PRMDX vs. TBCIX
Compare and contrast key facts about T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (PRMDX) and T. Rowe Price Blue Chip Growth Fund I Class (TBCIX).
PRMDX is managed by T. Rowe Price. It was launched on Jan 28, 1993. TBCIX is managed by T. Rowe Price.
Performance
PRMDX vs. TBCIX - Performance Comparison
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PRMDX vs. TBCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMDX T. Rowe Price Maryland Short-Term Tax-Free Bond Fund | 0.43% | 5.65% | 2.22% | 3.36% | -2.29% | 0.30% | 1.15% | 2.52% | 0.98% | 1.09% |
TBCIX T. Rowe Price Blue Chip Growth Fund I Class | -14.54% | 18.94% | 48.73% | 49.61% | -38.48% | 18.30% | 34.90% | 30.30% | 2.13% | 36.68% |
Returns By Period
In the year-to-date period, PRMDX achieves a 0.43% return, which is significantly higher than TBCIX's -14.54% return. Over the past 10 years, PRMDX has underperformed TBCIX with an annualized return of 1.44%, while TBCIX has yielded a comparatively higher 15.65% annualized return.
PRMDX
- 1D
- 0.00%
- 1M
- -0.77%
- YTD
- 0.43%
- 6M
- 1.57%
- 1Y
- 5.25%
- 3Y*
- 3.49%
- 5Y*
- 1.86%
- 10Y*
- 1.44%
TBCIX
- 1D
- -0.35%
- 1M
- -8.84%
- YTD
- -14.54%
- 6M
- -12.75%
- 1Y
- 11.84%
- 3Y*
- 24.77%
- 5Y*
- 10.38%
- 10Y*
- 15.65%
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PRMDX vs. TBCIX - Expense Ratio Comparison
PRMDX has a 0.53% expense ratio, which is lower than TBCIX's 0.56% expense ratio.
Return for Risk
PRMDX vs. TBCIX — Risk / Return Rank
PRMDX
TBCIX
PRMDX vs. TBCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (PRMDX) and T. Rowe Price Blue Chip Growth Fund I Class (TBCIX). 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.
| PRMDX | TBCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.00 | 0.54 | +2.47 |
Sortino ratioReturn per unit of downside risk | 5.01 | 0.94 | +4.07 |
Omega ratioGain probability vs. loss probability | 2.37 | 1.13 | +1.24 |
Calmar ratioReturn relative to maximum drawdown | 4.16 | 0.50 | +3.66 |
Martin ratioReturn relative to average drawdown | 19.18 | 1.75 | +17.44 |
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
| PRMDX | TBCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 0.54 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.44 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.69 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.66 | +0.78 |
Correlation
The correlation between PRMDX and TBCIX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRMDX vs. TBCIX - Dividend Comparison
PRMDX's dividend yield for the trailing twelve months is around 4.73%, less than TBCIX's 6.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMDX T. Rowe Price Maryland Short-Term Tax-Free Bond Fund | 4.73% | 4.50% | 2.58% | 1.71% | 0.61% | 0.69% | 1.14% | 1.33% | 1.16% | 0.89% | 0.74% | 0.67% |
TBCIX T. Rowe Price Blue Chip Growth Fund I Class | 6.09% | 5.20% | 18.28% | 3.47% | 5.84% | 10.03% | 1.18% | 0.59% | 2.50% | 3.05% | 0.81% | 0.00% |
Drawdowns
PRMDX vs. TBCIX - Drawdown Comparison
The maximum PRMDX drawdown since its inception was -4.31%, smaller than the maximum TBCIX drawdown of -43.26%. Use the drawdown chart below to compare losses from any high point for PRMDX and TBCIX.
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Drawdown Indicators
| PRMDX | TBCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.31% | -43.26% | +38.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.36% | -16.96% | +15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -4.31% | -43.26% | +38.95% |
Max Drawdown (10Y)Largest decline over 10 years | -4.31% | -43.26% | +38.95% |
Current DrawdownCurrent decline from peak | -0.77% | -16.96% | +16.19% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -8.15% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 4.87% | -4.57% |
Volatility
PRMDX vs. TBCIX - Volatility Comparison
The current volatility for T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (PRMDX) is 0.46%, while T. Rowe Price Blue Chip Growth Fund I Class (TBCIX) has a volatility of 5.58%. This indicates that PRMDX experiences smaller price fluctuations and is considered to be less risky than TBCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRMDX | TBCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 5.58% | -5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 11.76% | -10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 22.49% | -20.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 23.88% | -22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 22.69% | -21.07% |