RPBAX vs. TGLR

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Balanced Fund (RPBAX) and LAFFER|TENGLER Equity Income ETF (TGLR).

RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939. TGLR is an actively managed fund by LAFFER TENGLER. It was launched on Aug 7, 2023.

Performance

RPBAX vs. TGLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Balanced Fund (RPBAX) and LAFFER|TENGLER Equity Income ETF (TGLR). The values are adjusted to include any dividend payments, if applicable.

RPBAX vs. TGLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RPBAX T. Rowe Price Balanced Fund	-3.21%	16.06%	11.71%	5.71%
TGLR LAFFER|TENGLER Equity Income ETF	0.36%	23.30%	18.71%	4.07%

Returns By Period

In the year-to-date period, RPBAX achieves a -3.21% return, which is significantly lower than TGLR's 0.36% return.

RPBAX

• 1D: 0.07%
• 1M: -6.89%
• YTD: -3.21%
• 6M: -0.84%
• 1Y: 11.14%
• 3Y*: 11.85%
• 5Y*: 6.11%
• 10Y*: 7.99%

TGLR

• 1D: 2.54%
• 1M: -4.57%
• YTD: 0.36%
• 6M: 2.57%
• 1Y: 27.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RPBAX vs. TGLR - Expense Ratio Comparison

RPBAX has a 0.57% expense ratio, which is lower than TGLR's 0.95% expense ratio.

TGLR

LAFFER|TENGLER Equity Income ETF

RPBAX

T. Rowe Price Balanced Fund

Return for Risk

RPBAX vs. TGLR — Risk / Return Rank

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

RPBAX

RPBAX Risk / Return Rank: 57
RPBAX Sharpe Ratio Rank: 58
RPBAX Sortino Ratio Rank: 59
RPBAX Omega Ratio Rank: 60
RPBAX Calmar Ratio Rank: 52
RPBAX Martin Ratio Rank: 58

TGLR

TGLR Risk / Return Rank: 83
TGLR Sharpe Ratio Rank: 80
TGLR Sortino Ratio Rank: 82
TGLR Omega Ratio Rank: 83
TGLR Calmar Ratio Rank: 81
TGLR Martin Ratio Rank: 87

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.

RPBAX vs. TGLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Balanced Fund (RPBAX) and LAFFER|TENGLER Equity Income ETF (TGLR). 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.

	RPBAX	TGLR	Difference
Sharpe ratio Return per unit of total volatility	1.04	1.49	-0.46
Sortino ratio Return per unit of downside risk	1.51	2.15	-0.63
Omega ratio Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio Return relative to maximum drawdown	1.23	2.25	-1.02
Martin ratio Return relative to average drawdown	5.55	10.52	-4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPBAX vs. TGLR - Sharpe Ratio Comparison

The current RPBAX Sharpe Ratio is 1.04, which is lower than the TGLR Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of RPBAX and TGLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RPBAX	TGLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	1.49	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.14	-0.45

Correlation

The correlation between RPBAX and TGLR is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RPBAX vs. TGLR - Dividend Comparison

RPBAX's dividend yield for the trailing twelve months is around 7.64%, more than TGLR's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPBAX T. Rowe Price Balanced Fund	7.64%	7.30%	7.28%	3.80%	5.03%	9.33%	4.59%	3.41%	8.42%	1.69%	2.96%	7.32%
TGLR LAFFER|TENGLER Equity Income ETF	1.12%	1.16%	1.02%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RPBAX vs. TGLR - Drawdown Comparison

The maximum RPBAX drawdown since its inception was -40.79%, which is greater than TGLR's maximum drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for RPBAX and TGLR.

Drawdown Indicators

	RPBAX	TGLR	Difference
Max Drawdown Largest peak-to-trough decline	-40.79%	-19.82%	-20.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-12.59%	+4.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.49%	—	—
Current Drawdown Current decline from peak	-7.08%	-6.30%	-0.78%
Average Drawdown Average peak-to-trough decline	-4.16%	-2.44%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.69%	-0.85%

Volatility

RPBAX vs. TGLR - Volatility Comparison

The current volatility for T. Rowe Price Balanced Fund (RPBAX) is 3.65%, while LAFFER|TENGLER Equity Income ETF (TGLR) has a volatility of 5.49%. This indicates that RPBAX experiences smaller price fluctuations and is considered to be less risky than TGLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPBAX	TGLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	5.49%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	9.81%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	18.36%	-7.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	15.39%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.58%	15.39%	-3.81%