Correlation
The correlation between TOWFX and PRWAX is 0.83, 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.
TOWFX vs. PRWAX
Compare and contrast key facts about Towpath Focus Fund (TOWFX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
TOWFX is managed by Oelschlager Investments. It was launched on Dec 31, 2019. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOWFX or PRWAX.
Performance
TOWFX vs. PRWAX - Performance Comparison
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Key characteristics
TOWFX:
1.10
PRWAX:
0.63
TOWFX:
1.54
PRWAX:
0.87
TOWFX:
1.23
PRWAX:
1.12
TOWFX:
1.20
PRWAX:
0.55
TOWFX:
5.37
PRWAX:
2.02
TOWFX:
2.47%
PRWAX:
5.17%
TOWFX:
12.15%
PRWAX:
19.39%
TOWFX:
-31.10%
PRWAX:
-55.06%
TOWFX:
-0.36%
PRWAX:
-3.78%
Returns By Period
In the year-to-date period, TOWFX achieves a 6.88% return, which is significantly higher than PRWAX's 1.35% return.
TOWFX
6.88%
3.33%
4.10%
13.28%
10.54%
15.46%
N/A
PRWAX
1.35%
5.61%
-1.80%
12.07%
15.69%
16.05%
15.49%
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TOWFX vs. PRWAX - Expense Ratio Comparison
TOWFX has a 1.11% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
TOWFX vs. PRWAX — Risk-Adjusted Performance Rank
TOWFX
PRWAX
TOWFX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Towpath Focus Fund (TOWFX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
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Dividends
TOWFX vs. PRWAX - Dividend Comparison
TOWFX's dividend yield for the trailing twelve months is around 1.40%, less than PRWAX's 9.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOWFX Towpath Focus Fund | 1.40% | 1.49% | 2.81% | 2.05% | 5.69% | 5.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.10% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
TOWFX vs. PRWAX - Drawdown Comparison
The maximum TOWFX drawdown since its inception was -31.10%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TOWFX and PRWAX.
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Volatility
TOWFX vs. PRWAX - Volatility Comparison
The current volatility for Towpath Focus Fund (TOWFX) is 3.38%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.16%. This indicates that TOWFX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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