PRWCX vs. VENAX
PRWCX (T. Rowe Price Capital Appreciation Fund) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price, while VENAX is a Energy Equities fund managed by Vanguard. Over the past 10 years, PRWCX returned 11.16%/yr vs 10.04%/yr for VENAX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PRWCX charges 0.68%/yr vs 0.10%/yr for VENAX.
Performance
PRWCX vs. VENAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWCX achieves a 6.66% return, which is significantly lower than VENAX's 35.05% return. Over the past 10 years, PRWCX has outperformed VENAX with an annualized return of 11.16%, while VENAX has yielded a comparatively lower 10.04% annualized return.
PRWCX
- 1D
- 0.69%
- 1M
- 0.13%
- 6M
- 6.15%
- YTD
- 6.66%
- 1Y
- 11.23%
- 3Y*
- 12.24%
- 5Y*
- 8.27%
- 10Y*
- 11.16%
- ALL TIME*
- 11.21%
VENAX
- 1D
- 1.07%
- 1M
- 11.60%
- 6M
- 20.54%
- YTD
- 35.05%
- 1Y
- 43.87%
- 3Y*
- 14.79%
- 5Y*
- 23.56%
- 10Y*
- 10.04%
- ALL TIME*
- 8.31%
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 |
PRWCX vs. VENAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 6.66% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
VENAX Vanguard Energy Index Fund Admiral Shares | 35.05% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
Correlation
The correlation between PRWCX and VENAX is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.55 |
The correlation between PRWCX and VENAX shifts across timeframes, from -0.21 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRWCX vs. VENAX — Risk / Return Rank
PRWCX
VENAX
PRWCX vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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 | VENAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.75 | -1.12 |
| Martin ratioReturn relative to average drawdown | 6.67 | 7.42 | -0.76 |
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Drawdowns
PRWCX vs. VENAX - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -41.77%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for PRWCX and VENAX.
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Drawdown Indicators
| PRWCX | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.77% | -74.42% | +32.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -15.05% | +8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -21.44% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -26.59% | +9.52% |
Max Drawdown (10Y)Largest decline over 10 years | -26.86% | -69.58% | +42.72% |
Current DrawdownCurrent decline from peak | -0.78% | -4.45% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -19.90% | +16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 5.59% | -4.05% |
Volatility
PRWCX vs. VENAX - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund (PRWCX) is 2.08%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 6.03%. This indicates that PRWCX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWCX | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 6.03% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 16.67% | -10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 20.96% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 26.17% | -13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 30.20% | -17.48% |
PRWCX vs. VENAX - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than VENAX's 0.10% expense ratio.
Dividends
PRWCX vs. VENAX - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 8.26%, more than VENAX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 8.26% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.40% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
PRWCX and VENAX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VENAX has higher volatility (6.03%) compared to PRWCX (2.08%). In terms of maximum drawdown, PRWCX dropped -41.77% vs VENAX's -74.42%.
VENAX currently has the higher Sharpe Ratio (1.98 vs 1.30), 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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