PCT.L vs. PRGTX

Last updated Jun 4, 2026

PCT.L (Polar Capital Technology Trust) is a stock, while PRGTX (T. Rowe Price Global Technology Fund) is Technology Equities fund managed by T. Rowe Price. Over the past 10 years, PCT.L returned 28.45%/yr vs 20.52%/yr for PRGTX. At a 0.46 correlation, their price movements are largely independent.

Performance

PCT.L vs. PRGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Polar Capital Technology Trust (PCT.L) and T. Rowe Price Global Technology Fund (PRGTX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PCT.L is traded in GBp, while PRGTX is traded in USD. To make them comparable, the PRGTX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PCT.L achieves a 57.00% return, which is significantly higher than PRGTX's 44.33% return. Over the past 10 years, PCT.L has outperformed PRGTX with an annualized return of 28.45%, while PRGTX has yielded a comparatively lower 20.52% annualized return.

PCT.L

• 1D: -0.68%
• 1M: 19.13%
• YTD: 57.00%
• 6M: 58.71%
• 1Y: 118.44%
• 3Y*: 47.94%
• 5Y*: 26.81%
• 10Y*: 28.45%

PRGTX

• 1D: 1.29%
• 1M: 21.38%
• YTD: 44.33%
• 6M: 42.40%
• 1Y: 80.75%
• 3Y*: 36.48%
• 5Y*: 13.36%
• 10Y*: 20.52%

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

PCT.L vs. PRGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCT.L Polar Capital Technology Trust	57.00%	33.14%	34.30%	50.52%	-36.80%	18.35%	45.33%	43.66%	-2.90%	34.32%
PRGTX T. Rowe Price Global Technology Fund	44.33%	18.21%	35.45%	48.13%	-50.25%	9.88%	70.60%	29.11%	-4.74%	34.37%

Correlation

The correlation between PCT.L and PRGTX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	0.46

Over the past year, PCT.L and PRGTX have become more correlated (0.69) than their long-term average of 0.46, meaning their price movements have been converging.

Return for Risk

PCT.L vs. PRGTX — Risk / Return Rank

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

PCT.L

PCT.L Risk / Return Rank: 98
PCT.L Sharpe Ratio Rank: 98
PCT.L Sortino Ratio Rank: 99
PCT.L Omega Ratio Rank: 98
PCT.L Calmar Ratio Rank: 98
PCT.L Martin Ratio Rank: 98

PRGTX

PRGTX Risk / Return Rank: 92
PRGTX Sharpe Ratio Rank: 96
PRGTX Sortino Ratio Rank: 88
PRGTX Omega Ratio Rank: 86
PRGTX Calmar Ratio Rank: 96
PRGTX Martin Ratio Rank: 93

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.

PCT.L vs. PRGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polar Capital Technology Trust (PCT.L) and T. Rowe Price Global Technology Fund (PRGTX). 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.

	PCT.L	PRGTX	Difference
Sharpe ratio: Return per unit of total volatility	5.11	3.78	+1.33
Sortino ratio: Return per unit of downside risk	5.78	4.37	+1.41
Omega ratio: Gain probability vs. loss probability	1.79	1.61	+0.18
Calmar ratio: Return relative to maximum drawdown	11.80	6.45	+5.35
Martin ratio: Return relative to average drawdown	38.47	17.06	+21.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCT.L vs. PRGTX - Sharpe Ratio Comparison

The current PCT.L Sharpe Ratio is 5.11, which is higher than the PRGTX Sharpe Ratio of 3.78. The chart below compares the historical Sharpe Ratios of PCT.L and PRGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PCT.L	PRGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.11	3.78	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.44	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.15	0.74	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.76	-0.24

Drawdowns

PCT.L vs. PRGTX - Drawdown Comparison

The maximum PCT.L drawdown since its inception was -84.10%, which is greater than PRGTX's maximum drawdown of -60.44%. Use the drawdown chart below to compare losses from any high point for PCT.L and PRGTX.

Drawdown Indicators

	PCT.L	PRGTX	Difference
Max Drawdown Largest peak-to-trough decline	-84.10%	-60.44%	-23.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-12.98%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-33.20%	-28.50%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	-37.89%	-60.44%	+22.55%
Max Drawdown (10Y) Largest decline over 10 years	-37.89%	-60.44%	+22.55%
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-30.18%	-12.02%	-18.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	4.90%	-1.83%

Volatility

PCT.L vs. PRGTX - Volatility Comparison

Polar Capital Technology Trust (PCT.L) and T. Rowe Price Global Technology Fund (PRGTX) have volatilities of 8.05% and 7.75%, 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

	PCT.L	PRGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	7.75%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	17.31%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	22.13%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	30.30%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	27.79%	-3.16%

Dividends

PCT.L vs. PRGTX - Dividend Comparison

Neither PCT.L nor PRGTX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCT.L Polar Capital Technology Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRGTX T. Rowe Price Global Technology Fund	0.00%	0.00%	0.00%	0.00%	3.28%	27.71%	5.05%	0.15%	24.67%	15.81%	9.46%	10.03%

Frequently Asked Questions

Can I hold both PCT.L and PRGTX in my portfolio?

PCT.L and PRGTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.