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:
1.66
SCHO:
2.94
PRXCX:
2.32
SCHO:
4.90
PRXCX:
1.35
SCHO:
1.66
PRXCX:
2.07
SCHO:
6.17
PRXCX:
6.46
SCHO:
14.87
PRXCX:
1.01%
SCHO:
0.39%
PRXCX:
3.93%
SCHO:
1.96%
PRXCX:
-19.48%
SCHO:
-5.16%
PRXCX:
-2.16%
SCHO:
-0.08%
Returns By Period
In the year-to-date period, PRXCX achieves a -0.46% return, which is significantly lower than SCHO's 0.67% return. Over the past 10 years, PRXCX has outperformed SCHO with an annualized return of 4.32%, while SCHO has yielded a comparatively lower 2.13% annualized return.
PRXCX
-0.46%
-0.08%
1.18%
5.67%
3.66%
4.32%
SCHO
0.67%
0.41%
2.30%
5.69%
2.25%
2.13%
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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 5.72%, more than SCHO's 5.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRXCX T. Rowe Price California Tax Free Bond Fund | 5.72% | 5.95% | 6.08% | 5.66% | 5.02% | 5.45% | 5.66% | 5.46% | 5.16% | 3.34% | 3.43% | 3.60% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.66% | 5.70% | 5.28% | 1.99% | 0.64% | 2.07% | 3.44% | 2.64% | 1.97% | 1.37% | 1.13% | 0.78% |
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 -5.16%. 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 1.21% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.61%. 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.