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 tracking the MSCI World IMI Communication Services 10/40 Index. BAI is actively managed, while PRMTX is passively managed. Over the past year, BAI returned 48.78% vs -1.16% 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 29.55% return, which is significantly higher than PRMTX's 0.66% return.
BAI
- 1D
- -5.04%
- 1M
- -13.70%
- 6M
- 24.25%
- YTD
- 29.55%
- 1Y
- 48.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRMTX
- 1D
- 0.43%
- 1M
- -0.88%
- 6M
- 2.11%
- YTD
- 0.66%
- 1Y
- -1.16%
- 3Y*
- 20.23%
- 5Y*
- 5.35%
- 10Y*
- 14.98%
BAI vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 29.55% | 25.22% | 8.89% |
PRMTX T. Rowe Price Communications & Technology Fund | 0.66% | 6.86% | 12.95% |
Correlation
The correlation between BAI and PRMTX is 0.65, 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 | 0.65 |
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 0.65 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 | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | -0.05 | +2.45 |
| Martin ratioReturn relative to average drawdown | 7.10 | -0.11 | +7.21 |
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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 | -20.45% | -17.29% | -3.16% |
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 | -20.45% | -7.28% | -13.17% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -13.92% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 7.64% | -0.75% |
Volatility
BAI vs. PRMTX - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 19.08% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 6.30%. 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 | 19.08% | 6.30% | +12.78% |
Volatility (6M)Calculated over the trailing 6-month period | 34.88% | 12.88% | +22.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 15.64% | +24.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.58% | 21.73% | +16.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.58% | 20.94% | +17.64% |
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 1.38%, less than PRMTX's 25.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.38% | 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 | 25.06% | 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 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (19.08%) compared to PRMTX (6.30%). In terms of maximum drawdown, BAI dropped -34.09% vs PRMTX's -66.30%.
BAI currently has the higher Sharpe Ratio (1.22 vs -0.05), 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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