TRVLX vs. PRFDX
TRVLX (T. Rowe Price Value Fund) and PRFDX (T. Rowe Price Equity Income Fund) are both mutual funds - TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price, while PRFDX is a Dividend fund managed by T. Rowe Price. Over the past 10 years, TRVLX returned 11.93%/yr vs 11.96%/yr for PRFDX. Their 0.95 correlation means they have historically moved very closely together. TRVLX charges 0.65%/yr vs 0.69%/yr for PRFDX.
Performance
TRVLX vs. PRFDX - Performance Comparison
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Returns By Period
In the year-to-date period, TRVLX achieves a 18.62% return, which is significantly higher than PRFDX's 17.26% return. Both investments have delivered pretty close results over the past 10 years, with TRVLX having a 11.93% annualized return and PRFDX not far ahead at 11.96%.
TRVLX
- 1D
- 0.35%
- 1M
- 1.89%
- 6M
- 12.55%
- YTD
- 18.62%
- 1Y
- 26.79%
- 3Y*
- 16.72%
- 5Y*
- 10.23%
- 10Y*
- 11.93%
- ALL TIME*
- 11.13%
PRFDX
- 1D
- 0.65%
- 1M
- 1.19%
- 6M
- 13.04%
- YTD
- 17.26%
- 1Y
- 28.99%
- 3Y*
- 15.58%
- 5Y*
- 11.23%
- 10Y*
- 11.96%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRVLX vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRVLX T. Rowe Price Value Fund | 18.62% | 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 | 17.26% | 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, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.58 | -0.01 |
| Martin ratioReturn relative to average drawdown | 14.38 | 13.67 | +0.71 |
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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 | -0.67% | -0.44% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -6.24% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.94% | -0.18% |
Volatility
TRVLX vs. PRFDX - Volatility Comparison
T. Rowe Price Value Fund (TRVLX) and T. Rowe Price Equity Income Fund (PRFDX) have volatilities of 2.87% and 2.99%, 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 | 2.87% | 2.99% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 8.32% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 11.13% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 14.84% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.78% | -0.51% |
TRVLX vs. PRFDX - Expense Ratio Comparison
TRVLX has a 0.65% expense ratio, which is lower than PRFDX's 0.69% expense ratio.
Dividends
TRVLX vs. PRFDX - Dividend Comparison
TRVLX's dividend yield for the trailing twelve months is around 3.84%, more than PRFDX's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 2.25% | 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 | 3.84% | 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
With a correlation of 0.90, TRVLX and PRFDX 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.
PRFDX has higher volatility (2.99%) compared to TRVLX (2.87%). In terms of maximum drawdown, TRVLX dropped -60.22% vs PRFDX's -58.12%.
PRFDX currently has the higher Sharpe Ratio (2.36 vs 2.25), 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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