TTMIX vs. PRWAX
TTMIX (T. Rowe Price Total Return Fund Class I) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - TTMIX is a Global Allocation fund managed by T. Rowe Price, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, TTMIX returned 13.53%/yr vs 17.02%/yr for PRWAX. Their correlation of 0.90 means they have usually moved in the same direction. TTMIX charges 0.37%/yr vs 0.76%/yr for PRWAX.
Performance
TTMIX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, TTMIX achieves a -3.09% return, which is significantly lower than PRWAX's 1.42% return. Over the past 10 years, TTMIX has underperformed PRWAX with an annualized return of 13.53%, while PRWAX has yielded a comparatively higher 17.02% annualized return.
TTMIX
- 1D
- 2.69%
- 1M
- -2.19%
- 6M
- 0.02%
- YTD
- -3.09%
- 1Y
- -5.84%
- 3Y*
- 16.67%
- 5Y*
- 2.70%
- 10Y*
- 13.53%
- ALL TIME*
- 14.17%
PRWAX
- 1D
- 1.65%
- 1M
- 1.14%
- 6M
- 3.07%
- YTD
- 1.42%
- 1Y
- 8.45%
- 3Y*
- 16.55%
- 5Y*
- 9.05%
- 10Y*
- 17.02%
- ALL TIME*
- 11.67%
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 |
TTMIX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTMIX T. Rowe Price Total Return Fund Class I | -3.09% | 6.97% | 38.33% | 39.41% | -40.85% | 9.92% | 53.86% | 35.84% | -1.73% | 33.14% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 1.42% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between TTMIX and PRWAX is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016 | 0.90 |
The correlation between TTMIX and PRWAX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
TTMIX vs. PRWAX — Risk / Return Rank
TTMIX
PRWAX
TTMIX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) 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.
| TTMIX | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.13 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.74 | -0.95 |
| Martin ratioReturn relative to average drawdown | -0.46 | 2.51 | -2.97 |
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Drawdowns
TTMIX vs. PRWAX - Drawdown Comparison
The maximum TTMIX drawdown since its inception was -47.11%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TTMIX and PRWAX.
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Drawdown Indicators
| TTMIX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.11% | -55.06% | +7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -14.09% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -19.06% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -47.11% | -29.38% | -17.73% |
Max Drawdown (10Y)Largest decline over 10 years | -47.11% | -30.50% | -16.61% |
Current DrawdownCurrent decline from peak | -10.71% | -0.57% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -9.86% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 4.13% | +3.94% |
Volatility
TTMIX vs. PRWAX - Volatility Comparison
T. Rowe Price Total Return Fund Class I (TTMIX) has a higher volatility of 6.37% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.56%. This indicates that TTMIX'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.
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Volatility by Period
| TTMIX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 4.56% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 12.02% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 14.66% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 17.80% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 18.76% | +2.08% |
TTMIX vs. PRWAX - Expense Ratio Comparison
TTMIX has a 0.37% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Dividends
TTMIX vs. PRWAX - Dividend Comparison
TTMIX's dividend yield for the trailing twelve months is around 26.08%, more than PRWAX's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.23% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
TTMIX T. Rowe Price Total Return Fund Class I | 26.08% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% | 0.00% |
Frequently Asked Questions
TTMIX and PRWAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTMIX has higher volatility (6.37%) compared to PRWAX (4.56%). In terms of maximum drawdown, TTMIX dropped -47.11% vs PRWAX's -55.06%.
PRWAX currently has the higher Sharpe Ratio (0.71 vs -0.23), 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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