PREFX vs. PRMTX
Compare and contrast key facts about T. Rowe Price Tax-Efficient Equity Fund (PREFX) and T. Rowe Price Communications & Technology Fund (PRMTX).
PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000. PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993.
Performance
PREFX vs. PRMTX - Performance Comparison
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PREFX vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | -9.48% | 16.30% | 32.37% | 36.98% | -30.52% | 22.19% | 35.32% | 36.59% | -0.46% | 28.80% |
PRMTX T. Rowe Price Communications & Technology Fund | -7.10% | 43.31% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
Returns By Period
In the year-to-date period, PREFX achieves a -9.48% return, which is significantly lower than PRMTX's -7.10% return. Over the past 10 years, PREFX has underperformed PRMTX with an annualized return of 14.98%, while PRMTX has yielded a comparatively higher 18.08% annualized return.
PREFX
- 1D
- 3.81%
- 1M
- -5.76%
- YTD
- -9.48%
- 6M
- -9.30%
- 1Y
- 15.23%
- 3Y*
- 19.43%
- 5Y*
- 9.56%
- 10Y*
- 14.98%
PRMTX
- 1D
- 3.46%
- 1M
- -5.26%
- YTD
- -7.10%
- 6M
- 17.17%
- 1Y
- 36.97%
- 3Y*
- 34.03%
- 5Y*
- 11.80%
- 10Y*
- 18.08%
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PREFX vs. PRMTX - Expense Ratio Comparison
PREFX has a 0.76% expense ratio, which is lower than PRMTX's 0.77% expense ratio.
Return for Risk
PREFX vs. PRMTX — Risk / Return Rank
PREFX
PRMTX
PREFX vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and T. Rowe Price Communications & Technology Fund (PRMTX). 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.
| PREFX | PRMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.98 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.25 | 3.05 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.39 | -2.54 |
Martin ratioReturn relative to average drawdown | 2.76 | 9.49 | -6.73 |
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
| PREFX | PRMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.98 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.45 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.77 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.64 | -0.20 |
Correlation
The correlation between PREFX and PRMTX is 0.90, 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
PREFX vs. PRMTX - Dividend Comparison
PREFX has not paid dividends to shareholders, while PRMTX's dividend yield for the trailing twelve months is around 54.27%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.00% | 0.00% | 0.85% | 0.61% | 0.88% | 2.09% | 1.98% | 0.94% | 1.36% | 2.82% | 0.22% | 0.55% |
PRMTX T. Rowe Price Communications & Technology Fund | 54.27% | 50.42% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Drawdowns
PREFX vs. PRMTX - Drawdown Comparison
The maximum PREFX drawdown since its inception was -56.70%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for PREFX and PRMTX.
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Drawdown Indicators
| PREFX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -66.30% | +9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -11.17% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -47.17% | +11.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.95% | -47.17% | +11.22% |
Current DrawdownCurrent decline from peak | -12.99% | -8.09% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -13.92% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 3.98% | +0.97% |
Volatility
PREFX vs. PRMTX - Volatility Comparison
T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a higher volatility of 6.84% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 6.51%. This indicates that PREFX's price experiences larger fluctuations and is considered to be riskier than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREFX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 6.51% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 31.76% | -19.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 39.07% | -16.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 26.58% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 23.53% | -2.32% |