- ISIN
- US7414541026
- CUSIP
- 741454102
- Issuer
- T. Rowe Price
- Inception Date
- Oct 12, 1993
- Category
- Communications Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRMTX Performance Chart
T. Rowe Price Communications & Technology Fund (PRMTX) is up 1.8% since the beginning of the year. PRMTX is currently trading at $134 per share. Investors who bought $1,000 worth of PRMTX shares 5 years ago would now be looking at an investment worth $1,331.
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Returns By Period
T. Rowe Price Communications & Technology Fund (PRMTX) has returned 1.76% so far this year and 2.62% over the past 12 months. Looking at the last ten years, PRMTX has achieved an annualized return of 15.45%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
T. Rowe Price Communications & Technology Fund
- 1D
- 2.11%
- 1M
- -0.23%
- YTD
- 1.76%
- 6M
- 1.76%
- 1Y
- 2.62%
- 3Y*
- 22.04%
- 5Y*
- 5.88%
- 10Y*
- 15.45%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRMTX Monthly Returns History
Based on dividend-adjusted daily data since Jan 7, 1994, PRMTX's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, an investment would double in approximately 4.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2001 with a return of +20.3%, while the worst month was Oct 2008 at -21.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRMTX closed higher 54% of trading days. The best single day was Dec 31, 1996 with a return of +56.1%, while the worst single day was Dec 30, 1996 at -29.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.84% | 0.47% | -5.80% | 7.99% | 3.42% | -1.93% | 1.76% | ||||||
| 2025 | 5.56% | -1.51% | -7.17% | 3.71% | 5.92% | 6.01% | -3.01% | 2.93% | 1.87% | -3.19% | -1.51% | -1.96% | 6.86% |
| 2024 | 5.39% | 6.79% | 1.71% | -5.23% | 5.93% | 5.35% | -2.22% | 3.62% | 3.92% | 2.18% | 8.11% | 5.64% | 48.75% |
| 2023 | 11.83% | -4.14% | 6.88% | 0.58% | 2.99% | 5.47% | 3.26% | -1.13% | -4.76% | -0.41% | 10.69% | 3.81% | 39.30% |
| 2022 | -12.03% | -4.32% | 1.41% | -14.77% | -2.94% | -7.46% | 9.27% | -3.51% | -11.67% | 2.37% | 1.94% | -6.93% | -40.90% |
| 2021 | -0.33% | 3.06% | -2.39% | 7.06% | -1.67% | 6.09% | 0.64% | 4.56% | -4.81% | 3.74% | -4.63% | -1.06% | 9.81% |
Benchmark Metrics
T. Rowe Price Communications & Technology Fund has an annualized alpha of 8.72%, beta of 1.01, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 07, 1994.
- This fund captured 135.16% of S&P 500 Index gains and 100.71% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 8.72% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.55, 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
- 8.72%
- Beta
- 1.01
- R²
- 0.55
- Upside Capture
- 135.16%
- Downside Capture
- 100.71%
Expense Ratio
PRMTX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRMTX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) 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.
| PRMTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.78 | -2.67 |
| Martin ratioReturn relative to average drawdown | 0.26 | 12.44 | -12.18 |
Dividends
Dividend History
T. Rowe Price Communications & Technology Fund provided a 24.79% dividend yield over the last twelve months, with an annual payout of $33.19 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $33.19 | $33.19 | $22.79 | $9.25 | $16.20 | $15.25 | $9.55 | $3.03 | $1.20 | $2.27 | $1.66 | $2.26 |
Dividend yield | 24.79% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Communications & Technology 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $33.19 | $33.19 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $22.79 | $22.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.25 | $9.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $16.20 | $16.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $15.25 | $15.25 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Communications & Technology 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 Communications & Technology Fund was 66.30%, occurring on Aug 5, 2002. Recovery took 846 trading sessions.
The current T. Rowe Price Communications & Technology Fund drawdown is 6.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -66.30%Aug 2002 | 2y 4mo | 3y 4mo | 5y 8moMar 2000 - Dec 2005 |
Financial crisis2007–2009 | -60.40%Nov 2008 | 1y 20d | 1y 10mo | 2y 11moNov 2007 - Oct 2010 |
Bear market2022 | -47.17%Nov 2022 | 1y 2mo | 1y 11mo | 3y 1moSep 2021 - Oct 2024 |
1996 bear market1996 | -36.97%Dec 1996 | 7mo 3d | 8d | 7mo 11dMay 1996 - Jan 1997 |
1998 bear market1998 | -36.10%Oct 1998 | 2mo 19d | 2mo 22d | 5mo 11dJul 1998 - Dec 1998 |
Drawdown Indicators
| PRMTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -56.78% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -9.10% | -8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -18.90% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -25.43% | -21.74% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -33.92% | -13.25% |
Current DrawdownCurrent decline from peak | -6.27% | -1.80% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -10.71% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 2.03% | +5.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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