VTI vs. PRWCX
VTI (Vanguard Total Stock Market ETF) and PRWCX (T. Rowe Price Capital Appreciation Fund) are both funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price. VTI is passively managed, while PRWCX is actively managed. Over the past 10 years, VTI returned 15.02%/yr vs 11.12%/yr for PRWCX. Their correlation of 0.93 suggests significant overlap in exposure. VTI charges 0.03%/yr vs 0.68%/yr for PRWCX.
Performance
VTI vs. PRWCX - Performance Comparison
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Returns By Period
In the year-to-date period, VTI achieves a 9.62% return, which is significantly higher than PRWCX's 3.69% return. Over the past 10 years, VTI has outperformed PRWCX with an annualized return of 15.02%, while PRWCX has yielded a comparatively lower 11.12% annualized return.
VTI
- 1D
- 0.57%
- 1M
- -0.28%
- YTD
- 9.62%
- 6M
- 9.69%
- 1Y
- 26.27%
- 3Y*
- 20.60%
- 5Y*
- 12.20%
- 10Y*
- 15.02%
PRWCX
- 1D
- 0.60%
- 1M
- -0.78%
- YTD
- 3.69%
- 6M
- 4.12%
- 1Y
- 11.98%
- 3Y*
- 12.55%
- 5Y*
- 8.27%
- 10Y*
- 11.12%
VTI vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 9.62% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
PRWCX T. Rowe Price Capital Appreciation Fund | 3.69% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Correlation
The correlation between VTI and PRWCX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 31, 2001 | 0.93 |
The correlation between VTI and PRWCX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
VTI vs. PRWCX — Risk / Return Rank
VTI
PRWCX
VTI vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.
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.
| VTI | PRWCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.82 | +0.97 |
| Martin ratioReturn relative to average drawdown | 12.52 | 7.78 | +4.74 |
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Drawdowns
VTI vs. PRWCX - Drawdown Comparison
The maximum VTI drawdown since its inception was -55.45%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for VTI and PRWCX.
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Drawdown Indicators
| VTI | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -41.77% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -6.32% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -15.96% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -17.07% | -8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -26.86% | -8.14% |
Current DrawdownCurrent decline from peak | -2.14% | -2.37% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -3.33% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.47% | +0.52% |
Volatility
VTI vs. PRWCX - Volatility Comparison
Vanguard Total Stock Market ETF (VTI) has a higher volatility of 4.50% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.68%. This indicates that VTI'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
| VTI | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.68% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 6.36% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 7.72% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 12.78% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 12.75% | +5.58% |
VTI vs. PRWCX - Expense Ratio Comparison
VTI has a 0.03% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Dividends
VTI vs. PRWCX - Dividend Comparison
VTI's dividend yield for the trailing twelve months is around 1.03%, less than PRWCX's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 8.50% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
VTI Vanguard Total Stock Market ETF | 1.03% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
VTI and PRWCX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (4.50%) compared to PRWCX (2.68%). In terms of maximum drawdown, VTI dropped -55.45% vs PRWCX's -41.77%.
VTI currently has the higher Sharpe Ratio (1.97 vs 1.49), 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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