Wednesday, April 23, 2025

T. Rowe Price Capital Appreciation Fund

Today, T. Rowe Price, one of my favored and recommended fund managers, touted their Capital Appreciation Fund, symbol PRWCX, claiming "17 years" of superior performance on LinkedIn.  

An Unprecedented Streak of Performance

So, I just had to check.


SPY in blue
PRWCX in red
20 year normalized performance
Source: Barchart.com

S&P vs. T. Rowe Price Cap. Appr. Fund

Sorry, but I just don't see it. 

More from TRP:

Our Capital Appreciation suite puts a record-breaking team on your side

Our commitment to serving clients drives us to think deeply about their needs and develop powerful solutions to address different investor goals. The Capital Appreciation Fund is just one of several in our Capital Appreciation suite, each designed with different objectives and risk tolerances in mind. While each fund has a unique investment objective, all share a single goal: to deliver better outcomes for clients.

T. Rowe Price Capital Appreciation Equity ETF (TCAF)  

  • Seeks capital growth

T. Rowe Price Capital Appreciation Fund (PRWCX) - Currently closed to new investors

  • Seeks capital growth plus preservation

T. Rowe Price Capital Appreciation & Income Fund (PRCFX)

  • Seeks income plus capital growth

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