TRAIX vs. PALDX
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and PGIM 60/40 Allocation Fund (PALDX).
TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015. PALDX is managed by PGIM. It was launched on Sep 12, 2017.
Performance
TRAIX vs. PALDX - Performance Comparison
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TRAIX vs. PALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | -4.98% | 21.05% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 3.31% |
PALDX PGIM 60/40 Allocation Fund | -3.62% | 13.62% | 18.96% | 18.90% | -15.65% | 16.30% | 10.68% | 22.27% | -4.12% | 5.95% |
Returns By Period
In the year-to-date period, TRAIX achieves a -4.98% return, which is significantly lower than PALDX's -3.62% return.
TRAIX
- 1D
- 0.06%
- 1M
- -4.85%
- YTD
- -4.98%
- 6M
- 3.88%
- 1Y
- 15.02%
- 3Y*
- 13.15%
- 5Y*
- 9.13%
- 10Y*
- 11.32%
PALDX
- 1D
- -0.22%
- 1M
- -5.44%
- YTD
- -3.62%
- 6M
- -1.03%
- 1Y
- 12.43%
- 3Y*
- 13.72%
- 5Y*
- 7.99%
- 10Y*
- —
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TRAIX vs. PALDX - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than PALDX's 0.03% expense ratio.
Return for Risk
TRAIX vs. PALDX — Risk / Return Rank
TRAIX
PALDX
TRAIX vs. PALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and PGIM 60/40 Allocation Fund (PALDX). 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.
| TRAIX | PALDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.12 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.65 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.42 | +0.63 |
Martin ratioReturn relative to average drawdown | 8.55 | 6.83 | +1.72 |
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
| TRAIX | PALDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.12 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.67 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.71 | +0.18 |
Correlation
The correlation between TRAIX and PALDX is 0.89, 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
TRAIX vs. PALDX - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 16.70%, more than PALDX's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 16.70% | 15.87% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% |
PALDX PGIM 60/40 Allocation Fund | 5.62% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% |
Drawdowns
TRAIX vs. PALDX - Drawdown Comparison
The maximum TRAIX drawdown since its inception was -26.84%, roughly equal to the maximum PALDX drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for TRAIX and PALDX.
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Drawdown Indicators
| TRAIX | PALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.84% | -26.16% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -8.20% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -20.47% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -26.84% | — | — |
Current DrawdownCurrent decline from peak | -6.24% | -5.96% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.16% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.70% | -0.08% |
Volatility
TRAIX vs. PALDX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and PGIM 60/40 Allocation Fund (PALDX) have volatilities of 2.97% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRAIX | PALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 3.05% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 5.86% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 11.52% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 12.08% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 12.75% | +0.22% |