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T. Rowe Price New Horizons Fund (PRNHX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS7795621074
CUSIP779562107
IssuerT. Rowe Price
Inception DateJun 3, 1960
CategoryMid Cap Growth Equities
Home Pagewww.troweprice.com
Asset ClassEquity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Expense Ratio

PRNHX has a high expense ratio of 0.75%, indicating higher-than-average management fees.


Expense ratio chart for PRNHX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


T. Rowe Price New Horizons Fund

Popular comparisons: PRNHX vs. VIMAX, PRNHX vs. PEOPX, PRNHX vs. VSEQX, PRNHX vs. PRSCX, PRNHX vs. VTI, PRNHX vs. SCHD, PRNHX vs. FXAIX, PRNHX vs. VIGAX, PRNHX vs. FBGRX, PRNHX vs. AVUV

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in T. Rowe Price New Horizons Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


2,000.00%2,200.00%2,400.00%2,600.00%2,800.00%3,000.00%December2024FebruaryMarchAprilMay
2,217.31%
3,048.74%
PRNHX (T. Rowe Price New Horizons Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

T. Rowe Price New Horizons Fund had a return of 1.25% year-to-date (YTD) and 16.16% in the last 12 months. Over the past 10 years, T. Rowe Price New Horizons Fund had an annualized return of 12.43%, outperforming the S&P 500 benchmark which had an annualized return of 10.97%.


PeriodReturnBenchmark
Year-To-Date1.25%11.29%
1 month1.99%4.87%
6 months13.98%17.88%
1 year16.16%29.16%
5 years (annualized)8.30%13.20%
10 years (annualized)12.43%10.97%

Monthly Returns

The table below presents the monthly returns of PRNHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.14%5.63%1.58%-8.67%1.25%
20239.69%-1.00%-0.97%-1.85%2.15%7.43%4.49%-2.94%-5.88%-7.15%7.13%10.34%21.35%
2022-15.66%-1.71%-2.54%-13.75%-8.18%-2.91%11.70%0.21%-9.83%5.98%0.49%-5.58%-36.96%
2021-1.80%2.46%-2.46%7.26%-3.08%7.71%2.13%5.13%-3.24%4.97%-5.77%-2.62%9.96%
20204.73%-3.01%-13.71%16.37%12.80%4.82%6.84%4.24%1.10%0.07%10.82%4.84%57.89%
201911.18%7.45%1.09%3.16%-2.01%6.87%1.72%-1.27%-3.55%1.63%6.93%0.39%37.85%
20186.01%-1.79%2.05%-0.63%5.69%3.07%1.39%7.26%0.27%-8.80%1.00%-10.16%3.78%
20174.34%4.01%1.47%3.21%2.13%1.51%1.90%1.21%3.42%2.13%1.74%0.76%31.59%
2016-9.26%-1.82%7.64%1.11%2.60%1.37%5.42%1.28%0.88%-4.60%5.61%-1.47%7.83%
2015-0.94%5.79%1.53%-1.59%2.68%0.23%2.03%-5.84%-4.01%6.16%1.84%-2.67%4.57%
2014-0.63%6.42%-3.82%-6.14%1.27%6.62%-4.49%4.81%-3.87%4.58%1.04%1.17%6.03%
20136.99%1.94%3.98%1.17%4.10%0.45%7.39%0.05%6.41%1.32%4.10%3.12%49.19%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PRNHX is 20, indicating that it is in the bottom 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of PRNHX is 2020
PRNHX (T. Rowe Price New Horizons Fund)
The Sharpe Ratio Rank of PRNHX is 2121Sharpe Ratio Rank
The Sortino Ratio Rank of PRNHX is 2020Sortino Ratio Rank
The Omega Ratio Rank of PRNHX is 1919Omega Ratio Rank
The Calmar Ratio Rank of PRNHX is 2020Calmar Ratio Rank
The Martin Ratio Rank of PRNHX is 2222Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price New Horizons Fund (PRNHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


PRNHX
Sharpe ratio
The chart of Sharpe ratio for PRNHX, currently valued at 0.83, compared to the broader market-1.000.001.002.003.004.000.83
Sortino ratio
The chart of Sortino ratio for PRNHX, currently valued at 1.26, compared to the broader market-2.000.002.004.006.008.0010.0012.001.26
Omega ratio
The chart of Omega ratio for PRNHX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.003.501.15
Calmar ratio
The chart of Calmar ratio for PRNHX, currently valued at 0.33, compared to the broader market0.002.004.006.008.0010.0012.000.33
Martin ratio
The chart of Martin ratio for PRNHX, currently valued at 2.22, compared to the broader market0.0020.0040.0060.002.22
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.44, compared to the broader market-1.000.001.002.003.004.002.44
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.45, compared to the broader market-2.000.002.004.006.008.0010.0012.003.45
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.003.501.42
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.98, compared to the broader market0.002.004.006.008.0010.0012.001.98
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.39, compared to the broader market0.0020.0040.0060.009.39

Sharpe Ratio

The current T. Rowe Price New Horizons Fund Sharpe ratio is 0.83. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of T. Rowe Price New Horizons Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.83
2.44
PRNHX (T. Rowe Price New Horizons Fund)
Benchmark (^GSPC)

Dividends

Dividend History

T. Rowe Price New Horizons Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.00$0.00$2.18$13.13$11.17$6.97$6.72$4.35$2.50$3.28$5.10$3.06

Dividend yield

0.00%0.00%4.72%17.09%13.58%11.73%13.94%8.27%5.77%7.72%11.65%6.61%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price New Horizons Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.18$2.18
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$13.13$13.13
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$11.17$11.17
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$6.97$6.97
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$6.72$6.72
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$4.35$4.35
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.50$2.50
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.28$3.28
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.10$5.10
2013$3.06$3.06

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-30.58%
0
PRNHX (T. Rowe Price New Horizons Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price New Horizons 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 Horizons Fund was 55.79%, occurring on Nov 20, 2008. Recovery took 504 trading sessions.

The current T. Rowe Price New Horizons Fund drawdown is 30.58%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-55.79%Oct 11, 2007281Nov 20, 2008504Nov 22, 2010785
-53.76%Mar 7, 2000648Oct 9, 2002675Jun 16, 20051323
-48.37%Nov 10, 2021151Jun 16, 2022
-46.3%Jun 2, 1986421Jan 20, 19881249Dec 4, 19921670
-38.74%Apr 3, 1998131Oct 8, 1998281Nov 18, 1999412

Volatility

Volatility Chart

The current T. Rowe Price New Horizons Fund volatility is 4.47%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%December2024FebruaryMarchAprilMay
4.47%
3.47%
PRNHX (T. Rowe Price New Horizons Fund)
Benchmark (^GSPC)