PRWCX vs. VWIAX
PRWCX (T. Rowe Price Capital Appreciation Fund) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both Diversified Portfolio funds. Both are actively managed. Over the past 10 years, PRWCX returned 11.04%/yr vs 5.63%/yr for VWIAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PRWCX charges 0.68%/yr vs 0.16%/yr for VWIAX.
Performance
PRWCX vs. VWIAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWCX achieves a 5.93% return, which is significantly higher than VWIAX's 3.71% return. Over the past 10 years, PRWCX has outperformed VWIAX with an annualized return of 11.04%, while VWIAX has yielded a comparatively lower 5.63% annualized return.
PRWCX
- 1D
- 0.93%
- 1M
- -0.55%
- 6M
- 5.52%
- YTD
- 5.93%
- 1Y
- 10.47%
- 3Y*
- 11.92%
- 5Y*
- 8.12%
- 10Y*
- 11.04%
- ALL TIME*
- 11.19%
VWIAX
- 1D
- 0.06%
- 1M
- -0.06%
- 6M
- 2.25%
- YTD
- 3.71%
- 1Y
- 8.97%
- 3Y*
- 7.97%
- 5Y*
- 3.92%
- 10Y*
- 5.63%
- ALL TIME*
- 6.25%
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. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 5.93% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.71% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Correlation
The correlation between PRWCX and VWIAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 14, 2001 | 0.75 |
The correlation between PRWCX and VWIAX shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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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.
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 | VWIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.09 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.31 | 7.89 | -1.59 |
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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 | -6.32% | -4.15% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -5.78% | -10.18% |
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 | -1.46% | -0.60% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.21% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.10% | +0.44% |
Volatility
PRWCX vs. VWIAX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund (PRWCX) has a higher volatility of 2.01% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.37%. 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 | 2.01% | 1.37% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.57% | 3.95% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 5.17% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 7.00% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 6.93% | +5.79% |
PRWCX vs. VWIAX - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than VWIAX's 0.16% expense ratio.
Dividends
PRWCX vs. VWIAX - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 8.32%, more than VWIAX's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 8.32% | 8.81% | 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 | 7.83% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Frequently Asked Questions
PRWCX and VWIAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRWCX has higher volatility (2.01%) compared to VWIAX (1.37%). In terms of maximum drawdown, PRWCX dropped -41.77% vs VWIAX's -21.64%.
VWIAX currently has the higher Sharpe Ratio (1.69 vs 1.23), 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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