PRWAX vs. SCHD
Compare and contrast key facts about T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Schwab US Dividend Equity ETF (SCHD).
PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWAX or SCHD.
Performance
PRWAX vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, PRWAX achieves a 24.85% return, which is significantly higher than SCHD's 15.93% return. Over the past 10 years, PRWAX has underperformed SCHD with an annualized return of 5.22%, while SCHD has yielded a comparatively higher 11.46% annualized return.
PRWAX
24.85%
-0.21%
8.33%
25.43%
7.40%
5.22%
SCHD
15.93%
-0.59%
9.36%
25.99%
12.42%
11.46%
Key characteristics
| PRWAX | SCHD | |
|---|---|---|
| Sharpe Ratio | 1.88 | 2.25 |
| Sortino Ratio | 2.46 | 3.25 |
| Omega Ratio | 1.36 | 1.39 |
| Calmar Ratio | 0.97 | 3.05 |
| Martin Ratio | 10.62 | 12.25 |
| Ulcer Index | 2.44% | 2.04% |
| Daily Std Dev | 13.78% | 11.09% |
| Max Drawdown | -70.45% | -33.37% |
| Current Drawdown | -6.48% | -1.82% |
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PRWAX vs. SCHD - Expense Ratio Comparison
PRWAX has a 0.76% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between PRWAX and SCHD is 0.74, 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
PRWAX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Schwab US Dividend Equity ETF (SCHD). 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
PRWAX vs. SCHD - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 0.16%, less than SCHD's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 0.16% | 0.20% | 0.00% | 0.00% | 0.03% | 0.40% | 0.23% | 0.17% | 0.05% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.41% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PRWAX vs. SCHD - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -70.45%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PRWAX and SCHD. For additional features, visit the drawdowns tool.
Volatility
PRWAX vs. SCHD - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a higher volatility of 4.00% compared to Schwab US Dividend Equity ETF (SCHD) at 3.55%. This indicates that PRWAX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.