PGTIX vs. FMIEX

Last updated Jun 25, 2026

PGTIX (T. Rowe Price Global Technology Fund I Class) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both mutual funds - PGTIX is a Technology Equities fund actively managed by T. Rowe Price, while FMIEX is a Global Equities fund managed by Wasatch. Over the past 5 years, PGTIX returned 8.44%/yr vs 11.70%/yr for FMIEX. At a 0.40 correlation, their price movements are largely independent. PGTIX charges 0.78%/yr vs 1.10%/yr for FMIEX.

Performance

PGTIX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Technology Fund I Class (PGTIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGTIX achieves a 34.82% return, which is significantly higher than FMIEX's 11.36% return.

PGTIX

• 1D: -5.45%
• 1M: 1.58%
• YTD: 34.82%
• 6M: 34.82%
• 1Y: 60.69%
• 3Y*: 37.12%
• 5Y*: 8.44%
• 10Y*: —

FMIEX

• 1D: 0.00%
• 1M: -2.38%
• YTD: 11.36%
• 6M: 11.06%
• 1Y: 25.19%
• 3Y*: 18.96%
• 5Y*: 11.70%
• 10Y*: 11.60%

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

PGTIX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGTIX T. Rowe Price Global Technology Fund I Class	34.82%	27.48%	33.33%	56.25%	-55.48%	8.92%	75.98%	34.28%	-9.95%	45.22%
FMIEX Wasatch Global Value Fund Investor Class Shares	11.36%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between PGTIX and FMIEX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.40

The correlation between PGTIX and FMIEX shifts across timeframes, from 0.25 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PGTIX vs. FMIEX — Risk / Return Rank

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

PGTIX

PGTIX Risk / Return Rank: 82
PGTIX Sharpe Ratio Rank: 85
PGTIX Sortino Ratio Rank: 68
PGTIX Omega Ratio Rank: 76
PGTIX Calmar Ratio Rank: 95
PGTIX Martin Ratio Rank: 88

FMIEX

FMIEX Risk / Return Rank: 86
FMIEX Sharpe Ratio Rank: 91
FMIEX Sortino Ratio Rank: 90
FMIEX Omega Ratio Rank: 81
FMIEX Calmar Ratio Rank: 85
FMIEX Martin Ratio Rank: 85

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.

PGTIX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Technology Fund I Class (PGTIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	PGTIX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.75	-0.30
Sortino ratio: Return per unit of downside risk	2.92	3.97	-1.05
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	5.01	3.73	+1.27
Martin ratio: Return relative to average drawdown	14.84	14.59	+0.24

PGTIX vs. FMIEX - Sharpe Ratio Comparison

The current PGTIX Sharpe Ratio is 2.45, which is comparable to the FMIEX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of PGTIX and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PGTIX vs. FMIEX - Drawdown Comparison

The maximum PGTIX drawdown since its inception was -65.26%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for PGTIX and FMIEX.

Drawdown Indicators

	PGTIX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-65.26%	-49.85%	-15.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-7.04%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-9.52%	-17.19%
Max Drawdown (5Y) Largest decline over 5 years	-65.26%	-18.63%	-46.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-6.53%	-2.84%	-3.69%
Average Drawdown Average peak-to-trough decline	-18.92%	-6.57%	-12.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	1.80%	+2.58%

Volatility

PGTIX vs. FMIEX - Volatility Comparison

T. Rowe Price Global Technology Fund I Class (PGTIX) has a higher volatility of 14.57% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.78%. This indicates that PGTIX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTIX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.57%	2.78%	+11.79%
Volatility (6M) Calculated over the trailing 6-month period	22.64%	7.51%	+15.13%
Volatility (1Y) Calculated over the trailing 1-year period	26.56%	9.56%	+17.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.29%	12.68%	+19.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	15.68%	+13.51%

PGTIX vs. FMIEX - Expense Ratio Comparison

PGTIX has a 0.78% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

PGTIX vs. FMIEX - Dividend Comparison

PGTIX has not paid dividends to shareholders, while FMIEX's dividend yield for the trailing twelve months is around 5.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.13%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
PGTIX T. Rowe Price Global Technology Fund I Class	0.00%	0.00%	0.00%	0.00%	3.27%	27.92%	5.04%	0.07%	24.92%	15.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PGTIX and FMIEX in my portfolio?

PGTIX and FMIEX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGTIX or FMIEX?

PGTIX has higher volatility (14.57%) compared to FMIEX (2.78%). In terms of maximum drawdown, PGTIX dropped -65.26% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.75 vs 2.45), 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.