- ISIN
- US87279W1009
- CUSIP
- 87279W100
- Issuer
- T. Rowe Price
- Inception Date
- Jul 27, 2010
- Category
- Global Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PRAFX Performance Chart
T. Rowe Price Real Assets Fund (PRAFX) is up 11.1% since the beginning of the year. PRAFX is currently trading at $20 per share. Investors who bought $1,000 worth of PRAFX shares 5 years ago would now be looking at an investment worth $1,450.
Loading charts...
Compare this symbol against anything
Returns By Period
T. Rowe Price Real Assets Fund (PRAFX) has returned 11.09% so far this year and 32.99% over the past 12 months. Over the last ten years, PRAFX has returned 7.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
T. Rowe Price Real Assets Fund
- 1D
- 1.29%
- 1M
- 1.92%
- 6M
- -2.00%
- YTD
- 11.09%
- 1Y
- 32.99%
- 3Y*
- 13.25%
- 5Y*
- 7.72%
- 10Y*
- 7.79%
- ALL TIME*
- 6.29%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PRAFX Monthly Returns History
Based on dividend-adjusted daily data since Jul 29, 2010, PRAFX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Oct 2011 with a return of +14.3%, while the worst month was Mar 2020 at -17.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRAFX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +11.0%, while the worst single day was Mar 16, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.35% | 5.19% | -8.68% | 5.14% | -0.35% | -5.06% | 2.56% | 11.09% | |||||
| 2025 | 3.41% | 1.44% | 0.75% | -1.82% | 2.54% | 2.61% | -0.78% | 7.16% | 6.19% | -1.10% | 4.08% | 2.07% | 29.51% |
| 2024 | -4.50% | 0.59% | 7.03% | -2.94% | 3.88% | -2.10% | 4.23% | 1.73% | 3.07% | -3.30% | 1.97% | -8.26% | 0.32% |
| 2023 | 8.86% | -5.90% | 0.00% | -0.00% | -6.70% | 5.79% | 4.82% | -4.18% | -3.92% | -3.93% | 6.93% | 6.41% | 6.65% |
| 2022 | -2.94% | 0.67% | 5.82% | -5.88% | 0.40% | -13.18% | 6.86% | -3.32% | -9.62% | 7.43% | 9.91% | -4.03% | -10.24% |
| 2021 | -1.13% | 5.79% | 3.32% | 6.04% | 3.94% | -1.76% | 2.34% | -0.40% | -4.46% | 7.15% | -2.64% | 5.78% | 25.74% |
Benchmark Metrics
T. Rowe Price Real Assets Fund has an annualized alpha of -3.75%, beta of 0.86, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since July 29, 2010.
- This fund participated in 103.64% of S&P 500 Index downside but only 76.52% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.75% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.86 and R2 of 0.66, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.75%
- Beta
- 0.86
- R²
- 0.66
- Upside Capture
- 76.52%
- Downside Capture
- 103.64%
Expense Ratio
PRAFX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRAFX ranks 67 for risk / return — above 67% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Real Assets Fund (PRAFX) and compare them to S&P 500 Index.
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.
| PRAFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.00 | +0.46 |
| Martin ratioReturn relative to average drawdown | 6.78 | 8.49 | -1.71 |
Dividends
Dividend History
T. Rowe Price Real Assets Fund provided a 2.65% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.22 | $0.22 | $0.19 | $0.28 | $0.17 | $0.31 | $0.26 | $0.17 | $0.21 | $0.17 |
Dividend yield | 2.65% | 2.94% | 1.56% | 1.52% | 1.38% | 1.83% | 1.37% | 2.64% | 2.58% | 1.45% | 1.96% | 1.88% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Real Assets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Real Assets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Real Assets Fund was 38.05%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current T. Rowe Price Real Assets Fund drawdown is 7.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.05%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 | COVID crash2020 |
-33.37%Jan 2016 | 1y 6mo | 1y 11mo | 3y 5moJul 2014 - Jan 2018 | — |
-27.82%Oct 2011 | 5mo 4d | 2y 8mo | 3y 1moMay 2011 - Jun 2014 | — |
-26.73%Sep 2022 | 5mo 9d | 1y 12mo | 2y 5moApr 2022 - Sep 2024 | Bear market2022 |
-16.86%Apr 2025 | 5mo 19d | 2mo 25d | 8mo 14dOct 2024 - Jul 2025 | 2025 selloff2025 |
Drawdown Indicators
| PRAFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -56.78% | +18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -9.10% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -18.90% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -25.43% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -33.92% | -4.13% |
Current DrawdownCurrent decline from peak | -7.14% | -1.58% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -10.70% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 2.14% | +2.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PRAFX
Add T. Rowe Price Real Assets Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PRAFX