PRXCX vs. SCHO
Compare and contrast key facts about T. Rowe Price California Tax Free Bond Fund (PRXCX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRXCX or SCHO.
Correlation
The correlation between PRXCX and SCHO is 0.38, 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. SCHO - Performance Comparison
Key characteristics
PRXCX:
0.96
SCHO:
3.36
PRXCX:
1.33
SCHO:
5.53
PRXCX:
1.20
SCHO:
1.76
PRXCX:
0.78
SCHO:
6.06
PRXCX:
2.94
SCHO:
17.38
PRXCX:
1.27%
SCHO:
0.34%
PRXCX:
3.90%
SCHO:
1.76%
PRXCX:
-19.48%
SCHO:
-5.69%
PRXCX:
-1.54%
SCHO:
0.00%
Returns By Period
In the year-to-date period, PRXCX achieves a 0.17% return, which is significantly lower than SCHO's 2.38% return. Over the past 10 years, PRXCX has outperformed SCHO with an annualized return of 2.29%, while SCHO has yielded a comparatively lower 1.47% annualized return.
PRXCX
0.17%
0.00%
-0.63%
3.74%
1.99%
2.29%
SCHO
2.38%
0.84%
2.41%
5.97%
1.19%
1.47%
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PRXCX vs. SCHO - Expense Ratio Comparison
PRXCX has a 0.53% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Risk-Adjusted Performance
PRXCX vs. SCHO — Risk-Adjusted Performance Rank
PRXCX
SCHO
PRXCX vs. SCHO - 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 Schwab Short-Term U.S. Treasury ETF (SCHO). 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. SCHO - Dividend Comparison
PRXCX's dividend yield for the trailing twelve months is around 3.03%, less than SCHO's 4.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRXCX T. Rowe Price California Tax Free Bond Fund | 3.03% | 3.26% | 3.04% | 2.83% | 2.51% | 2.73% | 2.93% | 3.11% | 3.09% | 3.34% | 3.43% | 3.60% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.21% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% |
Drawdowns
PRXCX vs. SCHO - Drawdown Comparison
The maximum PRXCX drawdown since its inception was -19.48%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for PRXCX and SCHO. For additional features, visit the drawdowns tool.
Volatility
PRXCX vs. SCHO - Volatility Comparison
T. Rowe Price California Tax Free Bond Fund (PRXCX) has a higher volatility of 1.26% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.65%. This indicates that PRXCX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.