PRAFX vs. FSRRX
Compare and contrast key facts about T. Rowe Price Real Assets Fund (PRAFX) and Fidelity Strategic Real Return Fund (FSRRX).
PRAFX is managed by T. Rowe Price. It was launched on Jul 27, 2010. FSRRX is managed by Fidelity. It was launched on Sep 7, 2005.
Performance
PRAFX vs. FSRRX - Performance Comparison
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PRAFX vs. FSRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSRRX Fidelity Strategic Real Return Fund | 5.76% | 10.45% | 5.84% | 4.59% | -3.34% | 15.84% | 3.74% | 10.48% | -3.99% | 3.00% |
Returns By Period
In the year-to-date period, PRAFX achieves a 6.11% return, which is significantly higher than FSRRX's 5.76% return. Over the past 10 years, PRAFX has outperformed FSRRX with an annualized return of 8.69%, while FSRRX has yielded a comparatively lower 5.75% annualized return.
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%
FSRRX
- 1D
- 0.21%
- 1M
- -0.53%
- YTD
- 5.76%
- 6M
- 8.09%
- 1Y
- 13.17%
- 3Y*
- 8.68%
- 5Y*
- 6.94%
- 10Y*
- 5.75%
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PRAFX vs. FSRRX - Expense Ratio Comparison
PRAFX has a 0.92% expense ratio, which is higher than FSRRX's 0.70% expense ratio.
Return for Risk
PRAFX vs. FSRRX — Risk / Return Rank
PRAFX
FSRRX
PRAFX vs. FSRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Assets Fund (PRAFX) and Fidelity Strategic Real Return Fund (FSRRX). 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.
| PRAFX | FSRRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 2.14 | -0.52 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.77 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.32 | -0.11 |
Martin ratioReturn relative to average drawdown | 8.90 | 12.34 | -3.45 |
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
| PRAFX | FSRRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.14 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.01 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.86 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.58 | -0.24 |
Correlation
The correlation between PRAFX and FSRRX 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
PRAFX vs. FSRRX - Dividend Comparison
PRAFX's dividend yield for the trailing twelve months is around 2.77%, less than FSRRX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSRRX Fidelity Strategic Real Return Fund | 4.43% | 4.68% | 4.82% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 9.39% | 1.57% | 2.34% | 1.75% |
Drawdowns
PRAFX vs. FSRRX - Drawdown Comparison
The maximum PRAFX drawdown since its inception was -38.05%, which is greater than FSRRX's maximum drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for PRAFX and FSRRX.
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Drawdown Indicators
| PRAFX | FSRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -33.42% | -4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -5.80% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -12.78% | -13.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -19.93% | -18.12% |
Current DrawdownCurrent decline from peak | -11.30% | -0.74% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -4.25% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.09% | +2.18% |
Volatility
PRAFX vs. FSRRX - Volatility Comparison
T. Rowe Price Real Assets Fund (PRAFX) has a higher volatility of 6.30% compared to Fidelity Strategic Real Return Fund (FSRRX) at 1.68%. This indicates that PRAFX's price experiences larger fluctuations and is considered to be riskier than FSRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAFX | FSRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 1.68% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 3.87% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 6.32% | +12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 6.91% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 6.73% | +11.39% |