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PRGTX vs. PREFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PRGTXPREFX
YTD Return33.82%33.25%
1Y Return48.30%44.92%
3Y Return (Ann)-15.78%6.22%
5Y Return (Ann)6.53%15.88%
10Y Return (Ann)2.86%13.36%
Sharpe Ratio2.112.63
Sortino Ratio2.723.42
Omega Ratio1.371.48
Calmar Ratio0.782.42
Martin Ratio9.5715.03
Ulcer Index4.97%2.92%
Daily Std Dev22.55%16.71%
Max Drawdown-73.10%-56.70%
Current Drawdown-42.14%0.00%

Correlation

-0.50.00.51.00.9

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 33.82% return and PREFX slightly lower at 33.25%. Over the past 10 years, PRGTX has underperformed PREFX with an annualized return of 2.86%, while PREFX has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%200.00%300.00%400.00%500.00%600.00%JuneJulyAugustSeptemberOctoberNovember
140.94%
649.73%
PRGTX
PREFX

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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.


PRGTX
T. Rowe Price Global Technology Fund
Expense ratio chart for PRGTX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for PREFX: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%

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.


PRGTX
Sharpe ratio
The chart of Sharpe ratio for PRGTX, currently valued at 2.11, compared to the broader market0.002.004.002.11
Sortino ratio
The chart of Sortino ratio for PRGTX, currently valued at 2.72, compared to the broader market0.005.0010.002.72
Omega ratio
The chart of Omega ratio for PRGTX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for PRGTX, currently valued at 0.78, compared to the broader market0.005.0010.0015.0020.000.78
Martin ratio
The chart of Martin ratio for PRGTX, currently valued at 9.57, compared to the broader market0.0020.0040.0060.0080.00100.009.57
PREFX
Sharpe ratio
The chart of Sharpe ratio for PREFX, currently valued at 2.63, compared to the broader market0.002.004.002.63
Sortino ratio
The chart of Sortino ratio for PREFX, currently valued at 3.42, compared to the broader market0.005.0010.003.42
Omega ratio
The chart of Omega ratio for PREFX, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for PREFX, currently valued at 2.42, compared to the broader market0.005.0010.0015.0020.002.42
Martin ratio
The chart of Martin ratio for PREFX, currently valued at 15.03, compared to the broader market0.0020.0040.0060.0080.00100.0015.03

PRGTX vs. PREFX - Sharpe Ratio Comparison

The current PRGTX Sharpe Ratio is 2.11, which is comparable to the PREFX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of PRGTX and PREFX, 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.11
2.63
PRGTX
PREFX

Dividends

PRGTX vs. PREFX - Dividend Comparison

Neither PRGTX nor PREFX has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
PRGTX
T. Rowe Price Global Technology Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.08%
PREFX
T. Rowe Price Tax-Efficient Equity Fund
0.00%0.00%0.00%0.00%0.04%0.16%0.18%0.26%0.22%0.04%0.05%0.30%

Drawdowns

PRGTX vs. PREFX - Drawdown Comparison

The maximum PRGTX drawdown since its inception was -73.10%, 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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-42.14%
0
PRGTX
PREFX

Volatility

PRGTX vs. PREFX - Volatility Comparison

T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 6.18% compared to T. Rowe Price Tax-Efficient Equity Fund (PREFX) at 5.00%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
6.18%
5.00%
PRGTX
PREFX