YACKX vs. PNAIX

Last updated Jun 4, 2026

YACKX (AMG Yacktman Fund) and PNAIX (T. Rowe Price All-Cap Opportunities Fund I Class) are both mutual funds - YACKX is a Large Cap Value Equities fund managed by AMG, while PNAIX is a Large Cap Growth Equities fund tracking the Russell 3000 Index. Over the past 10 years, YACKX returned 12.64%/yr vs 15.58%/yr for PNAIX. A 0.73 correlation means they provide meaningful diversification when combined. YACKX charges 0.71%/yr vs 0.66%/yr for PNAIX.

Performance

YACKX vs. PNAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Yacktman Fund (YACKX) and T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YACKX achieves a 19.98% return, which is significantly higher than PNAIX's 1.18% return. Over the past 10 years, YACKX has underperformed PNAIX with an annualized return of 12.64%, while PNAIX has yielded a comparatively higher 15.58% annualized return.

YACKX

• 1D: -0.44%
• 1M: 5.67%
• YTD: 19.98%
• 6M: 5.18%
• 1Y: 16.49%
• 3Y*: 15.00%
• 5Y*: 8.95%
• 10Y*: 12.64%

PNAIX

• 1D: 0.18%
• 1M: 3.87%
• YTD: 1.18%
• 6M: 0.75%
• 1Y: 14.87%
• 3Y*: 18.90%
• 5Y*: 10.61%
• 10Y*: 15.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YACKX vs. PNAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YACKX AMG Yacktman Fund	19.98%	1.34%	13.15%	15.46%	-7.50%	19.66%	15.25%	27.49%	2.79%	18.25%
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class	1.18%	16.53%	25.43%	29.18%	-21.25%	20.76%	44.92%	35.66%	1.40%	20.15%

Correlation

The correlation between YACKX and PNAIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.73

Over the past year, the correlation between YACKX and PNAIX has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

YACKX vs. PNAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YACKX

YACKX Risk / Return Rank: 13
YACKX Sharpe Ratio Rank: 11
YACKX Sortino Ratio Rank: 8
YACKX Omega Ratio Rank: 27
YACKX Calmar Ratio Rank: 10
YACKX Martin Ratio Rank: 10

PNAIX

PNAIX Risk / Return Rank: 15
PNAIX Sharpe Ratio Rank: 17
PNAIX Sortino Ratio Rank: 17
PNAIX Omega Ratio Rank: 17
PNAIX Calmar Ratio Rank: 12
PNAIX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YACKX vs. PNAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Fund (YACKX) and T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX). 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.

	YACKX	PNAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.18	-0.31
Sortino ratio: Return per unit of downside risk	1.00	1.70	-0.70
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.06
Calmar ratio: Return relative to maximum drawdown	1.03	1.11	-0.09
Martin ratio: Return relative to average drawdown	2.99	3.92	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YACKX vs. PNAIX - Sharpe Ratio Comparison

The current YACKX Sharpe Ratio is 0.86, which is comparable to the PNAIX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of YACKX and PNAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YACKX	PNAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.18	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.61	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.82	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.78	-0.08

Drawdowns

YACKX vs. PNAIX - Drawdown Comparison

The maximum YACKX drawdown since its inception was -46.65%, which is greater than PNAIX's maximum drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for YACKX and PNAIX.

Drawdown Indicators

	YACKX	PNAIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-30.49%	-16.16%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-14.02%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.30%	-19.05%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-19.86%	-29.29%	+9.43%
Max Drawdown (10Y) Largest decline over 10 years	-30.93%	-30.49%	-0.44%
Current Drawdown Current decline from peak	-0.44%	-0.78%	+0.34%
Average Drawdown Average peak-to-trough decline	-5.27%	-5.53%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	3.97%	+1.60%

Volatility

YACKX vs. PNAIX - Volatility Comparison

AMG Yacktman Fund (YACKX) has a higher volatility of 4.31% compared to T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) at 3.53%. This indicates that YACKX's price experiences larger fluctuations and is considered to be riskier than PNAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YACKX	PNAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.53%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	10.56%	+9.05%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	13.27%	+6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	17.60%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	19.16%	-3.01%

YACKX vs. PNAIX - Expense Ratio Comparison

YACKX has a 0.71% expense ratio, which is higher than PNAIX's 0.66% expense ratio.

Dividends

YACKX vs. PNAIX - Dividend Comparison

YACKX has not paid dividends to shareholders, while PNAIX's dividend yield for the trailing twelve months is around 8.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class	8.43%	8.53%	9.37%	5.23%	3.31%	20.62%	15.56%	7.43%	12.75%	0.29%	0.00%	0.00%
YACKX AMG Yacktman Fund	0.00%	0.00%	17.32%	4.39%	7.35%	3.72%	10.82%	16.84%	23.06%	10.67%	8.57%	13.66%

Frequently Asked Questions

Can I hold both YACKX and PNAIX in my portfolio?

YACKX and PNAIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YACKX or PNAIX?

YACKX has higher volatility (4.31%) compared to PNAIX (3.53%). In terms of maximum drawdown, YACKX dropped -46.65% vs PNAIX's -30.49%.

Which has better risk-adjusted returns?

PNAIX currently has the higher Sharpe Ratio (1.18 vs 0.86), 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.