TPLGX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
TPLGX is managed by T. Rowe Price. It was launched on Sep 30, 2003. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
TPLGX vs. PRWCX - Performance Comparison
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TPLGX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | -11.17% | 18.66% | 35.22% | 49.63% | -38.49% | 17.84% | 34.70% | 30.15% | 2.18% | 36.49% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, TPLGX achieves a -11.17% return, which is significantly lower than PRWCX's -3.22% return. Over the past 10 years, TPLGX has outperformed PRWCX with an annualized return of 14.89%, while PRWCX has yielded a comparatively lower 11.41% annualized return.
TPLGX
- 1D
- 3.86%
- 1M
- -5.45%
- YTD
- -11.17%
- 6M
- -10.20%
- 1Y
- 14.88%
- 3Y*
- 22.35%
- 5Y*
- 8.55%
- 10Y*
- 14.89%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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TPLGX vs. PRWCX - Expense Ratio Comparison
TPLGX has a 0.57% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Return for Risk
TPLGX vs. PRWCX — Risk / Return Rank
TPLGX
PRWCX
TPLGX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
| TPLGX | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.27 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.18 | 2.37 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.34 | -1.41 |
Martin ratioReturn relative to average drawdown | 3.22 | 9.70 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TPLGX | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.27 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.88 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.90 | -0.38 |
Correlation
The correlation between TPLGX and PRWCX is 0.88, 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
TPLGX vs. PRWCX - Dividend Comparison
TPLGX's dividend yield for the trailing twelve months is around 22.85%, more than PRWCX's 16.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | 22.85% | 20.30% | 12.87% | 3.70% | 4.39% | 8.81% | 0.59% | 0.60% | 1.65% | 1.39% | 0.25% | 0.44% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
TPLGX vs. PRWCX - Drawdown Comparison
The maximum TPLGX drawdown since its inception was -54.57%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TPLGX and PRWCX.
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Drawdown Indicators
| TPLGX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.57% | -41.77% | -12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.15% | -6.80% | -10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -43.45% | -17.07% | -26.38% |
Max Drawdown (10Y)Largest decline over 10 years | -43.45% | -26.86% | -16.59% |
Current DrawdownCurrent decline from peak | -13.95% | -4.47% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -3.34% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 1.64% | +3.32% |
Volatility
TPLGX vs. PRWCX - Volatility Comparison
T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) has a higher volatility of 6.97% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 3.64%. This indicates that TPLGX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPLGX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 3.64% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 9.78% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 13.57% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 13.24% | +11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 12.98% | +9.89% |