All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

PRWCX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

PRWCX real return snapshot: after CPI-U inflation, PRWCX returned +18.08% over the past year and +1.72% YTD, with dividends reinvested. Since Jul. 16, 1986, PRWCX is up +2,077.68% in real purchasing-power return, or +8.04%/yr, and is currently āˆ’0.72% below its real total-return high on May 14, 2026.

Wed 1986-07-16? to Wed 2026-05-20 YTD
Return
1 Year
Return
PRWCX
×
+1.72%
2026-05-20
+18.08%
2026-05-20
T. Rowe Price Capital Appreciation Fund Mutual Fund

Returns

Wed 1986-07-16? to Wed 2026-05-20 Overall
Return
Exponential
Trendline
PRWCX
×
+2,077.68%
+8.04%/yr
+8.03%/yr
(R2=0.988)
T. Rowe Price Capital Appreciation Fund Mutual Fund

Growth of $10,000

Wed 1986-07-16? to Wed 2026-05-20 Start
Value
End
Value
PRWCX
×
$10,000.00
1986-07-16
$217,767.93
2026-05-20
T. Rowe Price Capital Appreciation Fund Mutual Fund

Annual Returns

Year PRWCX
2026 (YTD) +1.72%
2025 +17.77%
2024 +9.35%
2023 +15.01%
2022 āˆ’17.34%
2021 +10.67%
2020 +16.54%
2019 +21.83%
2018 āˆ’1.26%
2017 +12.96%
2016 +6.00%
2015 +4.66%
2014 +11.29%
2013 +20.61%
2012 +12.73%
2011 +0.21%
2010 +12.39%
2009 +29.54%
2008 āˆ’27.22%
2007 +0.49%
2006 +11.74%
2005 +3.32%
2004 +11.68%
2003 +23.16%
2002 āˆ’1.81%
2001 +8.58%
2000 +18.14%
1999 +4.33%
1998 +4.16%
1997 +14.35%
1996 +13.11%
1995 +19.55%
1994 +1.06%
1993 +12.57%
1992 +6.29%
1991 +18.05%
1990 āˆ’6.93%
1989 +16.18%
1988 +11.98%
1987 āˆ’14.11%
1986 +11.67%

Drawdowns

Wed 1986-07-16? to Wed 2026-05-20 Current
Drawdown
Worst
Drawdown
PRWCX
×
āˆ’0.72%
from 2026-05-14 peak
āˆ’43.26%
2008-11-20
from 2007-07-13 peak
T. Rowe Price Capital Appreciation Fund Mutual Fund

Rolling Returns

Period ending Wed 2026-05-20 1
Year
2
Years
3
Years
5
Years
10
Years
PRWCX
×
+18.08% +26.01%
+12.26%/yr
+42.96%
+12.64%/yr
+31.29%
+5.60%/yr
+125.89%
+8.49%/yr
T. Rowe Price Capital Appreciation Fund Mutual Fund