TRLUX vs. PKAIX

Last updated Jun 4, 2026

TRLUX (T. Rowe Price Large Cap Value Fund Investor Class) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 5 years, TRLUX returned 8.28%/yr vs 15.06%/yr for PKAIX. Their correlation of 0.88 suggests significant overlap in exposure. TRLUX charges 0.70%/yr vs 0.40%/yr for PKAIX.

Performance

TRLUX vs. PKAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) and PIMCO RAE US Fund (PKAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRLUX achieves a 15.07% return, which is significantly lower than PKAIX's 24.56% return.

TRLUX

• 1D: 0.61%
• 1M: 4.33%
• YTD: 15.07%
• 6M: 17.11%
• 1Y: 26.73%
• 3Y*: 16.79%
• 5Y*: 8.28%
• 10Y*: —

PKAIX

• 1D: 0.71%
• 1M: 7.80%
• YTD: 24.56%
• 6M: 20.98%
• 1Y: 43.47%
• 3Y*: 25.53%
• 5Y*: 15.06%
• 10Y*: 14.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRLUX vs. PKAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TRLUX T. Rowe Price Large Cap Value Fund Investor Class	15.07%	11.66%	11.14%	9.51%	-5.25%	21.12%	36.65%
PKAIX PIMCO RAE US Fund	24.56%	17.19%	16.28%	17.02%	-3.36%	27.74%	33.71%

Correlation

The correlation between TRLUX and PKAIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 5, 2020	0.88

The correlation between TRLUX and PKAIX shifts across timeframes, from 0.76 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TRLUX vs. PKAIX — Risk / Return Rank

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

TRLUX

TRLUX Risk / Return Rank: 76
TRLUX Sharpe Ratio Rank: 75
TRLUX Sortino Ratio Rank: 74
TRLUX Omega Ratio Rank: 67
TRLUX Calmar Ratio Rank: 83
TRLUX Martin Ratio Rank: 79

PKAIX

PKAIX Risk / Return Rank: 95
PKAIX Sharpe Ratio Rank: 96
PKAIX Sortino Ratio Rank: 93
PKAIX Omega Ratio Rank: 88
PKAIX Calmar Ratio Rank: 98
PKAIX Martin Ratio Rank: 97

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.

TRLUX vs. PKAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) and PIMCO RAE US Fund (PKAIX). 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.

	TRLUX	PKAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.52	-0.98
Sortino ratio: Return per unit of downside risk	3.62	4.74	-1.12
Omega ratio: Gain probability vs. loss probability	1.46	1.62	-0.17
Calmar ratio: Return relative to maximum drawdown	3.89	8.80	-4.92
Martin ratio: Return relative to average drawdown	14.77	27.00	-12.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRLUX vs. PKAIX - Sharpe Ratio Comparison

The current TRLUX Sharpe Ratio is 2.53, which is comparable to the PKAIX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of TRLUX and PKAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRLUX	PKAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	3.52	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.85	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.70	+0.30

Drawdowns

TRLUX vs. PKAIX - Drawdown Comparison

The maximum TRLUX drawdown since its inception was -18.06%, smaller than the maximum PKAIX drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for TRLUX and PKAIX.

Drawdown Indicators

	TRLUX	PKAIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.06%	-38.56%	+20.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-5.15%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-20.31%	+4.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-20.64%	+2.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.56%	—
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-4.05%	-4.72%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.67%	+0.17%

Volatility

TRLUX vs. PKAIX - Volatility Comparison

T. Rowe Price Large Cap Value Fund Investor Class (TRLUX) has a higher volatility of 3.29% compared to PIMCO RAE US Fund (PKAIX) at 3.11%. This indicates that TRLUX's price experiences larger fluctuations and is considered to be riskier than PKAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRLUX	PKAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.11%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	9.37%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	12.88%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	17.78%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	18.85%	-2.87%

TRLUX vs. PKAIX - Expense Ratio Comparison

TRLUX has a 0.70% expense ratio, which is higher than PKAIX's 0.40% expense ratio.

Dividends

TRLUX vs. PKAIX - Dividend Comparison

TRLUX's dividend yield for the trailing twelve months is around 11.07%, which matches PKAIX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKAIX PIMCO RAE US Fund	11.05%	13.77%	16.77%	6.65%	8.09%	10.03%	3.20%	4.91%	6.85%	5.85%	5.33%	3.49%
TRLUX T. Rowe Price Large Cap Value Fund Investor Class	11.07%	12.74%	8.27%	8.22%	19.09%	3.04%	3.01%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRLUX and PKAIX in my portfolio?

TRLUX and PKAIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRLUX or PKAIX?

TRLUX has higher volatility (3.29%) compared to PKAIX (3.11%). In terms of maximum drawdown, TRLUX dropped -18.06% vs PKAIX's -38.56%.

Which has better risk-adjusted returns?

PKAIX currently has the higher Sharpe Ratio (3.52 vs 2.53), 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.