PRXCX vs. GUSTX
Compare and contrast key facts about T. Rowe Price California Tax Free Bond Fund (PRXCX) and GMO U.S. Treasury Fund (GUSTX).
PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986. GUSTX is managed by GMO. It was launched on Mar 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRXCX or GUSTX.
Key characteristics
| PRXCX | GUSTX | |
|---|---|---|
| YTD Return | 2.64% | 2.64% |
| 1Y Return | 9.33% | 3.58% |
| 3Y Return (Ann) | -0.11% | 2.73% |
| 5Y Return (Ann) | 1.46% | 1.91% |
| 10Y Return (Ann) | 2.48% | 1.04% |
| Sharpe Ratio | 2.47 | 2.56 |
| Sortino Ratio | 3.75 | 7.19 |
| Omega Ratio | 1.59 | 3.94 |
| Calmar Ratio | 0.99 | 17.86 |
| Martin Ratio | 12.53 | 60.57 |
| Ulcer Index | 0.75% | 0.06% |
| Daily Std Dev | 3.82% | 1.40% |
| Max Drawdown | -19.48% | -0.72% |
| Current Drawdown | -1.36% | -0.00% |
Correlation
The correlation between PRXCX and GUSTX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PRXCX vs. GUSTX - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with PRXCX at 2.64% and GUSTX at 2.64%. Over the past 10 years, PRXCX has outperformed GUSTX with an annualized return of 2.48%, while GUSTX has yielded a comparatively lower 1.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRXCX vs. GUSTX - Expense Ratio Comparison
PRXCX has a 0.53% expense ratio, which is higher than GUSTX's 0.01% expense ratio.
Risk-Adjusted Performance
PRXCX vs. GUSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price California Tax Free Bond Fund (PRXCX) and GMO U.S. Treasury Fund (GUSTX). 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.
Dividends
PRXCX vs. GUSTX - Dividend Comparison
PRXCX's dividend yield for the trailing twelve months is around 3.22%, less than GUSTX's 3.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRXCX T. Rowe Price California Tax Free Bond Fund | 3.22% | 3.04% | 2.83% | 2.51% | 2.73% | 2.93% | 3.11% | 3.09% | 3.34% | 3.43% | 3.60% | 3.95% |
GUSTX GMO U.S. Treasury Fund | 3.51% | 4.05% | 1.95% | 0.08% | 0.49% | 1.13% | 0.00% | 0.00% | 0.05% | 0.04% | 0.01% | 0.03% |
Drawdowns
PRXCX vs. GUSTX - Drawdown Comparison
The maximum PRXCX drawdown since its inception was -19.48%, which is greater than GUSTX's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for PRXCX and GUSTX. For additional features, visit the drawdowns tool.
Volatility
PRXCX vs. GUSTX - Volatility Comparison
T. Rowe Price California Tax Free Bond Fund (PRXCX) has a higher volatility of 1.93% compared to GMO U.S. Treasury Fund (GUSTX) at 0.00%. This indicates that PRXCX's price experiences larger fluctuations and is considered to be riskier than GUSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.