PRWCX vs. NFIAX
PRWCX (T. Rowe Price Capital Appreciation Fund) and NFIAX (Neuberger Berman Floating Rate Income Fund) are both mutual funds - PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price, while NFIAX is a Bank Loan fund managed by Neuberger Berman. Over the past 10 years, PRWCX returned 11.12%/yr vs 4.49%/yr for NFIAX. At a 0.24 correlation, their price movements are largely independent. PRWCX charges 0.68%/yr vs 0.97%/yr for NFIAX.
Performance
PRWCX vs. NFIAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWCX achieves a 3.69% return, which is significantly higher than NFIAX's 1.15% return. Over the past 10 years, PRWCX has outperformed NFIAX with an annualized return of 11.12%, while NFIAX has yielded a comparatively lower 4.49% annualized return.
PRWCX
- 1D
- 0.60%
- 1M
- -0.78%
- YTD
- 3.69%
- 6M
- 4.12%
- 1Y
- 11.98%
- 3Y*
- 12.55%
- 5Y*
- 8.27%
- 10Y*
- 11.12%
NFIAX
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 1.15%
- 6M
- 1.59%
- 1Y
- 5.17%
- 3Y*
- 7.57%
- 5Y*
- 4.96%
- 10Y*
- 4.49%
PRWCX vs. NFIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 3.69% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
NFIAX Neuberger Berman Floating Rate Income Fund | 1.15% | 5.83% | 8.89% | 10.92% | -3.26% | 4.27% | 3.63% | 8.31% | -1.13% | 3.19% |
Correlation
The correlation between PRWCX and NFIAX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2009 | 0.24 |
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Return for Risk
PRWCX vs. NFIAX — Risk / Return Rank
PRWCX
NFIAX
PRWCX vs. NFIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and Neuberger Berman Floating Rate Income Fund (NFIAX). 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.
| PRWCX | NFIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.92 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 4.75 | -2.93 |
| Martin ratioReturn relative to average drawdown | 7.78 | 16.22 | -8.43 |
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Drawdowns
PRWCX vs. NFIAX - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -41.77%, which is greater than NFIAX's maximum drawdown of -22.18%. Use the drawdown chart below to compare losses from any high point for PRWCX and NFIAX.
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Drawdown Indicators
| PRWCX | NFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.77% | -22.18% | -19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -1.07% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -2.19% | -13.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -6.84% | -10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.86% | -22.18% | -4.68% |
Current DrawdownCurrent decline from peak | -2.37% | -0.33% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -0.83% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 0.31% | +1.16% |
Volatility
PRWCX vs. NFIAX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund (PRWCX) has a higher volatility of 2.68% compared to Neuberger Berman Floating Rate Income Fund (NFIAX) at 0.59%. This indicates that PRWCX's price experiences larger fluctuations and is considered to be riskier than NFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWCX | NFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 0.59% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 1.57% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.72% | 2.19% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 2.69% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 4.02% | +8.73% |
PRWCX vs. NFIAX - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is lower than NFIAX's 0.97% expense ratio.
Dividends
PRWCX vs. NFIAX - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 8.50%, more than NFIAX's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
PRWCX T. Rowe Price Capital Appreciation Fund | 8.50% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Frequently Asked Questions
PRWCX and NFIAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRWCX has higher volatility (2.68%) compared to NFIAX (0.59%). In terms of maximum drawdown, PRWCX dropped -41.77% vs NFIAX's -22.18%.
NFIAX currently has the higher Sharpe Ratio (2.32 vs 1.49), 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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