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PREIX vs. PRMTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PREIX vs. PRMTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Index 500 Fund (PREIX) and T. Rowe Price Communications & Technology Fund (PRMTX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
13.18%
19.98%
PREIX
PRMTX

Returns By Period

In the year-to-date period, PREIX achieves a 26.50% return, which is significantly lower than PRMTX's 39.05% return. Over the past 10 years, PREIX has outperformed PRMTX with an annualized return of 13.02%, while PRMTX has yielded a comparatively lower 8.71% annualized return.


PREIX

YTD

26.50%

1M

3.07%

6M

13.18%

1Y

32.62%

5Y (annualized)

15.57%

10Y (annualized)

13.02%

PRMTX

YTD

39.05%

1M

6.85%

6M

19.98%

1Y

34.00%

5Y (annualized)

6.99%

10Y (annualized)

8.71%

Key characteristics


PREIXPRMTX
Sharpe Ratio2.672.02
Sortino Ratio3.562.51
Omega Ratio1.501.38
Calmar Ratio3.860.74
Martin Ratio17.3010.97
Ulcer Index1.89%3.10%
Daily Std Dev12.24%16.86%
Max Drawdown-55.32%-75.22%
Current Drawdown-0.46%-23.07%

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PREIX vs. PRMTX - Expense Ratio Comparison

PREIX has a 0.15% expense ratio, which is lower than PRMTX's 0.77% expense ratio.


PRMTX
T. Rowe Price Communications & Technology Fund
Expense ratio chart for PRMTX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%
Expense ratio chart for PREIX: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.8

The correlation between PREIX and PRMTX is 0.83, 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.

Risk-Adjusted Performance

PREIX vs. PRMTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Index 500 Fund (PREIX) 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.


Sharpe ratio
The chart of Sharpe ratio for PREIX, currently valued at 2.67, compared to the broader market-1.000.001.002.003.004.005.002.672.02
The chart of Sortino ratio for PREIX, currently valued at 3.56, compared to the broader market0.005.0010.003.562.51
The chart of Omega ratio for PREIX, currently valued at 1.50, compared to the broader market1.002.003.004.001.501.38
The chart of Calmar ratio for PREIX, currently valued at 3.86, compared to the broader market0.005.0010.0015.0020.003.860.74
The chart of Martin ratio for PREIX, currently valued at 17.30, compared to the broader market0.0020.0040.0060.0080.00100.0017.3010.97
PREIX
PRMTX

The current PREIX Sharpe Ratio is 2.67, which is higher than the PRMTX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PREIX and PRMTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.67
2.02
PREIX
PRMTX

Dividends

PREIX vs. PRMTX - Dividend Comparison

PREIX's dividend yield for the trailing twelve months is around 1.09%, more than PRMTX's 0.14% yield.


TTM20232022202120202019201820172016201520142013
PREIX
T. Rowe Price Equity Index 500 Fund
1.09%1.33%1.50%1.15%1.56%1.78%1.95%1.65%1.83%2.02%1.69%1.63%
PRMTX
T. Rowe Price Communications & Technology Fund
0.14%0.19%0.00%0.00%0.00%0.00%0.19%0.01%0.03%0.20%2.46%0.30%

Drawdowns

PREIX vs. PRMTX - Drawdown Comparison

The maximum PREIX drawdown since its inception was -55.32%, smaller than the maximum PRMTX drawdown of -75.22%. Use the drawdown chart below to compare losses from any high point for PREIX and PRMTX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.46%
-23.07%
PREIX
PRMTX

Volatility

PREIX vs. PRMTX - Volatility Comparison

The current volatility for T. Rowe Price Equity Index 500 Fund (PREIX) is 3.96%, while T. Rowe Price Communications & Technology Fund (PRMTX) has a volatility of 4.17%. This indicates that PREIX experiences smaller price fluctuations and is considered to be less risky than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.96%
4.17%
PREIX
PRMTX