TRSSX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
TRSSX vs. PRWCX - Performance Comparison
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TRSSX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 1.64% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, TRSSX achieves a 1.64% return, which is significantly higher than PRWCX's -3.22% return. Both investments have delivered pretty close results over the past 10 years, with TRSSX having a 11.06% annualized return and PRWCX not far ahead at 11.41%.
TRSSX
- 1D
- 3.81%
- 1M
- -6.98%
- YTD
- 1.64%
- 6M
- 2.99%
- 1Y
- 16.84%
- 3Y*
- 11.54%
- 5Y*
- 3.12%
- 10Y*
- 11.06%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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TRSSX vs. PRWCX - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Return for Risk
TRSSX vs. PRWCX — Risk / Return Rank
TRSSX
PRWCX
TRSSX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
| TRSSX | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.27 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.37 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.34 | -1.44 |
Martin ratioReturn relative to average drawdown | 3.73 | 9.70 | -5.96 |
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
| TRSSX | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.27 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.70 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.88 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.90 | -0.46 |
Correlation
The correlation between TRSSX and PRWCX is 0.83, 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
TRSSX vs. PRWCX - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 10.40%, less than PRWCX's 16.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 10.40% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
TRSSX vs. PRWCX - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -56.38%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TRSSX and PRWCX.
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Drawdown Indicators
| TRSSX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -41.77% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -6.80% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -17.07% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -26.86% | -10.99% |
Current DrawdownCurrent decline from peak | -8.05% | -4.47% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -3.34% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 1.64% | +2.09% |
Volatility
TRSSX vs. PRWCX - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has a higher volatility of 8.21% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 3.64%. This indicates that TRSSX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSSX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 3.64% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 9.78% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.91% | 13.57% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 13.24% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 12.98% | +8.51% |