PTKIX vs. PRCOX

Last updated Jun 4, 2026

PTKIX (T. Rowe Price Total Return Fund) and PRCOX (T. Rowe Price U.S. Equity Research Fund) are both mutual funds - PTKIX is a Intermediate Core-Plus Bond fund managed by T. Rowe Price, while PRCOX is a Large Cap Blend Equities fund managed by T. Rowe Price. Over the past 5 years, PTKIX returned -0.30%/yr vs 14.72%/yr for PRCOX. At a 0.01 correlation, their price movements are largely independent. PTKIX charges 0.33%/yr vs 0.42%/yr for PRCOX.

Performance

PTKIX vs. PRCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Total Return Fund (PTKIX) and T. Rowe Price U.S. Equity Research Fund (PRCOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTKIX achieves a 0.54% return, which is significantly lower than PRCOX's 12.08% return.

PTKIX

• 1D: 0.00%
• 1M: 0.55%
• YTD: 0.54%
• 6M: 0.66%
• 1Y: 5.83%
• 3Y*: 4.41%
• 5Y*: -0.30%
• 10Y*: —

PRCOX

• 1D: 0.28%
• 1M: 5.68%
• YTD: 12.08%
• 6M: 12.15%
• 1Y: 28.46%
• 3Y*: 23.19%
• 5Y*: 14.72%
• 10Y*: 16.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTKIX vs. PRCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTKIX T. Rowe Price Total Return Fund	0.54%	7.50%	2.46%	4.95%	-16.52%	0.59%	8.40%	11.86%	0.17%	4.97%
PRCOX T. Rowe Price U.S. Equity Research Fund	12.08%	16.34%	26.41%	29.82%	-18.80%	28.06%	19.82%	33.04%	-4.73%	22.87%

Correlation

The correlation between PTKIX and PRCOX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.01

Over the past year, PTKIX and PRCOX have become more correlated (0.24) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

PTKIX vs. PRCOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTKIX

PTKIX Risk / Return Rank: 29
PTKIX Sharpe Ratio Rank: 29
PTKIX Sortino Ratio Rank: 33
PTKIX Omega Ratio Rank: 30
PTKIX Calmar Ratio Rank: 30
PTKIX Martin Ratio Rank: 25

PRCOX

PRCOX Risk / Return Rank: 69
PRCOX Sharpe Ratio Rank: 72
PRCOX Sortino Ratio Rank: 67
PRCOX Omega Ratio Rank: 63
PRCOX Calmar Ratio Rank: 67
PRCOX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTKIX vs. PRCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) and T. Rowe Price U.S. Equity Research Fund (PRCOX). 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.

	PTKIX	PRCOX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.47	-0.92
Sortino ratio: Return per unit of downside risk	2.38	3.42	-1.04
Omega ratio: Gain probability vs. loss probability	1.29	1.44	-0.15
Calmar ratio: Return relative to maximum drawdown	2.06	3.16	-1.10
Martin ratio: Return relative to average drawdown	6.17	14.73	-8.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTKIX vs. PRCOX - Sharpe Ratio Comparison

The current PTKIX Sharpe Ratio is 1.55, which is lower than the PRCOX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PTKIX and PRCOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTKIX	PRCOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.47	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.85	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.57	-0.10

Drawdowns

PTKIX vs. PRCOX - Drawdown Comparison

The maximum PTKIX drawdown since its inception was -20.91%, smaller than the maximum PRCOX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for PTKIX and PRCOX.

Drawdown Indicators

	PTKIX	PRCOX	Difference
Max Drawdown Largest peak-to-trough decline	-20.91%	-53.96%	+33.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-9.32%	+6.39%
Max Drawdown (3Y) Largest decline over 3 years	-6.19%	-19.39%	+13.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	-24.94%	+4.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.42%	—
Current Drawdown Current decline from peak	-4.10%	0.00%	-4.10%
Average Drawdown Average peak-to-trough decline	-5.80%	-9.18%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.99%	-1.03%

Volatility

PTKIX vs. PRCOX - Volatility Comparison

The current volatility for T. Rowe Price Total Return Fund (PTKIX) is 1.39%, while T. Rowe Price U.S. Equity Research Fund (PRCOX) has a volatility of 3.07%. This indicates that PTKIX experiences smaller price fluctuations and is considered to be less risky than PRCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTKIX	PRCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	3.07%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	9.39%	-6.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	11.93%	-8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	17.34%	-11.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	18.35%	-13.29%

PTKIX vs. PRCOX - Expense Ratio Comparison

PTKIX has a 0.33% expense ratio, which is lower than PRCOX's 0.42% expense ratio.

Dividends

PTKIX vs. PRCOX - Dividend Comparison

PTKIX's dividend yield for the trailing twelve months is around 5.23%, more than PRCOX's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRCOX T. Rowe Price U.S. Equity Research Fund	1.05%	1.17%	0.64%	1.17%	1.28%	3.71%	1.04%	1.39%	5.60%	7.02%	7.28%	8.76%
PTKIX T. Rowe Price Total Return Fund	5.23%	5.27%	5.22%	4.19%	2.87%	3.28%	3.38%	6.78%	3.41%	3.35%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTKIX and PRCOX in my portfolio?

PTKIX and PRCOX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTKIX or PRCOX?

PRCOX has higher volatility (3.07%) compared to PTKIX (1.39%). In terms of maximum drawdown, PTKIX dropped -20.91% vs PRCOX's -53.96%.

Which has better risk-adjusted returns?

PRCOX currently has the higher Sharpe Ratio (2.47 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.