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 0.37, 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:
0.65
SCHO:
2.91
PRXCX:
0.89
SCHO:
4.89
PRXCX:
1.13
SCHO:
1.66
PRXCX:
0.48
SCHO:
5.72
PRXCX:
2.78
SCHO:
14.67
PRXCX:
0.85%
SCHO:
0.38%
PRXCX:
3.65%
SCHO:
1.93%
PRXCX:
-19.48%
SCHO:
-5.17%
PRXCX:
-2.44%
SCHO:
-0.44%
Returns By Period
In the year-to-date period, PRXCX achieves a 1.70% return, which is significantly lower than SCHO's 5.34% return. Both investments have delivered pretty close results over the past 10 years, with PRXCX having a 2.33% annualized return and SCHO not far behind at 2.25%.
PRXCX
1.70%
-1.19%
0.60%
2.27%
1.11%
2.33%
SCHO
5.34%
0.34%
3.00%
5.51%
2.42%
2.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 2.99%, less than SCHO's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRXCX T. Rowe Price California Tax Free Bond Fund | 2.99% | 3.04% | 2.83% | 2.51% | 2.73% | 2.93% | 3.11% | 3.09% | 3.34% | 3.43% | 3.60% | 3.95% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.77% | 5.99% | 1.97% | 0.65% | 2.08% | 3.63% | 2.72% | 1.80% | 1.23% | 1.06% | 0.71% | 0.43% |
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 -5.17%. 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 1.37% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.34%. 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.