PRGFX vs. PRFDX
PRGFX (T. Rowe Price Growth Stock Fund) and PRFDX (T. Rowe Price Equity Income Fund) are both mutual funds - PRGFX is a Large Cap Growth Equities fund managed by T. Rowe Price, while PRFDX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, PRGFX returned 16.13%/yr vs 12.24%/yr for PRFDX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.63% expense ratio.
Performance
PRGFX vs. PRFDX - Performance Comparison
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Returns By Period
In the year-to-date period, PRGFX achieves a 2.28% return, which is significantly lower than PRFDX's 13.61% return. Over the past 10 years, PRGFX has outperformed PRFDX with an annualized return of 16.13%, while PRFDX has yielded a comparatively lower 12.24% annualized return.
PRGFX
- 1D
- -1.20%
- 1M
- -1.92%
- YTD
- 2.28%
- 6M
- 0.91%
- 1Y
- 17.22%
- 3Y*
- 22.49%
- 5Y*
- 8.29%
- 10Y*
- 16.13%
PRFDX
- 1D
- 0.14%
- 1M
- 1.48%
- YTD
- 13.61%
- 6M
- 13.25%
- 1Y
- 24.39%
- 3Y*
- 17.01%
- 5Y*
- 10.57%
- 10Y*
- 12.24%
PRGFX vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGFX T. Rowe Price Growth Stock Fund | 2.28% | 15.64% | 38.36% | 45.33% | -40.12% | 19.86% | 36.92% | 30.83% | -1.04% | 33.57% |
PRFDX T. Rowe Price Equity Income Fund | 13.61% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
Correlation
The correlation between PRGFX and PRFDX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986 | 0.77 |
Over the past year, the correlation between PRGFX and PRFDX has dropped to 0.38 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
PRGFX vs. PRFDX — Risk / Return Rank
PRGFX
PRFDX
PRGFX vs. PRFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth Stock Fund (PRGFX) and T. Rowe Price Equity Income Fund (PRFDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRGFX | PRFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 3.46 | -2.44 |
| Martin ratioReturn relative to average drawdown | 3.22 | 12.86 | -9.64 |
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Drawdowns
PRGFX vs. PRFDX - Drawdown Comparison
The maximum PRGFX drawdown since its inception was -54.01%, smaller than the maximum PRFDX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for PRGFX and PRFDX.
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Drawdown Indicators
| PRGFX | PRFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.01% | -58.12% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -18.02% | -7.34% | -10.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -14.35% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -46.44% | -18.08% | -28.36% |
Max Drawdown (10Y)Largest decline over 10 years | -46.44% | -39.71% | -6.73% |
Current DrawdownCurrent decline from peak | -4.81% | -0.52% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -6.25% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 1.97% | +3.76% |
Volatility
PRGFX vs. PRFDX - Volatility Comparison
T. Rowe Price Growth Stock Fund (PRGFX) has a higher volatility of 6.26% compared to T. Rowe Price Equity Income Fund (PRFDX) at 3.58%. This indicates that PRGFX's price experiences larger fluctuations and is considered to be riskier than PRFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRGFX | PRFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 3.58% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.01% | 8.36% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 11.02% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 14.92% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 17.88% | +4.29% |
PRGFX vs. PRFDX - Expense Ratio Comparison
Both PRGFX and PRFDX have an expense ratio of 0.63%.
Dividends
PRGFX vs. PRFDX - Dividend Comparison
PRGFX's dividend yield for the trailing twelve months is around 13.28%, more than PRFDX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 2.40% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
PRGFX T. Rowe Price Growth Stock Fund | 13.28% | 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
PRGFX and PRFDX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGFX has higher volatility (6.26%) compared to PRFDX (3.58%). In terms of maximum drawdown, PRGFX dropped -54.01% vs PRFDX's -58.12%.
PRFDX currently has the higher Sharpe Ratio (2.31 vs 1.10), 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.
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