PRWCX vs. VWIAX
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund (PRWCX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Performance
PRWCX vs. VWIAX - Performance Comparison
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PRWCX vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 0.28% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Returns By Period
In the year-to-date period, PRWCX achieves a -3.22% return, which is significantly lower than VWIAX's 0.28% return. Over the past 10 years, PRWCX has outperformed VWIAX with an annualized return of 11.41%, while VWIAX has yielded a comparatively lower 5.75% annualized return.
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
VWIAX
- 1D
- 0.72%
- 1M
- -2.79%
- YTD
- 0.28%
- 6M
- 1.95%
- 1Y
- 8.21%
- 3Y*
- 7.63%
- 5Y*
- 4.20%
- 10Y*
- 5.75%
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PRWCX vs. VWIAX - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than VWIAX's 0.16% expense ratio.
Return for Risk
PRWCX vs. VWIAX — Risk / Return Rank
PRWCX
VWIAX
PRWCX vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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.
| PRWCX | VWIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.24 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.75 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.75 | +0.58 |
Martin ratioReturn relative to average drawdown | 9.70 | 6.90 | +2.79 |
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
| PRWCX | VWIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.24 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.61 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.84 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.92 | -0.02 |
Correlation
The correlation between PRWCX and VWIAX is 0.75, 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
PRWCX vs. VWIAX - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 16.24%, more than VWIAX's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 8.01% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Drawdowns
PRWCX vs. VWIAX - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -41.77%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for PRWCX and VWIAX.
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Drawdown Indicators
| PRWCX | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.77% | -21.64% | -20.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -5.00% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -15.26% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -26.86% | -17.41% | -9.45% |
Current DrawdownCurrent decline from peak | -4.47% | -3.11% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -2.23% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.27% | +0.37% |
Volatility
PRWCX vs. VWIAX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund (PRWCX) has a higher volatility of 3.64% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 2.26%. This indicates that PRWCX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWCX | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 2.26% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 3.75% | +6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 6.71% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.24% | 6.96% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 6.90% | +6.08% |