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TRAIX vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

Performance

TRAIX vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


TRAIX

1D
0.60%
1M
-1.15%
YTD
3.78%
6M
4.18%
1Y
11.26%
3Y*
12.69%
5Y*
8.41%
10Y*
11.25%

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRAIX vs. USD=X - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
TRAIX
T. Rowe Price Capital Appreciation Fund - I Class
3.78%12.57%12.64%19.01%-11.89%18.59%18.28%24.71%0.76%15.45%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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Return for Risk

TRAIX vs. USD=X — Risk / Return Rank

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

TRAIX
TRAIX Risk / Return Rank: 4242
Overall Rank
TRAIX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
TRAIX Sortino Ratio Rank: 4242
Sortino Ratio Rank
TRAIX Omega Ratio Rank: 4444
Omega Ratio Rank
TRAIX Calmar Ratio Rank: 3636
Calmar Ratio Rank
TRAIX Martin Ratio Rank: 4545
Martin Ratio Rank

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TRAIX vs. USD=X - 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 USD Cash (USD=X). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


TRAIXUSD=XDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.28

Calmar ratioReturn relative to maximum drawdown

1.84

Martin ratioReturn relative to average drawdown

7.83

TRAIX vs. USD=X - Sharpe Ratio Comparison


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Drawdowns

TRAIX vs. USD=X - Drawdown Comparison

The maximum TRAIX drawdown since its inception was -26.84%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TRAIX and USD=X.


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Drawdown Indicators


TRAIXUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-26.84%

0.00%

-26.84%

Max Drawdown (1Y)

Largest decline over 1 year

-6.30%

0.00%

-6.30%

Max Drawdown (3Y)

Largest decline over 3 years

-16.02%

0.00%

-16.02%

Max Drawdown (5Y)

Largest decline over 5 years

-17.00%

0.00%

-17.00%

Max Drawdown (10Y)

Largest decline over 10 years

-26.84%

0.00%

-26.84%

Current Drawdown

Current decline from peak

-2.37%

0.00%

-2.37%

Average Drawdown

Average peak-to-trough decline

-2.82%

0.00%

-2.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.48%

0.00%

+1.48%

Volatility

TRAIX vs. USD=X - Volatility Comparison

T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) has a higher volatility of 2.68% compared to USD Cash (USD=X) at 0.00%. This indicates that TRAIX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TRAIXUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

0.00%

+2.68%

Volatility (6M)

Calculated over the trailing 6-month period

6.15%

0.00%

+6.15%

Volatility (1Y)

Calculated over the trailing 1-year period

7.67%

0.00%

+7.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.79%

0.00%

+12.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.76%

0.00%

+12.76%

Frequently Asked Questions


TRAIX has higher volatility (2.68%) compared to USD=X (0.00%). In terms of maximum drawdown, TRAIX dropped -26.84% vs USD=X's 0.00%.

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