MLOZX vs. PRNEX
Compare and contrast key facts about Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) and T. Rowe Price New Era Fund (PRNEX).
MLOZX is managed by Cohen & Steers. It was launched on Dec 19, 2013. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Performance
MLOZX vs. PRNEX - Performance Comparison
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MLOZX vs. PRNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 27.86% | 17.35% | 12.16% | 10.49% | 21.10% | 39.09% | -26.70% | 12.62% | -13.43% | 0.33% |
PRNEX T. Rowe Price New Era Fund | 19.15% | 26.94% | 4.41% | 1.02% | 7.14% | 25.35% | -2.63% | 16.91% | -16.23% | 10.57% |
Returns By Period
In the year-to-date period, MLOZX achieves a 27.86% return, which is significantly higher than PRNEX's 19.15% return. Over the past 10 years, MLOZX has outperformed PRNEX with an annualized return of 11.89%, while PRNEX has yielded a comparatively lower 10.12% annualized return.
MLOZX
- 1D
- -0.56%
- 1M
- 7.55%
- YTD
- 27.86%
- 6M
- 33.46%
- 1Y
- 50.75%
- 3Y*
- 22.70%
- 5Y*
- 21.24%
- 10Y*
- 11.89%
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%
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MLOZX vs. PRNEX - Expense Ratio Comparison
MLOZX has a 0.90% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Return for Risk
MLOZX vs. PRNEX — Risk / Return Rank
MLOZX
PRNEX
MLOZX vs. PRNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) 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.
| MLOZX | PRNEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 2.23 | +0.37 |
Sortino ratioReturn per unit of downside risk | 3.10 | 2.80 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.45 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.67 | +0.38 |
Martin ratioReturn relative to average drawdown | 13.54 | 12.65 | +0.89 |
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
| MLOZX | PRNEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.23 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.76 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.49 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.11 |
Correlation
The correlation between MLOZX and PRNEX is 0.81, 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
MLOZX vs. PRNEX - Dividend Comparison
MLOZX's dividend yield for the trailing twelve months is around 1.09%, less than PRNEX's 12.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 1.09% | 1.71% | 10.24% | 4.61% | 3.66% | 3.08% | 6.57% | 6.21% | 4.44% | 3.86% | 3.72% | 6.05% |
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
MLOZX vs. PRNEX - Drawdown Comparison
The maximum MLOZX drawdown since its inception was -72.01%, which is greater than PRNEX's maximum drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for MLOZX and PRNEX.
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Drawdown Indicators
| MLOZX | PRNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.01% | -66.56% | -5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -16.24% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -21.50% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -64.94% | -49.64% | -15.30% |
Current DrawdownCurrent decline from peak | -0.56% | -2.25% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -20.92% | -16.35% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.42% | +0.20% |
Volatility
MLOZX vs. PRNEX - Volatility Comparison
The current volatility for Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) is 4.54%, while T. Rowe Price New Era Fund (PRNEX) has a volatility of 5.01%. This indicates that MLOZX experiences smaller price fluctuations and is considered to be less risky than PRNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLOZX | PRNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 5.01% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 12.38% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 20.21% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 18.82% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 20.69% | +3.48% |