BAI vs. PRMTX
BAI (iShares A.I. Innovation and Tech Active ETF) and PRMTX (T. Rowe Price Communications & Technology Fund) are both funds - BAI is a Technology Equities fund actively managed by iShares, while PRMTX is a Communications Equities fund managed by T. Rowe Price. Over the past year, BAI returned 80.68% vs -3.91% for PRMTX. A 0.70 correlation means they provide meaningful diversification when combined. BAI charges 0.55%/yr vs 0.77%/yr for PRMTX.
Performance
BAI vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, BAI achieves a 49.22% return, which is significantly higher than PRMTX's -1.65% return.
BAI
- 1D
- -0.48%
- 1M
- 3.93%
- YTD
- 49.22%
- 6M
- 46.15%
- 1Y
- 80.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRMTX
- 1D
- -1.83%
- 1M
- -3.57%
- YTD
- -1.65%
- 6M
- -2.41%
- 1Y
- -3.91%
- 3Y*
- 21.22%
- 5Y*
- 4.80%
- 10Y*
- 15.30%
BAI vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 49.22% | 25.22% | 8.89% |
PRMTX T. Rowe Price Communications & Technology Fund | -1.65% | 6.86% | 12.95% |
Correlation
The correlation between BAI and PRMTX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.70 |
The correlation between BAI and PRMTX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
BAI vs. PRMTX — Risk / Return Rank
BAI
PRMTX
BAI vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and T. Rowe Price Communications & Technology Fund (PRMTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BAI | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.99 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | -0.13 | +5.13 |
| Martin ratioReturn relative to average drawdown | 13.14 | -0.30 | +13.44 |
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Drawdowns
BAI vs. PRMTX - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for BAI and PRMTX.
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Drawdown Indicators
| BAI | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.09% | -66.30% | +32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -17.29% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.17% | — |
Current DrawdownCurrent decline from peak | -8.37% | -9.41% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -13.94% | +7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 7.41% | -1.25% |
Volatility
BAI vs. PRMTX - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 20.06% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 6.83%. This indicates that BAI's price experiences larger fluctuations and is considered to be riskier than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAI | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.06% | 6.83% | +13.23% |
Volatility (6M)Calculated over the trailing 6-month period | 31.31% | 12.45% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.29% | 15.71% | +21.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.36% | 21.69% | +15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.36% | 20.94% | +16.42% |
BAI vs. PRMTX - Expense Ratio Comparison
BAI has a 0.55% expense ratio, which is lower than PRMTX's 0.77% expense ratio.
Dividends
BAI vs. PRMTX - Dividend Comparison
BAI's dividend yield for the trailing twelve months is around 1.19%, less than PRMTX's 25.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.19% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRMTX T. Rowe Price Communications & Technology Fund | 25.65% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Frequently Asked Questions
BAI and PRMTX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (20.06%) compared to PRMTX (6.83%). In terms of maximum drawdown, BAI dropped -34.09% vs PRMTX's -66.30%.
BAI currently has the higher Sharpe Ratio (2.18 vs -0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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