PRSIX vs. IVV
Compare and contrast key facts about T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and iShares Core S&P 500 ETF (IVV).
PRSIX is managed by T. Rowe Price. It was launched on Jul 28, 1994. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSIX or IVV.
Key characteristics
PRSIX | IVV | |
---|---|---|
YTD Return | 8.57% | 19.04% |
1Y Return | 14.04% | 26.62% |
3Y Return (Ann) | 1.58% | 9.85% |
5Y Return (Ann) | 5.38% | 15.18% |
10Y Return (Ann) | 5.33% | 12.93% |
Sharpe Ratio | 2.43 | 2.19 |
Daily Std Dev | 5.95% | 12.70% |
Max Drawdown | -29.56% | -55.25% |
Current Drawdown | 0.00% | -0.51% |
Correlation
The correlation between PRSIX and IVV is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRSIX vs. IVV - Performance Comparison
In the year-to-date period, PRSIX achieves a 8.57% return, which is significantly lower than IVV's 19.04% return. Over the past 10 years, PRSIX has underperformed IVV with an annualized return of 5.33%, while IVV has yielded a comparatively higher 12.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRSIX vs. IVV - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
PRSIX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
PRSIX vs. IVV - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 3.74%, more than IVV's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
T. Rowe Price Spectrum Conservative Allocation Fund | 3.74% | 3.78% | 5.63% | 7.63% | 3.77% | 3.70% | 5.27% | 3.89% | 2.22% | 4.56% | 5.79% | 5.01% |
iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
PRSIX vs. IVV - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -29.56%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PRSIX and IVV. For additional features, visit the drawdowns tool.
Volatility
PRSIX vs. IVV - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) is 1.77%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.26%. This indicates that PRSIX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.