TRLGX vs. PRWAX
TRLGX (T. Rowe Price Large-Cap Growth Fund) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both Large Cap Growth Equities funds from T. Rowe Price. Both are actively managed. Over the past 10 years, TRLGX returned 18.33%/yr vs 17.62%/yr for PRWAX. With a 0.97 correlation, they move nearly in lockstep. TRLGX charges 0.55%/yr vs 0.76%/yr for PRWAX.
Performance
TRLGX vs. PRWAX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with TRLGX having a -1.57% return and PRWAX slightly lower at -1.59%. Both investments have delivered pretty close results over the past 10 years, with TRLGX having a 18.33% annualized return and PRWAX not far behind at 17.62%.
TRLGX
- 1D
- -1.31%
- 1M
- -3.90%
- YTD
- -1.57%
- 6M
- -2.65%
- 1Y
- 10.72%
- 3Y*
- 22.05%
- 5Y*
- 9.86%
- 10Y*
- 18.33%
PRWAX
- 1D
- -1.74%
- 1M
- -0.46%
- YTD
- -1.59%
- 6M
- -3.18%
- 1Y
- 8.92%
- 3Y*
- 17.09%
- 5Y*
- 8.81%
- 10Y*
- 17.62%
TRLGX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRLGX T. Rowe Price Large-Cap Growth Fund | -1.57% | 17.51% | 37.57% | 46.22% | -35.26% | 23.24% | 39.57% | 28.51% | 4.35% | 37.77% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.59% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between TRLGX and PRWAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2001 | 0.97 |
The correlation between TRLGX and PRWAX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRLGX vs. PRWAX — Risk / Return Rank
TRLGX
PRWAX
TRLGX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Large-Cap Growth Fund (TRLGX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
| TRLGX | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.74 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.15 | 2.57 | -0.42 |
Loading charts...
Drawdowns
TRLGX vs. PRWAX - Drawdown Comparison
The maximum TRLGX drawdown since its inception was -55.56%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TRLGX and PRWAX.
Loading charts...
Drawdown Indicators
| TRLGX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.56% | -55.06% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -14.09% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.17% | -19.06% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -29.38% | -11.06% |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | -30.50% | -9.94% |
Current DrawdownCurrent decline from peak | -7.20% | -3.53% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -9.89% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 4.06% | +1.81% |
Volatility
TRLGX vs. PRWAX - Volatility Comparison
T. Rowe Price Large-Cap Growth Fund (TRLGX) has a higher volatility of 6.54% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 5.67%. This indicates that TRLGX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRLGX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 5.67% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 11.66% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 14.18% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 17.74% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 18.74% | +3.04% |
TRLGX vs. PRWAX - Expense Ratio Comparison
TRLGX has a 0.55% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Dividends
TRLGX vs. PRWAX - Dividend Comparison
TRLGX's dividend yield for the trailing twelve months is around 13.91%, more than PRWAX's 8.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.48% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 13.91% | 13.69% | 9.80% | 2.04% | 3.88% | 2.56% | 0.42% | 4.09% | 7.93% | 9.27% | 1.64% | 4.71% |
Frequently Asked Questions
With a correlation of 0.90, TRLGX and PRWAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRLGX has higher volatility (6.54%) compared to PRWAX (5.67%). In terms of maximum drawdown, TRLGX dropped -55.56% vs PRWAX's -55.06%.
TRLGX currently has the higher Sharpe Ratio (0.77 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TRLGX and PRWAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer