FNARX vs. PRAFX
Compare and contrast key facts about Fidelity Natural Resources Fund (FNARX) and T. Rowe Price Real Assets Fund (PRAFX).
FNARX is managed by Fidelity. It was launched on Mar 3, 1997. PRAFX is managed by T. Rowe Price. It was launched on Jul 27, 2010.
Performance
FNARX vs. PRAFX - Performance Comparison
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FNARX vs. PRAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 28.78% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -0.11% |
PRAFX T. Rowe Price Real Assets Fund | 6.11% | 29.51% | 0.32% | 6.65% | -10.24% | 25.74% | 7.02% | 19.62% | -11.55% | 10.48% |
Returns By Period
In the year-to-date period, FNARX achieves a 28.78% return, which is significantly higher than PRAFX's 6.11% return. Over the past 10 years, FNARX has outperformed PRAFX with an annualized return of 12.63%, while PRAFX has yielded a comparatively lower 8.69% annualized return.
FNARX
- 1D
- -0.38%
- 1M
- 3.25%
- YTD
- 28.78%
- 6M
- 33.09%
- 1Y
- 51.16%
- 3Y*
- 21.69%
- 5Y*
- 25.38%
- 10Y*
- 12.63%
PRAFX
- 1D
- -0.27%
- 1M
- -11.01%
- YTD
- 6.11%
- 6M
- 11.49%
- 1Y
- 30.02%
- 3Y*
- 12.80%
- 5Y*
- 8.96%
- 10Y*
- 8.69%
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FNARX vs. PRAFX - Expense Ratio Comparison
FNARX has a 0.82% expense ratio, which is lower than PRAFX's 0.92% expense ratio.
Return for Risk
FNARX vs. PRAFX — Risk / Return Rank
FNARX
PRAFX
FNARX vs. PRAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Natural Resources Fund (FNARX) and T. Rowe Price Real Assets Fund (PRAFX). 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.
| FNARX | PRAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 1.61 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.93 | 2.08 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.32 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.21 | +0.77 |
Martin ratioReturn relative to average drawdown | 13.95 | 8.90 | +5.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNARX | PRAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.61 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.51 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.48 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.34 | -0.03 |
Correlation
The correlation between FNARX and PRAFX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNARX vs. PRAFX - Dividend Comparison
FNARX's dividend yield for the trailing twelve months is around 1.47%, less than PRAFX's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 1.47% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
PRAFX T. Rowe Price Real Assets Fund | 2.77% | 2.94% | 1.56% | 1.52% | 1.38% | 1.83% | 1.37% | 2.64% | 2.58% | 1.45% | 1.96% | 1.88% |
Drawdowns
FNARX vs. PRAFX - Drawdown Comparison
The maximum FNARX drawdown since its inception was -71.04%, which is greater than PRAFX's maximum drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for FNARX and PRAFX.
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Drawdown Indicators
| FNARX | PRAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.04% | -38.05% | -32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -13.18% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -26.73% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -64.10% | -38.05% | -26.05% |
Current DrawdownCurrent decline from peak | -0.38% | -11.30% | +10.92% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -8.82% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.27% | +0.34% |
Volatility
FNARX vs. PRAFX - Volatility Comparison
The current volatility for Fidelity Natural Resources Fund (FNARX) is 5.02%, while T. Rowe Price Real Assets Fund (PRAFX) has a volatility of 6.30%. This indicates that FNARX experiences smaller price fluctuations and is considered to be less risky than PRAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNARX | PRAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 6.30% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 13.35% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.77% | 18.91% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 17.65% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 18.12% | +8.96% |