T. Rowe Price New Era Fund (PRNEX)
The investment seeks to provide long-term capital growth. The fund will normally invest a minimum of two-thirds of its assets in the common stocks of natural resource companies. The earnings and tangible assets of natural resources companies may benefit from periods of accelerating inflation. It also invests in other growth companies that the managers believe have strong potential for earnings growth but do not own or develop natural resources.
Fund Info
US7795591038
779559103
Jan 19, 1969
$2,500
Large-Cap
Blend
Expense Ratio
PRNEX has an expense ratio of 0.56%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price New Era Fund (PRNEX) returned 2.18% year-to-date (YTD) and -7.18% over the past 12 months. Over the past 10 years, PRNEX returned 2.88% annually, underperforming the S&P 500 benchmark at 10.86%.
PRNEX
2.18%
5.68%
-7.80%
-7.18%
0.03%
10.93%
2.88%
^GSPC (Benchmark)
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
Monthly Returns
The table below presents the monthly returns of PRNEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.34% | 0.44% | 1.01% | -6.60% | 4.34% | 2.18% | |||||||
| 2024 | -2.63% | 2.62% | 9.41% | -0.81% | 2.28% | -3.41% | 2.58% | -0.49% | 0.15% | -0.91% | 5.27% | -10.89% | 1.79% |
| 2023 | 5.08% | -5.23% | -0.66% | 1.40% | -7.90% | 7.40% | 6.99% | -2.20% | -1.43% | -4.47% | 1.49% | -6.01% | -6.75% |
| 2022 | 1.40% | 0.39% | 6.20% | -5.29% | 6.97% | -13.88% | 6.43% | 1.09% | -8.80% | 12.43% | 7.36% | -4.22% | 7.01% |
| 2021 | -0.77% | 7.35% | 3.71% | 3.58% | 3.29% | -2.00% | -0.45% | 1.20% | -1.10% | 7.22% | -3.69% | 5.18% | 25.35% |
| 2020 | -7.30% | -10.66% | -22.46% | 14.26% | 4.71% | 1.40% | 4.85% | 3.81% | -4.66% | -1.51% | 16.58% | 4.74% | -2.78% |
| 2019 | 9.37% | 1.82% | 1.13% | 1.77% | -8.64% | 8.51% | -2.60% | -4.86% | 2.68% | 0.43% | 0.98% | 6.63% | 16.91% |
| 2018 | 1.48% | -6.75% | 1.01% | 5.25% | 0.41% | 0.43% | 2.62% | -2.11% | 1.56% | -10.03% | -2.27% | -7.96% | -16.23% |
| 2017 | 0.74% | -1.98% | 0.54% | -0.81% | -0.03% | -0.84% | 2.83% | -2.01% | 5.44% | 1.86% | 1.46% | 3.16% | 10.57% |
| 2016 | -3.23% | 2.01% | 9.88% | 7.07% | -0.95% | 1.91% | 1.72% | 0.71% | 1.28% | -3.56% | 5.41% | 1.10% | 25.01% |
| 2015 | -2.47% | 4.67% | -2.67% | 6.22% | -3.82% | -4.75% | -7.09% | -3.68% | -7.58% | 10.13% | 0.89% | -9.56% | -19.64% |
| 2014 | -3.53% | 6.25% | 0.55% | 4.33% | 1.65% | 5.13% | -3.96% | 2.53% | -6.45% | -4.42% | -7.10% | -16.58% | -21.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRNEX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
T. Rowe Price New Era Fund provided a 4.70% dividend yield over the last twelve months, with an annual payout of $1.79 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.79 | $1.79 | $4.27 | $1.84 | $0.83 | $0.83 | $0.75 | $0.51 | $0.69 | $0.43 | $0.73 | $6.06 |
Dividend yield | 4.70% | 4.81% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% | 17.59% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price New Era 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.79 | $1.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.27 | $4.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2014 | $6.06 | $6.06 |
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 New Era 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 New Era Fund was 69.49%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current T. Rowe Price New Era Fund drawdown is 28.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.49% | May 21, 2008 | 2978 | Mar 23, 2020 | — | — | — |
| -41.77% | Oct 8, 1997 | 365 | Mar 2, 1999 | 1351 | Jul 14, 2004 | 1716 |
| -32.06% | Oct 6, 1987 | 15 | Oct 26, 1987 | 1577 | Nov 10, 1993 | 1592 |
| -18.13% | May 11, 2006 | 23 | Jun 13, 2006 | 205 | Apr 10, 2007 | 228 |
| -17.97% | Oct 30, 2007 | 58 | Jan 23, 2008 | 58 | Apr 16, 2008 | 116 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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