PRAFX vs. TRREX
Compare and contrast key facts about T. Rowe Price Real Assets Fund (PRAFX) and T. Rowe Price Real Estate Fund (TRREX).
PRAFX is managed by T. Rowe Price. It was launched on Jul 27, 2010. TRREX is managed by T. Rowe Price. It was launched on Oct 31, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRAFX or TRREX.
Key characteristics
| PRAFX | TRREX | |
|---|---|---|
| YTD Return | 8.37% | 8.81% |
| 1Y Return | 21.96% | 27.35% |
| 3Y Return (Ann) | 1.44% | -1.33% |
| 5Y Return (Ann) | 8.04% | 3.70% |
| 10Y Return (Ann) | 5.02% | 4.84% |
| Sharpe Ratio | 1.61 | 1.72 |
| Sortino Ratio | 2.30 | 2.50 |
| Omega Ratio | 1.29 | 1.31 |
| Calmar Ratio | 1.16 | 0.96 |
| Martin Ratio | 7.34 | 6.00 |
| Ulcer Index | 3.11% | 4.78% |
| Daily Std Dev | 14.17% | 16.74% |
| Max Drawdown | -38.05% | -74.81% |
| Current Drawdown | -2.71% | -9.85% |
Correlation
The correlation between PRAFX and TRREX is 0.70, 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.
Performance
PRAFX vs. TRREX - Performance Comparison
In the year-to-date period, PRAFX achieves a 8.37% return, which is significantly lower than TRREX's 8.81% return. Both investments have delivered pretty close results over the past 10 years, with PRAFX having a 5.02% annualized return and TRREX not far behind at 4.84%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRAFX vs. TRREX - Expense Ratio Comparison
PRAFX has a 0.92% expense ratio, which is higher than TRREX's 0.77% expense ratio.
Risk-Adjusted Performance
PRAFX vs. TRREX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Assets Fund (PRAFX) and T. Rowe Price Real Estate Fund (TRREX). 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.
Dividends
PRAFX vs. TRREX - Dividend Comparison
PRAFX's dividend yield for the trailing twelve months is around 1.40%, less than TRREX's 2.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRAFX T. Rowe Price Real Assets Fund | 1.40% | 1.52% | 1.38% | 1.83% | 1.37% | 2.64% | 2.58% | 1.45% | 1.96% | 1.88% | 1.57% | 1.39% |
TRREX T. Rowe Price Real Estate Fund | 2.42% | 2.76% | 2.66% | 1.78% | 3.33% | 2.92% | 2.91% | 2.72% | 2.28% | 2.26% | 2.23% | 2.31% |
Drawdowns
PRAFX vs. TRREX - Drawdown Comparison
The maximum PRAFX drawdown since its inception was -38.05%, smaller than the maximum TRREX drawdown of -74.81%. Use the drawdown chart below to compare losses from any high point for PRAFX and TRREX. For additional features, visit the drawdowns tool.
Volatility
PRAFX vs. TRREX - Volatility Comparison
The current volatility for T. Rowe Price Real Assets Fund (PRAFX) is 3.36%, while T. Rowe Price Real Estate Fund (TRREX) has a volatility of 5.29%. This indicates that PRAFX experiences smaller price fluctuations and is considered to be less risky than TRREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.