PREFX vs. PRGTX
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and T. Rowe Price Global Technology Fund (PRGTX).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. PRGTX is managed by T. Rowe Price. It was launched on Sep 28, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREFX or PRGTX.
Key characteristics
| PREFX | PRGTX | |
|---|---|---|
| YTD Return | 21.96% | 22.21% |
| 1Y Return | 33.99% | 39.27% |
| 3Y Return (Ann) | 6.15% | -9.06% |
| 5Y Return (Ann) | 15.55% | 11.75% |
| 10Y Return (Ann) | 14.34% | 14.05% |
| Sharpe Ratio | 2.01 | 1.75 |
| Daily Std Dev | 17.00% | 22.37% |
| Max Drawdown | -56.70% | -72.11% |
| Current Drawdown | -3.06% | -30.48% |
Correlation
The correlation between PREFX and PRGTX is 0.89, 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
PREFX vs. PRGTX - Performance Comparison
The year-to-date returns for both investments are quite close, with PREFX having a 21.96% return and PRGTX slightly higher at 22.21%. Both investments have delivered pretty close results over the past 10 years, with PREFX having a 14.34% annualized return and PRGTX not far behind at 14.05%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PREFX vs. PRGTX - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is lower than PRGTX's 0.95% expense ratio.
Risk-Adjusted Performance
PREFX vs. PRGTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) 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.
Dividends
PREFX vs. PRGTX - Dividend Comparison
PREFX's dividend yield for the trailing twelve months is around 0.50%, while PRGTX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.50% | 0.61% | 0.88% | 2.09% | 1.98% | 0.55% | 1.36% | 3.08% | 0.22% | 0.55% | 4.27% | 2.27% |
PRGTX T. Rowe Price Global Technology Fund | 0.00% | 0.00% | 3.28% | 27.51% | 5.05% | 0.07% | 24.67% | 15.81% | 9.46% | 10.03% | 26.70% | 10.76% |
Drawdowns
PREFX vs. PRGTX - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, smaller than the maximum PRGTX drawdown of -72.11%. Use the drawdown chart below to compare losses from any high point for PREFX and PRGTX. For additional features, visit the drawdowns tool.
Volatility
PREFX vs. PRGTX - Volatility Comparison
The current volatility for T. Rowe Price Tax-Efficient Equity Fund (PREFX) is 5.63%, while T. Rowe Price Global Technology Fund (PRGTX) has a volatility of 7.87%. This indicates that PREFX experiences smaller price fluctuations and is considered to be less risky than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.