ECOIX vs. PRNEX

Last updated Apr 1, 2026

Compare and contrast key facts about Ecofin Global Renewables Infrastructure Fund (ECOIX) and T. Rowe Price New Era Fund (PRNEX).

ECOIX is managed by Ecofin. It was launched on Nov 1, 2015. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.

Performance

ECOIX vs. PRNEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ecofin Global Renewables Infrastructure Fund (ECOIX) and T. Rowe Price New Era Fund (PRNEX). The values are adjusted to include any dividend payments, if applicable.

ECOIX vs. PRNEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ECOIX Ecofin Global Renewables Infrastructure Fund	4.78%	25.37%	-3.91%	-8.55%	-10.92%	3.59%	26.86%
PRNEX T. Rowe Price New Era Fund	19.15%	26.94%	4.41%	1.02%	7.14%	25.35%	15.74%

Returns By Period

In the year-to-date period, ECOIX achieves a 4.78% return, which is significantly lower than PRNEX's 19.15% return.

ECOIX

• 1D: 1.18%
• 1M: -3.87%
• YTD: 4.78%
• 6M: 5.49%
• 1Y: 27.05%
• 3Y*: 4.90%
• 5Y*: 1.70%
• 10Y*: —

PRNEX

• 1D: -1.11%
• 1M: -1.19%
• YTD: 19.15%
• 6M: 31.26%
• 1Y: 44.27%
• 3Y*: 17.27%
• 5Y*: 14.17%
• 10Y*: 10.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECOIX vs. PRNEX - Expense Ratio Comparison

ECOIX has a 0.91% expense ratio, which is higher than PRNEX's 0.56% expense ratio.

ECOIX

Ecofin Global Renewables Infrastructure Fund

PRNEX

T. Rowe Price New Era Fund

Return for Risk

ECOIX vs. PRNEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECOIX

ECOIX Risk / Return Rank: 89
ECOIX Sharpe Ratio Rank: 89
ECOIX Sortino Ratio Rank: 88
ECOIX Omega Ratio Rank: 85
ECOIX Calmar Ratio Rank: 94
ECOIX Martin Ratio Rank: 88

PRNEX

PRNEX Risk / Return Rank: 93
PRNEX Sharpe Ratio Rank: 95
PRNEX Sortino Ratio Rank: 93
PRNEX Omega Ratio Rank: 93
PRNEX Calmar Ratio Rank: 92
PRNEX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECOIX vs. PRNEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Renewables Infrastructure Fund (ECOIX) and T. Rowe Price New Era Fund (PRNEX). 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.

	ECOIX	PRNEX	Difference
Sharpe ratio Return per unit of total volatility	1.83	2.23	-0.40
Sortino ratio Return per unit of downside risk	2.40	2.80	-0.39
Omega ratio Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio Return relative to maximum drawdown	3.15	2.67	+0.48
Martin ratio Return relative to average drawdown	9.55	12.65	-3.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECOIX vs. PRNEX - Sharpe Ratio Comparison

The current ECOIX Sharpe Ratio is 1.83, which is comparable to the PRNEX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ECOIX and PRNEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ECOIX	PRNEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.23	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.76	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.38	-0.07

Correlation

The correlation between ECOIX and PRNEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ECOIX vs. PRNEX - Dividend Comparison

ECOIX's dividend yield for the trailing twelve months is around 3.57%, less than PRNEX's 12.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECOIX Ecofin Global Renewables Infrastructure Fund	3.57%	3.74%	3.26%	3.75%	3.11%	4.26%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%
PRNEX T. Rowe Price New Era Fund	12.94%	15.41%	4.81%	11.46%	4.47%	2.07%	2.54%	2.18%	1.69%	1.89%	1.28%	2.68%

Drawdowns

ECOIX vs. PRNEX - Drawdown Comparison

The maximum ECOIX drawdown since its inception was -38.64%, smaller than the maximum PRNEX drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for ECOIX and PRNEX.

Drawdown Indicators

	ECOIX	PRNEX	Difference
Max Drawdown Largest peak-to-trough decline	-38.64%	-66.56%	+27.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-16.24%	+7.33%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	-21.50%	-16.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.64%	—
Current Drawdown Current decline from peak	-4.26%	-2.25%	-2.01%
Average Drawdown Average peak-to-trough decline	-15.22%	-16.35%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.42%	-0.48%

Volatility

ECOIX vs. PRNEX - Volatility Comparison

Ecofin Global Renewables Infrastructure Fund (ECOIX) and T. Rowe Price New Era Fund (PRNEX) have volatilities of 5.24% and 5.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECOIX	PRNEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	5.01%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	12.38%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	20.21%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	18.82%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	20.69%	-3.24%