VFMV vs. PRCHX
VFMV (Vanguard U.S. Minimum Volatility ETF) and PRCHX (T. Rowe Price Capital Appreciation and Income Fund Class I) are both funds - VFMV is a Mid Cap Blend Equities fund actively managed by Vanguard, while PRCHX is a Diversified Portfolio fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, VFMV returned 12.36% vs 11.41% for PRCHX. A 0.70 correlation means they provide meaningful diversification when combined. VFMV charges 0.13%/yr vs 0.49%/yr for PRCHX.
Performance
VFMV vs. PRCHX - Performance Comparison
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Returns By Period
In the year-to-date period, VFMV achieves a 8.57% return, which is significantly higher than PRCHX's 2.61% return.
VFMV
- 1D
- 0.40%
- 1M
- 1.39%
- YTD
- 8.57%
- 6M
- 7.81%
- 1Y
- 12.36%
- 3Y*
- 14.22%
- 5Y*
- 9.55%
- 10Y*
- —
PRCHX
- 1D
- 0.68%
- 1M
- -0.41%
- YTD
- 2.61%
- 6M
- 3.48%
- 1Y
- 11.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VFMV vs. PRCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VFMV Vanguard U.S. Minimum Volatility ETF | 8.57% | 10.52% | 16.91% | 4.59% |
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I | 2.61% | 13.68% | 8.92% | 3.12% |
Correlation
The correlation between VFMV and PRCHX is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023 | 0.70 |
The correlation between VFMV and PRCHX has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
VFMV vs. PRCHX — Risk / Return Rank
VFMV
PRCHX
VFMV vs. PRCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Minimum Volatility ETF (VFMV) and T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX). 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.
| VFMV | PRCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.63 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.03 | 12.99 | -4.96 |
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Drawdowns
VFMV vs. PRCHX - Drawdown Comparison
The maximum VFMV drawdown since its inception was -33.64%, which is greater than PRCHX's maximum drawdown of -6.10%. Use the drawdown chart below to compare losses from any high point for VFMV and PRCHX.
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Drawdown Indicators
| VFMV | PRCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -6.10% | -27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -4.50% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.37% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -0.65% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.91% | +0.64% |
Volatility
VFMV vs. PRCHX - Volatility Comparison
Vanguard U.S. Minimum Volatility ETF (VFMV) has a higher volatility of 2.30% compared to T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX) at 2.18%. This indicates that VFMV's price experiences larger fluctuations and is considered to be riskier than PRCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFMV | PRCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.18% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 4.44% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 5.46% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 6.56% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 6.56% | +7.67% |
VFMV vs. PRCHX - Expense Ratio Comparison
VFMV has a 0.13% expense ratio, which is lower than PRCHX's 0.49% expense ratio.
Dividends
VFMV vs. PRCHX - Dividend Comparison
VFMV's dividend yield for the trailing twelve months is around 1.93%, less than PRCHX's 5.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I | 5.20% | 5.08% | 3.22% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFMV Vanguard U.S. Minimum Volatility ETF | 1.93% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% |
Frequently Asked Questions
VFMV and PRCHX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFMV has higher volatility (2.30%) compared to PRCHX (2.18%). In terms of maximum drawdown, VFMV dropped -33.64% vs PRCHX's -6.10%.
PRCHX currently has the higher Sharpe Ratio (2.16 vs 1.41), 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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