PRSGX vs. SWEGX

Last updated Jun 26, 2026

PRSGX (T. Rowe Price Spectrum Diversified Equity Fund) and SWEGX (Schwab MarketTrack All Equity Portfolio™) are both mutual funds - PRSGX is a Large Cap Blend Equities fund managed by T. Rowe Price, while SWEGX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, PRSGX returned 12.18%/yr vs 12.82%/yr for SWEGX. With a 0.97 correlation, they move nearly in lockstep. PRSGX charges 0.73%/yr vs 0.39%/yr for SWEGX.

Performance

PRSGX vs. SWEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRSGX achieves a 6.70% return, which is significantly lower than SWEGX's 10.11% return. Over the past 10 years, PRSGX has underperformed SWEGX with an annualized return of 12.18%, while SWEGX has yielded a comparatively higher 12.82% annualized return.

PRSGX

• 1D: 0.18%
• 1M: -1.24%
• YTD: 6.70%
• 6M: 5.33%
• 1Y: 17.48%
• 3Y*: 16.47%
• 5Y*: 8.14%
• 10Y*: 12.18%

SWEGX

• 1D: -0.07%
• 1M: -1.64%
• YTD: 10.11%
• 6M: 9.16%
• 1Y: 24.22%
• 3Y*: 20.10%
• 5Y*: 10.86%
• 10Y*: 12.82%

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

PRSGX vs. SWEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	6.70%	14.59%	17.16%	20.89%	-18.86%	20.65%	18.34%	27.08%	-8.66%	24.22%
SWEGX Schwab MarketTrack All Equity Portfolio™	10.11%	20.82%	13.86%	25.13%	-16.24%	22.68%	11.13%	25.55%	-9.53%	19.84%

Correlation

The correlation between PRSGX and SWEGX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.97

The correlation between PRSGX and SWEGX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

Return for Risk

PRSGX vs. SWEGX — Risk / Return Rank

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

PRSGX

PRSGX Risk / Return Rank: 38
PRSGX Sharpe Ratio Rank: 35
PRSGX Sortino Ratio Rank: 35
PRSGX Omega Ratio Rank: 36
PRSGX Calmar Ratio Rank: 37
PRSGX Martin Ratio Rank: 49

SWEGX

SWEGX Risk / Return Rank: 62
SWEGX Sharpe Ratio Rank: 61
SWEGX Sortino Ratio Rank: 58
SWEGX Omega Ratio Rank: 58
SWEGX Calmar Ratio Rank: 64
SWEGX Martin Ratio Rank: 70

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.

PRSGX vs. SWEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX). 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.

	PRSGX	SWEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.90	-0.46
Sortino ratio: Return per unit of downside risk	2.08	2.64	-0.56
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.01	2.67	-0.66
Martin ratio: Return relative to average drawdown	8.77	11.35	-2.58

PRSGX vs. SWEGX - Sharpe Ratio Comparison

The current PRSGX Sharpe Ratio is 1.44, which is comparable to the SWEGX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PRSGX and SWEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRSGX vs. SWEGX - Drawdown Comparison

The maximum PRSGX drawdown since its inception was -56.47%, roughly equal to the maximum SWEGX drawdown of -57.57%. Use the drawdown chart below to compare losses from any high point for PRSGX and SWEGX.

Drawdown Indicators

	PRSGX	SWEGX	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-57.57%	+1.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-8.93%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-17.48%	-16.19%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	-24.87%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.52%	-36.08%	+1.56%
Current Drawdown Current decline from peak	-1.88%	-2.37%	+0.49%
Average Drawdown Average peak-to-trough decline	-7.45%	-10.34%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.10%	-0.09%

Volatility

PRSGX vs. SWEGX - Volatility Comparison

T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX) have volatilities of 4.67% and 4.64%, 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.

Volatility by Period

	PRSGX	SWEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	4.64%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	10.06%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	12.56%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	15.95%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	17.27%	-0.11%

PRSGX vs. SWEGX - Expense Ratio Comparison

PRSGX has a 0.73% expense ratio, which is higher than SWEGX's 0.39% expense ratio.

Dividends

PRSGX vs. SWEGX - Dividend Comparison

PRSGX's dividend yield for the trailing twelve months is around 14.05%, more than SWEGX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRSGX T. Rowe Price Spectrum Diversified Equity Fund	14.05%	14.99%	6.66%	4.93%	10.33%	6.54%	13.48%	9.06%	11.25%	6.98%	6.39%	11.48%
SWEGX Schwab MarketTrack All Equity Portfolio™	6.64%	7.32%	7.58%	6.29%	4.93%	3.90%	6.78%	6.54%	4.85%	3.49%	4.54%	11.29%

Frequently Asked Questions

Can I hold both PRSGX and SWEGX in my portfolio?

With a correlation of 0.91, PRSGX and SWEGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PRSGX or SWEGX?

PRSGX has higher volatility (4.67%) compared to SWEGX (4.64%). In terms of maximum drawdown, PRSGX dropped -56.47% vs SWEGX's -57.57%.

Which has better risk-adjusted returns?

SWEGX currently has the higher Sharpe Ratio (1.90 vs 1.44), 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.