PRGTX vs. PREFX
Compare and contrast key facts about T. Rowe Price Global Technology Fund (PRGTX) and T. Rowe Price Tax-Efficient Equity Fund (PREFX).
PRGTX is managed by T. Rowe Price. It was launched on Sep 28, 2000. PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRGTX or PREFX.
Key characteristics
| PRGTX | PREFX | |
|---|---|---|
| YTD Return | 23.10% | 22.19% |
| 1Y Return | 37.49% | 32.30% |
| 3Y Return (Ann) | -8.38% | 6.27% |
| 5Y Return (Ann) | 12.07% | 15.65% |
| 10Y Return (Ann) | 14.31% | 14.44% |
| Sharpe Ratio | 1.70 | 1.93 |
| Daily Std Dev | 22.45% | 17.09% |
| Max Drawdown | -72.11% | -56.70% |
| Current Drawdown | -29.97% | -2.88% |
Correlation
The correlation between PRGTX and PREFX 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
PRGTX vs. PREFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PRGTX having a 23.10% return and PREFX slightly lower at 22.19%. Both investments have delivered pretty close results over the past 10 years, with PRGTX having a 14.31% annualized return and PREFX not far ahead at 14.44%. 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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PRGTX vs. PREFX - Expense Ratio Comparison
PRGTX has a 0.95% expense ratio, which is higher than PREFX's 0.76% expense ratio.
Risk-Adjusted Performance
PRGTX vs. PREFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Technology Fund (PRGTX) and T. Rowe Price Tax-Efficient Equity Fund (PREFX). 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
PRGTX vs. PREFX - Dividend Comparison
PRGTX has not paid dividends to shareholders, while PREFX's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
PRGTX vs. PREFX - Drawdown Comparison
The maximum PRGTX drawdown since its inception was -72.11%, which is greater than PREFX's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for PRGTX and PREFX. For additional features, visit the drawdowns tool.
Volatility
PRGTX vs. PREFX - Volatility Comparison
T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 8.36% compared to T. Rowe Price Tax-Efficient Equity Fund (PREFX) at 5.97%. This indicates that PRGTX's price experiences larger fluctuations and is considered to be riskier than PREFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.