PortfoliosLab logo
PRINX vs. PRTAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRINX and PRTAX is -0.07. 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.


Performance

PRINX vs. PRTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Summit Municipal Income Fund (PRINX) and T. Rowe Price Tax Free Income Fund (PRTAX). The values are adjusted to include any dividend payments, if applicable.

190.00%200.00%210.00%220.00%230.00%240.00%December2025FebruaryMarchAprilMay
227.96%
202.11%
PRINX
PRTAX

Key characteristics

Sharpe Ratio

PRINX:

0.14

PRTAX:

0.17

Sortino Ratio

PRINX:

0.22

PRTAX:

0.26

Omega Ratio

PRINX:

1.04

PRTAX:

1.04

Calmar Ratio

PRINX:

0.12

PRTAX:

0.15

Martin Ratio

PRINX:

0.44

PRTAX:

0.55

Ulcer Index

PRINX:

1.88%

PRTAX:

1.81%

Daily Std Dev

PRINX:

6.00%

PRTAX:

6.02%

Max Drawdown

PRINX:

-15.70%

PRTAX:

-17.64%

Current Drawdown

PRINX:

-4.02%

PRTAX:

-3.76%

Returns By Period

The year-to-date returns for both investments are quite close, with PRINX having a -2.09% return and PRTAX slightly higher at -2.01%. Both investments have delivered pretty close results over the past 10 years, with PRINX having a 2.13% annualized return and PRTAX not far behind at 2.04%.


PRINX

YTD

-2.09%

1M

-0.46%

6M

-1.00%

1Y

0.30%

5Y*

1.63%

10Y*

2.13%

PRTAX

YTD

-2.01%

1M

-0.44%

6M

-0.90%

1Y

0.46%

5Y*

1.58%

10Y*

2.04%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PRINX vs. PRTAX - Expense Ratio Comparison

PRINX has a 0.50% expense ratio, which is lower than PRTAX's 0.53% expense ratio.


Risk-Adjusted Performance

PRINX vs. PRTAX — Risk-Adjusted Performance Rank

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

PRINX
The Risk-Adjusted Performance Rank of PRINX is 2525
Overall Rank
The Sharpe Ratio Rank of PRINX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of PRINX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of PRINX is 2424
Omega Ratio Rank
The Calmar Ratio Rank of PRINX is 2828
Calmar Ratio Rank
The Martin Ratio Rank of PRINX is 2727
Martin Ratio Rank

PRTAX
The Risk-Adjusted Performance Rank of PRTAX is 2929
Overall Rank
The Sharpe Ratio Rank of PRTAX is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of PRTAX is 2525
Sortino Ratio Rank
The Omega Ratio Rank of PRTAX is 2727
Omega Ratio Rank
The Calmar Ratio Rank of PRTAX is 3232
Calmar Ratio Rank
The Martin Ratio Rank of PRTAX is 3030
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.

PRINX vs. PRTAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Summit Municipal Income Fund (PRINX) and T. Rowe Price Tax Free Income Fund (PRTAX). 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 current PRINX Sharpe Ratio is 0.14, which is comparable to the PRTAX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of PRINX and PRTAX, 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 Ratio0.000.501.001.502.002.50December2025FebruaryMarchAprilMay
0.05
0.08
PRINX
PRTAX

Dividends

PRINX vs. PRTAX - Dividend Comparison

PRINX's dividend yield for the trailing twelve months is around 3.19%, less than PRTAX's 3.25% yield.


TTM20242023202220212020201920182017201620152014
PRINX
T. Rowe Price Summit Municipal Income Fund
3.19%3.30%2.97%2.66%2.13%2.64%2.87%3.12%3.19%3.32%3.42%3.53%
PRTAX
T. Rowe Price Tax Free Income Fund
3.25%3.36%3.03%3.03%2.42%2.85%3.28%3.61%3.63%3.80%3.79%3.82%

Drawdowns

PRINX vs. PRTAX - Drawdown Comparison

The maximum PRINX drawdown since its inception was -15.70%, smaller than the maximum PRTAX drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for PRINX and PRTAX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-4.02%
-3.76%
PRINX
PRTAX

Volatility

PRINX vs. PRTAX - Volatility Comparison

T. Rowe Price Summit Municipal Income Fund (PRINX) and T. Rowe Price Tax Free Income Fund (PRTAX) have volatilities of 4.12% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
4.12%
4.12%
PRINX
PRTAX