TRAIX vs. VBIAX
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX).
TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015. VBIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
TRAIX vs. VBIAX - Performance Comparison
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TRAIX vs. VBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | -3.16% | 21.05% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 15.45% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | -2.43% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
Returns By Period
In the year-to-date period, TRAIX achieves a -3.16% return, which is significantly lower than VBIAX's -2.43% return. Over the past 10 years, TRAIX has outperformed VBIAX with an annualized return of 11.53%, while VBIAX has yielded a comparatively lower 8.97% annualized return.
TRAIX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.16%
- 6M
- 5.60%
- 1Y
- 16.95%
- 3Y*
- 13.87%
- 5Y*
- 9.36%
- 10Y*
- 11.53%
VBIAX
- 1D
- 1.84%
- 1M
- -3.62%
- YTD
- -2.43%
- 6M
- -0.89%
- 1Y
- 12.55%
- 3Y*
- 12.24%
- 5Y*
- 6.52%
- 10Y*
- 8.97%
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TRAIX vs. VBIAX - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than VBIAX's 0.07% expense ratio.
Return for Risk
TRAIX vs. VBIAX — Risk / Return Rank
TRAIX
VBIAX
TRAIX vs. VBIAX - 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 Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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 | VBIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.14 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.70 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.71 | +0.85 |
Martin ratioReturn relative to average drawdown | 10.55 | 8.03 | +2.52 |
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 | VBIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.14 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.59 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.80 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.61 | +0.29 |
Correlation
The correlation between TRAIX and VBIAX is 0.93, 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. VBIAX - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 16.39%, more than VBIAX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 16.39% | 15.87% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% | 0.00% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.74% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
Drawdowns
TRAIX vs. VBIAX - Drawdown Comparison
The maximum TRAIX drawdown since its inception was -26.84%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for TRAIX and VBIAX.
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Drawdown Indicators
| TRAIX | VBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.84% | -35.90% | +9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.78% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -21.53% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -26.84% | -22.78% | -4.06% |
Current DrawdownCurrent decline from peak | -4.45% | -4.10% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.47% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.66% | -0.01% |
Volatility
TRAIX vs. VBIAX - Volatility Comparison
T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX) have volatilities of 3.66% and 3.71%, 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 | VBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.71% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 6.20% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 11.39% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 11.05% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 11.18% | +1.80% |