PRSIX vs. TAIAX
Compare and contrast key facts about T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX).
PRSIX is managed by T. Rowe Price. It was launched on Jul 28, 1994. TAIAX is managed by American Funds. It was launched on May 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSIX or TAIAX.
Performance
PRSIX vs. TAIAX - Performance Comparison
Returns By Period
In the year-to-date period, PRSIX achieves a 9.74% return, which is significantly lower than TAIAX's 11.59% return. Over the past 10 years, PRSIX has underperformed TAIAX with an annualized return of 5.35%, while TAIAX has yielded a comparatively higher 6.56% annualized return.
PRSIX
9.74%
0.90%
4.92%
14.31%
5.32%
5.35%
TAIAX
11.59%
0.37%
6.33%
17.17%
6.81%
6.56%
Key characteristics
| PRSIX | TAIAX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 3.07 |
| Sortino Ratio | 3.86 | 4.48 |
| Omega Ratio | 1.51 | 1.59 |
| Calmar Ratio | 1.74 | 3.74 |
| Martin Ratio | 17.59 | 21.07 |
| Ulcer Index | 0.81% | 0.82% |
| Daily Std Dev | 5.49% | 5.60% |
| Max Drawdown | -29.56% | -21.42% |
| Current Drawdown | -0.44% | -0.90% |
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PRSIX vs. TAIAX - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is higher than TAIAX's 0.34% expense ratio.
Correlation
The correlation between PRSIX and TAIAX is 0.92, 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.
Risk-Adjusted Performance
PRSIX vs. TAIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX). 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. TAIAX - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 3.62%, more than TAIAX's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 3.62% | 3.77% | 2.19% | 1.31% | 1.35% | 2.30% | 2.28% | 1.69% | 2.00% | 2.14% | 2.04% | 1.85% |
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio | 2.21% | 2.45% | 2.34% | 1.86% | 2.11% | 2.33% | 2.66% | 2.40% | 2.64% | 2.69% | 3.64% | 2.71% |
Drawdowns
PRSIX vs. TAIAX - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -29.56%, which is greater than TAIAX's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for PRSIX and TAIAX. For additional features, visit the drawdowns tool.
Volatility
PRSIX vs. TAIAX - Volatility Comparison
T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) have volatilities of 1.44% and 1.44%, 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.