TRVLX vs. PRFDX
TRVLX (T. Rowe Price Value Fund) and PRFDX (T. Rowe Price Equity Income Fund) are both Large Cap Value Equities funds from T. Rowe Price. Over the past 10 years, TRVLX returned 11.85%/yr vs 11.89%/yr for PRFDX. With a 0.95 correlation, they move nearly in lockstep. TRVLX charges 0.65%/yr vs 0.63%/yr for PRFDX.
Performance
TRVLX vs. PRFDX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRVLX having a 13.98% return and PRFDX slightly lower at 13.45%. Both investments have delivered pretty close results over the past 10 years, with TRVLX having a 11.85% annualized return and PRFDX not far ahead at 11.89%.
TRVLX
- 1D
- 0.55%
- 1M
- 1.28%
- YTD
- 13.98%
- 6M
- 13.42%
- 1Y
- 22.90%
- 3Y*
- 16.94%
- 5Y*
- 10.46%
- 10Y*
- 11.85%
PRFDX
- 1D
- 0.69%
- 1M
- 1.35%
- YTD
- 13.45%
- 6M
- 13.33%
- 1Y
- 25.02%
- 3Y*
- 16.00%
- 5Y*
- 10.93%
- 10Y*
- 11.89%
TRVLX vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRVLX T. Rowe Price Value Fund | 13.98% | 12.20% | 14.98% | 12.16% | -11.37% | 29.86% | 10.48% | 26.20% | -9.44% | 17.35% |
PRFDX T. Rowe Price Equity Income Fund | 13.45% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
Correlation
The correlation between TRVLX and PRFDX 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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1994 | 0.95 |
The correlation between TRVLX and PRFDX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
TRVLX vs. PRFDX — Risk / Return Rank
TRVLX
PRFDX
TRVLX vs. PRFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value Fund (TRVLX) and T. Rowe Price Equity Income Fund (PRFDX). 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.
| TRVLX | PRFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.47 | -0.13 |
| Martin ratioReturn relative to average drawdown | 13.14 | 12.90 | +0.24 |
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Drawdowns
TRVLX vs. PRFDX - Drawdown Comparison
The maximum TRVLX drawdown since its inception was -60.22%, roughly equal to the maximum PRFDX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for TRVLX and PRFDX.
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Drawdown Indicators
| TRVLX | PRFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.22% | -58.12% | -2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -7.34% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.01% | -14.35% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -18.08% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.65% | -39.71% | +1.06% |
Current DrawdownCurrent decline from peak | -0.64% | -0.66% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -6.25% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.97% | -0.19% |
Volatility
TRVLX vs. PRFDX - Volatility Comparison
T. Rowe Price Value Fund (TRVLX) and T. Rowe Price Equity Income Fund (PRFDX) have volatilities of 3.49% and 3.67%, 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
| TRVLX | PRFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.67% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 8.36% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 11.00% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 14.94% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.37% | 17.88% | -0.51% |
TRVLX vs. PRFDX - Expense Ratio Comparison
TRVLX has a 0.65% expense ratio, which is higher than PRFDX's 0.63% expense ratio.
Dividends
TRVLX vs. PRFDX - Dividend Comparison
TRVLX's dividend yield for the trailing twelve months is around 4.00%, more than PRFDX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 2.40% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
TRVLX T. Rowe Price Value Fund | 4.00% | 4.56% | 8.50% | 2.97% | 10.09% | 10.92% | 2.33% | 1.69% | 11.09% | 5.89% | 3.06% | 8.77% |
Frequently Asked Questions
TRVLX and PRFDX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRFDX has higher volatility (3.67%) compared to TRVLX (3.49%). In terms of maximum drawdown, TRVLX dropped -60.22% vs PRFDX's -58.12%.
PRFDX currently has the higher Sharpe Ratio (2.32 vs 2.13), 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.
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