PRXCX vs. SWRSX
Compare and contrast key facts about T. Rowe Price California Tax Free Bond Fund (PRXCX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX).
PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986. SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRXCX or SWRSX.
Key characteristics
| PRXCX | SWRSX | |
|---|---|---|
| YTD Return | 2.64% | 2.61% |
| 1Y Return | 9.44% | 6.75% |
| 3Y Return (Ann) | -0.09% | -2.58% |
| 5Y Return (Ann) | 1.42% | 1.85% |
| 10Y Return (Ann) | 2.49% | 1.96% |
| Sharpe Ratio | 2.44 | 1.31 |
| Sortino Ratio | 3.71 | 1.96 |
| Omega Ratio | 1.58 | 1.24 |
| Calmar Ratio | 0.98 | 0.49 |
| Martin Ratio | 12.23 | 6.12 |
| Ulcer Index | 0.76% | 1.08% |
| Daily Std Dev | 3.82% | 5.05% |
| Max Drawdown | -19.48% | -15.14% |
| Current Drawdown | -1.36% | -7.74% |
Correlation
The correlation between PRXCX and SWRSX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRXCX vs. SWRSX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PRXCX having a 2.64% return and SWRSX slightly lower at 2.61%. Over the past 10 years, PRXCX has outperformed SWRSX with an annualized return of 2.49%, while SWRSX has yielded a comparatively lower 1.96% 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. SWRSX - Expense Ratio Comparison
PRXCX has a 0.53% expense ratio, which is higher than SWRSX's 0.05% expense ratio.
Risk-Adjusted Performance
PRXCX vs. SWRSX - 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 Treasury Inflation Protected Securities Index Fund (SWRSX). 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. SWRSX - Dividend Comparison
PRXCX's dividend yield for the trailing twelve months is around 3.22%, less than SWRSX's 3.77% 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% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.77% | 3.11% | 7.07% | 4.33% | 1.25% | 2.20% | 2.88% | 1.99% | 1.81% | 0.77% | 2.30% | 1.42% |
Drawdowns
PRXCX vs. SWRSX - Drawdown Comparison
The maximum PRXCX drawdown since its inception was -19.48%, which is greater than SWRSX's maximum drawdown of -15.14%. Use the drawdown chart below to compare losses from any high point for PRXCX and SWRSX. For additional features, visit the drawdowns tool.
Volatility
PRXCX vs. SWRSX - Volatility Comparison
T. Rowe Price California Tax Free Bond Fund (PRXCX) has a higher volatility of 1.93% compared to Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) at 1.32%. This indicates that PRXCX's price experiences larger fluctuations and is considered to be riskier than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.