PRWAX vs. SWLGX
PRWAX (T. Rowe Price All-Cap Opportunities Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. PRWAX is actively managed, while SWLGX is passively managed. Over the past 5 years, PRWAX returned 8.53%/yr vs 11.67%/yr for SWLGX. Their correlation of 0.94 means they have usually moved in the same direction. PRWAX charges 0.76%/yr vs 0.04%/yr for SWLGX.
Performance
PRWAX vs. SWLGX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWAX achieves a -1.10% return, which is significantly lower than SWLGX's -0.51% return.
PRWAX
- 1D
- 1.76%
- 1M
- -1.38%
- 6M
- -0.18%
- YTD
- -1.10%
- 1Y
- 7.57%
- 3Y*
- 14.80%
- 5Y*
- 8.53%
- 10Y*
- 16.77%
- ALL TIME*
- 11.61%
SWLGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.04%
- YTD
- -0.51%
- 1Y
- 9.24%
- 3Y*
- 18.93%
- 5Y*
- 11.67%
- 10Y*
- —
- ALL TIME*
- 16.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRWAX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.10% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | -1.05% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -0.51% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Correlation
The correlation between PRWAX and SWLGX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017 | 0.94 |
The correlation between PRWAX and SWLGX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
PRWAX vs. SWLGX — Risk / Return Rank
PRWAX
SWLGX
PRWAX vs. SWLGX - 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. Large-Cap Growth Index Fund (SWLGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRWAX | SWLGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.45 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.36 | 1.35 | +0.01 |
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Drawdowns
PRWAX vs. SWLGX - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -55.06%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for PRWAX and SWLGX.
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Drawdown Indicators
| PRWAX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -32.69% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -16.16% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -23.30% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -32.69% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | — | — |
Current DrawdownCurrent decline from peak | -3.04% | -8.74% | +5.70% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -7.03% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 5.37% | -1.24% |
Volatility
PRWAX vs. SWLGX - Volatility Comparison
The current volatility for T. Rowe Price All-Cap Opportunities Fund (PRWAX) is 4.17%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 6.40%. This indicates that PRWAX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWAX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.40% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 14.03% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 17.49% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 21.80% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 22.68% | -3.94% |
PRWAX vs. SWLGX - Expense Ratio Comparison
PRWAX has a 0.76% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Dividends
PRWAX vs. SWLGX - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 8.44%, more than SWLGX's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.44% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.46% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRWAX and SWLGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWLGX has higher volatility (6.40%) compared to PRWAX (4.17%). In terms of maximum drawdown, PRWAX dropped -55.06% vs SWLGX's -32.69%.
SWLGX currently has the higher Sharpe Ratio (0.41 vs 0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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