZX

• 1D: 2.03%
• 1M: 8.48%
• YTD: 28.15%
• 6M: 30.91%
• 1Y: 50.12%
• 3Y*: 24.88%
• 5Y*: 11.20%
• 10Y*: 14.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRGFX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRGFX T. Rowe Price Growth Stock Fund	6.97%	15.64%	38.36%	45.33%	-40.12%	19.86%	36.92%	30.83%	-1.04%	33.57%
IOLZX ICON Equity Fund	28.15%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Correlation

The correlation between PRGFX and IOLZX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004	0.79

Over the past year, the correlation between PRGFX and IOLZX has dropped to 0.50 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

PRGFX vs. IOLZX — Risk / Return Rank

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

PRGFX

PRGFX Risk / Return Rank: 22
PRGFX Sharpe Ratio Rank: 28
PRGFX Sortino Ratio Rank: 25
PRGFX Omega Ratio Rank: 26
PRGFX Calmar Ratio Rank: 14
PRGFX Martin Ratio Rank: 15

IOLZX

IOLZX Risk / Return Rank: 76
IOLZX Sharpe Ratio Rank: 85
IOLZX Sortino Ratio Rank: 78
IOLZX Omega Ratio Rank: 68
IOLZX Calmar Ratio Rank: 80
IOLZX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRGFX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth Stock Fund (PRGFX) and ICON Equity Fund (IOLZX). 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.

	PRGFX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.77	-1.27
Sortino ratio: Return per unit of downside risk	2.07	3.71	-1.64
Omega ratio: Gain probability vs. loss probability	1.26	1.46	-0.20
Calmar ratio: Return relative to maximum drawdown	1.32	3.65	-2.33
Martin ratio: Return relative to average drawdown	4.21	12.92	-8.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRGFX vs. IOLZX - Sharpe Ratio Comparison

The current PRGFX Sharpe Ratio is 1.50, which is lower than the IOLZX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of PRGFX and IOLZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRGFX	IOLZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.77	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.53	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.65	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.41	+0.15

Drawdowns

PRGFX vs. IOLZX - Drawdown Comparison

The maximum PRGFX drawdown since its inception was -54.01%, roughly equal to the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for PRGFX and IOLZX.

Drawdown Indicators

	PRGFX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-54.01%	-56.03%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	-14.35%	-3.67%
Max Drawdown (3Y) Largest decline over 3 years	-22.69%	-24.71%	+2.02%
Max Drawdown (5Y) Largest decline over 5 years	-46.44%	-27.77%	-18.67%
Max Drawdown (10Y) Largest decline over 10 years	-46.44%	-41.04%	-5.40%
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-10.67%	-12.63%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	4.04%	+1.59%

Volatility

PRGFX vs. IOLZX - Volatility Comparison

The current volatility for T. Rowe Price Growth Stock Fund (PRGFX) is 3.59%, while ICON Equity Fund (IOLZX) has a volatility of 6.36%. This indicates that PRGFX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRGFX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	6.36%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	14.98%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	18.86%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	21.43%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	22.36%	-0.26%

PRGFX vs. IOLZX - Expense Ratio Comparison

PRGFX has a 0.63% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

PRGFX vs. IOLZX - Dividend Comparison

PRGFX's dividend yield for the trailing twelve months is around 12.70%, more than IOLZX's 8.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOLZX ICON Equity Fund	8.34%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%
PRGFX T. Rowe Price Growth Stock Fund	12.70%	13.58%	13.26%	3.34%	3.55%	9.34%	3.51%	1.81%	9.09%	13.57%	2.22%	7.23%

Frequently Asked Questions

Can I hold both PRGFX and IOLZX in my portfolio?

PRGFX and IOLZX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRGFX or IOLZX?

IOLZX has higher volatility (6.36%) compared to PRGFX (3.59%). In terms of maximum drawdown, PRGFX dropped -54.01% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.77 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.