PRWAX vs. SCHD
Compare and contrast key facts about T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Schwab U.S. 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.
Performance
PRWAX vs. SCHD - Performance Comparison
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PRWAX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | -9.59% | 26.78% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
SCHD Schwab U.S. Dividend Equity ETF | 12.17% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, PRWAX achieves a -9.59% return, which is significantly lower than SCHD's 12.17% return. Over the past 10 years, PRWAX has outperformed SCHD with an annualized return of 17.31%, while SCHD has yielded a comparatively lower 12.25% annualized return.
PRWAX
- 1D
- 3.16%
- 1M
- -6.00%
- YTD
- -9.59%
- 6M
- -0.70%
- 1Y
- 19.69%
- 3Y*
- 20.03%
- 5Y*
- 10.67%
- 10Y*
- 17.31%
SCHD
- 1D
- -0.55%
- 1M
- -3.43%
- YTD
- 12.17%
- 6M
- 12.91%
- 1Y
- 13.70%
- 3Y*
- 11.84%
- 5Y*
- 8.32%
- 10Y*
- 12.25%
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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.
Return for Risk
PRWAX vs. SCHD — Risk / Return Rank
PRWAX
SCHD
PRWAX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Schwab U.S. 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.
| PRWAX | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.88 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.32 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.05 | +0.24 |
Martin ratioReturn relative to average drawdown | 4.75 | 3.55 | +1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRWAX | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.88 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.58 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.74 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.84 | -0.24 |
Correlation
The correlation between PRWAX and SCHD is 0.71, 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. SCHD - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 18.43%, more than SCHD's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 18.43% | 16.66% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
SCHD Schwab U.S. Dividend Equity ETF | 3.46% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
PRWAX vs. SCHD - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -55.06%, 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.
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Drawdown Indicators
| PRWAX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -33.37% | -21.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -12.74% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -16.85% | -12.53% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -33.37% | +2.87% |
Current DrawdownCurrent decline from peak | -11.33% | -3.43% | -7.90% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -3.34% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.75% | +0.04% |
Volatility
PRWAX vs. SCHD - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a higher volatility of 6.07% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. 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.
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Volatility by Period
| PRWAX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 2.33% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 7.96% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.62% | 15.69% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 14.40% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 16.70% | +2.14% |