TRAIX vs. SWAN
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and Amplify BlackSwan Growth & Treasury Core ETF (SWAN).
TRAIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015. SWAN is a passively managed fund by Amplify that tracks the performance of the S-Network BlackSwan Core Index. It was launched on Nov 6, 2018.
Performance
TRAIX vs. SWAN - Performance Comparison
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TRAIX vs. SWAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -3.04% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | -3.42% | 13.93% | 13.44% | 12.07% | -27.77% | 10.55% | 16.17% | 22.03% | -2.23% |
Returns By Period
In the year-to-date period, TRAIX achieves a -3.16% return, which is significantly higher than SWAN's -3.42% 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%
SWAN
- 1D
- 0.17%
- 1M
- -4.54%
- YTD
- -3.42%
- 6M
- -2.41%
- 1Y
- 10.93%
- 3Y*
- 9.92%
- 5Y*
- 2.56%
- 10Y*
- —
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TRAIX vs. SWAN - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than SWAN's 0.49% expense ratio.
Return for Risk
TRAIX vs. SWAN — Risk / Return Rank
TRAIX
SWAN
TRAIX vs. SWAN - 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 Amplify BlackSwan Growth & Treasury Core ETF (SWAN). 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 | SWAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.13 | +0.16 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.62 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.66 | +0.91 |
Martin ratioReturn relative to average drawdown | 10.55 | 6.28 | +4.27 |
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 | SWAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.13 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.23 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.49 | +0.41 |
Correlation
The correlation between TRAIX and SWAN is 0.74, 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. SWAN - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 16.39%, more than SWAN's 3.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.04% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% |
Drawdowns
TRAIX vs. SWAN - Drawdown Comparison
The maximum TRAIX drawdown since its inception was -26.84%, smaller than the maximum SWAN drawdown of -31.04%. Use the drawdown chart below to compare losses from any high point for TRAIX and SWAN.
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Drawdown Indicators
| TRAIX | SWAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.84% | -31.04% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.05% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -31.04% | +14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.84% | — | — |
Current DrawdownCurrent decline from peak | -4.45% | -5.02% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -9.06% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.86% | -0.21% |
Volatility
TRAIX vs. SWAN - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) is 3.66%, while Amplify BlackSwan Growth & Treasury Core ETF (SWAN) has a volatility of 4.05%. This indicates that TRAIX experiences smaller price fluctuations and is considered to be less risky than SWAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRAIX | SWAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 4.05% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 6.85% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 9.77% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 11.26% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 12.49% | +0.49% |