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PRWAX vs. FDSVX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

PRWAX vs. FDSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Fidelity Growth Discovery Fund (FDSVX). The values are adjusted to include any dividend payments, if applicable.

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PRWAX vs. FDSVX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PRWAX
T. Rowe Price All-Cap Opportunities Fund
-12.37%26.78%25.24%29.02%-21.37%20.63%44.73%35.08%1.26%34.51%
FDSVX
Fidelity Growth Discovery Fund
-9.28%15.14%30.19%35.63%-24.43%22.93%43.43%33.77%-0.33%34.63%

Returns By Period

In the year-to-date period, PRWAX achieves a -12.37% return, which is significantly lower than FDSVX's -9.28% return. Both investments have delivered pretty close results over the past 10 years, with PRWAX having a 16.95% annualized return and FDSVX not far behind at 16.49%.


PRWAX

1D
-0.24%
1M
-9.15%
YTD
-12.37%
6M
-3.78%
1Y
16.34%
3Y*
18.79%
5Y*
10.36%
10Y*
16.95%

FDSVX

1D
-0.83%
1M
-9.01%
YTD
-9.28%
6M
-8.54%
1Y
13.99%
3Y*
18.76%
5Y*
10.73%
10Y*
16.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PRWAX vs. FDSVX - Expense Ratio Comparison

PRWAX has a 0.76% expense ratio, which is lower than FDSVX's 0.77% expense ratio.


Return for Risk

PRWAX vs. FDSVX — Risk / Return Rank

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

PRWAX
PRWAX Risk / Return Rank: 4545
Overall Rank
PRWAX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
PRWAX Sortino Ratio Rank: 5353
Sortino Ratio Rank
PRWAX Omega Ratio Rank: 5252
Omega Ratio Rank
PRWAX Calmar Ratio Rank: 3939
Calmar Ratio Rank
PRWAX Martin Ratio Rank: 3636
Martin Ratio Rank

FDSVX
FDSVX Risk / Return Rank: 2929
Overall Rank
FDSVX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
FDSVX Sortino Ratio Rank: 3030
Sortino Ratio Rank
FDSVX Omega Ratio Rank: 2929
Omega Ratio Rank
FDSVX Calmar Ratio Rank: 3030
Calmar Ratio Rank
FDSVX Martin Ratio Rank: 2929
Martin Ratio Rank
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.

PRWAX vs. FDSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Fidelity Growth Discovery Fund (FDSVX). 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.


PRWAXFDSVXDifference

Sharpe ratio

Return per unit of total volatility

0.87

0.64

+0.23

Sortino ratio

Return per unit of downside risk

1.42

1.04

+0.38

Omega ratio

Gain probability vs. loss probability

1.20

1.15

+0.06

Calmar ratio

Return relative to maximum drawdown

1.02

0.85

+0.17

Martin ratio

Return relative to average drawdown

3.79

3.08

+0.71

PRWAX vs. FDSVX - Sharpe Ratio Comparison

The current PRWAX Sharpe Ratio is 0.87, which is higher than the FDSVX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of PRWAX and FDSVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


PRWAXFDSVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

0.64

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.53

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.81

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.50

+0.10

Correlation

The correlation between PRWAX and FDSVX is 0.93, 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.


Dividends

PRWAX vs. FDSVX - Dividend Comparison

PRWAX's dividend yield for the trailing twelve months is around 19.01%, more than FDSVX's 1.74% yield.


TTM20252024202320222021202020192018201720162015
PRWAX
T. Rowe Price All-Cap Opportunities Fund
19.01%16.66%9.22%5.10%3.11%20.51%15.44%7.01%12.58%12.30%6.19%8.84%
FDSVX
Fidelity Growth Discovery Fund
1.74%1.58%12.81%2.55%3.65%13.46%9.63%4.28%5.02%4.87%0.09%0.17%

Drawdowns

PRWAX vs. FDSVX - Drawdown Comparison

The maximum PRWAX drawdown since its inception was -55.06%, smaller than the maximum FDSVX drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for PRWAX and FDSVX.


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Drawdown Indicators


PRWAXFDSVXDifference

Max Drawdown

Largest peak-to-trough decline

-55.06%

-59.34%

+4.28%

Max Drawdown (1Y)

Largest decline over 1 year

-14.05%

-13.05%

-1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-29.38%

-29.83%

+0.45%

Max Drawdown (10Y)

Largest decline over 10 years

-30.50%

-31.09%

+0.59%

Current Drawdown

Current decline from peak

-14.05%

-12.53%

-1.52%

Average Drawdown

Average peak-to-trough decline

-9.92%

-12.67%

+2.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

3.60%

+0.19%

Volatility

PRWAX vs. FDSVX - Volatility Comparison

The current volatility for T. Rowe Price All-Cap Opportunities Fund (PRWAX) is 4.90%, while Fidelity Growth Discovery Fund (FDSVX) has a volatility of 6.23%. This indicates that PRWAX experiences smaller price fluctuations and is considered to be less risky than FDSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PRWAXFDSVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.90%

6.23%

-1.33%

Volatility (6M)

Calculated over the trailing 6-month period

12.45%

12.65%

-0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

19.42%

21.83%

-2.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.88%

20.25%

-2.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

20.48%

-1.66%