VTWNX vs. PRWCX
Compare and contrast key facts about Vanguard Target Retirement 2020 Fund (VTWNX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
VTWNX is managed by Vanguard. It was launched on Jun 7, 2006. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
VTWNX vs. PRWCX - Performance Comparison
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VTWNX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | -1.57% | 12.17% | 7.57% | 12.71% | -14.17% | 8.15% | 12.05% | 17.64% | -4.23% | 11.83% |
PRWCX T. Rowe Price Capital Appreciation Fund | -5.03% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, VTWNX achieves a -1.57% return, which is significantly higher than PRWCX's -5.03% return. Over the past 10 years, VTWNX has underperformed PRWCX with an annualized return of 6.31%, while PRWCX has yielded a comparatively higher 11.20% annualized return.
VTWNX
- 1D
- 0.11%
- 1M
- -4.29%
- YTD
- -1.57%
- 6M
- 0.06%
- 1Y
- 9.17%
- 3Y*
- 8.51%
- 5Y*
- 4.17%
- 10Y*
- 6.31%
PRWCX
- 1D
- 0.06%
- 1M
- -4.88%
- YTD
- -5.03%
- 6M
- 3.83%
- 1Y
- 14.87%
- 3Y*
- 13.01%
- 5Y*
- 8.99%
- 10Y*
- 11.20%
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VTWNX vs. PRWCX - Expense Ratio Comparison
VTWNX has a 0.08% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Return for Risk
VTWNX vs. PRWCX — Risk / Return Rank
VTWNX
PRWCX
VTWNX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2020 Fund (VTWNX) 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.
| VTWNX | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.13 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.11 | 2.11 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.93 | +0.05 |
Martin ratioReturn relative to average drawdown | 8.25 | 8.23 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTWNX | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.13 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.68 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.87 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.90 | -0.38 |
Correlation
The correlation between VTWNX and PRWCX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTWNX vs. PRWCX - Dividend Comparison
VTWNX's dividend yield for the trailing twelve months is around 8.33%, less than PRWCX's 16.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | 8.33% | 8.20% | 9.35% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 0.73% | 2.74% | 4.15% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.55% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
VTWNX vs. PRWCX - Drawdown Comparison
The maximum VTWNX drawdown since its inception was -42.16%, roughly equal to the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for VTWNX and PRWCX.
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Drawdown Indicators
| VTWNX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -41.77% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -6.80% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -17.07% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -26.86% | +7.48% |
Current DrawdownCurrent decline from peak | -4.32% | -6.27% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -3.34% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.66% | -0.58% |
Volatility
VTWNX vs. PRWCX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2020 Fund (VTWNX) is 2.40%, while T. Rowe Price Capital Appreciation Fund (PRWCX) has a volatility of 2.94%. This indicates that VTWNX experiences smaller price fluctuations and is considered to be less risky 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
| VTWNX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 2.94% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 9.61% | -5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 13.47% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 13.21% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 12.97% | -4.71% |